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KUALA LUMPUR (Mar 19) – Berjaya Sports activities actions Toto up 1.9% at MYR2.14, after its 3Q internet revenue jumped 23.6% on-yr. RHB Funding Monetary establishment upgrades inventory to Purchase from Impartial on engaging dividend yield; raises goal value to MYR2.fifty one from MYR2.43. “Whereas the medium-time interval outlook of its gaming operations stays unexciting as a result of proliferation of illegal operators, the current retracement in share value has pushed its yield to 7%-8% yearly, based mostly totally on our goal payout ratio of 75%-80%,” says dwelling in investor phrase; additionally expects a possible distribution of treasury shares. Provides, firm 10.2%-owned Vietnam lottery operator Vietlott has large potential for improvement, pushed by the nation’s lottery market which is estimated at $three billion -$four billion each year.
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