Added to YB: 2025-04-07
Pitch date: 2025-04-03
BLBRF [neutral]
Bloomberry Resorts Corporation
-87.86%
current return
Author Info
Asian Century Stocks is a former buy-side investor in Asia that now focuses on researching value stocks in Asia and sharing them in his newsletter. Sign up for the 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
$0.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.82
P/E
12.41
EV/Sales
2.11
Sector
Hotels, Restaurants and Leisure
Category
N/A
Portfolio Review March 2025: Key Holdings - Bloomberry Resorts Corporation
BLBRF (holding update): 2024 FY rev +6.8% on Solaire North launch, but profit -73% YoY due to higher costs, interest. Q4 better: rev +22%, EBITDA +1% YoY. VIP revenue down, mass market up. Online gambling app launch Q3 2025. 2x EBITDA interest coverage. Trades at 6.7x fwd P/E, 2.8% div yield. Debt a concern despite Razon's skill.
Read full article (2 min)