[%GQVg%]
Research by Maybank
Buy - TP RM1.34

"Nice turn of luck for a change"

2Q24 earnings/dividends were within/below our expectations. Positively, 2Q24 gross NFO sales/draw/outlet hit a post-COVID high, albeit, thanks to a long jackpot run. We maintain our estimates, BUY call and MYR1.34 DCF-TP for now as we wait and see if the aforementioned feat can be repeated. A key near term lookout is the potential disposal/listing of U Mobile which we estimate may add >MYR0.15/share to our DCF-TP.

Analyst:
Yin Shao Yang
[%aHYi%]

$KLSE-MAGNUM
Research by Maybank
Buy - TP RM1.34

"Nice turn of luck for a change"

2Q24 earnings/dividends were within/below our expectations. Positively, 2Q24 gross NFO sales/draw/outlet hit a post-COVID high, albeit, thanks to a long jackpot run. We maintain our estimates, BUY call and MYR1.34 DCF-TP for now as we wait and see if the aforementioned feat can be repeated. A key near term lookout is the potential disposal/listing of U Mobile which we estimate may add >MYR0.15/share to our DCF-TP.

Analyst:
Yin Shao Yang
samuel.y@maybank-ib.com