RGB INTERNATIONAL BHD

KLSE (MYR): RGB (0037)

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Last Price

0.315

Today's Change

+0.025 (8.62%)

Day's Change

0.28 - 0.315

Trading Volume

94,579,700

Financial
Market Cap

Market Cap

488 Million

NOSH

1,548 Million

Latest Quarter

Latest Quarter

31-Dec-2023 [#4]

Announcement Date

29-Feb-2024

Next Quarter

31-Mar-2024

Est. Ann. Date

26-May-2024

Est. Ann. Due Date

30-May-2024

QoQ | YoY

-202.08% | -387.28%

T4Q Result

Revenue | NP to SH

707,821.000 | 36,488.000

RPS | P/RPS

45.72 Cent | 0.69

EPS | P/E | EY

2.36 Cent | 13.37 | 7.48%

DPS | DY | Payout %

1.39 Cent | 4.42% | 59.12%

NAPS | P/NAPS

0.17 | 1.86

QoQ | YoY

-49.74% | 688.08%

NP Margin | ROE

4.56% | 13.93%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Latest Audited Result

Latest Audited Result

31-Dec-2022

Announcement Date

28-Apr-2023

Next Audited Result

31-Dec-2023

Est. Ann. Date

28-Apr-2024

Est. Ann. Due Date

28-Jun-2024

Annual (Unaudited)

Revenue | NP to SH

707,821.000 | 36,488.000

RPS | P/RPS

45.72 Cent | 0.69

EPS | P/E | EY

2.36 Cent | 13.37 | 7.48%

DPS | DY | Payout %

1.99 Cent | 6.32% | 84.46%

NAPS | P/NAPS

0.17 | 1.86

YoY

688.25%

NP Margin | ROE

4.56% | 13.93%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Annualized Result

Revenue | NP to SH

707,821.000 | 36,488.000

RPS | P/RPS

45.72 Cent | 0.69

EPS | P/E | EY

2.36 Cent | 13.37 | 7.48%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

-56.75% | 688.25%

NP Margin | ROE

4.56% | 13.93%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 3 / 4 75.00% 5 / 8 62.50%
Continuous Quarters Of Positive Profit 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 2 / 4 50.00% 2 / 8 25.00%
Continuous Quarters Of Dividend 2 / 4 50.00% 2 / 8 25.00%
Continuous Quarters Of Dividend Growth 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Adjusted Dps Growth 2 / 4 50.00% 2 / 8 25.00%
Average ROE 2.90% 1.69%
Average Net Profit Margin 1.51% -0.09%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 3 / 5 60.00% 3 / 10 30.00%
Total Positive Profit Years 3 / 5 60.00% 8 / 10 80.00%
Continuous Quarters Of Positive Profit 2 / 5 40.00% 2 / 10 20.00%
Continuous Quarters Of Profit Growth 3 / 5 60.00% 3 / 10 30.00%
Continuous Quarters Of Adjusted EPS Growth 3 / 5 60.00% 3 / 10 30.00%
Total Dividend Years 2 / 5 40.00% 7 / 10 70.00%
Continuous Quarters Of Dividend 1 / 5 20.00% 1 / 10 10.00%
Continuous Quarters Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Adjusted Dps Growth 1 / 5 20.00% 1 / 10 10.00%
Average ROE 2.82% 8.65%
Average Net Profit Margin -0.60% 4.61%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 707,821 707,821 707,821 306,450 346,349
NP to SH 36,488 36,488 36,488 17,201 8,464
Dividend 21,571 30,817 30,817 7,277 7,092
Adjusted EPS 2.36 2.36 2.36 1.11 0.55
Adjusted DPS 1.39 1.99 1.99 0.47 0.46

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -36.23% -9.30% 159.78% -38.61% -11.35%
NP to Owner -202.08% -387.28% 688.25% -393.67% -621.21%
Dividend 33.33% 0.00% 0.00% 128.57% 357.14%
Adjusted EPS -202.08% -387.28% 688.25% -393.67% -621.21%
Adjusted DPS 33.33% 0.00% 0.00% 128.57% 357.14%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% 104.37% 130.97% 0.00% 104.37% 130.97% 159.78% 104.37% 130.97%
NP to Owner 0.00% 331.07% 112.12% 0.00% 331.07% 112.12% 688.25% 331.07% 112.12%
Dividend -30.00% 204.16% 196.42% 0.00% 334.51% 323.46% 0.00% 334.51% 323.46%
Adjusted EPS 0.00% 331.07% 112.12% 0.00% 331.07% 112.12% 688.25% 331.07% 112.12%
Adjusted DPS -30.00% 204.16% 196.42% 0.00% 334.51% 323.46% 0.00% 334.51% 323.46%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
13 people like this. Showing 50 of 8,114 comments

Why2TellMeWhy

@Ah Khoo dowan come out chit chat. Haiya.

2023-11-03 18:57

pangolin

QR is coming arounf the corner , finger crossed then , possible back to 40c ?

2023-11-21 16:29

chillibumbum

50c coming...if more than 15m profit this q the new high base profit is proven

2023-11-22 23:36

Michael Kwok

Price 29.5
Answer to 2 people.duh.i doubt.but let see resistance 33 cents above must substain 2-3 days to confirm 2 people target.please as my followers to add in the number.
23/11/23 12.38am

Posted by pangolin > 1 day ago | Report Abuse

QR is coming arounf the corner , finger crossed then , possible back to 40c ?


chillibumbum

18 posts

Posted by chillibumbum > 55 minutes ago | Report Abuse

50c coming...if more than 15m profit this q the new high base profit is proven

2023-11-23 00:38

pangolin

0.6 cent div, not bad at all with 63 m np for 9 months

2023-11-30 13:47

WiseEye

Normal for stocks to pull back when reporting good profits. Happened to several counters in Bursa for the past week. General market sentiment is low.

But with good profits, this should be reflected upwards once the price consolidated.

2023-11-30 20:42

sense maker

Market doesn’t believe the profits are sustainable. The price seems to move before actual results are announced. The share price likely moves towards 20sen next year.

2 months ago

ceoshare

JAN 2024 may be got good news for RGB ... Just be greedy to buy this stock ..

2 months ago

WiseEye

Founder himself keeps purchasing own shares. Good indication for favourable outcome on his current personal legal issues and future business.

2 months ago

ceoshare

drop to 0.265.. no eye to see...

1 month ago

Simple Man

Technical view:
Last traded price – RM0.265
Target: RM0.36
Cut loss: RM0.25

1 month ago

pangolin

let rgb take a good break after 0.006 divdend for while , genting is uptrend now , wont be long for rgb as well ,

1 month ago

ceoshare

Will be another casino opening soon in Filipine by end of the year 2024. Any opportunities for RGB ?

1 month ago

ceoshare

THAILAND might be legalized Casino operation in this year. Any opportunities for RGB ?

1 month ago

frankco

technical breakout above the downward trend line for both daily & weekly chart .. Time to chip in & enjoy the rides towards the CNY with big Ang Pow !!

1 month ago

Taywalker

RGB chiong chiong chiong!

1 month ago

pangolin

Rgb ... back to bull run !!!! time to follow casino counter

1 month ago

ceoshare

Confirmed BULL RUN , just be greedy & wait for the fruitful RGB .

1 month ago

frankco

bull run resume

1 month ago

ceoshare

1TP 0.38 2 TP 0.45 3 TP 0.55

1 month ago

oskchoon

PE 6.72 , DY. 4.12% , ROE. 23.83% , NetCash..etc etc...

1 month ago

pangolin

sikit sikit .. lama lama naik bukit ....!!!

3 weeks ago

EngineeringProfit

I like 0.55....hehe

2 weeks ago

hhhiii123

finally moving, hehe

2 weeks ago

ceoshare

if this 4 days still mantain in 0.330 - 0.335 , this is very good sign

2 weeks ago

pangolin

casino counter like genting malaysia start to move upwards , rgb pls follow casino trend..

1 week ago

hhhiii123

Hehehe, next up more

1 week ago

ceoshare

very very soon 0.345... Hopefullly can hit Rm 0.35 very soon .....

1 week ago

EngineeringProfit

Big Bro Genting oso sinking...how to climb up?

1 week ago

Taywalker

RGB chiong chiong chiong!

1 week ago

PureInvest

RGB's Cash balance of RM176,778K/1,548,000K shares = RM0.114 per lot of RGB share.

RGB's share price of RM0.305 - RM0.114 = RM0.191.

So, when you are holding 1 lot of RGB at RM0.305, it actually means your net cost is RM0.191 per lot of RGB share.

Happy investing in RGB, and see how RGB share will progress from now.

IB gave TP of RGB at RM0.46.

1 week ago

cheoky

evil operator
serupa gaming machine

5 days ago

PureInvest

KUALA LUMPUR (Feb 28): Genting Bhd’s Resorts World Genting said it will close two of its three casinos effective Wednesday.

The gaming group posted the announcement on the Resorts World Genting website, stating that Genting Casino 1 (Circus Palace) and Genting Casino 2 (Hollywood) will be closed with effect from Wednesday.

The notice advised customers to instead proceed to SkyCasino for gaming, with a shuttle service to be provided to SkyCasino between 10am and midnight daily.

Resorts World said in a statement that the closure of certain sections of its casinos would be temporary to facilitate improvements to its facilities.

“In our ongoing effort to improve our operational efficiency and enhance the gaming and entertainment experience for our guests, we continuously upgrade our facilities,” it said.

Resorts World added that its gaming operations continue to operate as usual. However, the company did not provide a timeline for when the upgrade works will be completed.

3 days ago

Taywalker

Believe in RGB

2 days ago

PureInvest

RGB's Profit before Tax excluding Impairment Loss is RM9.597M.

Total Impairment Loss comes from Sale & Marketing (RM13.869M) and Technical Support & Management (RM21.234M) totaling RM35.103M respectively.

Hopefully, these Impairment Loss "Receivables" are able to be collected back in this year 2024 & so on.

From the 4th Qtr Report:

"The Group has adopted a more cautious and prudent decision in determining the impairment loss for
trade receivables, albeit the ongoing monitoring and close following up with the respective debtors.
Given the aging receivables, the Group has thus decided to kitchen sink these costs even though some
of the debtors have agreed to a repayment schedule. Consequently, the Group has made an
exceptional provision for impairment loss on trade receivables amounting to RM13.9 million and
RM21.2 million for Sales and Marketing ("SSM") and Technical Support and Management ("TSM")
divisions respectively for the quarter ended 31 December 2023."

Tax is RM4.964M.

After lessing out the Tax = RM9.597M - RM4.964M = RM4.633M (which is Net Profit after Tax excluding Impairment Loss).

RGB declared a dividend of RM0.0080/share which is RM8-00/lot of 1,000 units.

Total Cash/Bank Balance still stand at +RM148.935M.

Hope to see a good financial & business year for RGB for year 2024, 2025 & so on.

2 days ago

Jeffbkt

If not mistaken there is a write off of additional 5M due to fire

2 days ago

pangolin

0.08c div declare for bad QR, what a surprise

2 days ago

EngineeringProfit

Wrong decimal point

2 days ago

ceoshare

*RGB International (RGB MK/BUY/RM0.29/TP:RM0.46)*

_Kitchen Sinking Dragging Reported Earnings🚰_

🔹 *4Q23 result within expectations.* RGB reported a yoy weaker 4Q23 revenue of RM108.6m (-9% yoy, -36% qoq) and core net profit of RM13m (+39% yoy, -50% qoq). The QoQ weaker earnings are mainly due to lower SSM sales from 3Q23’s high base where there’s a bulk order delivered. 2023 record-high core profit of RM76m made up 100% of our forecast.

🔸 *Reported earnings slumped into huge losses due to impairment.* In 4Q23, RGB kitchen sink some of its aging trade receivables totalling RM35.1m. Management alluded that the impairments are merely conservative accounting practises and some of the debtors have been repaying the debts on schedule, which may allow writebacks of these impairments in upcoming quarters. More importantly, these impairments are non-cash items and does not affect core earnings.

🔹 *Declared 0.8sen interim dividend.* In 4Q23, RGB also declared an interim dividend of 0.8sen. This bring 2023 dividend to 2.0sen, which implies full-year dividend yield of 6.9%.

🔸 *Still well-positioned to capitalize on ASEAN jurisdiction’s booming gaming scene and exponential growth.* We retain our view that RGB is set to continue delivering meaningful earnings growth throughout 2024-25F. Key growth drivers arise from the Philippines’ mushrooming new IRs, friendly legislation such as higher slots capacity quotas, and supportive remote gaming policies.

🔹 *Deep-in-value financial matrixes solidify our investment thesis.* RGB’s bargain valuations of 4.6x 2024F PE (<2x ex-cash 2024F PE) and 1.2x 2024F book value offer tremendous potential capital upside. More importantly, RGB’s prospective net cash of RM175m-256m (36-53% of current market cap) is more than sufficient to support its minimum 30% dividend payout policy and lush yields of >6% in 2024-25F.

🔸 *Maintain BUY with unchanged target price of RM0.46,* which implies 7x 2024F PE, <2x 2024F ex-cash PE, and 3x 2024F EV/EBITDA. We believe there should be *potential knee-jerk selldown* reacting to the lackluster reported earnings, but we advocate investors to look beyond the non-cash impairments and *accumulate on weakness.*

2 days ago

ceoshare

公司肯在这个季度派股息, 就仪表接下了一整年业绩还不错的。 在股价那么低的时候公布差业绩 , 也是好事。 毕竟股价都已经进入冰点。

2 days ago

ceoshare

RGB 今天 交易量变得非常大 。 在底部 交易量变大 , 这仪表是什么 ? 是庄离场 ? 还是庄进场 ?

2 days ago

EngineeringProfit

Cut win & took profit$. Take care guys

2 days ago

N4rc0t

Uptrend signal

2 days ago

LimitUp

I want to buy below 0.28 why price go up again??

2 days ago

pang72

Share price in up for red QR
Share price down for green QR
I am understand the reason of majority losing money in stock market
Sha

1 day ago

PureInvest

RGB's generous dividend declared totaling 2.0ct for FY'23 is rewarding to shareholders which amounts to Dividend Yield (YD) of 6.35%. Many investors are buying in to enjoy this generous dividend forthcoming.

1 day ago

ceoshare

泰國成立新眾議院委員會研究賭博合法的前景

1 day ago

pangolin

thinking to hold or medium term abt 3 years , anytime can beat EPF div 5.5 % , close 1 eyes

1 day ago

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