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 PTRANS.
(3) high debt as Daniel mentioned and dividend funded by debt / sukuk (4) inflated pbt and cash flow due to high capitalization of finance costs. These are the few risks that should be taken into consideration; earnings quality risk, financing risk, capitalization risk. I am not familiar with ptrans but saw these from the 2024 annual report. Not sure whether it's the same rolling in the deep style for previous years.
2 hours · translate
cheng replied to comment on PTRANS.
I was wondering what causes the oversupply situation to the extend of triggering margin calls. The boss has been selling for some time and began selling aggressively over the last 2 months. Flipped through 2024 annual report and few risks: (1) ~70% of the top30 shareholdings are pledged shares (2) 95mil of the 180mil annual revenue came from 4 major customers and 3 major customers owed 75% of the total trade receivables
3 hours · translate
cheng replied to comment on CHB.
haha, 臥㡣. The boss will tell us "I have provided 30mil liquidity to the market to the few funds/insti. I am not going to sell more"
9 hours · translate
cheng replied to comment on SHANG.
qr in 3 weeks time. lets see any signs of improved occupancy.
10 hours · translate
cheng replied to comment on QES.
will wait for another week. else, revisit after reading through the upcoming qr
11 hours · translate
cheng replied to comment on QES.
MI is still going strong, fibo :( No chance to re-enter at better risk reward yet.
11 hours · translate
cheng replied to comment on AWC.
keep it steady at 7th floor heading towards q1fy26 and continue its journey to pe15 thereafter
12 hours · translate
cheng replied to comment on PTRANS.
alright, daniel. all is well then.
12 hours · translate
cheng replied to comment on CHB.
retest 890
12 hours · translate
cheng replied to comment on PTRANS.
avoid ptrans if you dont have it, daniel. if you have it, you should at least read the qr/ar and you will see some risks in there. just as you mentioned yesterday high pe high market cap, hence, its cleaning up time.
15 hours · translate
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