OLYMPIA INDUSTRIES BHD

KLSE (MYR): OLYMPIA (3018)

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Last Price

0.065

Today's Change

0.00 (0.00%)

Day's Change

0.06 - 0.065

Trading Volume

1,070,800


6 people like this.

1,636 comment(s). Last comment by chinaman 20 hours ago

Posted by Warren_Buffett88 > 2020-09-21 10:36 | Report Abuse

xinhwa potential to reach TP 66sen...

Posted by onexoxdealer > 2020-09-22 19:34 | Report Abuse

One day show nia?

chinaman

3,302 posts

Posted by chinaman > 2020-10-02 14:19 | Report Abuse

PETALING JAYA: The gaming sector looks like a fairly safe bet for those looking to deploy a more defensive investment strategy, said CGS-CIMB Research, which has an “overweight” rating on the sector.
The report noted that number forecast operator (NFO) sales have steadily climbed to 80% to 85% of pre-movement control order (MCO) levels in September, since outlets re-opened on June 17.

The research unit said this should be faster than recovery in casino volumes, thanks to NFO outlets’ closer proximity to punters, non-reliance on foreign tourism and lesser impact of social distancing measures on operating capacity.
Also, while illegal NFOs have been the main drag on legal NFO sales since 2010, the latter has seen a slight 2.9% growth year-on-year in 2018 and 2019 as authorities stepped up enforcement against illegal NFOs.

This has continued in the first seven months of 2020, with 3,015 raids on illegal gambling dens and the crippling of 61 syndicates (compared with 32 in 2019).

chinaman

3,302 posts

Posted by chinaman > 2020-11-08 11:30 | Report Abuse

Budget 2021: No add. gaming tax as many feared 2) Rural development myr2.7Billion 3) Sabah state dev myr5.1billion 4) Sabah poised to collect RM1.25b sales tax from Petronas next year Biggest gainer is Sabah among all states

thesteward

6,782 posts

Posted by thesteward > 2020-11-12 10:43 | Report Abuse

Start watching.

akc008

54 posts

Posted by akc008 > 2020-11-17 20:58 | Report Abuse

Long time accumulation believe can go v far

Posted by Kingofsanichi > 2021-02-18 22:02 | Report Abuse

Recently look like got volume, but need break 0.105 first

Posted by Kingofsanichi > 2021-02-22 07:14 | Report Abuse

Averange target price 0.60, buy buy buy

nahcee

480 posts

Posted by nahcee > 2021-02-22 15:08 | Report Abuse

this stock me alr keep 3 years. Hardly see its goreng.

Posted by stockhunter888 > 2021-02-22 19:05 | Report Abuse

This time is diferrent...

Posted by Kingofsanichi > 2021-02-22 21:52 | Report Abuse

How diferrent? Can explain?

Posted by Kingofsanichi > 2021-02-23 22:41 | Report Abuse

But recently no have any insider news about this stock

Winner88

520 posts

Posted by Winner88 > 2021-03-01 09:52 | Report Abuse

most rubbish stock i ever seen, dead fish for many years. now request for extension of QR report. better delisted

Posted by Kingofsanichi > 2021-03-02 22:07 | Report Abuse

But this company ling time no goreng, maybe goreng soon

Posted by Kingofsanichi > 2021-03-03 21:38 | Report Abuse

Y i feel will goreng soon?

Posted by Kingofsanichi > 2021-03-05 22:44 | Report Abuse

Still flat at 0.09

Posted by Kingofsanichi > 2021-03-10 23:32 | Report Abuse

Strong suppport at 0.09

Posted by BountyOfTheBourse > 2021-03-10 23:34 | Report Abuse

got any good story for goreng aah

Posted by BountyOfTheBourse > 2021-03-10 23:35 | Report Abuse

if got something easy to fry la

Posted by BountyOfTheBourse > 2021-03-10 23:35 | Report Abuse

becos price so cheap one

nahcee

480 posts

Posted by nahcee > 2021-03-11 06:16 | Report Abuse

Just park some fund here, wait for goreng.

Posted by Kingofsanichi > 2021-03-11 07:16 | Report Abuse

Many of property share already start goreng, after vacine come, now is goreng recover stock like property, consumer, construction

fitman888

12 posts

Posted by fitman888 > 2021-03-11 10:38 | Report Abuse

Our money is getting smaller with US printing and pumping in ridiculous amount of money into their system. The only way to preserve your money is to buy quality assets like Olympia with prime land at Sri Hartamas (Kenny Heights). This land is still stated at cost in the book. NTA will easily more than RM0.70 per share if we take into account of the current value of this prime land. Don't forget our bank interest is all time low and the Kenny Height project ( JV with Dutaland )is on the verge of launching their condominium sales anytime from now. Downside is limited but the upside with potential billion dollar gross development sale will be unlimited especially the market capped of Olympia is less than RM100m.

Want2Win

2,553 posts

Posted by Want2Win > 2021-03-11 12:48 | Report Abuse

volume still so small

Want2Win

2,553 posts

Posted by Want2Win > 2021-03-11 12:48 | Report Abuse

how to up leh

Posted by Kingofsanichi > 2021-03-11 17:04 | Report Abuse

Finally up

Posted by Kingofsanichi > 2021-03-11 17:37 | Report Abuse

Undervalue gem, at least 0.50 above

fitman888

12 posts

Posted by fitman888 > 2021-03-11 18:13 | Report Abuse

The company sold 9 acres of it's Sri Hartamas land to a 3rd party for 150m or rm380/sq ft back in 2016/17.....Now the co still have 60 acres ( 42% ownership ) left or effectively 25 acres left in the book. Is 25 acres of Sri Hartamas land worth only 140m or RM128/ sq ft which is stated at cost ( more than 10 years ago )in the balance sheet? Don't forget also this is a PRIME FREEHOLD land and will only get more and more valuable with time especially in this low interest rate environment. Don't forget also the management is actively working behind the scenes to develop this prime land and create values for the patient shareholders...The management repeatedly said that they were just waiting for a good time to launch the project. Yes, it is been a long time but believe me, It will be worth holding.

fitman888

12 posts

Posted by fitman888 > 2021-03-11 18:45 | Report Abuse

If you have 100M what do you do? I will buy 100% Olympia shares assuming i can get all at rm0.10 and below. Then with 100m investment, i will gain control over

1) 25 acres of Sri Hartams Freehold land easily worth RM430M
2) Menara Olympia worth RM300M with bank loan of 120m. Net 180M
3) Sabah gambling (Sabah88) license & operations for free since it is not stated in the book.
4) 1400 acres of Seremban land worth 57M
5) 60M cash + 20M current assets which will be enough to pay all the co debts.

Super undervalued. It is a matter of time before the market discover it.

Posted by Kingofsanichi > 2021-03-11 23:57 | Report Abuse

Hope tomolo will fly

Want2Win

2,553 posts

Posted by Want2Win > 2021-03-12 00:14 | Report Abuse

waah

Want2Win

2,553 posts

Posted by Want2Win > 2021-03-12 00:14 | Report Abuse

up 1 sen

Want2Win

2,553 posts

Posted by Want2Win > 2021-03-12 00:14 | Report Abuse

up 10.53%

Want2Win

2,553 posts

Posted by Want2Win > 2021-03-12 00:15 | Report Abuse

very good

nahcee

480 posts

Posted by nahcee > 2021-03-12 00:44 | Report Abuse

Sleeping beauty finally wake up after so long. Tomorrow will fly.

Winner88

520 posts

Posted by Winner88 > 2021-03-12 08:22 | Report Abuse

One day show lapsap, u buy u trapped, u dont buy it fly until u trapped.

fitman888

12 posts

Posted by fitman888 > 2021-03-12 11:10 | Report Abuse

If you are wondering how such a small co like Olympia going to undertake such a mega size development project in Sri Hartamas ( Kenny Height Project)? Where do the co get the fund? The answer is the fund is already available. It is sitting in it's JV partner Dutaland ( sister co, same owner) bank account. A Whopping 520M CASH!!! Everything else is ready just waiting for a good market sentiment to launch the project.

Posted by Kingofsanichi > 2021-03-12 21:20 | Report Abuse

i3 give tp 0.60, actually oylimpia is undervalue gem

Posted by Kingofsanichi > 2021-03-15 18:03 | Report Abuse

No bad, close 0.105

fitman888

12 posts

Posted by fitman888 > 2021-03-16 20:54 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3139267

Related party transaction. 2 vacant and 2 low yielding rentals 4-storey town villas in exchanged for hard cash from cash rich Dutaland. Transacted closed to net book values of Olympia. Good deal for Olympia shareholders as cash is always better than fixed assets that are not creating values for the co. Bulk of the proceeds will be reserved to pay co short term interests & liabilities. With cash rich Dutaland backing Olympia, the co can survive & excel even in this pandemic. Thank you Dutalnd.

Posted by Kingofsanichi > 2021-03-16 21:17 | Report Abuse

Next qr will good profit

fitman888

12 posts

Posted by fitman888 > 2021-03-16 21:51 | Report Abuse

If you read the announcement in details, you will see that there won't be any profit from this disposal. In fact the co estimated to make a loss of RM21,880 from this transaction. What is more important is the co now have more cash instead of some dead assets. The cash also allow the co to breath during this difficult time. With most of the short term bank interests and liabilities taken care of ( liquidity risks ), it also tells you there is not much downside for this stock.

Posted by Kingofsanichi > 2021-03-17 22:11 | Report Abuse

Still flat at 0.10,is time to enter?

Posted by Kingofsanichi > 2021-03-18 19:12 | Report Abuse

Think now 0.095 is strong support, if can break 0.11 is pretty good

DreamEmperor

3,340 posts

Posted by DreamEmperor > 2021-03-18 19:48 |

Post removed.Why?

DreamEmperor

3,340 posts

Posted by DreamEmperor > 2021-03-18 19:48 |

Post removed.Why?

DreamEmperor

3,340 posts

Posted by DreamEmperor > 2021-03-18 19:48 |

Post removed.Why?

DreamEmperor

3,340 posts

Posted by DreamEmperor > 2021-03-18 19:48 |

Post removed.Why?

DreamEmperor

3,340 posts

Posted by DreamEmperor > 2021-03-18 19:49 |

Post removed.Why?

DreamEmperor

3,340 posts

Posted by DreamEmperor > 2021-03-18 19:49 |

Post removed.Why?

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