RGB International Bhd’s near-term earnings outlook is improving, supported by stronger demand for electronic gaming machines and a gradual recovery in its technical support and management services segment, according to Phillip Capital Research, as reported by The Star.
The research house said RGB, a manufacturer, supplier and services provider of electronic gaming machines and casino equipment, is targeting deliveries of between 3,000 and 3,800 electronic gaming machines this year, compared with 2,300 units in 2025.
‘This is underpinned by healthy order replenishment from both replacement demand of about 2,000 to 2,500 units and new integrated resort projects of between 1,000 and 1,300 units,’ Phillip Capital Research said.
The firm has already secured about 2,000 units of orders year-to-date, including around 1,000 units from a new integrated resort project in the Philippines. Deliveries are scheduled by the third quarter of 2026, with a potential additional 200 units expected by the fourth quarter of 2026.
Phillip Capital Research also said RGB’s technical support and management services segment is positioned for recovery despite the continued closure of the Cambodia-Thailand border.
‘The TMS earnings outlook continues to improve, supported by cost rationalization in Cambodia and stronger customer traffic trends in Laos,’ it said.
The research house noted that RGB’s outlet rationalization efforts and a 50 percent workforce reduction in Cambodia are expected to support profitability, while rising Thai visitor traffic into Laos from the second quarter of 2026 should strengthen sales and earnings from the segment.
Over the longer term, RGB expects growth opportunities from new gaming markets, including Vietnam and the United Arab Emirates.
