Confidence in the existing game portfolio and operating momentum supports assumptions for the company’s land-based business, Credit Suisse suggests. The broker values the stock on the assumption the company’s predilection to invest will uphold an expanded market share.
The initiatives include Dollar Storm, a successor to Lightning Link and Dragon Link, as well as Oasis systems, where new connectivity products enable players to deploy mobile phones to allow for seamless gaming experience.
Outperform rating maintained. Target rises to $33.40 from $30.00.
Sector: Consumer Services.
Target price is $33.40.Current Price is $31.52. Difference: $1.88 – (brackets indicate current price is over target). If ALL meets the Credit Suisse target it will return approximately 6% (excluding dividends, fees and charges – negative figures indicate an expected loss).
