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KUALA LUMPUR (Jan 21): More betting outlets of number forecast operators (NFOs) throughout the country will be closed from tomorrow until Feb 4 as the government reimposed a Movement Control Order (MCO) on the remaining states in Peninsular Malaysia.
This means all betting outlets in the country, except for Sarawak that has been placed under a Conditional Movement Control Order, will be temporarily closed.
All three Magnum Bhd, Sports Toto Malaysia Sdn Bhd and Pan Malaysian Pools Sdn Bhd (Da Ma Cai) have each updated their respective official notices on their websites about the closure of their outlets in MCO 2.0 areas.
Outlets in Kedah, Pahang, Perak, Perlis and Negeri Sembilan will be temporarily closed from tomorrow until Feb 4.
were touted as recovery plays following the potential dispensation of Covid-19 vaccines.
However, the latest two-week travel restriction starting tomorrow may see lower NFO sales and reduced visitors to Genting Malaysia’s flagship integrated resort, Resorts World Genting (RWG).
Maybank IB Research said it is cutting Genting Malaysia’s financial year 2021 earnings per share (EPS) by 58% following the MCO, which will be enforced in six states, including Selangor and Kuala Lumpur, which are RWG’s key markets.
Individuals from these states will not be allowed to travel inter-state.
“While most of RWG is located in Pahang, where a looser conditional MCO (CMCO) will be reimplemented, we gather that the great majority of day trippers – about 75% of total visitor arrivals – who visit RWG are from Selangor and Kuala Lumpur, ” the research firm said in a note yesterday.
KUALA LUMPUR (Dec 17): CGS-CIMB has overweight ratings on bank, healthcare, gaming, oil and gas, electronics manufacturing services (EMS), media and rubber gloves sectors, and underweight ratings on chemicals and transport.
The research house said in a report that it likes the bank, gaming, oil and gas, EMS and media sectors for exposure to a recovering economy post-Covid-19.
“We continue to like the gloves sector, as it is expected to deliver record earnings in 2021 due to strong demand for gloves following the Covid-19 outbreak.
“However, as we had cautioned earlier, the key risk is that the rubber gloves is now a crowded trade given its stellar share price performance in 9M20 (first nine months of 2020). This, coupled with concerns over the treatment of its workers and potential new capacities coming on stream, has led investors to rotate out of the gloves sector into banks,” it said.
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