BJTOTO...

With quite an amount of news focusing mostly number forecasting companies such as MPHB (Magnum), BJToto, Tanjong via PMP.... one thing to note is the gov is not shy to reveal to public that they are in need of cash and that the fastest and the best way to increase its revenue is through sin tax mainly gaming or alternatively you can also call it gambling. While that is a separate issue, my main reason of this post is to highlight the potential short term movement for these companies...

Favourite to outperform the rest is still BJtoto... why, mainly because of its wide variety of games.... and its mega jackpots.... the rest are conventional 4D companies.... while magnum may introduce new games perhaps a jackpot type of game, it will take while before people starts to feel the ummph of the game and start buying on a consistent basis.... while excitement will be there, what matters most is the to get the volume to sustain and bjtoto has the edge and judging by the number of people frequenting their outlets and the market share, it certainly won't be affected eventhough the remaining 2 operators start to introduce more varieties to their current offerings.

Anyway with the huge dividend episode just went by, bjtoto is definitely set to regain its stock price after the adjustment... with today's closing, the stock certainly looks very positive to have a short term run up to RM4.68 at least.... while this is probable, do not that it will have to take place relatively fast before the stock market adjustment happens... so traders, may have to watch closely. On the long run, i expect bjtoto to hit past its Q1'08 high.