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LAST year was dotted by the return of higher commodity prices and better economic growth. The world’s economies on average are back in business as growth rates and trade have started to improve once again after some period of uncertainty caused by a cooling China economy and also the slump in global crude oil prices. (145-1)
Tags / Keywords: Corporate News , Berjaya Sports Toto Bhd , Datuk Dickson Tan Yong Loong
BERJAYA Sports Toto Bhd (BJToto; Code: 1562) shares slumped to a low of RM2.25 in late August, the worst level since May 2003, dragged down by persistent profit-taking liquidation pressure. At that moment, prices looked frail and defenceless. Hence, prices risked sustaining the downward spiral and appeared in great danger of slipping below RM2.06-RM2.10 concrete floor, going forward.
The company’s first quarter FY18’s core net profit of RM71.2mil (+3% year-on-year (yoy), +2% quarter-on-quarter) was within its expectations at 23% of its full year estimates.
KUALA LUMPUR: Berjaya Sports Toto Bhd , Hai-O Enterprise Bhd , Lotte Chemical, Econpile and PPB Group are among the stocks to watch on Thursday, according to JF Apex Research. (2-0)
MarketWatch: The S&P 500 and the Dow ended slightly higher on Wednesday, adding to their string of closing records, after the Federal Reserve signalled it expects another interest rate hike by year-end and disclosed timing for reducing its balance sheet. The DJIA rose 41.79 points, or 0.19% to end at 22,412.59, its seventh straight record close. The S&P 500 gained 1.59 points, or 0.06%, to 2,508.24, clocking its sixth record closing high in the last seven sessions. (661-0)
The number forecast operator (NFO) attributed the higher revenue and net profit for the period ended July 31, 2017, to improved performance by 98.38% indirect-owned UK automobile distributor HR Owen Plc and foreign exchange gains recognised by a foreign subsidiary company.
AFFIN Hwang Capital Research has downgraded Bursa Malaysia Bhd to Hold from Buy on valuation grounds, following the counter’s share price outperformance.
KUALA LUMPUR: Selangor Dredging, Berjaya Sports Toto (BToto), Sapura Resources and Destini are among the stocks to watch on Wednesday, according to JF Apex Research.
Trust not discussed: A truck carrying oil palm fruits passing through Felda Sahabat plantation in Lahad Datu. FGV said in an announcement to Bursa Malaysia that there was no discussion on the creation of a plantation trust at the FGV and Felda boards. – Reuters
KUALA LUMPUR:Malaysian Resources Corporation Berhad (MRCB), Protasco Bhd, Eco World and Berjaya Sports Toto are among the stocks which could see trading interest on Friday following their corporate news, says JF Apex Research.