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Overview
Financial Highlight
HeadlinesBusiness Background RGB International Bhd engages in the electronic gaming machine and equipment industry. It operates through the following segments: Sales and Marketing; Technical Support and Management; and Others. The Sales and Marketing segment accounts largely in firm’s revenue is engaged in marketing and selling gaming amusement machines, systems, and related products. The Technical Support and Management segment offers technical support, maintenance, and management of gaming and amusement machines and equipment. The Others segment focuses on renting of property, manufacturing, and research and development.
  pangolin casino counter like genting malaysia start to move upwards , rgb pls follow casino trend.. 21/02/2024 12:13 AM PureInvest RGB's Cash balance of RM176,778K/1,548,000K shares = RM0.114 per lot of RGB share. RGB's share price of RM0.305 - RM0.114 = RM0.191. So, when you are holding 1 lot of RGB at RM0.305, it actually means your net cost is RM0.191 per lot of RGB share. Happy investing in RGB, and see how RGB share will progress from now. IB gave TP of RGB at RM0.46. 24/02/2024 9:05 PM PureInvest KUALA LUMPUR (Feb 28): Genting Bhd’s Resorts World Genting said it will close two of its three casinos effective Wednesday. The gaming group posted the announcement on the Resorts World Genting website, stating that Genting Casino 1 (Circus Palace) and Genting Casino 2 (Hollywood) will be closed with effect from Wednesday. The notice advised customers to instead proceed to SkyCasino for gaming, with a shuttle service to be provided to SkyCasino between 10am and midnight daily. Resorts World said in a statement that the closure of certain sections of its casinos would be temporary to facilitate improvements to its facilities. “In our ongoing effort to improve our operational efficiency and enhance the gaming and entertainment experience for our guests, we continuously upgrade our facilities,” it said. Resorts World added that its gaming operations continue to operate as usual. However, the company did not provide a timeline for when the upgrade works will be completed. 28/02/2024 9:06 PM PureInvest RGB's Profit before Tax excluding Impairment Loss is RM9.597M. Total Impairment Loss comes from Sale & Marketing (RM13.869M) and Technical Support & Management (RM21.234M) totaling RM35.103M respectively. Hopefully, these Impairment Loss "Receivables" are able to be collected back in this year 2024 & so on. From the 4th Qtr Report: "The Group has adopted a more cautious and prudent decision in determining the impairment loss for trade receivables, albeit the ongoing monitoring and close following up with the respective debtors. Given the aging receivables, the Group has thus decided to kitchen sink these costs even though some of the debtors have agreed to a repayment schedule. Consequently, the Group has made an exceptional provision for impairment loss on trade receivables amounting to RM13.9 million and RM21.2 million for Sales and Marketing ("SSM") and Technical Support and Management ("TSM") divisions respectively for the quarter ended 31 December 2023." Tax is RM4.964M. After lessing out the Tax = RM9.597M - RM4.964M = RM4.633M (which is Net Profit after Tax excluding Impairment Loss). RGB declared a dividend of RM0.0080/share which is RM8-00/lot of 1,000 units. Total Cash/Bank Balance still stand at +RM148.935M. Hope to see a good financial & business year for RGB for year 2024, 2025 & so on. 29/02/2024 8:51 PM  ceoshare *RGB International (RGB MK/BUY/RM0.29/TP:RM0.46)* _Kitchen Sinking Dragging Reported Earnings🚰_ 🔹 *4Q23 result within expectations.* RGB reported a yoy weaker 4Q23 revenue of RM108.6m (-9% yoy, -36% qoq) and core net profit of RM13m (+39% yoy, -50% qoq). The QoQ weaker earnings are mainly due to lower SSM sales from 3Q23’s high base where there’s a bulk order delivered. 2023 record-high core profit of RM76m made up 100% of our forecast. 🔸 *Reported earnings slumped into huge losses due to impairment.* In 4Q23, RGB kitchen sink some of its aging trade receivables totalling RM35.1m. Management alluded that the impairments are merely conservative accounting practises and some of the debtors have been repaying the debts on schedule, which may allow writebacks of these impairments in upcoming quarters. More importantly, these impairments are non-cash items and does not affect core earnings. 🔹 *Declared 0.8sen interim dividend.* In 4Q23, RGB also declared an interim dividend of 0.8sen. This bring 2023 dividend to 2.0sen, which implies full-year dividend yield of 6.9%. 🔸 *Still well-positioned to capitalize on ASEAN jurisdiction’s booming gaming scene and exponential growth.* We retain our view that RGB is set to continue delivering meaningful earnings growth throughout 2024-25F. Key growth drivers arise from the Philippines’ mushrooming new IRs, friendly legislation such as higher slots capacity quotas, and supportive remote gaming policies. 🔹 *Deep-in-value financial matrixes solidify our investment thesis.* RGB’s bargain valuations of 4.6x 2024F PE (<2x ex-cash 2024F PE) and 1.2x 2024F book value offer tremendous potential capital upside. More importantly, RGB’s prospective net cash of RM175m-256m (36-53% of current market cap) is more than sufficient to support its minimum 30% dividend payout policy and lush yields of >6% in 2024-25F. 🔸 *Maintain BUY with unchanged target price of RM0.46,* which implies 7x 2024F PE, <2x 2024F ex-cash PE, and 3x 2024F EV/EBITDA. We believe there should be *potential knee-jerk selldown* reacting to the lackluster reported earnings, but we advocate investors to look beyond the non-cash impairments and *accumulate on weakness.* 01/03/2024 9:49 AM pang72 Share price in up for red QR Share price down for green QR I am understand the reason of majority losing money in stock market Sha 01/03/2024 3:23 PM PureInvest RGB's generous dividend declared totaling 2.0ct for FY'23 is rewarding to shareholders which amounts to Dividend Yield (YD) of 6.35%. Many investors are buying in to enjoy this generous dividend forthcoming. 01/03/2024 4:08 PM ceoshare https://zh.asgam.com/index.php/2023/10/30/thailand-establishes-new-house-committee-to-study-prospect-of-legal-casinos-zh/ 01/03/2024 4:55 PM pangolin thinking to hold or medium term abt 3 years , anytime can beat EPF div 5.5 % , close 1 eyes 01/03/2024 9:26 PM PureInvest MANILA: The Philippines can overtake Singapore as soon as next year as Asia’s second-largest gambling destination after Macau, the head of Manila’s gaming agency said, with new integrated resorts seen boosting visitors and offsetting a decline in Chinese tourist arrivals. A new integrated resort by billionaire Enrique Razon’s Bloombery Resorts Corp. will open in Manila later this year, while up to eight more casino projects are being planned, Alejandro Tengco (pic), chairman and chief executive officer of state regulator Philippine Amusement and Gaming Corp, or Pagcor, said in an interview at his office on Tuesday (March 12). The regulator also plans to sell state-run casinos by no later than early 2026, he said. "If Singapore doesn’t expand, they will plateau. Don’t be surprised if next year we will surpass them,” Tengco said. The Philippines expects gross gaming revenue to reach a new high of 336 billion pesos (US$6.1 billion) this year, up from last year’s record 285 billion pesos. Singapore’s Gambling Regulatory Authority said it has no comment when Bloomberg News asked regarding Tengco’s remarks and referred to the financial statements of Genting Singapore Ltd and Las Vegas Sands Corp for the revenues of the two integrated resorts in the city-state. Tengco estimates Singapore’s annual gross gaming revenue to be around $6 billion. Manila is counting on its integrated resorts and casinos to help boost tourist arrivals hit hard during the Covid pandemic. This year, the country is targeting 7.7 million foreign tourists after drawing in 5.45 million in 2023, still below the pre-pandemic level of 8.26 million in 2019. The nation’s future casinos, which can cost up to $1.2 billion, will be in the capital Manila and at the former US airbase Clark, as well as in tourist magnets like Cebu and Boracay, he said. StarPicks UDA collaborates with Johor Education Department on school environmental programmes "As you open new markets, new customers will come,” he said. Slower Chinese tourist arrivals will not hinder the industry’s growth, Tengco said, with Philippine casinos mostly drawing in locals and those from South Korea, Japan, Malaysia and Singapore. Chinese tourist arrivals to the Philippines dropped last year to just 15% of 2019 levels, according to government data. The decline comes at a time when tensions between the Philippines and China over territorial disputes in the South China Sea have escalated in recent months. With the Philippines’ gaming revenue rising, new integrated resorts will "hopefully neutralise the decline in Chinese tourist arrivals,” said Tengco, adding that Chinese high rollers are still playing in the country. The Philippines is also building out its online casino industry, which contributed to a fifth of the country’s gross gaming revenue last year and is expected to grow faster than brick-and-mortar casinos. "Our advantage over Macau is they don’t have online gaming,” Tengco said. Pagcor plans to launch its own online gaming website later this year, and is seeking a joint venture partner to operate it, he said. That is part of Pagcor’s efforts to boost the revenue stream of the agency’s Casino Filipino brand - a collection of 41 mostly small casino outlets - ahead of a planned sale of its casino assets so the agency can solely focus on being a regulator. "We want to decouple because Pagcor has been wearing two hats for too long,” he said, adding the company’s remit is rare in the gambling world. The law that created the agency as gaming regulator and casino operator is set to expire in 2033. An amendment to the regulation is needed for Pagcor to privatise its casino assets and extend the agency’s corporate life by another 25 years. Pagcor aims to offer its casinos in bundles - grouped according to location - by late next year or early 2026, and expects to raise 60 billion to 80 billion pesos from the sale, he said. Its planned gaming website will also be sold, he added. "If we’re successful in the privatisation efforts, investors will have more confidence to invest,” Tengco said. - Bloomberg L.P. 15/03/2024 9:28 AM PureInvest RGB's big chunk of business coming from Philippines for the next several years as reported by UOBKayHian. The above news was reported in the Newspaper too. 15/03/2024 9:30 AM pangolin 2024 is BIG BOOM year for casino counter after covid pandemic , let see how far and fast can move for RGB 15/03/2024 1:38 PM ceoshare https://agbrief.com/news/18/03/2024/thai-parliamentary-casino-committee-completes-draft-bill-with-17-casino-tax-proposal/ 18/03/2024 10:52 PM ceoshare Thai parliamentary casino committee completes draft bill with 17% casino tax proposal 18/03/2024 10:53 PM ceoshare Given the current momentum, the casino law could be ratified in 2024, with the first license tender following soon after. This swift process positions Thailand to potentially outpace Japan in opening Asia's next multi-billion dollar casino resor 18/03/2024 10:54 PM bohliau10 To : All From : SEE _Research issued on 5.20 pm. , 5 April 2024 / Friday R G B / 0037 A. As at today / 5 April 2024 ___ good closing at RM 0.34 / + RM 0.02 B. It exhibits technically a positive breakout for momemtum to move higher and it needs to stay above RM 0.34 in order to move up for very strong resistance levels at ___ RM 0.425 / 21 August 2023 RM 0.425 / 22 August 2023 RM 0.43 / 24 August 2023 CANNOT CROSS AT THE RM 0.425 TO EXIT IMMEDIATELY FOR GAINS . 06/04/2024 9:42 AM bohliau10 To : All From : SEE _Research issued on __ first issue on RGB 5.20 pm. , 5 April 2024 / Friday second re issued on 10.00 am., 6 April 2024 / Saturday R G B / 0037 Technical buy on coming days from 8 April 2024 / Monday onwards A. As at today / 5 April 2024 ___ good closing at RM 0.34 / + RM 0.02 B. It exhibits technically a positive__ strong breakout for momemtum to move higher and it needs to stay above RM 0.34 in order to move up for very strong resistance levels at ___ RM 0.425 / 21 August 2023 RM 0.425 / 22 August 2023 RM 0.43 / 24 August 2023 CANNOT CROSS AT THE RM 0.425 TO EXIT IMMEDIATELY FOR GAINS . Remarks This stock will offer some * green * ____ Ang Pow s of minimum 10 % gain before Hari Raya holidays ___ 10 , 11 April 2024 ! !! !!! 06/04/2024 10:30 AM  |
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