RGB sets its sights on foreign shores
Lim Cian Yai | 04 May 2018 00:30
Having been involved in supplying gaming machines for more than 30 years, RGB International Bhd is now charting its next phase of growth with a potential foreign listing.

For years, the stock has been trading at an undemanding valuation of slightly above 10 times price-to-earnings (PE) ratio. 

Currently it is trading at 25 sen a share, translating into a PE ratio of 11.08 times based on earnings per share (EPS) of 2.27 sen in the fiscal year ended Dec 31, 2017.

While managing director Datuk Chuah Kim Seah is reluctant to comment on the share’s price performance, he sees the counter as one with a strong growth theme. He said some foreign institutional funds have also expressed interest in the stock.

But it takes two to tango. The interest, however, did not translate into actual trading activities. Some of the key reasons is that the ringgit is a non reserve currency, coupled with its limited circulation and low liquidity.

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