{"id":777009260,"date":"2023-09-14T06:41:19","date_gmt":"2023-09-14T09:41:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009260"},"modified":"2026-04-22T18:05:05","modified_gmt":"2026-04-22T21:05:05","slug":"bloomberry-2023-earnings-forecast-raised-by-23","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bloomberry-2023-earnings-forecast-raised-by-23","title":{"rendered":"Bloomberry 2023 earnings forecast raised by 23%"},"content":{"rendered":"\n<p>Maybank IBG Research has boosted its forecast due to strong H1 results.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-<strong> Maybank IBG Research<\/strong> has increased its earnings projections for <strong>Bloomberry Resorts Corp<\/strong> following the company&#8217;s financial performance in the first half.\u00a0It&#8217;s increased is forecast for the Philippine casino operator and developer by 23 per cent.<\/p>\n\n\n\n<p>Analysts noted that Bloomberry&#8217;s net income for the first six months of 2023 exceeded market consensus,<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-resorts-posts-net-income-of-us61m-for-q2\" target=\"_blank\"> rising 15.1 per cent<\/a> month-on-month to PHP3.43bn (US$60.5m). The cumulative net income for the first half of 2023 stood at PHP6.42bn, up 158 per cent year-on-year.<\/p>\n\n\n\n<p>Maybank IBG Research highlighted that Bloomberry&#8217;s results outpaced <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/bloomberry-net-gaming-revenue-to-reach-us694m-in-2023-analysts-say\" target=\"_blank\">earlier estimates<\/a>. A key contributor was the VIP segment, accounting for 36 per cent of the company&#8217;s gross gaming revenue. Maybank IBG Research&#8217;s August update projected full-year net gaming revenue of PHP39.4bn. It raised its 2024 earnings forecasts by 15 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maybank IBG Research has boosted its forecast due to strong H1 results.<\/p>\n","protected":false},"author":176,"featured_media":29713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Maybank IBG Research has significantly elevated its earnings forecast for Bloomberry Resorts Corp, a prominent Philippine casino operator, following robust H1 2023 financial performance. The company's net income for H1 2023 reached PHP6.42bn, marking a 158% year-on-year increase, primarily driven by the strong contribution of its VIP gaming segment, which accounted for 36% of Gross Gaming Revenue (GGR). This positive outlook has led to a 23% increase in the 2023 forecast and a 15% increase for 2024.","focusai_entities":"Maybank IBG Research, Bloomberry Resorts Corp","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP segment sustainability?","query":"What are the underlying factors contributing to the sustained strength of Bloomberry's VIP segment, and what is the projected sustainability of this GGR contribution given regional competitive dynamics and potential regulatory shifts?"},{"label":"Market consensus shift?","query":"How does Maybank IBG Research's revised forecast for Bloomberry Resorts Corp compare with other institutional analyst projections, and what implications does this divergence have for broader market consensus and investor sentiment?"}],"footnotes":""},"categories":[157,16333],"tags":[15417],"class_list":["post-777009260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-bloomberry-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777009260"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009260\/revisions"}],"predecessor-version":[{"id":777009290,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009260\/revisions\/777009290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/29713"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}