Do you see something coming when Ananda Krishnan divested his Tanjong's gaming business? Quite interestingly, rumour has it that it was his son (who is a Buddhist monk) who advised him to sell, as owning a gaming business is against his Buddhism practice. Perhaps, but my question is would he sell the business when it was enjoying good growth. At least that one went the right way towards education. I actually liked it.
This BJToto deal on the other hand goes in the name of unlocking value as apparently the stock is being avoided by Shariah compliant funds. By going to Singapore it will be able to attract more funds - really? More funds yes but not necessarily better valuation. The fact of the matter is that gaming business in Malaysia is not enjoying growth anymore.
In fact as seen above, the last 3 years revenue growth stagnated while profit dropped. BJToto for the Berjaya family is still great. It is literally a money printing machine (in fact better) as their costs are just the paper and printers where the numbers are being printed from. No more marketing, no more mind boggling ideas on how to grow the business. At the end of the year, they still earn in excess of RM5 million salaries and tonnes of dividends. Who would want to let go business like this?
For other shareholders though, what used to be a great investment, the holding of BJToto has become purely a dividend share for the last few years with no capital appreciation. No doubt to some, it is still decent though as the yield is more than your FD now. However, do you know that Berjaya is squeezing more money from debt to pay you?
By reaching out to Singapore, do you think they will be able to expand the gaming business. Expand yes, but competition is also much greater. The fact of the matter is that gaming business globally has become more open and competitive. Tell me which government will provide Berjaya Group gaming license, like the one given by Malaysian government 20 years ago where it was a monopoly for lotto and just 2 other competitors for the 4 digit gaming business. Seriously, what was once ideal later became a business - it was supposed to provide funding for Malaysian sports, hence the name.
Another example of gaming gets tougher - Just look at the mess Genting is getting into in New York now.
The writer feels that gaming actually is more than a political lobbying business.
6 comments:
사설토토-사설토토사이트
사설토토 선택의 절대적으로 기준이 되는것은
장기간 안정적으로 먹튀없이 운영되어진곳이
첫번째가 되겠습니다.
일반사람이 구분하는것에는 한계가 있어서
토토사이트 검증 사이트를 통하여 알아보는것또한
하나의 방법이라 생각되어집니다
토토사이트 검증
Took me time to read all the comments, but I really enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here! It’s always nice when you can not only be informed, but also entertained! 토토사이트
I?m amazed, I have to claim. Truly rarely do I experience a blog that?s both instructional and amusing, and let me tell you, you have struck the nail on the head. Your concept is superior; the problem is something that insufficient individuals are talking intelligently around. I am very satisfied that I came across this in my look for something connecting to this.
카지노커뮤니티
wep.
A person necessarily assist to make seriously articles I’d state.
That is the first time I frequented your web page and thus far?
my web page;슬롯
(mm)
So precious views and notion you spread over the page. BJ toto now world famous sports and gaming business. I think the sense of Ananda Krishnan's son completely a personal and intense feelings to Buddhism. Maybe it's only a rumour. Anyway, my browsing story was to know more about sports toto 안전놀이터 to write an exceptional and deep researched article, and i was very pleased to see some important points to pick up. The group financial summary was also remarkable.
You are so intriguing! I figure I haven't really scrutinized anything equivalent already.
It's uncommon to find someone who has a certified idea on this point.
Genuinely, thank you for starting this.
※사설토토※메이저사이트※토토사이트※
오랫동안 많은 업체들과 함께 데이터 베이스를
구축하였으며 유져님들께서 안전한 놀이터
및 메이저 사이트에서 부담없이
최적의 스포츠게임을 즐기실수 있게 최고의
토토사이트를 제공해드립니다
※토토사이트 검증※토토사이트
추천받으실수 있습니다.
This webpage is a necessary thing on the Internet,
somewhat creative person!
https://ntoto77.com/
Post a Comment