Stock Name: BJTOTO
Company Name: BERJAYA SPORTS TOTO BHD
Great results. BST's 3QFY12 net profit of RM112.7m (-2% YoY, +7% QoQ) brought 9MFY12 net profit to RM310.5m (+27% YoY), within expectations at 76% of our FY12 estimate. 9MFY12 revenue of RM2.7b (+6% YoY) was also in line, at 75% of our FY12 estimate. A third interim net DPS of 6sen (22sen YTD) was declared, representing a net DPR of 95% (assumption: 75%). Maintain Buy and RM5.00 TP.
Maybank Research 22 March 2012
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Company Name: BERJAYA SPORTS TOTO BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 5.00 |
Great results. BST's 3QFY12 net profit of RM112.7m (-2% YoY, +7% QoQ) brought 9MFY12 net profit to RM310.5m (+27% YoY), within expectations at 76% of our FY12 estimate. 9MFY12 revenue of RM2.7b (+6% YoY) was also in line, at 75% of our FY12 estimate. A third interim net DPS of 6sen (22sen YTD) was declared, representing a net DPR of 95% (assumption: 75%). Maintain Buy and RM5.00 TP.
Maybank Research 22 March 2012
Click here for full report
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