Attended soft opening of MAPS, very disappointed coz i think only 50% rides is opened, other is closed under testing. All rides is fun fair standard, i wondering how long it will takes to make profit for the group. Long queue for 1st day is mainly due to annual/perak pass redemption as photo is required n it has taken very long hour to made the pass.
Just do a quick survey around all perakian, MAPS is worst than lost world tambun. Just compare entrance fee u will know that MAPS ticket price will reduce substantially after half or a year later..thus don't expect theme park can generate more profit for the group
The Group, through PCB Development Sdn Bhd’s 51% shareholding in ATP, is overseeing the construction of a comprehensive entertainment park which will feature MAPS. The park is expected to begin operations by June 2017. MAPS forecasts to generate revenue of approximately RM158.6 million in 2017 once the park begins its operation. The challenge involved would include achieving the number of visitors targeted per annum that would affect the revenue target. To mitigate the risk, the Group is setting aside a RM15.5 mil budget for advertising & promotions.
I expect MAPS revenue to be 11.7 mil in 2017 with average 500 visitors per day. The reason i set such low number of visitor per day is because the facilities set up such as rides, performance stage, 4D theater, cafe n others are so small ..i wondering how to accommodate their target 7000 visitors per day. With 51% stakeholder, assume 6 mil revenue generated for prkcorp in half a year may not be good n i will foresee this theme park will b a burden to drag down overall profit of the group.
To add on MAPS visitor was given wristband without barcode n there is no turnstile set up at main entrance, just wondering how they keep track the number of visitor..another big loophole observed during first visit. Hopefully this theme park running by state govermnent is not for charity purposes just like bulatan 18 build in front of casuarina hotel. I would foresee many visitor will have free entrance if the ground control is not tight enough.
This animation theme parks is suitable for families with children and most of the comments given by the visitors were positive. If their children feel happy, parents also feel happy and worthy.
I had visited to Tokyo Disney and Singapore universal studios found not much different to MAPS, only lack of roller-coaster and rafting adventure which might not be suitable for young children.
We can found a lot of negative comments at face book _MAPS ANIMATION THEME PARK, pls take note that official MAPS website/FB has filtered a lot of negative comments...
dollar for dollar universal studios in Singapore is only SGD 76, MAPS should lower their ticket prices to RM 80, cos universal studios Singapore offer better value for money
I also found that USA six flags theme parks, Tokyo Disney and Singapore universal studios nothing special if compared with MAPS buy they still can make profit until today.
Most of them go to redeem annual/perak pass, another misleading indicator to show outsider people that the theme park is very crowded, the process to redeem the pass at ticket counter is long as they need to snap photo. Some visitor said photo taken prior soft opening but why still need to snap again..the answer is please help them to be their supporter since got 1 free t-shirt given as complimentary gift. This create multiple complaints n unfair to those ppl who Hv brought the pass 1.5 years ago.
Yes, we r evaluate tis counter since theme park business has started but we r not so keen to invest now as the new business is control by state gov/prkcorp, i would prefer sanderson group to run the theme park at least can show a bit high standard. Theme park business can b very successful if all ppl can participate n hv fun instead of focus is only on children/kids to hv fun in the theme park.
I bought pworth at 0.09, smtrack at 0.025-0.04, tenaga at 5.00-6.00 and Mudajaya at 0.75-1.15 I like to take risk at bottom because the chance to win is much higher than lose.
I buy MSM because raw sugar price dropped from 21 to 12.85, I buy Scable because of it's Indonesia hydroelectric project, I buy PRK for it's MAPS and 962acres land under processed by pejabat tanah n galian Perak.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ymchan
162 posts
Posted by Ymchan > 2017-06-26 21:37 | Report Abuse
Attended soft opening of MAPS, very disappointed coz i think only 50% rides is opened, other is closed under testing. All rides is fun fair standard, i wondering how long it will takes to make profit for the group. Long queue for 1st day is mainly due to annual/perak pass redemption as photo is required n it has taken very long hour to made the pass.