BJTOTO
Berjaya Sports Toto Berhad
Company Background
Q2彩票热卖 多多博彩净利激增一倍！
多多博彩（SPTOTO，1562，主板消费股）2025财政年次季（截至12月31日止）净利按年激增105%，至4967万令吉；营收录得14亿8103万令吉，按年增加8.26%。
董事局宣布派发每股2仙第二次中期股息，除权日落在3月27日。
该公司上半年净赚9101万令吉，按年上扬7.85%；营收按年减少1.29%，至29亿2459万令吉。
多多博彩季报中指出，其税前盈利激增71.8%，由旗下所有业务表现所贡献。
尽管次季开彩次数较少，但由于每期平均销售额的提高和累积奖金的增加，带动了字票业务录得6.1%的营收成长，也令税前盈利激增31.5%。
汽车代理业务营收增9.4%
此外，汽车代理业务营收增长9.4%，由二手车需求增长带动销售所贡献。
不过，该业务依然亏损780万令吉，但比上年同期的亏损1580万令吉明显改善。
多多博彩董事对公司业务将保持稳固保持谨慎乐观。
“针对北马两州（吉打州和玻璃市州）合法字票站被关闭的问题，我们希望能够遵循正当的法律程序，让字票站在这两个州重新开业。”
尽管如此，随著买彩票持续成为热潮，字票业务预计将继续实现成长。
$BJTOTO / 1562 (BERJAYA SPORTS TOTO BERHAD)
Extracted from Oriental Daily
Put money in bank no use
Go gamble at $GENM / 4715 (GENTING MALAYSIA BERHAD) $BJTOTO / 1562 (BERJAYA SPORTS TOTO BERHAD) $MAGNUM / 3859 (MAGNUM BERHAD)
If Recession coming, People sad, need drink more
$CARLSBG / 2836 (CARLSBERG BREWERY MALAYSIA BERHAD) $HEIM / 3255 (HEINEKEN MALAYSIA BERHAD)
Lets gooooo
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA CORPORATION BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - JUARA SEJATI SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA GROUP BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA GROUP BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - JUARA SEJATI SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA CORPORATION BERHAD
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period
$BJTOTO / 1562 (BERJAYA SPORTS TOTO BERHAD)
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - JUARA SEJATI SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA GROUP BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA CORPORATION BERHAD
$BJTOTO / 1562 (BERJAYA SPORTS TOTO BERHAD)
Research by PIB
Neutral – TP of MYR 1.36
“Strong Recovery Of Gaming Profit”
Sports Toto Bhd (Sports Toto) posted a strong recovery in 3QFY24 net profit, jumping 195% YoY to RM68.5m mainly on the back of higher gaming profit. STM Lottery’s profit more than tripled due to higher sales per draw as well as lower prize payout. For 9M FY24, results came in within our expectations but beat consensus estimate at 82% of full-year forecast. We make no changes to our FY24-26F earnings forecasts. Maintain Neutral with a DCF-based TP of RM1.36. A third interim dividend of 3.0sen per share was declared (3QFY23: 2.0sen per share). This brings total dividend per share to 8.0sen (including first interim share dividend that equates to 3.0sen per share).
Analyst(s):
Eltricia Foong
eltriciafoong@publicinvestbank.com.my
$BJTOTO / 1562 (BERJAYA SPORTS TOTO BERHAD)
Research by RHB
Neutral – TP of MYR 1.69
“Approaching a Softer Season”
Sports Toto’s 3QFY24 (Jun) earnings beat expectations, thanks to higherthan-expected sales during the festive season. Number forecast operators
(NFOs) should see a high degree of defensiveness thanks to the decent yields
and relatively inelastic demand. That said, we believe the current at-mean
valuation is fair, considering the lack of exciting catalysts for the sector.
Analyst(s):
Tai Yu Jie
tai.yu.jie@rhbgroup.com
Lee Meng Horng
lee.meng.horng@rhbgroup.com
$BJTOTO / 1562 (BERJAYA SPORTS TOTO BERHAD)
Research by Maybank
Buy – TP of MYR 1.71
“Double happiness in the year of the dragon”
Earnings outperformed our expectations on better-than-expected NFO sales/draw and H.R. Owen sales. More poignantly, we estimate that the gap in pre- and post-COVID NFO sales/draw has narrowed to just c.5%. We raise our EPS estimates by 17% p.a. and DCF-TP to MYR1.71 from MYR1.55 (we continue to ascribe nil value to H.R. Owen). Although we trim our dividend estimates by 1sen p.a., SPTOTO still offers very attractive dividend yields of 7.1% p.a.
Analyst(s):
Yin Shao Yang
samuel.y@maybank-ib.com
$BJTOTO / 1562 (BERJAYA SPORTS TOTO BERHAD)
Research by HLIB
Hold – TP of MYR 1.60
“Earnings beat but lacks re-rating factors”
SPToto registered 9MFY24 core PATMI of RM156.1m (+6.4% YoY), which came in above expectations, making up 83% of our full year forecasts and 84% of consensus. The positive deviation was mainly attributed to lower-thanexpected operating costs. Hence, we increased our FY24/25/26 forecasts by 7%/2%/8% after imputing lower cost assumptions. Going forward, we expect both NFO and HR Owen to normalise in 4QFY24 after a favourable 3QFY24. Post our earnings revisions, the TP is raised to RM1.60 (from RM1.57 previously). Our DCF-derived TP is based on a WACC of 10% and TG of 1.5%. Given the limited upside, we maintain our HOLD rating on SPToto.
Analyst(s):
Chee Kok Siang
cheeks@hlib.hongleong.com.my
SPTOTO - Notice of Book Closure
Quarterly rpt on consolidated results for the financial period ended 31/03/2024
Third Interim Dividend
OTHERSPress Release on third quarter results ended 31 March 2024
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - JUARA SEJATI SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA GROUP BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA CORPORATION BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - JUARA SEJATI SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA GROUP BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA CORPORATION BERHAD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - JUARA SEJATI SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - BERJAYA GROUP BERHAD