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Straco Corporation
20-03-2020, 01:59 PM.
Post: #311
RE: Straco Corporation
Good news!
Spore Flyer will resume normal operation from 20 March 2020.

Now Straco just needs the people to return.

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30-03-2020, 11:32 AM. (This post was last modified: 30-03-2020, 11:33 AM by weijian.)
Post: #312
RE: Straco Corporation
Straco says Shanghai Ocean Aquarium to remain closed due to Covid-19

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30-03-2020, 09:18 PM.
Post: #313
RE: Straco Corporation
(30-03-2020, 11:32 AM)weijian Wrote: Straco says Shanghai Ocean Aquarium to remain closed due to Covid-19

This piece of action undertaken by the Chinese government speaks volume, much more than any official statistic from China.

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30-03-2020, 09:31 PM.
Post: #314
RE: Straco Corporation
This is an interesting case to know on the ground that how much is "the business as usual" in China.
How is it that the aquarium was closed again after reopening for less than two weeks?
Or it has not resumed business at all after the announcement on Mar 17?

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06-04-2020, 11:28 AM. (This post was last modified: 06-04-2020, 11:28 AM by weijian.)
Post: #315
RE: Straco Corporation
I was just looking through the Ctrip comments for both SOA and its competitor SHCOP. It was funny to observe that the comment/rating section continue to register new comments when they were closed from 25th Jan to mid March. During this time, SHCOP racked up ~200 comments, while SOA had ~150 comments.

Granted some people do post late after their visits but it is probably apt to say that the majority are bots (or paid human comments) at work over here.

SHCOP ratings on ctrip:
SOA ratings on ctrip:

@shiyi, like all other entertainment/tourist spots which opened somewhere mid March, all were forced to close down after the U-turn came from the CCP.

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06-04-2020, 09:59 PM.
Post: #316
RE: Straco Corporation
Nice observation Weijian.

Compared to Dianping, these Ctrip comments are indeed very low quality one-liner comments without photos. Any other observations that can provide more conclusive evidence that these are bots or paid comments at work? Also, what is the intent of Ctrip? Wouldn't doing so discredit the legitimacy of its brand in the long run?

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05-05-2020, 10:16 AM.
Post: #317
RE: Straco Corporation
Somewhere in mid April, the PRC Tourism Ministry had released a guideline where only outdoor parks can open again with a maximum capacity of 30% + strict social distancing and health measures

Straco is still closed as of now since it is fully indoor while its neighbour SHCOP (the fav comparison with SOA at VB) opened ~2-3 weeks ago with the mentioned rules in place. Also interesting to see Shanghai Disney theme park itself still closed as well.

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15-05-2020, 03:30 PM. (This post was last modified: 15-05-2020, 03:30 PM by weijian.)
Post: #318
RE: Straco Corporation
SOA reopens (with all the new rules) today!


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22-05-2020, 10:56 AM. (This post was last modified: 22-05-2020, 10:56 AM by weijian.)
Post: #319
RE: Straco Corporation
With ~1 month of operations (till ~25th Jan), Straco records a 3.39mil loss. After adding back the depreciation charges of close to 3mil (based on 1Q19 results), we are talking about ~0.5mil-1mil negative FCF in 1Q20. I thought this speaks of the strength of the FCF generative capability of Straco - when the chips are down, this strength really stands out.

Business Update

Overall visitation to all our attractions in the first quarter was 86% lower than the corresponding period in the prior year.

The Group incurred losses of $3.39 million for 1Q2020, compared to a profit of $8.51 million in 1Q2019, mainly attributable to the loss of revenue, while exchange gain recorded in the period mitigated the adverse impact brought about by the black swan event.

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18-06-2020, 09:57 PM. (This post was last modified: 18-06-2020, 09:58 PM by weijian.)
Post: #320
RE: Straco Corporation
Answers for certain relevant questions also asked and discussed on VB.

The question about rising prices is interesting. In current Covid-19 situation, I suspect rising prices to protect your profitability would be a PR disaster. Also interesting to note Mgt admitting that SHCOP "may" also be a factor. On a similar note, from ctrip, SHCOP is giving free entries for all medical staff (inclusive of HK/Macau too) but SOA isn't doing the same.


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