revenue only RM30 million a quarter?
then profit how much?

You buy????

Gaming sector likely to pick up in second half
CORPORATE NEWS
Friday, 19 Jun 2020


"Earnings estimate-wise, we trimmed Berjaya Sports Toto Bhd’s (BToto) 2020 earnings forecast by 2.5%, as we lowered our draw assumption by three draws to 126, while Magnum Bhd’s 2020 earnings are also lowered slightly by 2.3% as draw assumption is cut by three draws to 127," says Kenanga research.

PETALING JAYA: The gaming sector is expected to pick up in the second half of the year, despite the adverse impact of the Covid-19 pandemic.

Kenanga Research, in a report, said businesses may only revert to pre-Covid-19 levels in 2021.

“Overall, we expect earnings to slowly pick up in the second half of 2020 before a return to ‘business as usual’ level in 2021.

“Earnings estimate-wise, we trimmed Berjaya Sports Toto Bhd’s (BToto) 2020 earnings forecast by 2.5%, as we lowered our draw assumption by three draws to 126, while Magnum Bhd’s 2020 earnings are also lowered slightly by 2.3% as draw assumption is cut by three draws to 127.”

The research house said both adjustments are only on draw assumption with other assumptions unchanged.


“However, there is no change in 2021 estimates for both numbers forecast operators (NFO) for now. On the other hand, we made no changes to our Genting Malaysia Bhd and Genting Bhd estimates as we had already assumed a slowdown till the end of the year.”

All three NFO operators in Peninsular Malaysia, namely SportsToto, Magnum4D and Damacai, resumed operations on Wednesday after a three-month closure since the start of the movement control order on March 18.

Kenanga Research noted that BToto and Magnum would see their NFO units conducting six draws each in the fourth quarter of 2020 and second quarter of 2020 respectively, as compared to the usual quarterly 40-to42 draws.

“We have earlier assumed nine draws available in the said quarter as the MCO was extended till June 9. For the entire three months of business closure, BTOTO had to cancel a total of 40 draws while Magnum also had 39 draws cancelled.

“On the other hand, we may see higher special draws from eight per year currently given the purpose of special draws for emergency events and Covid-19 is a good reason to have extra special draws to raise tax revenues for the government. However, special draws have minimal earnings enhancement to the NFO operators as it comes with additional 10% tax.”

With only six draws available for both BToto and Magnum, Kenanga Research said their upcoming fourth quarter 2020 and second quarter 2020 earnings respectively are expected to be badly hit.

“Post re-opening, we believe the slowdown attributable to social distancing is likely to have less of an impact on the NFO players, but a greater impact on the casino operators given the operating space factor, while the latter is also bounded by travelling restrictions.”

Maybe if tomorrow drop to 2.
But thinking not worth also since highest price in past 2 years also 2.7
I can think of plenty counter better potential

Which stock is better potential??

Gambling stock, Genm also same price but higher potential.

but singaporeans cannot come to genting

they contribute many business....

also uk casino of genting just open only

they closed 5 months!!!!

more than malaysia...

only 3 months..


Genting Malaysia has announced it will reopen its flagship Malaysian integrated resort, Resorts World Genting (RWG), at 10am this Friday 19 June 2020.

The reopening, coming just days after the company reopened non-gaming properties Resorts World Kijal and Resorts World Langkawi, will see entry into the casino limited to Genting Rewards members only with no date offered for public entry.

You ask me about price potential, what difference it is Singapore to Toto and Magnum even.
Very difficult for Toto or Magnum go beyond 2.7 or even 3.
Genm highest price for past 2 years is 5.5.
I didn't even talk about more volume of trade in Genm as well.
All 3 similar price, you say which one offer better risk reward?

You buy what you like lah, don't ask me for opinion then when you already have.

How about next quater


Which will announce on 18th november 2020???


July
August
September

I wouldn't look at dates, maybe I will buy only it broke above 2.15-2.2

macd line?

Technical chart user?

No, just price action.

sports toto
Magnum
Genting berhad
Gentng malaysia


Carlsberg
Heineken

BAT (4162):
BRITISH AMERICAN TOBACCO MALAYSIA BHD


7 sin company tax



Habis


Budget 2021

4pm
6th november 2020
Friday

Confirm not Ipoh.

time like this need to invest on jackpot else you go crackpot

Ipoh still have???


Fake Handphone shop?

Budget 2021 increase gambling tax?

Budget 2021 increase gambling tax?