Highlights
Social Forum >> Forum Thread
Last Price Today's Change   Day's Range   Trading Volume
0.125   -0.005 (3.85%)  0.125 - 0.13  4,398,500
7,451 comment(s). Last comment by sengkee at Dec 4, 2020 9:12 AM
Like
 13 people like this.
 
 Post Reply   Back  

coronaking
63 posts

Posted by coronaking > Jun 2, 2020 6:22 PM | Report Abuse

this share is sleeping giant! Like China, when it wake up, nobody can resist.


Foogo90
109 posts

Posted by Foogo90 > Jun 2, 2020 8:26 PM | Report Abuse

Genting open need rgb to service machine?


sj1993
25 posts

Posted by sj1993 > Jun 2, 2020 10:30 PM | Report Abuse

is the big balance float an issue actually?


coronaking
63 posts

Posted by coronaking > Jun 3, 2020 8:13 AM | Report Abuse

Genting go up, this company will follow also. Like top glove go up, Hartalega and etc all move up.


coronaking
63 posts

Posted by coronaking > Jun 3, 2020 9:42 AM | Report Abuse

Now covid cases settle, vaccine coming soon. Casino and clubs open, this share not booming is stupid already.


Michael Kwok
2769 posts

Posted by Michael Kwok > Jun 3, 2020 10:47 AM | Report Abuse

Please read and consider buy. Now Public Invest.Below TP is best case scenario But worst case scenario 23-26 cents

https://klse.i3investor.com/blogs/PublicInvest/2020-06-03-story-h1507980759-Technical_Buy_RGB_0037.jsp

Posted by Michael Kwok > May 27, 2020 7:44 PM | Report Abuse X

Even RHB also follow.Im earlier thn this bank by one days.39 million net profit only worth 14 cents. Somemore 4 consecutive quarter of profit growth.

https://klse.i3investor.com/blogs/rhbresearch/2020-05-22-story-h150786...

Michael Kwok
1960 posts
Posted by Michael Kwok > May 21, 2020 9:28 PM | Report Abuse X

Are u all ready for this.When I come it will up.....TP above 30 cents also.


Michael Kwok
2769 posts

Posted by Michael Kwok > Jun 3, 2020 10:57 AM | Report Abuse

Please businesses in Indo China and Philippines.Not services But Majority is Selling and leasing slot machines.


kakashi
2696 posts

Posted by kakashi > Jun 3, 2020 11:16 AM | Report Abuse

Risky, financial report not out


coronaking
63 posts

Posted by coronaking > Jun 3, 2020 12:33 PM | Report Abuse

Financial report? Not important, as expected most companies lose anyway. The future more important, Genting now move up high.


Michael Kwok
2769 posts

Posted by Michael Kwok > Jun 3, 2020 11:27 PM | Report Abuse

Investing about futures.Not 1 month but 3-6 months in the futures.Please get some.I get its cheap at 14 cents(rm 20k)


yukang89
79 posts

Posted by yukang89 > Jun 4, 2020 9:47 PM | Report Abuse

Hope can drop back to 13 cents then it’s time for me to invest more


pangolin
682 posts

Posted by pangolin > Jun 5, 2020 9:38 AM | Report Abuse

13c worth to buy in some ...


coronaking
63 posts

Posted by coronaking > Jun 5, 2020 11:29 AM | Report Abuse

https://youtu.be/L3jwXNNmkNM


coronaking
63 posts

Posted by coronaking > Jun 5, 2020 11:30 AM | Report Abuse

Las Vegas casino just open full of people and can't even walk. So who said casino and clubs going to finish??


jason007
183 posts

Posted by jason007 > Jun 5, 2020 11:43 AM | Report Abuse

bad result


yukang89
79 posts

Posted by yukang89 > Jun 5, 2020 11:53 AM | Report Abuse

expected to be bad.. but we're looking at its future/potential here..Hope others keep on selling at lower price =p


LKSGSH
520 posts

Posted by LKSGSH > Jun 5, 2020 11:59 PM | Report Abuse

Genting casino reopen on 10/6 , that's mean all the relative gambling shares coming Goreng soon


pangolin
682 posts

Posted by pangolin > Jun 6, 2020 2:00 PM | Report Abuse

Let rgb goreng till 25c , all happy ending


LKSGSH
520 posts

Posted by LKSGSH > Jun 6, 2020 6:17 PM | Report Abuse

Genting reopening. .... cancelled again


xterrorsinx
326 posts

Posted by xterrorsinx > Jun 7, 2020 3:21 PM | Report Abuse

Interesting growth company.


pangolin
682 posts

Posted by pangolin > Jun 7, 2020 3:45 PM | Report Abuse

even is pe around 5 , cash rich and div paid listed company , but share price still stagnant ,


pangolin
682 posts

Posted by pangolin > Jun 7, 2020 9:29 PM | Report Abuse

directors worry after push up to 25c , all small players sell off and run away, better keep 16c forever , let all stuck below 16c for 3 years


Michael Kwok
2769 posts

Posted by Michael Kwok > Jun 7, 2020 9:40 PM | Report Abuse

No need worry 23-25 cents already assure.The best case scenario need some good news and 2 consecutive quarter of double digit profit.


Michael Kwok
2769 posts

Posted by Michael Kwok > Jun 7, 2020 9:47 PM | Report Abuse

Malacca securities also follow... On 3rd of Jun.Say buy.U see.

Posted by Michael Kwok > Jun 3, 2020 10:47 AM | Report Abuse X

Please read and consider buy. Now Public Invest.Below TP is best case scenario But worst case scenario 23-26 cents

https://klse.i3investor.com/blogs/PublicInvest/2020-06-03-story-h15079...

Posted by Michael Kwok > May 27, 2020 7:44 PM | Report Abuse X

Even RHB also follow.Im earlier thn this bank by one days.39 million net profit only worth 14 cents. Somemore 4 consecutive quarter of profit growth.

https://klse.i3investor.com/blogs/rhbresearch/2020-05-22-story-h150786...

Michael Kwok
1960 posts
Posted by Michael Kwok > May 21, 2020 9:28 PM | Report Abuse X

Are u all ready for this.When I come it will up.....TP above 30 cents also.


Michael Kwok
2769 posts

Posted by Michael Kwok > Jun 7, 2020 9:48 PM | Report Abuse

Me the trusted name...Must follow....


Michael Kwok
2769 posts

Posted by Michael Kwok > Jun 7, 2020 9:54 PM | Report Abuse

Please see the chart and turn to pg 1See when I say buy and now the price.The 2nd page maybe can buy.But need to wait....
https://klse.i3investor.com/servlets/forum/905919581.jsp


pangolin
682 posts

Posted by pangolin > Jun 7, 2020 10:08 PM | Report Abuse

Share bb disappeared for April and May , if sbb re continue start from June again so, will pump more confident to investors ,


pangolin
682 posts

Posted by pangolin > Jun 8, 2020 8:48 PM | Report Abuse

No show for directors .... mean no sbb for rgb


coronaking
63 posts

Posted by coronaking > Jun 9, 2020 10:30 AM | Report Abuse

Casino opening soon...


investorbasi
72 posts

Posted by investorbasi > Jun 9, 2020 1:05 PM | Report Abuse

I'm ready to support this company. If casino company increase so must this stock too.


pangolin
682 posts

Posted by pangolin > Jun 10, 2020 9:28 PM | Report Abuse

only need big players to pump in capital ,no way for small fish to wear push up bra .....


Good123
8479 posts

Posted by Good123 > Jun 10, 2020 9:47 PM | Report Abuse

speculative play. Q1,2020, QR surely bad


Good123
8479 posts

Posted by Good123 > Jun 10, 2020 9:48 PM | Report Abuse

casino is badly affected including jackpot machines


Good123
8479 posts

Posted by Good123 > Jun 10, 2020 9:49 PM | Report Abuse

jackpot machine biz is not excluded, all casinos are affected together


LKSGSH
520 posts

Posted by LKSGSH > Jun 10, 2020 11:58 PM | Report Abuse

How Stanley Ho changed my business mindset forever’
Liew Jia Teng
/
The Edge Malaysia Weekly

June 10, 2020 18:30 pm +08

This article first appeared in The Edge Malaysia Weekly, on June 1, 2020 - June 07, 2020.

Ho (extreme left) signed the first contract with RGB at his Hong Kong office in 1996. Chuah is second from right. Photo by RGB

-A+A
THE year was 1996. Casino slot machine distributor RGB International Bhd — then known as RGB Sdn Bhd — was in its 10th year of operations, having begun as a humble business in Penang.

Although the company was already fairly established, with customers in Singapore, Cambodia and the Philippines, its managing director and major shareholder Datuk Seri Chuah Kim Seah, then 43, was eyeing a major breakthrough overseas.

He seized the opportunity when Macau casino tycoon Stanley Ho Hung-sun’s company came knocking.

[X] CLOSE
Advertisement

play_arrow

volume_off

fullscreen
“The late Stanley Ho was one of our earliest overseas customers. RGB has a business presence in Macau because of him. He gave us an opportunity to supply slot machines to his casinos in the early days,” Chuah tells The Edge over the phone.

Main Market-listed RGB is an electronic gaming machine and casino equipment supplier, as well as a major machine concession provider in Asia. The company is currently 29.5%-owned by Chuah, who has more than three decades’ experience in the gaming and amusement industry.

He recalls that in the mid-1990s, Ho’s casinos were looking for an alternative supplier, as their previous American-made machines were difficult to maintain.

“All these machines and equipment needed to be maintained by qualified engineers, who were mostly from the US. On working days, that was not a problem. But during the public holidays, Christmas and New Year, they had a manpower problem,” Chuah explains.

Ho’s company approached RGB for a solution.

“They wrote to us, asking whether or not we could handle the job. Eventually, we found a Japanese slot machine manufacturer and a European systems provider and we managed to provide them with a good alternative. The newer machines and system were more simplified and reliable,” he says.

And that was how RGB got its big break in Macau.

According to Chuah, the first contract RGB signed with Ho was to supply 200 to 250 machines to 14 to 16 casinos in Macau. In later years, the company supplied thousands of machines not just to Ho, but also to other casinos.

“The first contract was signed at Ho’s office in Hong Kong around 1996. I can’t remember the exact contract value, but it was considerably big and definitely one of the most memorable ones.

“This contract gave us a big opportunity to prove our capability. For a small Malaysian company to serve the Casino King of Asia, we take pride in that. It was a huge honour. [It was] a feather in our cap,” Chuah recalls with pride.

RGB has since established its presence in Malaysia and also operates in Cambodia, Laos, Vietnam, Singapore, the Philippines, Macau, Timor-Leste and Nepal.



The first meeting

Chuah says he first met Ho, then 75, at the gambling king’s bungalow in Hong Kong.

“Obviously, everyone had heard about this casino tycoon and we were very excited to meet him. He turned out to be a friendly person; he made us [feel] so welcome. He greeted us with ‘Selamat Pagi’ and even spoke a few sentences in Bahasa. It immediately [broke the ice].

“It showed that he already knew about our background before we went to see him. Bear in mind that we were just a small company and, also, in those days, it was not easy to get information without the internet and Google. Subsequently, we conversed in English and Chinese; everything was so comfortable and smooth,” he adds.

Chuah, who idolised Ho as he was a pioneer of the Asian casino industry, says he learnt from Ho that “price is secondary”. In addition, his dealings with the tycoon changed his business mindset.

“He asked us to quote a price, and he didn’t even bargain for a single cent. All he asked for was good service from us and very minimal downtime for our machines. He didn’t give us any pressure; he didn’t talk to us in a hostile way. He was a very easy, approachable person. It really gave us a lot of confidence to do our work,” he says.

Chuah goes on to say that even though RGB’s contract was very small compared with the earnings power of Ho’s casinos, the gaming magnate still respected him as a business partner.

“[Even though] the slot machine income was so small to him, he still personally signed our very first contract. That is something that I will remember forever.

“I hope he rests in peace. He was a very good person whom I admired a lot, not only for his business acumen, but also his personality. Despite being so wealthy, he still treated everybody so well. That is why we still maintain our business relationship until today.”


LKSGSH
520 posts

Posted by LKSGSH > Jun 11, 2020 12:11 AM | Report Abuse

RGB starting to brewing and move upwards. ......


Good123
8479 posts

Posted by Good123 > Jun 11, 2020 5:48 PM | Report Abuse

when QR is released with huge loss like genm, sing a new song :)


ladybird517
56 posts

Posted by ladybird517 > Jun 11, 2020 11:23 PM | Report Abuse

Tomorrow price will back to square.. 0.13???


coronaking
63 posts

Posted by coronaking > Jun 12, 2020 12:15 PM | Report Abuse

In short term, most companies revenue sure lost. But long term, that is different story...


pangolin
682 posts

Posted by pangolin > Jun 13, 2020 9:21 PM | Report Abuse

as long as 18c abv , i sure will dump half of rgb SOH , cant wait for 24c anymore ,


Michael Kwok
2769 posts

Posted by Michael Kwok > Jun 14, 2020 11:14 AM | Report Abuse

The news from Thestar.....

GEORGE TOWN: RGB International Bhd is planning to lease out 1,000 units of gaming machine for the financial year ending Dec 31,2020.

Group managing director Datuk Seri Chuah Kim Seah(pic) said the company was currently negotiating to install 1,000 gaming machines in the Asia-Pacific region.

“The bulk of the 1,000 units goes to the Philippines and Indochina markets. They will be installed by the third and fourth quarters, ” he said.

“We can expect these machines to generate a yield of RM13mil in the fourth quarter of 2020, ” he told StarBiz.

Currently, the gaming market in the Philippines generates about 60% of the group’s revenue.

Chuah said the group also aimed to sell 2,000 gaming machines in 2020.

Last year, the group sold about 1,600 gaming machines and installed a further 1,100 under its concession business.

The sales of the 2,000 machines will generate about RM250mil for the group, according to Chuah.

“The group currently has some 5,700 gaming machines leased out under its concession business.

“These concession machines are expected to contribute about RM120mil to the group for the 2019 financial year or about 30% of the group’s revenue, ” he said.

Chuah said there were also machines on trial run in Mexico.

“If everything works out, we will focus on the market in Mexico this year, ” he added.

On the impact of the coronavirus outbreak, Chuah said the impact was minimal.

“Our main markets in the Asia Pacific are the Philippines and Indochina but not Macau, ” he said.

For the 2019 financial year, the group posted an RM40mil net profit on the back of RM351mil revenue, compared to RM35mil and RM379mil achieved in 2018.

Under the group’s sales segment, the revenue decreased in 2019 because of bulk sales to an integrated resort in Indochina with a lower margin in 2018.

For the concession business, the revenue increased by 13% for 2019 as compared to the previous year due to better performance and opening of additional outlets during the year.

According to a Technavio report titled Global Slot Machine Market 2020-2024: Growing Vendor Involvement to Boost Market Growth, the global slot machine market size is expected to grow at a 15% compounded annual growth rate with a US$14.09bil revenue during the forecast period of 2020-2024.

The year-over-year growth rate for 2020 is estimated at 14.92% by the end of 2024, the report said.


coronaking
63 posts

Posted by coronaking > Jun 14, 2020 4:55 PM | Report Abuse

This company is solid company, no doubt about that!


LKSGSH
520 posts

Posted by LKSGSH > Jun 14, 2020 11:15 PM | Report Abuse

Michael , this was old news lar .... not a recently


pangolin
682 posts

Posted by pangolin > Jun 16, 2020 12:16 AM | Report Abuse

see ..... go singapore now , hope wont jump into sea ,


myankah
54 posts

Posted by myankah > Jun 16, 2020 10:57 AM | Report Abuse

This company going to offer online casino solutions. This is definitely good move. In future, most of the thing moving to online anyway.


Michael Kwok
2769 posts

Posted by Michael Kwok > Jun 16, 2020 3:17 PM | Report Abuse

Please the website?


yukang89
79 posts

Posted by yukang89 > Jun 16, 2020 6:03 PM | Report Abuse

RGB to look into remote gaming solutions - The Star 15/06/2020


davidkkw79
4698 posts

Posted by davidkkw79 > Jun 17, 2020 10:17 AM | Report Abuse

look like casino theme play now


EZMONEY13
229 posts

Posted by EZMONEY13 > Jun 17, 2020 4:56 PM | Report Abuse

What now ?


LKSGSH
520 posts

Posted by LKSGSH > Jun 17, 2020 7:25 PM | Report Abuse

Genting reopen on this Friday

 Post Reply   Back  
APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program
 
 

546  656  538  392 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 YONGTAI 0.365+0.07 
 MTRONIC 0.135+0.015 
 HWGB 0.88+0.035 
 SAPNRG 0.125+0.005 
 AT 0.195+0.01 
 MTRONIC-WA 0.09+0.015 
 KNM 0.23+0.02 
 PHB 0.030.00 
 INIX 0.33+0.065 
 EAH 0.03-0.005 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS