Sports Toto (former Berjaya Sports Toto)

[winston]

vested

2QFY25: Sequential Improvement From Lottery Business

SPTOTO’s 2QFY25 results came in within expectations, reflecting improved STM earnings on higher ticket sales and lower prize payouts.

Despite HR Owen still facing inflationary pressures and higher depreciation, we remain confident on SPTOTO’s progressive earnings recovery especially in 3QFY25 which has seen a prolonged 6/58 jackpot run to record high levels.

Compelling yields of 7-9% will continue to provide moderate capital upside.

Maintain BUY. Target price: RM1.78.

Source: UOBKH

https://39646150.fs1.hubspotusercontent ... PTOTO%20MK).pdf?utm_medium=email&_hsenc=p2ANqtz-_k0I4SNT9Kfvmf7Fl5W-fFGzI_P85a2MgV28w7pPMsaaj1sIRLcjG9fBglRhaIS0Vp1qpKJbz3JenqzGMKbyuGrpjcgQ&_hsmi=348563881&utm_content=348563881&utm_source=hs_email

[winston]

vested

Sports Toto’s third-quarter net profit soars 54%

In the third quarter ended March 31, Sports Toto’s net profit jumped 54.3% to RM105.6mil, bringing its nine-month net profit to RM196.7mil.

Revenue rose 12.5% to RM1.9bil, lifting its nine-month revenue to RM4.83bil.

STM Lottery achieved a stronger revenue growth of 20.8%. Pre-tax profit rose by 45.8% in the current quarter.

H.R. Owen recorded a 14% increase in revenue, mainly driven by higher sales volumes in both the new and used car segments.

H.R.Owen’s pre-tax profit increased to RM17.9mil from RM11.3mil in the last year same quarter.

Source: The Star

https://www.thestar.com.my/business/bus ... t-soars-54