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.
New RWLV board in action. All resort, no fees. Giving tourists a reason to stay in RWLV during the seasonally low traffic footfall in summer. https://www.reviewjournal.com/business/casinos-gaming/strip-casino-ditching-resort-fees-this-summer-3387482/
3 hours · translate
cheng replied to comment on SFPTECH.
Indeed, t&s :) let's keep an eye on any new risks from the future qr reports.
3 hours · translate
cheng replied to comment on GENTING.
Lol, TN... Fear based metaphors are easy and data driven patience is hard :) Thank you for sharing your metaphors and I will take note of it in the future when there is objective evidence that GenT is overleveraged; maybe when debt ratio is more than 1.5 conservatively for two consecutive quarters. Have a great weekend and enjoy your evening.
10 hours · translate
cheng replied to comment on GENTING.
How much debt is too much? Either you do your own optimum debt calculations for GenT vs it's actual debt ratio which is pretty complex :) or you can compare it relatively with LVS, MGM and Wynn Resorts; debt to equity ratio. And you can also compare the Moody's and S&P Global's credit worthiness ratings for GenT, LVS, Mgm and Wynn :) looking at these data, I doubt GenT is over leveraged.
14 hours · translate
cheng replied to comment on GENTING.
Thank God Genting is not Titanic :) Genting is indeed facing turbulence but unlike Titanic, it has diversified assets plantation/properties, O&G, lifescience and operating in different geo. Every storm ends as the saying goes :) Don't just jump from one ship to another but rather understand the course and be prepared to sail ahead. Fear based metaphors are easy, data driven patience is hard :)
1 day · translate
cheng replied to comment on GENTING.
Ringfencing the risk within GenM is better than dragging everyone - financials (gains/losses, impairments, capital needs) and the reputation of Empire (poor ratings). Protecting other valuable assets of the group/Kien Huat.
1 day · translate
cheng replied to comment on GENTING.
Offloading Empire's liabilities to GenM and free up Kien Huat from operating losses and debt burden, Yang2. Kien Huat can focus on Gent's prized assets?
1 day · translate
cheng replied to comment on GENTING.
Kien Huat offloading Empire to GenM is like peeling an onion, layer by layer :)
1 day · translate
cheng replied to comment on GENTING.
What happens in GenM stays in GenM, Kyory. That's the way forward it seems based on the Empire decision by Gent/Kien Huat.
2 days · translate
cheng replied to comment on GENTING.
GenS is solid, Vin. Showing improvement qoq including the recent qtr which is showing slightly more than 2% topline improvement compared to q4'24. RWLV ebitda margins above mid single digit compared to low single digit in Q4. Still far from 30% ebitda margins benchmark but I hope it can be at least 20% in 2 qtr time.
2 days · translate
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