Added to YB: 2024-07-11
Pitch date: 2024-07-10
BLBRF [bullish]
Bloomberry Resorts Corporation
-91.59%
current return
Author Info
Pyramids and Pagodas covers companies across emerging markets (mainly Asia/Middle East). Sign up for their newsletter.
Company Info
Bloomberry Resorts Corporation, through its subsidiaries, develops, owns, and operates hotels, casinos, and integrated resorts in the Philippines and Korea.
Market Cap
$34.2B
Pitch Price
$0.17
Price Target
1.59 (+11019%)
Dividend
N/A
EV/EBITDA
6.82
P/E
12.41
EV/Sales
2.11
Sector
Hotels, Restaurants and Leisure
Category
growth
Manila Trip Report – An emerging Pacific Tiger? - Bloomberry Resorts Corporation
BLBRF: 33% PH casino mkt share. Solaire flagship drives growth. New Quezon City casino opened May'24, est. $136-170M GGR in FY24. 17% 3yr CAGR for PH gaming. Lower taxes vs Macau. Mass market focus (67% rev). 9.9x P/E, 32% discount to peers. Target PHP13.96-14.85. Risks: debt, competition.
Read full article (8 min)