大户压价，但散户却没有预期般惊慌抛售，这样调整非常健康。希望这周能在0.19~0.195筑底成功，打下坚固的基础。

Brother VenFx , 见笑了。Still early to judge. If RGB can stay above 0.20, than only i can say it is at the up trend wave. If fail, it just only a technical rebound. Anyway, i pick this share as long term investment.

Thanks for kcchong's advice. Including the change in working capital into FCF will finally make you more confuse & make wrong conclusion when analyse company actual FCF status.

Inventory, Recevable and payable may have big change each year. Including these amount in calculation will finally show inconsistant amount of FCF each year. In other words, the FCF amount you calculate will show big vary each year.

When this happened, it is confusing to analyse FCF for such campany. The actual company's FCF performance is hidden behind by using this method. The only way you can do is to average up pass few years FCF.

When doing average up, actually you are aware of the inconsistant of the change in working capital. The average of "change in working capital" each year, plus & minus add up will eventually go to "0" or increase just a bit as you mention due to company grow, need more inventory. The raw inventory grow each year will be small significant.

When do averaging, it is more inacurate methode due to pass 5 years FCF is far different from now. More over you can't even see the trend of FCF increasing each year till todate. Whereby the increasing trend of FCF is the most important to access a company performance.
13/10/2016 08:15

Gogogo,you also can achive 荷兰客 level one day....

Hopefully everybody can make money. But 50% is not my target lah.... that is 荷兰客栈船长target. I have no target one.

I respect KKY 因为他作慈善，but not his investment.

OTB flags me for talking reality? Try to find out the reality.

Cold Eye even wellknown in China & Taiwan

KYY is a speculator. He is famous only in i3. Cold Eye famous in Malaysia since 30 years ago.

冷眼 = 冯时能 is far famous then KYY. Cold Eye is a real investor who invest for pass 40 years.

荷兰客 too many of them lah....don't know which one. I only know 荷兰船长。。

KYY never buy when price is low. He only buy at the higher price. Only Cold eye sifu will buy when price is low.

I know wo, is KYY kah?

Apa project? 荷兰客栈is siapa here？

This RGB must ask Koon Yew Yin to buy........

Auto link...just wait for few hours i think.

谢谢Ehome兄帮我澄清我的身份。。。I'm not paperplane multi-id.

Hock-san, 有的

Paperplane, you know this gay? Seems like got mantal problem leh....

是的我也觉得接下去，钢铁股尤其是中钢会很不错，竞争对手都没有了

做么不好好学投资赚钱，却在这里浪费时间说不3不4? 是分享还是骗人一看便知道了呀。这样低的价钱买入是骗人，难道要叫人家买3块钱高价的gadang，才是对的? 是这个人是马来仔吗?

中钢应该还能跑，不过我不喜欢高价买，只因风险

我想是有可能的。只要有发展计划，但是给高的TP,也需要给管理层时间。

还有这股的成长会比较慢，要快成长需要更多的Capex.

Sorry, I'm not paperplane. Many people here know me. 我是大都督。
Ofcouse you don't need to take my advice. You have your choice.

毛大，这股除了股数太多，大股东股权不集中以外，暂时也没有什么坏处。散户在之前0.19~0.20中套，所以这个阻力比较强大。如果能破0.20然候站上此价位，意味着有大股东介入。我是期望只要业绩逐渐进步，一定能吸引长期投资者入场。

New Casino named Okada Manila(USD2b = RM8b) is going to have soft launch on 15 Nov 2016. Do you think new president will control Philiphine casino business? Another 2 big casino to come Solaire Quezon & Resort World Bayshore.

他們做醬多分析，沒理由讓你先吃吧。。。。+1000

Ctychew, Actually invest in Genting Malaysia is much riskier than RGB in term of gambling Licence. In Malaysia, our gambling licence is issued by Kementerian Kewangan Malaysia whereby the licence have to renew yearly. Do you see the risk? 在大马国会或宪法内，并没有说明或保证赌博执照可以每年被更新。在菲律宾和新加坡，赌博执照是国会通过，制定宪法后，Licence才发出去的，而且是给与20~30年经营。像新加坡是50年经营，你说那个国家会比较安全？

When you want to buy shares, study company fundamental, understand company future, try to find out whether the company's profit will grow is much important than wasting time to look for TP. Because when company profit gradually growing, share price soon will reach higher. That's only the matter of time.

As I see, you are so keen to know the TP, I think you are always refer to investment bank articles and you are too rely on their TP. Let me tell you only investment bank analyst would like to give TP. TP is the reference for those who didn't study but still want to buy shares. When gadang at price of 1.10, not even one article write for this counter. Because that's the time big player collecting. When gadang price reach 2.50 where big player are full, several investment bank started to publish articles with TP. Please understand what were their motif behind.

I think Younginvestor92 don't understand Chinese lah....Only understand data inside the table.

Younginvestor92 应该读不懂华语吧。现在高价才来买Ekovest, gadang, gkent？我gadang买是在RM1.10, Gkent买在1.3的价位。当时可能你还不知gadang，Gkent这支股？ Ekovest就不买了。买股是要低价买，高价买股能赚多少？我不会高价买股，看得懂这篇文章的含义吗？就是要告诉大家，买股要先考虑风险，做好风险管理才买股。

再让你看看冯老先生的教诲吧，也不懂你看得明白吗？

冯时能 ：股票的价格，是跟公司的盈利成正比的。就是说当这个公司的盈利一直上升的时候，股票的价格迟早会跟着上。当然有时候时间上有差别，但是如果这个公司的盈利是一步一步上升的话，这个股票迟早会跟着上升的。所以与其去预测这个股价什么时候会起，不如研究这个公司的盈利会不会增加，或有没有前途。如果有前途的话，你低价的时候买进，拿着它作为一个长期投资，你赚钱的机会就很高。

冯时能 ：真正赚钱的是那些，是那些能够从基本面，经过非常深入的研究、非常严肃的考虑，然后低价买进。。。听好。。。低价买进好股长期持有的人。这种人才是股市里面的长胜军。

Benjamin，VenFx，这股还有很长的路要走。公司的盈利绝对是一步一步来的。不像其他行业，盈利可以一下冲上来。目前分析的只是账面情况，strong finance position 是投资基础，底线是不会倒，让投资者安心投资。目前投资卖点只能说是从坏变好。更重要的还是要分析公司接下来这几年的业务发展，到底能够走多远。还是保持现状？我也还在收集资料中。。。。

因为你收费，我们才确认你的专业

Jian, RGB can consider as a long term investment counter. As long as it's business is on the right track, it will continue to create values. Previous years, we noticed that profit grow is a bit slow, but this year 2016, 30 percentage profit grow is projected based on current business progress. Growing speed will accelerate even more in 2017, especially 2018.

我无法预测RGB未来股价能去到多少，或是股价什么时候会起，因为这是没有意义的。我们应该深入研究RGB的盈利未来会不会增加，或有没有前途。

我放上冯时能冯老先生的教诲。。。。
冯时能 ：股票的价格，是跟公司的盈利成正比的。就是说当这个公司的盈利一直上升的时候，股票的价格迟早会跟着上。当然有时候时间上有差别，但是如果这个公司的盈利是一步一步上升的话，这个股票迟早会跟着上升的。所以与其去预测这个股价什么时候会起，不如研究这个公司的盈利会不会增加，或有没有前途。如果有前途的话，你低价的时候买进，拿着它作为一个长期投资，你赚钱的机会就很高。

Profit is just like temporary paper gain in accounting system.
FCF is the real earning where real money inflow.

Cheahsk, FCF has few methods of calculation. To decide which method to use is base on your own analysis purposes. For me, I will ignore the changes of working capital(Receivables + Inventories + Payable) because total amount of these 3 items will go plus & minus , year by year eventually the net effect is almost = 0

你说 ：这么多的 CASH 又无法赚钱，其实董事局就是失职。这也是为什么，公司的股价可以那么的低，因为董事局无法为股东创造利益，放任股价随意漂泊。

让我告诉你 ：公司是去年1st Qtr才开始变 net cash company. 因为 free cash flow强，所以短短一年半内流入7千万现金。公司已经开始给了2015年财年0.5分股息，2016年财年，公司还没宣布股息，但并不代表公司不会给。还有公司保留现金的动机是希望有朝一日能和其中一家casino JV。公司不在意只占10~20%股权，重要的是有了casino股权，可以100%把本身的machine放在casino。这样公司才有爆发性成长。

你的Study真的值RM250？？

你说 ：有一点是 RGB 的致命弱点，就是太多 CASH.我要表达的是，公司有这么多钱，放着定存又无法为股东创造利益。。。。

让我告诉你 ：公司的钱只有7~8百万放FD，其他的超过6千多万马币都是美元（美元千多万）

Golden Eggs, let me ask you....
1)How many RGB slot machine in the market? TSM & SSM?
2)What's the existing market & new market venture for RGB?
3)How many SSM machine sales from Jan 2016 till todate?
4)What's the US currency impact to RGB?
5)How is the Nepal TSM business now? How many machine operate now?
6)How about the India business?
7)How about TSM business in Singapore Clubhouse?
8)What's the income tax rate for this year?

Anybody ask for No.1 Cheapest have to pay RM250....lol

Golden Eggs, if you share the article for free, then is OK.
If you ask for money, then show us your ability first.
What's your analysis here all can easily get from Quarter report or Annual report. Not worth RM250.

我会提供一项分析公司的服务，一家公司的收费报告在 RM 250 左右，主要分析公司前景，基本面和估价，。。。。。。。


这家RGB公司的前景，你都还没分析到。
都还不知你功力如何，就要收费？

有花康折直须折，莫待无花空折枝。
Got flower pluck please pluck, don't wait until no flower pluck the stick.......hi.hi

9月压盘，10月平盘，11月拉盘。

Don't worry guys. No matter what we says here (good or bad), share price wont be affected. Even KYY give comment also wont be affected nowadays. Unless Kyy pump in money to goreng. I only give comment on what I know. Don't feel nervous. Everybody here need to understand this. we don't have such ability to push up & down share price. We are here just to give our opinions.

VenFx，thanks for not blaming me. I might say that this company will have better future next year. 但是必须忍受股价在近几个月的波动。

投资是看未来。如果投资只看过去的数据多么好多么好，这样是没有用的。因为你看到，别人也看到。全世界的人都看到。股价早就反映了。如果只看过去的数据来投资，很多人是富翁了。包括Fan Jenny也是富翁了。过去的数据要看，未来的情况也必须考量和预测。我是不是liar here不重要，重要的是自己在股市不要亏大钱。

Fact is fact....can not be twisted.