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.
Probably not, druncola :) 0.45 myr : 165 usd. That's like selling 1500 shares of QES to buy one share of spcx. That seems like a losing deal :)
8 hours · translate
cheng replied to comment on SKPRES.
That's right, Wong. It's a good sign indeed. Continue to observe :)
9 hours · translate
cheng replied to comment on GENTING.
Wah, Vin. That seems a bit serious if your positions in Gent is causing you to be in this state. Not worth it, Vin. Please take good care of your health.
9 hours · translate
cheng replied to comment on GENTING.
73.8% will flow to Gent, Vin
11 hours · translate
cheng replied to comment on AAX.
MoU booster incoming
13 hours · translate
cheng replied to comment on GENTING.
Lol, John. That's a good one. 75% is the min threshold to trigger delisting thru EGM, Daniel. Possible intention is to restructure/spinoff RWNYC out from GenM upon successful delisting. Unfortunately, could not get to the min 75%
14 hours · translate
cheng replied to comment on GENTING.
The guidelines mentioned is probably related to accounting and taxation. Take action is probably related to where to "park" RWNYC. Genting Berhad owns 100% of RWLV and this model structure could be an option. Or list GenM's US assets separately. It doesn't matter which action pathway that mgmt chooses as long as it is the cheapest to execute and highest benefit in terms of paring down the debt, increasing shareholder returns instead of the owner.
1 day · translate
cheng replied to comment on GENTING.
RWNYC earnings surpasses RWG is just a matter of time, Daniel. It will happen. If you look at the current weekly data, it's pointing to usd150mil to usd200mil qtrly revenue; usd600mil to 800mil per year. This is based on ~240 tables and ~2500 slots for phase 1. The full upgrades by 2030 will have ~3x the current tables and slots. Which means the yearly revenue can go up to 1.8bil to 2.4bil. Let's not forget it is based on current hold rate ~15% instead of the common hold rate of ~18%.
1 day · translate
cheng replied to comment on SFPTECH.
not sure about days of selling. It may retrace to mid-low twenties if it is a 6mil profit range/lesser for q2. risk mgmt is necessary and wait for q2 results.
1 day · translate
cheng replied to comment on GENTING.
Agreed, Vin. A GDV of 80bil spanning an area of 930 hectares is implying ~ 35mil per acre. Building castle in the sky first. Lol, no pun intended. Well, it is just launching and no completion date. Can be 10 years can be 20 years or 30 years :) I guessed they are comparing the value of Johor Tech Smart City (the land and all the planned developments) against the value of similar development in Singapore. Orange to apple comparison. Singapore's land cost itself can go up to hundreds of millions per acre.
1 day · translate
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