Posted by Tibbers > 2023-06-08 09:42 | Report Abuse

May hit 0.30 in near time, what a big volume coming in since 6 jun.

Posted by Why2TellMeWhy > 2023-06-08 11:50 | Report Abuse

Thank you RGB for the recovery! Thank you Ah Khoos! I wish everyone huat yeah. I sold all my free tickets for RGB. Going to hoot other recovery counter.

Posted by sigma404 > 2023-06-08 16:42 | Report Abuse

break out otw

Posted by chillibumbum > 2023-06-09 20:24 | Report Abuse

everyone here thinking 0.30 why can't it be 1.00? this is too undervalued. all palm oil companies are replanting it is the same for casino. they are all reinvesting in new machines. This is one of the few companies that will do really well in 2023. put your money here. RM 1.00 is not crazy. Management is smart, conservative and experienced.

Posted by hom3boy > 2023-06-10 16:26 | Report Abuse

realize ppl shout 0.30 is good enough for him but ended sold all at 0.27

Posted by Tibbers > 2023-06-12 13:21 | Report Abuse

haha 0.320 lets go before pull back.

Posted by PennyStock123 > 2023-06-12 13:32 | Report Abuse

strong volume....0.320....no problem...

Posted by PennyStock123 > 2023-06-13 09:44 | Report Abuse

Wah! Dato Seri Chuah.....just started buying....

Posted by Tibbers > 2023-06-13 09:52 | Report Abuse

0.320 -> 0.350 -> 0.420

Posted by Tibbers > 2023-06-13 16:53 | Report Abuse

lets see if can go 0.320 to 0.350 this week :)

Posted by chillibumbum > 2023-06-14 09:04 | Report Abuse

you all see JP Morgan released report on RGB today...very good getting attention from international audience

Posted by stonemaster > 2023-06-14 10:08 | Report Abuse

@chillibumbum, can you please share the link?

Posted by chillibumbum > 2023-06-14 13:44 | Report Abuse

RGB International
Hoping to ride Philippines's gaming boom - Company
Visit Note 14 June 2023
RGB distributes gaming products, such as slot machines and baccarat, to casinos
and resorts in the Philippines (73% of FY22 revenue) and Malaysia (27%). It has
large exposure to the potential US$10bn GGR market in the Philippines, as it is
the distributor for two main slot machines suppliers (Light & Wonder and
Aristocrat) in the Philippines. FY22A FCF yield was 14% and it has been net-cash
since FY15. 1Q23 net cash of RM101mn is 23% of current market cap. RGB has
rallied 50% YTD (vs. KLCI -8%) and trades at 1yr forward P/E of 9.5x and 8.5x
on ex-cash basis.
• Exclusive distributor in growing addressable market. RGB hopes to benefit
from the casinos scheduled to open in the next few years as well as from the
privatization of 41 casinos by the Philippines gaming regulator (PAGCOR).
Coupled with the introduction of PIGO, which offers remote access live via slot
machines for the domestic market, Philippines’s GGR is estimated by GCG
Gaming Advisory Services to grow from the current US$3.3bn to US$10bn by
2027. New casinos and integrated resorts have been in talks with RGB to either
purchase or lease their machines as RGB is the exclusive distributor for the
popular gaming machine Light & Wonder (LNW US) and Aristocrat (ALL AU).
These brands dominate 70% of the gaming machines in the Philippines. RGB
also provides turnkey technical set-up for new venue, which made up 35% of
group revenue.
• Strong orderbook pipeline, further cost optimisation and strong FCF
generation. RGB has won an order to deliver 2500 additional machines solely
to Solaire North in 2023, and is currently in talks with IEC (1009 HK) for its
new orders in the Philippines. Further cost optimization is to be implemented,
given high admin expenses (60% of gross profit) and effective tax rate of 60%
arising from non-deductible expenses. RGB has been a net-cash company since
2015, as it reduced its borrowings and completed its capex cycle. Its FY22A
FCF yield was 14%.

Posted by chillibumbum > 2023-06-14 13:45 | Report Abuse

Key takeaways from the meeting
• Deeper penetration into the fast growing Philippines market from existing
clients. RGB supplies gaming machines to all the four large casinos in
Entertainment City, which made up 80% of 2022 casino GGR in the Philippines.
It has also secured deals (2500 machines) with Solaire North, which is scheduled
to open in 2H23. Bloomberry has also revealed its third casino to be in Cavite.
Most new casinos are looking to order 2k new machines and RGB hopes to
capture the new orders, given its exclusive distribution rights and after-sales
service technical support.
• Next replacement cycle is near. Slot machines are typically depreciated over 5-8
years and casinos typically change their machines when the older machines start
dragging the floor. The last time when Philippines casino operators retired their
older machines widely was 6-8 years ago and it is near the next replacement
cycle. Moreover, PAGCOR announced that it would improve the technical
standards for electronic gaming machines (EGMs). Once finalized and approved,
these technical standards would be used for all EGM manufacturers and casino
operators prior to importation and deployment of machines on the gaming floor.
As borders reopen, and a new cycle of equipment upgrade sees regional casinos
incur 2023 capex higher than pre-Covid, RGB hopes this could potentially
increase its orderbook.
• RGB to benefit from new casino operators in the Philippines. International
Entertainment Corporation (1009 HK) received a provisional license for Manila
and it is scheduled to open in 2024/25. It has decided to purchase 382 slot
machines from RGB to expand their use in its Manila casino. Meanwhile,
Suntrust is opening another casino in the Philippines too. RGB’s addressable
market has also expanded with the introduction of PIGO, whereby operators
could offer remote access gaming via slot machines in their properties, thus
further increasing demand for gaming machines.
• Strong demand from markets outside the Philippines. RGB is expanding
preventive maintenance with major customers, such as Genting Malaysia and
possibly in the Philippines. Meanwhile, Thailand and Vietnam could be the next
targets, as the countries are pushing to set up new casinos. RGB is also looking to
penetrate into Japan and the UAE.
• Signed distributorship for Modulus Casino Management system and supply
of hardware. RGB is inventing the systems for the Asia market and currently
testing the systems across TSM sites in Asia. It is looking to roll out potentially
2000 slot machine systems in 2023 and 2024. This could allow RGB to earn from
both the manufacturing services and royalty fees.
• Further cost optimisation. RGB’s marketing expenses have historically
accounted for c.50% of its gross profit, thus eroding profitability. But 1Q23 saw
such expenses fall to 39% of gross profit. RGB stated it will be more stringent on
cost controls to drive returns, especially after its recent management changes.
• Net-cash since 2015 and strong FCF generation, alongside aggressive debt
repayment. RGB has reduced its borrowings and has been a net-cash company
since 2015. It paid off debts from FY19 to FY22, the COVID-19 pandemic years.
As of 1Q23, RGB had no debt and the RM101mn net cash (23% of market cap)
implies 14% FCF yield.

Posted by sense maker > 2023-06-15 09:20 | Report Abuse

Next quarterly eps should be around RM0.09. This share is moving towards RM0.40.

Posted by Why2TellMeWhy > 2023-06-15 11:22 | Report Abuse

hom3boy - sorry bro. I am holding RGB tickets for a long time. hehe. When Ah Khoo was bashing RGB, I was collecting at 11 to 12 cents. I am very happy RGB doing well. Gambateh bro. See you huat! I switched to another recovery counter and parking inside. Cheers.

Posted by stonemaster > 2023-06-15 13:49 | Report Abuse

@Why2TellMeWhy, mind which recovery counter you went in?

Posted by Why2TellMeWhy > 2023-06-15 15:11 | Report Abuse

@stonemaster - i am inside parkson.

Posted by PennyStock123 > 2023-06-19 11:51 | Report Abuse

Dato Seri Chuah.....buying more....

Posted by Tibbers > 2023-06-19 15:09 | Report Abuse

wow whos buying alot at 0.295 & 0.30 lol. saw the share lots keep getting clear slowly.

Posted by Michael Kwok > 2023-06-19 15:16 | Report Abuse

Im done here again.30 cents.bye bye.
19/6/23 3.15pm

Posted by PennyStock123 > 2023-06-19 15:47 | Report Abuse

0.320 coming

Posted by PennyStock123 > 2023-06-20 15:00 | Report Abuse

Nice

Posted by Tibbers > 2023-06-20 15:01 | Report Abuse

Thanks RGB, 0.24 - 0.32, 30% locked profit. if nice pattern again, will find chance to enter again. next, 0.36 -> 0.50 -> 0.60 cheers RGB.

Posted by James_Bond > 2023-06-20 15:07 | Report Abuse

Go go go RGB! You can go better than this…

Posted by Bullboy > 2023-06-20 18:44 | Report Abuse

Take some coffee money 1st, waiting to reenter again...

Posted by duriand24 > 2023-06-21 15:02 | Report Abuse

RGB rising star

Posted by stonemaster > 2023-06-21 16:50 | Report Abuse

Closing high! Good luck all!

Posted by chillibumbum > 2023-06-22 17:03 | Report Abuse

above 0.50 by end July is possible

Posted by Tibbers > 2023-06-23 15:42 | Report Abuse

support 0.310, lets see if price can maintain above 0.310 after ex date dividend.

Posted by wh1881 > 2023-06-25 19:31 | Report Abuse

I think the dividend is just peanuts.. It depends on how people look at the future growth.. To me is more and more casino is opening and rgb is one of the leader is slot machines...prospect should be good for future.. My view

Posted by Tibbers > 2023-06-27 09:18 | Report Abuse

Support 0.31, if can consolidate around this price range even after ex date. probably can continue up else, run first.

Posted by Tibbers > 2023-06-30 13:19 | Report Abuse

support 0.320, resistance 0.350. Break 0.35 direct go to 0.40

Posted by Tibbers > 2023-07-03 11:44 | Report Abuse

Nice BO, hope can sustain.

Posted by wh1881 > 2023-07-04 18:53 | Report Abuse

https://theedgemalaysia.com/node/672569

Posted by frankco > 2023-07-04 23:04 | Report Abuse

A bright future seems just starting..

Posted by sense maker > 2023-07-05 07:32 | Report Abuse

RM100m operating cash inflow for 2023. If sustainable as seems likely given the explosion of IR, one may use a multiple of 10, and then add back the RM100m cash already in hand, you get RM1.1b. This share can still increase 100% from the current level.

Posted by chillibumbum > 2023-07-05 09:55 | Report Abuse

yes even 10 PE is conservative. on good year maybe more like 15 PE

Posted by Tibbers > 2023-07-06 15:42 | Report Abuse

second round

Posted by hom3boy > 2023-07-07 06:52 | Report Abuse

Appoint equity expert as part of team member.
should be planning for something

Posted by Tibbers > 2023-07-10 11:14 | Report Abuse

bad candle today. might go lower now

Posted by sense maker > 2023-07-10 18:32 | Report Abuse

Targeting RM600m sales in 2023! More than 100% increase over 2022! RM0.04 EPS is possible for 2023.

Posted by scjm > 2023-07-11 09:33 | Report Abuse

ala gain take first ...wait for pullback to reenter

Posted by sense maker > 2023-07-11 10:41 | Report Abuse

RM100m operating cash flow a year in 2023, selling to you for RM534m, meaning a multiple of just 5.34!

Posted by wh1881 > 2023-07-11 17:44 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3368501

Posted by Tibbers > 2023-07-12 15:14 | Report Abuse

nice candle, even more nice if tmr another green candle n above 0.380

Posted by wallstreetrookieNEW > 2023-07-13 15:02 | Report Abuse

SELL this RGB

Posted by wallstreetrookieNEW > 2023-07-13 15:02 | Report Abuse

Head of JP Morgan joining the board.

But, so what?

Posted by wallstreetrookieNEW > 2023-07-13 15:03 | Report Abuse

The company is just a distributor of products made by Light & Wonder Inc. Small client base, and nothing exciting

Posted by frankco > 2023-07-17 17:04 | Report Abuse

https://agbrief.com/news/malaysia/10/07/2023/rgb-plans-to-sell-more-4000-gaming-machines-this-year/