KUALA LUMPUR: CIMB Equities Research has reduced its target price of Berjaya Sports Toto (BToto) from RM3.09 to RM2.62 but retained its Add call due to its stable operational cashflow and attractive 6.8% dividend yield.The research house had on Tuesday cut its FY19-21F EPS by 19-21% to reflect weaker-than-expected gaming revenue and expected flat revenue and profit from H.R. Owen (HRO) in FY20/21F.

Source: The Star March 19, 2019 00:45 UTC