cheng

  • Following

    0

  • Followers

    999

Fame: 7,691
Stocks that are loved will be priced accordingly; Stocks that are hated will tripled tomorrow.
Joined Dec 2017

Comments

cheng replied to comment on SKYECHIP.
the stage has been setup accordingly. But remember to perform risk mgmt before every qr :) Higher IP licensing higher margin, hence FY26 is better than FY25 but IP licensing is lump sum contract based and not royalties per unit sales; non recurring if you will. Customer concentration with rotating accounts is still showing up in FY2026 performance too. The rest of the numbers are good. May the force be with everyone.
8 hours · translate
cheng replied to comment on SKYECHIP.
dang. you guys are fast. I am still comparing the numbers against the prospectus extracted previously. Lol
9 hours · translate
cheng replied to comment on PARKSON.
its true that the balance sheet is consolidated but not 100% when it comes to net income and cash flow as PHB shareholdings on PRA is ~68%. There is the 32% minorities. When PRA is delisted (PHB to buyout the 32), then, 100% of the net income and cash flow flows directly to PHB. Makes a big difference to PHB. I can understand why PRA is there in the past as there are indon and vietnam ops. But these are no longer there and the stores parked under PRA are in Malaysia.
9 hours · translate
cheng replied to comment on PARKSON.
I would prefer the mgmt to pick the low hanging fruits first. good that they are now being more aggressive in closing non performing stores in China and updating the retail format in China. I hope they will consider to delist PRA so that the cash flow can flow directly to PHB :)
10 hours · translate
cheng replied to comment on GENTING.
i think for the case of genting - the leverage has a bigger say. higher leverage and low shareholder return. any further debt funded capex moving forward will drag it lower. mgmt has to do something for US assets - freeze capex for catskills, bimini resorts and hudson valley in the mean time :) the longer they take to list US assets, the lower valuation it is? dragged by underperforming US assets.
10 hours · translate
cheng replied to comment on PARKSON.
ooh, its out. rmb39.8mil net profit. Profit from operations for the three months ended 31 March 2026 was RMB157.5 million, an increase of RMB34.6 million or 28.2% as compared to RMB122.9 million for the corresponding period of last year. Profit attributable to owners of the Company for the three months ended 31 March 2026 was RMB39.8 million, as compared to RMB3.4 million recorded for the three months ended 31 March 2025.
10 hours · translate
cheng replied to comment on PARKSON.
lets see what is the outcome from PRG's board meeting after market closing in a while - PRG's report.
10 hours · translate
cheng replied to comment on GENTING.
true jackie, daniel. we have no controls over politicians rhetorics. just decide for ourselves whether is it risk on or risk off will do.
10 hours · translate
cheng replied to comment on GENTING.
Noted, Vin. will wait for the qr results. Cant wait to get updates on the atmosphere at the upcoming AGM.
10 hours · translate
cheng replied to comment on GENTING.
ooh. the same old story of certain party will close Genting's casino? we have no absolute control on that :) replace the tax revenue from Genting by increasing tax from other areas? Lol, no pun intended.
10 hours · translate
Load more