Gent will have to fund the balance (617mil - 300+ mil) to fully redeem it by jan'27. Can be funded by dividend income from gens/genm, existing cash balance, interest income or even the additional income from rwnyc. I do not see any risk coming from the notes expiring in jan'27

It's impossible to derive a conclusion from our end, Philip. The reason is we do not know who are the institutional/investors for the 1.5bil notes and they may have their own reason to keep receiving the distribution until Jan'27. From Gent perspective, the balance usd617.5 mil in the doc will have to be redeemed by Jan'27. And usd1.25 bil notes has been listed SGX which means there will be a net cash movement for Gent of usd300+ mil (1.25bil - 882mil).

Those that didn't get it will have to hope for it to be Oppstar 2.0. Lol, no pun intended. Oppstar seriously need ARM's CSS and then hire engineers as Oppstar's IP count is miserable. ARM's CSS will help Oppstar to get some design job perhaps. But it's not going to be cheap. If they are granted the CSS, private placement is probably needed to fund the CSS licensing.

Makes sense with the hype due to the results achieved so far. Founded in 2020 and scaled to 100 mil revenue as of 2025; high growth if you will. They have achieved this without ARM's CSS. They are reviewing ARM's CSS granted to them by the gomen and mentioned in the prospectus too; potentially scale higher. All the risk factors are mentioned in the prospectus too. So, it is definitely worth the hype but not everyone will be successful in the IPO application.

its alright, Eddy. After all, we can still get updates from foreign news/media. All we need to do is just monitor the performance. For RWS, 2026 performance will be critical towards Feb'27 license renewal. Most of the phase 1 intended renovations and disruptions have been completed with The Laurus being the last one end of last year. Realistically, RWS contribution to Gent group from ebitda perspective should at least be above rm800mil per qtr. As for RWNYC, Fitch estimated ebitda usd215mil contribution in 2026 which means rm200mil per qtr. So, Gent's US & Bahamas segment ebitda should at least contribute rm300mil per qtr in Q3'26; full qtr contribution of phase 1 RWNYC and RWLV summer promotion. RWLV q4'25 ebitda is ~ 60mil. Just my own expectations and could be wrong.

yes, fibo. But I doubt will able to get it. Will be happy if i can just get a small qty. National team will be holding it tightly and grab the tickets.

Hope all IPO applicants will be successful with their applications. The best bet for Malaysia to have our own local chip design company.

waiting in the queue at 2.50

As Is - 1.2bil order book on hands for construction :) 840mil GDV for property segment from Ara Phase 2 and Phase 3 launching in Q4'26 which will provide earnings visibility for property segment over the next five years; ~RM110mil revenue per year contribution from property segment assuming 70% take up rate / sales from the 840mil and divide by 5 years.

buy in batches and dont rush it. QR end of May and Trump-Xi meeting mid of May. Both events can influence market sentiment - risk on or risk off :) Dyson continues to launch new products and it will be interesting to see any impact to skpres. Last qr saw an increase of ~4mil contract liabilities and hopefully it is advance billing from customer for moulding/modification works.