Bloomberry stock gets Maybank Buy upgrade after 40 percent slide
Published on 09/29/2026 at 20:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Bloomberry stock received a Maybank Securities upgrade from Hold to Buy after a 40 percent decline since January, according to SCCG Management on September 25, 2026. The call rests on improving EBITDA, higher VIP gaming revenue and the expansion of online gaming.
Maybank sees a 2027 profit
Maybank forecasts Bloomberry core losses of PHP 2.3 billion in 2026 before a PHP 421 million profit in 2027, the report said. The swing represents a PHP 2.721 billion change between the two forecasts and gives the turnaround case a concrete financial test.
iGamingToday reported on September 26, 2026, that Maybank analyst Raffy Mendoza linked the outlook to business stabilization during the first six months of 2026. Maybank also pointed to higher VIP gross gaming revenue at Solaire Resort Entertainment City and stronger slots revenue at Solaire Resort Quezon City.
Revenue improves but losses widen
Bloomberry reported PHP 14.019 billion in Q2 2026 revenue and a PHP 338.245 million net loss, according to Investing.com. Revenue rose 7.35 percent from PHP 13.060 billion in Q1, while the net loss widened from PHP 128.419 million, showing that operating growth has not yet translated into bottom-line profit.
The same Q2 financial data show PHP 2.780 billion in operating cash flow and PHP 2.356 billion in free cash flow. That cash generation provides a counterweight to the net loss, but the expected 2026 deficit keeps execution central to the investment case.
Philippine quote stays below yearly high
Bloomberry is classified as a casinos and gaming company and trades under ticker BLOOM on the Philippines Stock Exchange, according to MarketScreener. Its Philippine quote stood at PHP 1.99 on September 28, 2026, against a 52-week range of PHP 1.60 to PHP 4.34.
The distance from the 52-week high is 54.15 percent, leaving the Maybank upgrade dependent on measurable progress in VIP gaming, Quezon City slots and online GGR. Bloomberry President and COO Greg Hawkins has set a target for online gaming to contribute 20 percent of group GGR by the end of 2027, as iGamingToday reported on September 26, 2026.
Bloomberry stock facts
- Company: Bloomberry Resorts Corporation
- Ticker: BLOOM
- Primary exchange: Philippines Stock Exchange
- Sector / Industry: Consumer Cyclical / Casinos and Gaming
- Q2 2026 revenue: PHP 14.019 billion
- Q2 2026 net income: PHP -338.245 million
- Philippine quote on September 28, 2026: PHP 1.99
- 52-week range: PHP 1.60-PHP 4.34
