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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cheng replied to comment on GENTING.
You are welcome, Vin. Happy New Year to you too :)
1 day · translate
cheng replied to comment on GENTING.
GenS Q4 results will be flattish still against Q2'24 when the hard rock hotel capacity were taken down for renovation. GenM will again cover for GenS until Q2'25 where the numbers from GenS will show recovery by then.
1 day · translate
cheng replied to comment on GENTING.
Sounds good as that's what we discussed 2 days ago :) Authority requests for additional information :)
1 day · translate
cheng replied to comment on GENTING.
GenS earnings recovery itself will position it towards high side of 4.0++ and earnings growth to push it to 5.00++ while all else equals. The big jump at the end of 2025 will depend on (1) HMTM UK marketing authorization - first wave (2) RWNYC full casino license status will be known by then if there are no delays (3) first drop of LNG in 2026 (4) Other major market marketing authorization for HMTM to follow suit after UK market - 2nd wave. The significance of the jump depends on TauRx's plans.
1 day · translate
cheng replied to comment on PARKSON.
A good closing for 2024 :) Welcome new local/foreign funds :)
1 day · translate
cheng replied to comment on GENTING.
funds rebalancing final week of Dec'24 and first week of Jan'25 should push Genting/GenM higher - the optimistic faction and new funds position beginning of the year :) Will be nice to have it close above 3.90/2.30 accordingly.
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cheng replied to comment on GENTING.
yes it is, jk. slowly but surely.
1 day · translate
cheng replied to comment on GENTING.
you are welcome, Vin. yeah, we should be hearing about the rwlv complaints disposition plan soon.
2 days · translate
cheng replied to comment on GENTING.
did not include LNG production starting 2026, TauRx and RWNYC full casino license prospect which will boost its ebitda. but these are just my own calculation for my own reference, Vin. You can use the TP targets by IBs - min or average is good enough; equally conservative.
2 days · translate
cheng replied to comment on GENTING.
its 5.00 when I first bought it at 4.02, Vin. It was based on the assumption of 15% discount rate, min 15 cents dividend to be collected for two consecutive years (wanted to ride GenS growth), risk management plan is based on 12% stop loss from the average price. Will continue to add quarterly as long as the price is below 4.02, no deterioration to the variables such as ebitda, dividend payout, its credit ratings which I am currently using BBB/Baa2 and etc.
2 days · translate
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