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 GENTING.
Empire will not be able to redeem the 300mil bond as they do not have the cash to do so. The money has to come from GenM and Gent if the mgmt decides to continue holding it. Catskills and Hudson Valley are just 45 mins apart and cannibalisation of footfall traffic is a norm. Unlikely to see growth in these assets.
8 hours · translate
cheng replied to comment on GENTING.
it will be a new low for the mgmt if they were to opt for the default/bankruptcy route for Empire, jackie. How they have transferred the stakes from Kien Huat to GenM and to end up defaulting. RWNYC higher licensing fees and taxes for slots & table games too.
9 hours · translate
cheng replied to comment on AAX.
will be potentially volatile next week given the spike in hourly volume in brent oil futures yesterday :)
10 hours · translate
cheng replied to comment on GENTING.
its fishy the fact that boss/insiders did not make a move despite the huge conglomerate discount. Empire's 300 mil bond expiry is a high risk as no news on the deal. How will GenM fund the 300 mil or will GenM use the opportunity to restructure empire through default/bankruptcy? Continue to stay away and be cautious.
11 hours · translate
cheng replied to comment on SKPRES.
last qr showing signs of weak demand and margin compression. should wait for the upcoming qr to see whether last qtr performance was a one off event or becoming structural.
17 hours · translate
cheng replied to comment on SKPRES.
unlikely, mfr. gtronic's fate is expected based on the telltale signs (1) APB, Artroniq and SCIB track records taking over at Gtronic (2) epic investments which is pretty obvious targeting the cash balance. from 200mil to less than 50 mil. mission accomplished.
17 hours · translate
cheng replied to comment on AAX.
The conflict is far from over. Damage has been done though - higher airfares and lower capacity.
1 day · translate
cheng replied to comment on GENTING.
Gent's business is far more resilient versus the external headlines :) however, top line growth did not translate to bottom line performance over the last few fiscal years. Margins contracted despite revenue expansion if you will.
1 day · translate
cheng replied to comment on GENTING.
the conflict dampens the sentiment and is just one small factor in the ticker movement. It is probably something else that is keeping the downward pressure on the ticker since Aug24, and the boss/insiders have yet to make a move. Why should we make a move when they have yet to do so?
1 day · translate
cheng replied to comment on AAX.
not sure what to see but the recovery will take some time given AAX has increased airfares and reduced the capacity. All is well as long you have your own stops and tp.
1 day · translate
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