Morgan Stanley released their opinion re the expected results of the TTS report due on 25/02/2010.
We are forecasting 1H10E Core NPAT of $161m. Group revenue is expected to increase 4.9% in FY10E driven by sales growth in wagering, gaming and lotteries. We forecast positive gaming revenue growth of 4% in FY10E, although we may be marginally too high, with Victorian NMR growth of only 0.49% to October in FY10E. Lottery revenue is likely to be up on the pcp (we forecast +4.5%).
Pls DYOR, thx...
TTS Price at posting:
$2.28 Sentiment: Buy Disclosure: Held
