FUNDAMENTAL

Bloomberry reports P3.91 billion Net Profit in 3Q2019, up 245% YoY 3Q2019 HIGHLIGHTS: – Total Gross Gaming Revenue (GGR) at Solaire was P17.111 billion, 46% higher than the P11.711 billion recorded in the third quarter of 2018. Growth was driven by higher hold in VIP and strength in the mass gaming segments – Mass table drop and EGM coin-in at Solaire were at record quarterly levels of P13.484 billion and P66.910 billion, representing YoY growth of 10% and 23%, respectively – Solaire’s VIP, mass tables and EGM GGR were P8.645 billion, P4.208 billion and P4.258 billion, representing YoY growth of 117%, 2% and 19%, respectively – Consolidated Net Revenue was P13.311 billion, representing growth of P4.391 billion or 49% YoY. (4th Nov 2019). Looks good.

TECHNICAL ANALYSIS

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Article by: Ashok MBA – Strategic Financial Coach

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