Background ---------- RGB International Bhd. (RGB), formerly Dreamgate Corporation Bhd., is a Malaysia-based investment holding company. The Company, along with its subsidiaries and associate companies, operates in four segments: sales and marketing, technical support and management services, leisure and entertainment, and others. The sales and marketing segment involves sales and marketing of gaming and amusement machines and systems and related products. The technical support and management services include the technical support, maintenance, and management of gaming and amusement machines and equipment. Its leisure and entertainment segment involves leisure and entertainment activities. The Company's others segment includes renting of property, manufacturing, research and development. RGB operates in Malaysia, Cambodia, Lao PDR, Vietnam, Singapore, the Philippines, South Korea, Macau SAR and Japan
Latest Balancesheet ------------------- Total Non Current Asset = 114.5mil Total Cash&Bank Balance = 72.0mil Total Current Asset = 162.2mil Total Equity = 163.7mil Total Curr Debts = 82.7mil Total Non Curr Debts = 30.6mil Current Ratio = 1.96 Quick Ratio = 1.80 NTA = RM0.11
RGB past earning shows that the company suffering losses in FY2010 and eventually turn profitable on FY2012, since then company continue to make profit and FY2014 register a strong grow of profit and revenue, RGB is aiming to grow both its profit and revenue by in FY15, driven by the sale of 1,500 gaming machines, the placement of an additional 500 Bingo machines in the Philippines and its 7,000 machine concessions across Asia. RGB plans to enter the gaming sector in Nepal, spurred by the introduction of a new charter on gaming rules and regulations that will help attract more gaming operators into the country. Apart from Nepal, RGB is also eyeing the South Korean market, where Jeju Island has the potential to be an attractive gaming and tourism destination. RGB’s compliance with the US Foreign Corrupt Practices Act (FCPA) since July 1 2015 has enhanced the group’s reputation among its clients — the gaming operators, giving it the credibility to drive expansion into developed gaming markets such as Macau and South Korea, which it had difficulty penetrating in the past.RGB’s markets have typically been confined to the Philippines, Macau, Cambodia, Singapore and Malaysia. With that (FCPA compliance), it is able to do bigger things with bigger companies that want to expand into Asia, to be their strategic partner.
H1FY2015, RGB EPS already 0.9c, according to the management, H2FY2015 will be stronger than H1FY2015 due to likely of higher sales of machines.
Projected FY15 EPS = 1.8c (using worst case scenario where H2FY2015 result same as H1FY2015) Projected FY15 PE = 15 (given high ROE , strong positiv cash flow and strong net profit margin) Projected Target Price = 27c
The sad thing is many bought it at high like 0.17,0.18. Now selling it to get out. Only to find out next yr it hit record high again at nearly 0.30 level I guess???
The Dato said 0.60 by 2018 and that was in February 2015 when the exchange rate was RM3.56 : USD 1.00. The 0.60 target should come earlier now that the rate is USD4.30.
niatfaez my price is 60+ cts that was long time ago, i dotn dare to avg down even now is so bulllish. just waiting to sell at better price and cabut. if 2018 can reach 60 cts ill just keep it
If the manabement can come back after a slowdown and get the company up, it deserve my respect at least. And ithink many will have high respect on them.
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....
soso9999
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Posted by soso9999 > 2015-10-30 15:08 | Report Abuse
ahhhhhh