cheng

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Stocks that are loved will be priced accordingly; Stocks that are hated will tripled tomorrow.
Joined Dec 2017

Comments

cheng replied to comment on QES.
Unable to break above 52-52 before incoming market correction :(
5 hours · translate
cheng replied to comment on SKPRES.
We will know tmr.
6 hours · translate
cheng replied to comment on SKPRES.
Has Mr. Market priced it accordingly? Bad qr price up?
13 hours · translate
cheng replied to comment on SFPTECH.
I can understand that :) Its a strong stock then whereby investors and trend traders are inside. They know more than I do :) When they distribute, I should follow :) If I have to choose between strong fundamentals and strong price, I will choose strong price :)
1 day · translate
cheng replied to comment on SFPTECH.
You will probably need to read the annual reports, be a trader :) and then decide whether you are the fundamental type or the technical analysis type. Anyway, congratulations to all the shareholders that joined last year. Manage your positions well.
1 day · translate
cheng replied to comment on SFPTECH.
top30 holding approx 79% as of Mar before the DBTs/substantial shareholder announcement. By now, it should be above 80%. EPF increased from 6.2mil to 21mil, tabung haji increased from 6.7mil to 10.1mil, KAF increased from 58.8mil to 63.8mil and the biggest increase is Mr. Lim from 94mil to 161mil. Changes to shareholding for substantial shareholder will be announced while no announcement for non substantial shareholders. The uptrend should continue unless we are seeing distribution from the top30 non-substantial shareholders. Risk mgmt will be important.
1 day · translate
cheng replied to comment on GENTING.
the weekly ggr data pointing to min usd170mil qtrly revenue contribution and usd34.5mil to usd52mil qtrly ebitda based on 20% to 30% range of ebitda margin. I hope the mgmt will put focus on providing the best experience and ramping up the table games as this is where the ggr and revenue can swing high and low based on the hold rate. After all, the table games tax rate is at 30% versus 56% for slots. looking forward to its potential based on Q3 performance which will be reported end of the y
2 days · translate
cheng replied to comment on GENTING.
Thanks, Daniel. The win/unit per day for slots is really strong and table games ggr hold rate is ~15% within the last 3 weeks range. There's opportunity there as it can go up to 18% which will easily add another 1.5mil ggr. As is, the weekly ggr is ranging from 26mil to 28 mil. Avg of 27 mil per week means 1.4bil rev per year. That's really strong.
3 days · translate
cheng replied to comment on SFPTECH.
10am, 5th of Jun
3 days · translate
cheng replied to comment on SKPRES.
kaput. 2nd qtr with margin below 5% and revenue is down too. No wonder institutions/insiders selling like no tmr. Lol, no pun intended. 2nd half outlook is not good either. The industry is at a low cycle now and performance may remain subdued. Looks like will have to wait for insiders to make a move first before riding it.
3 days · translate
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