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 PTRANS.
It's easier to ignore the risks and red flags, super B.
4 hours · translate
cheng replied to comment on PTRANS.
Not sure whether Genetec showing high capitalisation rate and high receivables risks similar to Ptrans. And wb expiring in Aug. Makes sense for Mr. Market to price in these risks. Chillax first.
4 hours · translate
cheng replied to comment on PTRANS.
Receivables - (1) can easily turn into bad debt and easily impaired by the company. (2) have a look at the balance sheet from q3fy25 report and you can estimate how much deposits they are holding vs how much owed by the customers. Deposit is probably around 12mil vs 66 mil receivables.
8 hours · translate
cheng replied to comment on PTRANS.
3 customers owed 75% of the total receivables in 2024. Total receivables increased from 28 mil to 66 mil by 3QFY2025. If the customers can't pay it in 2024 and 2025, can they become a good pay master in 2026? I think the risk is valid and should be monitored closely.
16 hours · translate
cheng replied to comment on QES.
trade the flow, follow the bankers and watch it go?
1 day · translate
cheng replied to comment on SCOMNET.
Lower sixties it is. Let's see how much is the gap between FY25 and FY24 from the upcoming qr.
1 day · translate
cheng replied to comment on PTRANS.
naik is expected as one of the few risks based on 2024 annual report is the receivable; 4 major customers and 3 customers owed 75% of the trade receivables. It is only natural that receivables to go up or write-off/impaired to reset. In this case, it went higher. Not sure whether similar risk in 2023 and before as I did not read the corresponding reports.
1 day · translate
cheng replied to comment on INARI.
Jan was a good month with foreign and local funds net buying. Feb started off with foreign net selling for 5th session - profit taking and risk off mode probably as earnings season for klse companies around the corner coupled with external headwinds. Let's see how it goes after CNY as the earnings season goes into full swing. US correction should be done by then :)
1 day · translate
cheng replied to comment on INARI.
distribution and scaling out
1 day · translate
cheng replied to comment on PTRANS.
Saya setuju tunggu tanda reverse dari segi TA. Boss cash out kuat2 sejak Feb'25.
1 day · translate
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