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 ZETRIX.
The math makes no sense at all :) 3.7bil development costs, added 900mil in 1H2026 and amortised 90mil in 1H2026 only. These also means the revenue by these 3.7bil assets will last for a long long time; painting the picture of high growth low risk. This itself is a red flag.
17 hours · translate
cheng replied to comment on ZETRIX.
Most likely the boss will pare down his positions further before any resignation notice, Adama. The next qr development asset will ballooned further to 4bil, higher revenue and higher net profit unless it is being reset via impairment / higher amortisation. The equation burst after Q4FY25 :)
18 hours · translate
cheng replied to comment on ZETRIX.
C'mon audit committee. Protect the retail shareholders by initiating a special independent review or forensic audit. Only then, SC can steps in :)
22 hours · translate
cheng replied to comment on ZETRIX.
But the question arises if the company can keep up with the development cost considering the steep fall in its share price. Also, it is unclear if the customers of its blockchain and AI related services are entirely from its overseas markets.
22 hours · translate
cheng replied to comment on ZETRIX.
No actions from audit committee while auditor that signed off the independent auditor's report has been sanctioned by SC. https://www.klsescreener.com/v2/news/view/1790923
23 hours · translate
cheng replied to comment on ZETRIX.
Yeah, it's worthless. No chance to go up to 70 based on limit down club members track records. By Nov, the index funds will probably exit by then after MSCI review.
23 hours · translate
cheng replied to comment on ZETRIX.
The ~18% shares disposed by boss are being absorbed by retailers and boss's friends perhaps. Boss owned company to widely held company. Lol, no pun intended.
23 hours · translate
cheng replied to comment on ZETRIX.
Can't rule out there could be some hedging before the price falls, back when it's at 0.70+
23 hours · translate
cheng replied to comment on ZETRIX.
Next Lion ain't wanna get involved in the mess or else, his list listed stock in KLSE will be affected too :) Next Lion is wholly owned by Sean Yap Shon Leong, CEO of M&A Value Partners Asset Management Malaysia Sdn Bhd, whose shareholder is M&A Equity Holdings Bhd
23 hours · translate
cheng replied to comment on ZETRIX.
Top30 holding less than 45% based on AR2025 and there are no other substantial shareholders other than the boss itself at ~30%. His shareholding has fallen to ~12% and no announcement of substantial shareholder. Let's not forget there's a long list of call warrant issuers and many market makers there who are also fighting for survival - managing their hedging positions and when price falls, delta falls, they will need to offload the hedging shares.
23 hours · translate
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