Heiwa Corp: FY 2019 Guidance Too Optimistic?
Heiwa has two business units; gaming and golf course management business. The Gaming segment builds pachinko and pachislot machines that have been...
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NagaCorp: Very High Capex Intensity Another Red Flag After a Corporate Governance Debacle
Nagacorp Ltd (3918 HK), a gaming operator in Cambodia, has a profitable operation despite a niche location. However, we have a big reservation...
477 Views
Genting Malaysia: A Confluence of Positive Factors Raising Buy Conviction
A call with the IR of Genting Malaysia Bhd (GENM MK) reveals that a confluence of positive factors is at play. GENM saw a surge in visitations to...
999 Views
Q2 Top Long and Short Ideas: GOOS, BZUN, Macau Gaming, JD, and MOMO
Top Long - Canada Goose Holdings Inc (GOOS US): Long thesis is GOOS’ global under-penetration and margin expansion as the business goes from...
180 Views
Macau Gaming - Little Impact from Police Sweeping Underground Banks, GGR Supported by Stable M2
Macau News:Last weekend, more than 100 mainland policemen swept the illegal foreign exchange counters at one basement mall in Gongbei. We believe...
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