Agree with Ming. I feel this QR is just acceptable, neither good nor bad. Without the foreign exchange lost 3.5m, it should turn to profitable QR. It is a good sign to see TSM lost has drop significantly. RGB rent slot machines to casino and in return, RGB get the share profits. this is how TSM revenue come from. During covid, TSM suffer a great lost because it need to do maintenance on machine and have no profit sharing from casino. Now that most country are reopening like pre-covid, TSM will eventually recover and become profitable when more casino are allow to operate. It may take another 1 or 2 QR. So, patient is the key and ignore noises.
Philippines seeing strong recovery. Can be good news and bad news for RGB. Good news will be opportunity for SSM to improve. Bad news will be more competition as more players eyeing the Philippines market.
ada chance fight geh. You see the latest report - $12 mil borrowings, $50 mil cash, $39 mil retained earnings, $50 mil revenue per quarter and share price selling at 0.105 to 0.11 cents.
RGB achieved record revenue on 2018 is 379m stock price is above 0.2 after the issue of bonus in 2018. 270m of sales contract is equivalent to 71% of the peak revenue in 2018. If the net margin can maintain at 9% of the past historical record, estimate net profit will be minimum 24m and this is excluding other sales.
wow... SBB! gogogo. Company is willing to SBB and a sign of confidence. Wait for you to reflect the value from your Macau orders. 8% net profit, PE15 estimate is good enough for me.
genting singapore earnings and revenue doubled. not a direct comparison but isnt it obvious that casinos are in recovery towards pre pandemic? RGB Macau's bulk orders itself is already 270M; excluding TSM. lets go higher qoq and yoy, RGB!
Last peak 2017, now 2022, 8 years ago. the fair price without any uncertainty supposing this company should worth about 0.3x. But due to company lack of innovation ideal.... market doesn't look good on it. the price goes down from 2017 even good result with div paid. Anywhere its a NET cash Company. We look forward to See IT BETTER and BETTER
8% net profit and PE15 is good for me. I think it's a fair price target. Minimum revenue for 2023 is 270 million excluding TSM. If another bulk orders contract awarded to RGB, it will send it's revenue to highest in history.
Casino electronic games and services supplier RGB International Bhd posted a profit of almost MYR1.3 million (US$288,800) for the three months to September 30, it said in a Wednesday filing to Bursa Malaysia. Such profit compared with a loss of just below MYR2.7 million in the second quarter.
In the third quarter of 2021, the firm had posted a loss of approximately MYR5.6 million.
As in its second quarter results, RGB said that “the tourism and hospitality industries are expected to continue recovering, aided by gradual easing of cross-border travel restrictions especially in ASEAN countries.” The latter was a reference to a club of Southeast Asian nations.
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 the year 2022.”
The third-quarter result was on revenue that rose circa 39.8 percent quarter-on-quarter, to MYR70.3 million, relative to MYR50.3 million in the three months to June 30. The firm had recorded revenue of approximately MYR70.1 million in the third quarter of last year.
RGB said in September that a wholly-owned unit, RGB (Macau) Ltd had “to date” won “new bulk orders” worth MYR270 million from “an existing client in the sales and marketing segment”. The firm said at the time that the revenue from the deal would be recognised “upon delivery” of the products to the customer, which was likely to be next year.
The company operates three main segments: sales and marketing of gaming equipment; technical support and management; and engineering services.
Group earnings before interest, taxation, depreciation and amortisation (EBITDA) for the three months to September 30 were just above MYR14.4 million, an increase from the MYR10.7 million in the second quarter. The figure was up 79.7 percent in year-on-year terms.
Sales and marketing revenue jumped by 56.0 percent quarter-on-quarter, to MYR44.1 million. It was however down by 22.4 percent in year-on-year terms.
Technical and support management revenue was up, at nearly MYR25.7 million, versus MYR21.5 million in the second quarter and MYR13.1 million in the third quarter of 2021.
Engineering services revenue declined sharply quarter-on-quarter, at MY313,000, compared to MYRR546,000 in the three months to June 30. Such revenue had stood at MYR77,000 in the third quarter of 2021.
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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....
bullrun1985
1,271 posts
Posted by bullrun1985 > 2022-08-29 19:49 | Report Abuse
Cash improve by 20 mil