vested
Berjaya Sports Toto (BST MK)
Share Price: MYR2.15
Target Price:mmMYR2.40
Recommendation: Buy
Reinvest your winnings here
Accounting for higher gross NFO sales/draw forecasts and 14 additional special draws going forward, we raise our FY21E/FY22E/FY23E core EPS by 2%/19%/19% and DPS by 2%/17%/17%.
In our view, 1QFY6/21 earnings will be hard to upstage but we are reasonably confident that BST can generate decent quarterly core net profit of MYR50m-MYR60m going forward.
We raise our DCF-based TP to MYR2.40 from MYR1.95 and upgrade BST to BUY from HOLD.
Source: Maybank
https://factsetpdf.maybank-ke.com/PDF/2 ... 8b0a05.pdf