When times are bad, go for Berjaya Toto
If you’re looking for 4D numbers, you won’t find it here. This post is about stock investing.
When times are bad, people will become more desperate for money and are more willing to try out their luck in lottery such as Magnum, 1+3D and Toto. For the second quarter ended Oct 31, Berjaya Sports Toto Bhd or BTOTO (1562) posted a 27% increase in net profit and EPS (earnings per share) improved from 7.09 sen to 9.06 sen. That is quite a significant jump considering the fact that most listed companies are posting worse quarterly results nowadays.
Prices 1 month - HIGH: 4.800 (3-Dec-2008), LOW: 4.380 (17-Nov-2008)
Prices 3 months - HIGH: 4.800 (3-Dec-2008), LOW: 4.040 (28-Oct-2008)
Prices 12 months – HIGH: 5.500 (21-Feb-2008), LOW: 4.040 (28-Oct-2008)
If you’re looking for a good defensive stock which will weather the recession, you might want to consider this. It is quite affordable now at around RM 4.54 (as of Friday, 12-Dec-2008) and with the coming festive seasons (Chinese people love to try their luck during Chinese New Year), I believe the profit for the next quarter will be even better.
As for me, I will wait for a little while longer and if it falls to around RM 4.30-4.40 range, I might consider getting one for myself and keep for the long run, provided I have enough cash.
Otherwise, I’ll just keep the money for the next “big drop” in the market.
NOTE: Please bear in mind, the above is based on my research while the facts are based on the article HERE. If it doesn’t end up as I’ve mentioned here, please don’t blame me. I’m still a newbie.
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Good Choice…many years back I bought it at RM3.50 and still keeping it. Yearly devidend is also very good. Good Luck in your investing