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2022-07-29 14:51 | Report Abuse
@Belugawhale chill lah, Mynews operate profitably for the past 10 years before pandemic. This convenience chain store is won't die so fast. CU will be a problem. Not Mynews
2022-07-28 21:57 | Report Abuse
Ah diu ah this mah nius look so promising at first. So dissapointed after knowing their stores are empty
2022-07-19 19:12 | Report Abuse
RGB pls work harder to gain business in Philippine
2022-07-11 09:34 | Report Abuse
Excuse me, what is engineer broom?
2022-06-02 14:32 | Report Abuse
I agree. They will gvie but verh low. All those cash pile there is to act as nuclear deterrence. If China glove company start to cut oruce aggressively, they will think twice, cuz Kossan got huge cash pile to fight it out. Same with all glovemakers. Keep billion billion in the bank to act as nuclear deterrence
2022-06-02 14:31 | Report Abuse
Can hold for long term. Biggest distributor of casino equipment in Asia. As solid as rock and my down there
2022-06-02 14:30 | Report Abuse
No deterioration. Just bad economy.
2022-05-31 12:05 | Report Abuse
So if give 50%discount i can buy more things
2022-05-31 12:05 | Report Abuse
I got rm 80 cash voucher, can hardly buy anything
2022-05-31 12:04 | Report Abuse
I got thw discount code. I want Kossan to give me store discount on all their products since i am shareholder
2022-05-31 12:02 | Report Abuse
HK Wealth Management, your info correct or not? TG really acquire Sri Trang?
2022-05-31 04:22 | Report Abuse
Interesring. I like to know whay they are thinkig
2022-05-31 04:22 | Report Abuse
Theu ard holding off purchade of new equipment
2022-05-31 04:22 | Report Abuse
I am surprise these casinos are still not buying new equipment
2022-05-31 04:21 | Report Abuse
Bur i concur with 4evrr5. Q1 is not reallu a good barometer cuz it is traditionally the weakest quartrr
2022-05-31 04:18 | Report Abuse
People do so well ypi do so bad.
2022-05-29 21:00 | Report Abuse
Lots of institutions have bought stocks and lost money. Sometimes, institutions do less homework and focus more on themes and other techmival analysis stuff.
2022-05-29 03:29 | Report Abuse
Can. Some people make money from growing and thematically potential stocks. Some make from unliked stocks with temporary issues. Don't have to swing when it is not your call
2022-05-28 06:48 | Report Abuse
That Philippines casinos are reliant on Chinese custoners, is not completelu true. This is true for Cambodia, but not phillipines
2022-05-28 06:46 | Report Abuse
The chinese tourist come for table games.
2022-05-28 06:45 | Report Abuse
Packhoo you are wrong. On the contrary, the slots are targeted at mass market which is the local market. The revenue of privafe casinos already reached 75 percent of 2019 level, without a sinhle chinese customer. The filipino market is huge and growing fast.
2022-05-27 21:23 | Report Abuse
What really attract me is RGB managed to increase its distribution sales by a lot in 2018 and 2019. Meanwhile, its 220 and 2021 sales also did quite well. The results are not too far off from frombefore 2018. Who knows what RGB can achieve after the pandemic. As long as the casino market still keep growing rapidly, i am sure RGB will manage to pick up more business than before. At this peice, regardless of the issues, ir is still quite undervalued.
2022-05-27 21:18 | Report Abuse
Third, in Macao, most casinos will opt for western brands. But in south east asia, the slot club and smaller casinos which are major RGN custoemr as a whole, buy both western brand and non western brand like Chinse slot machines or SG slot like Weike. Since RGB mainly carry western brands, they fave this kind of competition.
2022-05-27 21:16 | Report Abuse
Second, RGB is just a distributor and most of the distribution agreement is non exclusive. So no guarantee growth in Philippine or Cambodia or Vietnam casino will bemefit RGB in the same way. If you check pjillipine casino industry growth, over the last decade it is multifold. But RGB clearly didnt grow much. Although in 218 and 2019 they auddenly increase their sales alot. But based on the trend, phillipine casinos should see very good growth. Even the experts forecast slot machine sales over the next 25 yeaes will be 12 over percent in asia. But again, not guaranteed RGB will benefit. Hopefully they will. Currently, the ones that really rsly on RGB is usually the smaller brands that need RGB's network to penetrate the market. Aristocrat and the ohters already distribute themsleves in Macao, and aome of it in Phillipine.
2022-05-27 21:11 | Report Abuse
Higher breakeven level than its usual TSM contracts*
2022-05-27 21:11 | Report Abuse
The problem for RGB is 3 things I think. One is the TSM division is already facing problems in their expansion before pandemic. Because most private casinos dont really want the TSM arrangement since they are already experts in the slot machine placement business. Some of the slot machine manufacturers like Aristocrat also offer this kind of arragmenet so they are indeed a competitor to RHB in this respect. Most of RGB slors are located at hotel cum casinos which need RGB expertise more. So RGB can demand more share of the profits as a percentage. RGB has 2 big casins as their TSM partners. They are Donaco and Pagcor owned casinos. Donacao mentioned that the TSM arragement with one fo their parrners which is most likelt to be RGB, is not satisfactory back in 2018 or 201o not too sure. That's not very good aign to me. Then i saw Pagcor agreemenr with RGB for the TSM arragement, the profit sharing ratio is 80:20 means RGN only get 20% of the prpfit share. On top pf that,, RGB must fork out their own money to maintain the slots and upgrade the games. Usually, the pforit sharing ratio for TSN contracts is much higher like 25% to 30% or more. That's why you can see even after RGB laced many slots in Pagcor in 20i and 2019, the TSM profit didn't really show any positive impact. Probbalt because they are uire a higher breakeven level than irs usual TSM contracts
2022-05-27 20:58 | Report Abuse
What is not so positive is Pagcor seems to be losing market share to the private casinos. I said earlier the 2018 and 2019 TSM new slot machines are placed at Pagcor casinos. So maybe the TSM division for RGB may not mirror the strong performance of the private casinos. But RGB distribution business should be stromg.
2022-05-27 20:50 | Report Abuse
Thanks for the good observation. I check the geographic segment you said. The other countries that shot up from 100k to 5 million should be south ameeica. Rgb boss mentioned before that South America is very big market for slot machine. Looks like they manage to get sizable contract there foe the first time. But I am not too optimisric about it because after so long Aouth Maerica woud already have their own distribution network. May not be so easy for RGB to replace them. Since distribution contractd for RGB aee usually in batchees, it coyld be a one off thing too.
2022-05-27 18:42 | Report Abuse
Actually their clientele is well diversified. They also supply to many of the private casinos. But the problem is Aristocrat and Scigames also do direct distribution in the Philippines. So there will be clashes
2022-05-27 18:30 | Report Abuse
Whether it is just 2 Pagcor casinos I am not sure. But they also supply other equipment to Pagcor like card machines and slot machines for their distribution business
2022-05-27 18:29 | Report Abuse
Most of the 2018 and 2019 increase in TSM slot machine placement is to Pagcor owned casinos. I saw the contract on the internet
2022-05-27 17:07 | Report Abuse
So many useless drug addicts there. May as well make them lose their money in slots instead of drugs so make us more money.
Stock: [MYNEWS]: MYNEWS HOLDINGS BERHAD
2022-07-29 14:51 | Report Abuse
Mynews just serve a different market