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 SKPRES.
Strong balance sheet indeed, Daniel. However, the bad news - revenue fell by 15% comparing to q2fy26 and net margins fell below 5%. A retest of recent low and potentially new low is possible. Either chillax and observe the breadth to ride the reversal trend or buy low for the strong balance sheet.
8 minutes · translate
cheng replied to comment on SKPRES.
count me in again :)
2 hours · translate
cheng replied to comment on CHB.
thats right, 臥㡣. more than 200mil orderbook on hands. this is from cleanroom segment :)
6 hours · translate
cheng replied to comment on SKPRES.
classic 20-20 rally :)
6 hours · translate
cheng replied to comment on SKPRES.
seems like funds rebalancing. probably rotating to other counters like Tenaga
7 hours · translate
cheng replied to comment on MI.
I will wait for the qr to confirm whether the rally has legs; positive spillover effect from the logic and memory demand
7 hours · translate
cheng replied to comment on CNERGEN.
2nd attempt to break into 5th floor. slowly but surely
7 hours · translate
cheng replied to comment on GENTING.
dont put much hope on dividend until 2030 in my personal opinion. RWS2.0 and RWNYC capital commitment is USD5bil and USD5.5bil respectively. RWS2.0 upgrades started and will pick up pace while RWNYC will start this year. Capex in FY2024 is approx RM4bil and FY25 capex should be more than RM4bil. Capex needs will go as high as RM8bil assuming additional USD1bil capex yearly until 2030. FY23 and FY24 net cash from ops is slightly more than RM7bil and that means cash flow is not looking good as upgrades pick up pace.
10 hours · translate
cheng replied to comment on GENTING.
There are 2 more variables added into the performance factors in 2026 onwards - (1) The 3.0 bil MTN issued this year for the financing of GenM acquisition at 3 months KLIBOR + 1.80 pc interest (~5.2 pc per annum) means additional 40 mil qtrly finance cost added; excluding any redemption this year onwards (2) Increasing GenM stakes from 49 pc to 73.8 pc means higher profit/loss attributable to equity holders and lower NCI.
16 hours · translate
cheng replied to comment on GENTING.
There will be foreign exchange gain, Vin. USD weakened / MYR strengthened by approx 5% in q4'25 comparing to q3'25 peak and approx 10% comparing to q4'24 peak. The forex gain/loss will not move the share price as can be seen from the past reports. SG, MY and US assets performance trends will have a bigger impact on the share price.
16 hours · translate
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