not vested
Berjaya Sports Toto
Uncertainty in Philippines gaming operations
BST has changed its financial year-end from Apr to Jun in 2019, to be in-line with its holding company, Berjaya Land (BL MK, Non Rated).
Its Philippines PCSO leasing operations end on Aug 22 this year. BST FY20- 21F EPS could fall by 9-10% assuming lease agreement is not extended.
Remains a Hold; the share price is supported by its 5.9% dividend yield.
Source: CIMB
https://brokingrfs.cimb.com/cqosAQZsk7l ... FBcAg2.pdf