Investors hold off betting on Malaysian lottery firms

Article Abstract:

Berjaya Sports Toto, Tanjong and Magnum stocks have become less attractive due to the various risks and uncertainties that have surfaced as a result of the economic downturn in Malaysia. Investors are saying that the share prices of the three lottery companies should decrease by a further 10% for their stock to become more attractive. Investors are not buying the shares of the Malaysian companies due to the risks and uncertainties concerning their operations. These risks include the probable increase in the taxes that are levied by the government on the industry and indications that lottery spending will decrease as a result of slower economic growth.

Comment:

Its stocks are less attractive due to the risks that have surfaced as a result of the Malaysian economic downturn

Malaysia, Securities prices, Article, Berjaya Sports Toto

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Investors hold off betting on Malaysia lottery firms

Article Abstract:

The economic slowdown of Malaysia is also adversely affecting the lottery industry as investors decline from purchasing stocks of lottery firms such as Berjaya Sports Toto, Tanjong, and Magnum. The lottery sector was expected to weather the country's economic troubles and post at least a 10% growth rate in 1998. However, investors have grown concerned of risks involved and have been discouraged by the government's decision to enforce taxes on the industry.

Amusement and recreation, not elsewhere classified, Finance, Berjaya Sports Toto Bhd., Lottery industry

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Reworking defensive tactics: Malaysia's restrictions hit foreign investors

Article Abstract:

Foreign investors in Malaysia should continue to stay in stocks, instead of placing funds in the money market, following the imposition of currency controls by the government. Stocks are in a better place to outperform inflation if the Malaysian government does provide the economy with an aggressive, arousing jolt. Investors can also shift from the so-called defensive dollar-earning firms they preffered as the ringgit dwindled.

Other Financial Vehicles, Investors, not elsewhere classified, Investors NEC, Planning, Foreign investments, Investors

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