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Dakdek, seems like you successfully took profit at 145.
congrats for the earning
while many external factors around causing the market sentiment weak and continue to be red, more than 30% of earning during this tough moment is considered very decent earning
congrats to (1) shareholders that earned it (2) shareholders that added positions :) Manage it well and looking forward to the high of 2022 to be the low of 2023.
thanks to the management in creating values to the shareholders via share buybacks; putting the cash to good use. The share buybacks have not been seen for a long time :)
welcome back, Lee Sambibilec. My personal opinion - 0.145 is not a concern for me :) It is a matter of how high it will go based on the strong recoveries in regions where RGB's clients are operating. If I may - FY2018 SSM revenue was approx RM260M, and FY2019 SSM revenue was approx RM220M. FY2023 SSM started with a bang with RM270M bulk orders to be delivered :) balance sheets looks good and healthy, strong recoveries, slots refresh cycle in place and increasing values for shareholders :)
just my opinions and could be wrong - I have been holding it for two years :) and adding positions gradually. it has been a worthwhile investment. the asset pricing has started recovery phase and looking forward to pre pandemic range of 0.2x range. thereafter, another exciting phase to price in the fy2023 orders which should bring it to 0.3x range. takes time and glad that management initiated share buybacks too. have faith in your own plans and manage it well.
recovery mode indeed and best of all, Mgmt pared down it's borrowings so much so that it's the lowest by far. All geared up for stronger earnings in fy23 and fy24 :)
depends on your plans, kho lianshan :) there are two things happening now (1) possible slots refresh cycle as casinos returning to pre-covid gross gaming revenue and IBs projecting strong numbers for these casinos for the next two years (2) RGB Mgmt did really well during COVID by paring down its debt and have a look at its debt now comparing to it's cash balance :)
the financial state of RGB at present moment versus pre COVID are totally different; impressive if you will :) not to mention the order book from Macau subsidiary. Commendable action from the mgmt in managing the debt and it is in good position to sail through high interest rates environment; negligible impact! A higher numbers in terms of revenue and profitability is expected as we move to FY23 onwards as these order have to be delivered by then.
Hello Nick, nothing to do with China reopen policy yet :) The numbers are probably driven by strong recovery in Philippines where RGB has a big market presence from its geo segment perspective, sales of machines & lease of machines. I have also noticed its clients in other regions like Cambodia are reporting good performance from a recovery perspective. Its recovery and clean balance sheet that perhaps driving the move. The good news - the Macau subsidiary bulk order is a real deal as RGB has received deposit for these machines. I am not sure where are these machines going to be installed next year though :) If it is in Macau, that will be good for the particular geo segment which will still contribute to overall good FY23 performance for RGB. And come next year - CNY and Macau covid loosening policies, that will further boost the results :)
You are welcome, Seow Lee Koon and WiL Wong. Just sharing what is available from the report or industry. There was an article quoted by TheStar on RGB returning to profits this year back in Jun'2022 which is a good start for new shareholders to understand a bit about its business segments. Secondly, RGB's report is pretty good as in you can follow the trend of its EBITDA which has been showing good progress even during Covid while the share price continued to stay low :) And the notes sections tends to be transparent - the deposit for the RM270 mil bulk order received was mentioned in there in pg8. Thirdly - you can follow the overall industry trends from gross gaming revenue Asia; including the geo segments where RGB is operating. I can share both TheStar article link and the gross gaming revenue Asia link for your reference. Hope this helps.
congrats to all long term shareholders :) almost there to be fully priced in for FY2022 recovery. Looking forward to the 4qfy2022 qr in the following month. thereafter, exciting fy2023.
Another new 52 weeks high :) Getting more attention including coverage from analysts. Cheers to all long term shareholders and it's definitely a worthwhile wait.
Congrats, lee Sambibilec and all long term shareholders. It has finally completely priced in the full recovery to pre COVID :) A worthwhile wait! Cheers and this will be my final update/comment at RGB :)
