cheng

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Stocks that are loved will be priced accordingly; Stocks that are hated will tripled tomorrow.

Joined Dec 2017

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it shot up to as high as 1.60 back in end of May pricing ahead FY24 performance, Lee. Will have to wait for Q1FY25 results to determine the direction for FY25; eps upward or downward revision. Additionally, give it a few months after Trump's inauguration to observe his administration's policies and its impact to oil and gas industry.
1 day · translate
mostly RPT investment instead of new business venture over the last few years, JQ. Hextar Fertilizers and Hextar Mitai. The recent disposal is also RPT. Didn't notice any capex ppe investment on existing business to scale it up either. Doubt will see any growth near term. Luckin Coffee is new business venture though. It will be interesting to observe the source of funding for Luckin Coffee and its margins to decide whether it will be a growth asset for Hexind in the future. Could be challenging for now given the competition in coffee shops and Luckin Coffee's historical business model. Hence, safer to have margins of safety for now without the results from Luckin Coffee venture. just my opinions, could be wrong. hope it helps.
1 day · translate
Bought it at lower thirties previously and sold out when it spikes above 0.43 back in Jun'24. Not much has changed since then from the balance sheet perspective. The only change is the RPT and Luckin Coffee. I would say no margins of safety at this price. Will have to wait how will Hexind fund the Luckin Coffee business; capex intensive, high revenue low margins business?
1 day · translate
spot on :) well, it gave the opportunities for many new long term shareholders to own a piece of Genting :)
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what's up with the rush today?
2 days · translate
understood, jason, wong. its going down since announcement of luckin coffee; distribution if you will. as for the RPT, monetize the assets into 45M for working capital, net gain of 470k from the disposal and rented it back from KIPreit for the next 12 to 15 years which translates to ~5M rent per year aka operating lease.
2 days · translate
Its public forum and everyone is entitled to their opinions. You can talk and others cannot share their opinions? Chillax, wong. Feedbacks is a gift.
3 days · translate
I am hoping that FY24 is the start of profitable year for PHB. After all, PRA and PRG have returned to black. As for the non-cash impairments of CGUs from PRG, hopefully the inflection point is around the corner where the carrying amounts are pretty close to the recoverable amount based on the assumption that sales + old lease terms + real estate / properties depreciation are the culprits that led to carrying amount >> recoverable amount. We have seen actions of new lease terms / renegotiated lease terms, optimization and strategies that resulted in stable other operating income, gomen's action to stabilize the properties market and to boost consumer spending, and closure of non performing stores though not as aggressive as Malaysia.
3 days · translate
Indeed, T&S. Largest individual shareholding.
4 days · translate
The crucial point here is related party transactions, Jason. Dato Ong has lots of companies that he is controlling. As such, you have to pay attention to related party transactions (RPT/RRPT) instead of just looking at corporate announcement on the surface. And the impact/benefits to the particular company. Consider reading the recurrent related party transactions disclosed in the annual report too.
4 days · translate
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