RGB shinning gems in the stock market. Kindly review its 2015 FY report total generated PBT 25 millions. Compare to the other company which shares price above 0.500, most of them didn't perform as well as RGB. Therefore i kindly recommend u guys to take a deep look into this shinning gems. Recommended Buy price 0.160 - 0.170 Target 0.220 Price to be stop Loss 0,145
KUALA LUMPUR (March 3): RGB International Bhd, which managed to turn its business around in the financial year ended Dec 31, 2012 (FY12) after four consecutive losing years, is now set for early redemption of its RM17.35 million commercial paper (CP) by mid-March, using internally generated funds.
As at Dec 31, 2015, its outstanding CP and medium-term note (MTN) is RM16.7 million (with a 7% interest per annum) and RM10 million (with a 5% interest per annum) respectively.
In an analyst briefing today, its chief operating officer Datuk Steven Lim said the redemption of the entire CP by the middle of this month will help the group save RM640,000 in interest.
Since returning to profit in FY12 with a net profit of RM6.04 million, RGB had consistently been in the black. Though earnings slipped 1.2% to RM5.97 million in FY13, they more than tripled to RM18.16 million in FY14.
In its latest fourth quarter ended Dec 31, 2015 (4QFY15), the group saw its earnings rise 42.3% to RM4.26 million from RM2.99 million a year ago, as revenue improved 15.1% to RM64.73 million from RM56.25 million.
As such, its FY15 net profit improved 12.6% to RM20.86 million from RM18.53 million in FY14, while revenue rose 8.6% to RM233.01 million from RM214.65 million previously, mainly due to a better mix of products sold and favourable impact from foreign exchange rate.
Today, Lim said RGB's sales and marketing (SSM) division's 15% profit before tax (PBT) growth for 2015 is due to sales of a better product mix with better profit margin, and favourable impact from foreign exchange rates.
As for its technical support and management (TSM) division, the 34% PBT growth was attributed to better TSM performances across all regions, additional revenue contribution from new outlets and the favourable impact from foreign exchange rates.
The group is aiming to sell 1,300 units in FY16, in comparison to the 1,230 gaming machines sold in FY15.
Focus will be on the replacement market, especially in countries like the Philippines, where the gaming market's competition is very high. In FY15, 80% of the 1,230 gaming machines sold were replacement machines while the remaining were new machines.
"In competitive markets, the operators tend to change machines more frequently," Lim said of the prospect on replacement machines.
The group's SSM has been awarded exclusive aristocrat distributorship in Laos and Goa as the leading provider of gaming solutions there, which are new markets to RGB.
The division will also be launching new products to local clubs in Vietnam and Singapore in April this year. New table game products will also be introduced in the second quarter of 2016.
"Additional concessions in Nepal are in the pipeline and we will explore more TSM opportunities in Goa and Vietnam," said Lim.
bruce5113, I already entered, no hope also must believe got hope la. lol. I dun target for a lot, maybe a 2 cents gain enough for me "pick dead chicken"
This counter gets punished along with other export-oriented counters(also bad market sentiments) as ringgit gets stronger recently. It presents a good buying opportunity at current price if you still believe in its long term prospects.
During bad times, prices could overshoot on the downside. But when market turns better, prices will readjust upwards. It is during bad times that we can find value buys.
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....
unknown1
19 posts
Posted by unknown1 > 2016-03-02 10:49 | Report Abuse
RGB shinning gems in the stock market. Kindly review its 2015 FY report total generated PBT 25 millions. Compare to the other company which shares price above 0.500, most of them didn't perform as well as RGB.
Therefore i kindly recommend u guys to take a deep look into this shinning gems.
Recommended Buy price 0.160 - 0.170
Target 0.220
Price to be stop Loss 0,145