The most active stock today is RGB with 72 million shares changed hand. The volume represents 5.5% of the total number of RGB shares.
RGB is acknowledged as a premier manufacturer and supplier of electronic gaming machines and equipment to casinos, hotels and clubs with gaming licenses in Japan, Singapore, Macau, Cambodia, Laos, Vietnam and the Philippines.
RGB chart is a bullish (1)-(2), 1-2 formation with a bullish OBV breakout.
If its August low of 10 sens marks the end of its major wave 2, it is currently forming its mini wave 3 of sub-wave v of wave (i) of major wave 3, still a long way to go.
For quarter ending 30th June 2015, its earning per share is 0.53 sen and net assets is 11 sens. Fundamentally not that good but with a weak Ringgit, its profit is expected improve.
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