Laxputs

I appreciate that. Thanks.

Anyone following Texhong? Rising after a long time. I've owned this for years without much analysis, one of a few legacy stocks from following The Red Corner Blog. Anyone with thoughts on it? Thanks.

Great posts, guys. With Phase 1 of the light-rail opening in Dec'19, it coincides with virus awareness in that part of the world. Could be they knew sales were not going to do well. We could be looking at several years now until those sales start and with troubled revenues from lower hotel customers along the way.

Wonder how Keck Seng will do through his crisis. Youtube presentation from late 2019 of this fund's interest (English slideshow, Spanish narration).

Will FB make it through? They've had the toughest of times with the Macau gambling slowdown, the HK protests, the China-US tensions, and now the most severe: Covid. Selling the Hengqin development in Dec 2019, and getting a tenant signed to start paying April 2020 for their lease property are positives. But I have no idea how they'll fare. Thoughts?

Look up the p/e of an ETF across different investing sites and you will get different results. Some sites exclude negative earnings. Some sites include fully diluted share count. Some sites average the p/e; some sites weight the average of the p/e. There are articles written on this inconsistency problem. Seems to me the most accurate and reliable would be taking the earnings of all the companies in the index and divide that by the market cap. Which site does that? Does RBC Direct Investing analysis page do that? Thanks.

Thanks for that.

Any info on how the AGM went?

I'd enjoy reading those reports but an expensive paywall.

I appreciated reading Genyi's thoughts. I've also held for several years, but am not sure what to think now given the results of the Souvenir stores, Henqqin, and the vacant rental property. Admittedly, I was being hand held by convincing analysis from The Red Corner Blog, but the radio silence from there adds to my insecurity on this one. -Tom

Anyone still own Texhong and want to hash out some numbers over skype or email? Would be nice to collaborate. PM please.

Management is always intent on expansion "The Group’s current business strategy remains to be to cautiously open new restaurants or food souvenir shops to generate more revenue with a focus more on mass market restaurants. Management is currently looking for opportunities for opening new restaurants and food court counters in Macau, and is cautiously expanding its mass market restaurants in both Hong Kong and Mainland China in the next two years. The Group is also exploring the viability of cautiously expanding its mass market restaurants into the Taiwan market." So more Food Souvenir shops even while their results have been terrible. And expansion to another country when the results within their own border have been terrible. Meanwhile they are without renters of their rental properties and still committed to their large investment project in Hengqin. It's hard to have faith in management. Thoughts?

I have a position but did not receive a call, yet. I will also tell them no to the deal. Please input any updates and thoughts here.

Did you ever get any answers? Seems questionable to ramp up the sales force to take losses--even if they are temporary losses. Wouldn't you just fund those salaries through sustainable cashflows if your other locations were making money?

Anyone still owning this? Any analytical thoughts? Obviously an industry in a hard spot. Making losses. No revenue projections. Sold TC Backhoe. Lots of debt but I believe it was reduced from 36m to ~23m. Shady management.