Stock Name: BJTOTO
Company Name: BERJAYA SPORTS TOTO BHD
Research House: OSK
Company Name: BERJAYA SPORTS TOTO BHD
Research House: OSK
Berjaya Sports Toto Bhd, a Malaysian lottery operator, was downgraded at OSK Research Sdn Bhd to reflect “subdued” revenue growth because of stronger-than-expected competition from Magnum Corp.
The stock was cut to “trading buy” from “buy,” OSK said in a report today.
The fair value was reduced to RM4.51 from RM4.65, it said.
Meanwhile, Berjaya Sports Toto was downgraded to “hold” from “buy” at ECM Libra Capital Sdn Bhd on lower earnings expectations.
Its share estimate was cut to RM4.56 from RM4.88, ECM Libra analyst Yin Shao Yang said in a report today. -- Bloomberg
The stock was cut to “trading buy” from “buy,” OSK said in a report today.
The fair value was reduced to RM4.51 from RM4.65, it said.
Meanwhile, Berjaya Sports Toto was downgraded to “hold” from “buy” at ECM Libra Capital Sdn Bhd on lower earnings expectations.
Its share estimate was cut to RM4.56 from RM4.88, ECM Libra analyst Yin Shao Yang said in a report today. -- Bloomberg
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