Genting Theme Park has been officially launching today after closed for about 10 years !!! Largest Theme Park in southeast asia and the only legal place to put the bet in Malaysia !!! RGB will received more contract from Genting Malaysia soon !
PETALING JAYA: Malaysia’s borders are set to fully reopen on March 1, says National Recovery Council (NRC) chairman Tan Sri Muhyiddin Yassin.
“It was recommended by the NRC that the country's borders be fully opened in due time to support the nation's recovery.
"In connection to this, the council agrees that the nation's borders are to fully open as early as March 1 without the need for mandatory quarantine," he said in a statement after chairing the NRC meeting on Tuesday (Feb 8).
Muhyiddin, however, noted that those entering the country would have to undergo Covid-19 tests before and right after arriving into the country as recommended by the Health Ministry.
"The opening of the nation's borders needs to be done accordingly and based on current risk assessment," he added.
The borders had been partially closed since early 2020 following the Covid-19 outbreak to check the spread of the virus.
Muhyiddin added the border opening matter was raised by Immigration director-general Datuk Seri Khairul Dzaimee Daud during the meeting.
On a separate matter, Muhyiddin said NRC had also recommended a more systematic management of grants, loans and financial aid for micro, small and medium enterprises.
He said this was crucial to ensure the optimum use of resources without any overlapping claims.
The council also took note of the difficulties faced by the construction industry due to rising cost of materials, labour shortages and movement control.
"In view of this, the council supports recommendations by the Construction Industry Development Board (CIDB) to seek immediate and long term structural solutions for these issues," he added.
Muhyiddin also said Health Minister Khairy Jamaluddin had briefed NRC on the current pandemic situation, particularly the spread of the Omicron variant.
Although there had been an increase in the number of daily infections, he noted that steps taken by the health authorities, high rate of vaccination in the country and the implementation of booster shots, had succeeded in reducing the number of serious infections under Category 3 to Category 5.
Administration of booster doses among the youths and young children would also be stepped up, he said.
Muhyiddin also announced the appointment of Tan Sri Dr Sulaiman Mahbob as chief executive officer of the NRC secretariat effective Feb 1 and among his tasks were to draft the direction and strategies of the National Recovery Plan 2.0.
Technavio report titled Global Slot Machine Market 2020-2024 that global slot machine market size is expected to grow at a 15% compounded annual. Growth rate with a US$14.09bil revenue during the forecast period of 2020-2024.
interesting technical trends. sideway for more than a year after major downtrend started back in 2017. Looks like 0.11 to 0.115 seems to be the bottom and change in trends. keeping in watchlist for trading opportunities soon :)
Casino electronic games and services supplier RGB International Bhd narrowed its fourth-quarter loss and its full-year loss, judged year-on-year, reporting improved earnings.
The group?s fourth-quarter loss was marginal, at MYR76,000 (US$18,116), compared to MYR6.4-million a year earlier.
Malaysia-based and -listed RGB?s full-year loss was MYR9.8 million, versus MYR28.7 million the year before.
The firm nonetheless noted: ?We expect market conditions to remain volatile for 2022, due to the uncertainties amid the fluidity of the Covid-19 situation, especially in the countries where the group operates.?
But it added: ?Barring unforeseen circumstances, the group foresees a relatively stronger recovery in the gaming market than the previous year and therefore a better performance for year 2022.?
No dividend was recommended for the financial year ended December 31, 2021, in the group?s Friday filing to Bursa Malaysia.
Fourth-quarter revenue was down 4.4 percent year-on-year, to MYR56.6 million, versus MYR59.2 million a year earlier.
Revenue for the year was actually up 13.2 percent from the print year, at MYR216.3 million.
Group earnings before interest, taxation, depreciation and amortisation (EBITDA) were mostly derived from its three main business segments: sales and marketing, technical support and management, and engineering services.
Fourth-quarter EBITDA rose 84.0 percent year-on-year, to MYR14.3 million.
Annual group EBITDA was nearly MYR45.4 million, up 56.7percent on the nearly MYR29.0 million achieved in 2020.
RGB?s management said in its commentary: ?The revenue of the technical support and management division decreased by 19 percent? year-on-year in the fourth quarter, ?mainly due to resurgence of Covid-19 cases which resulted in more intermittent lockdowns during the current quarter.?
But it added that the loss before tax for the fourth quarter had ?reduced by 57 percent? year-on-year, as the firm ?achieved better operational efficiency in the technical support and management division.?
Maintain “overweight” on the gaming sector, with the casino subsector expected to deliver robust capital gains and significantly outperform the FBM KLCI throughout 2022. Our top picks are Genting Malaysia and Magnum. The outperformance will eventually filter down to smaller-cap reopening beneficiaries such as RGB International Bhd (“buy”, 15 sen target price).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MK76
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Posted by MK76 > 2021-10-11 11:01 | Report Abuse
U r right @ming. Huat together