Monday, December 14, 2009

BJTOTO (1562) Acquisition

Berjaya Sports Toto Berhad (BJTOTO 1562) has hit its all time low at 4.11 today and closed at 4.18. The falls is suspected to be caused by the uncertainty of its dividend policy. BJTOTO has not been paying dividend for 2 quarters in a row.

With PE ratio at around 13.50 and dividend yield at 6%, and it is at all time low, I have make a BUY call today and expecting the BJTOTO stock price to be at above rm4.40 level in another 6 months period (June 2010).

It will soon trigger the STRONG BUY call to me upon BJTOTO stock price falls below rm4.00.

1 comment:

Jayce said...

Will start monitor BJTOTO from now on. :)


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