cheng

  • Following

    0

  • Followers

    1K

Fame: 7,739
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.
just noticed the MoU announcement - the details of China collab. Looks like a win-win partnership but it has zero value now - MoU/intention stage. A contract or definitive agreement needed. QES - expand product range to x-ray inspection machines from Unicomp (distribution) or manufacturing+distribution. Unicomp - leverage QES's ASEAN distribution network to sell their x-ray inspection machines. Unicomp seems to be a strong company and it has at least 6 patents.
11 hours · translate
cheng replied to comment on SFPTECH.
Lol. Only IBs can issue tp and buy/sell call. But the latest inputs from mgmt means it's not too much to set expectation of more than 30mil revenue for Q2. Anything lower will jeopardise mgmt's reputation.
14 hours · translate
cheng replied to comment on GENTING.
The institution added: “Earnings should strengthen from second-quarter 2026 onwards, supported by RWNYC table games revenue and lower gaming machine tax rates https://www.ggrasia.com/a-lower-gaming-machine-tax-at-rwnyc-could-boost-genting-malaysia-earnings-maybank
15 hours · translate
cheng replied to comment on SFPTECH.
its not just returned to black, d4v3 :) we saw inventories built up as of end of Dec'25, finished goods contributed half of it and mgmt mentioned that they received customer commitment from their MNC customers, and MNC customers count grew from 3 to 8. If we look at Q1FY26 results, we are starting to see new geo entries which is consistent with mgmt's inputs and the inventories jumped in Q1 again by slightly more than 5mil. Latest inputs showing delivery starting Q2.
16 hours · translate
cheng replied to comment on QES.
the contract liabilities jumped by 6mil in Q1 to 23mil from 17mil as of Dec'25 and inventories built up by 9mil from Q4 to Q1. Thats quite a huge jump within a qtr :)
17 hours · translate
cheng replied to comment on QES.
True also :) current fiscal year balance sheet is the strongest by far.
17 hours · translate
cheng replied to comment on QES.
yoy metrics will be good, undertaker :) I am looking at qoq - the balance sheet is strong, contract liabilities typically a proxy for orderbook is strong but the manufacturing revenue is not strong in Q1. I am not sure Mr. Market will be willing to provide quotes above 52? May need to wait a bit more.
18 hours · translate
cheng replied to comment on QES.
qoq comparison - Its the usual soft Q1 and the usual culprit of lower revenue for manufacturing segment resulting in 1.5mil loss (not able to cover the fixed cost). The plus side - inventories jumped, contract liabilities (customer deposits) jumped higher and balance sheet becoming stronger again - higher cash balance and lower receivables.
18 hours · translate
cheng replied to comment on QES.
haiya, the boss could not buck the usual Q1 trend :( dang, you guys are really fast in reading reports.
18 hours · translate
cheng replied to comment on GENTING.
I am thinking the boss may not rush it now, Eddy. This is due to RWNYC and Catskills situation. RWNYC just launched live table games and the focus will be on ramping up the operation; taking full advantage of the first mover advantage and to produce strong initial ggr in the first 6 months. Catskills on the other hand has to refinance the 300mil bonds and potentially restricting the non-gaming asset sales plan.
18 hours · translate
Load more