RHB RESEARCH INSIGHTS – PICK OF THE DAY: BJ TOTO

 

RHB
OSK
Tuesday, 18 March 2014
Bursa Malaysia Trade Statistics – 17 Mar 2014
Participation
(%)
Bought
(RM m)
Sold
(RM m)
Net
(RM m)
Institutions 56.9 926.4 797.7 128.7
Retail 20.2 295.4 317.5 -22.1
Foreign 22.9 294.6 401.2 -106.6
Total 100.0 1,516.4 1,516.4 0.0
Source: theSundaily – Business
Daily Recommendations
hold hold FAIR VALUE MYR 4.20 Berjaya Sports Toto
Featured Reports
BJ Toto – Within Expectations
HOLD FAIR VALUE: MYR 4.20
BST’s MYR288.2m 9MFY14 core earnings were within expectations. A 1-for-43 treasury share distribution was declared, which translates into 9 sen DPS and brings YTD DPS to 19 sen at an annualised yield of 6.5%. We make no major changes to our earnings estimates but lower our FV to MYR4.20 (from MYR4.46) to take into account revisions in our WACC assumptions amid a rising interest rate environment. Downgrade to…
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Gaming – Lacking Catalysts For NowWe maintain our NEUTRAL stance on the gaming sector following the release of the 4QCY13 results of all four companies under our…

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BJ Toto – Within ExpectationsBST’s MYR288.2m 9MFY14 core earnings were within expectations. A 1-for-43 treasury share distribution was declared, which translates into…

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Hang Seng Index Futures – 18 March 2014Below 22,000-pt Psychological Level Stay short below the 22,000-pt psychological level. The HSIF…

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FKLI & FCPO – 18 March 2014FKLI: Resistance At 1,820pts Maintain short positions while observing our 1,820-pt stop-loss point. The FKLI formed an…

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FBM KLCI – 18 March 2014A Potential Downtrend Line We previously said that the FBM KLCI was in a consolidation mode as the index had been…

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RHB Research Guide to Investment Ratings
Buy: Share price may exceed 10% over the next 12 months
Trading Buy: Share price may exceed 15% over the next 3 months, however longer-term outlook remains uncertain
Neutral: Share price may fall within the range of +/- 10% over the next 12 months
Take Profit: Target price has been attained. Look to accumulate at lower levels
Sell: Share price may fall by more than 10% over the next 12 months
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