PERAK CORPORATION BHD

KLSE (MYR): PRKCORP (8346)

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Last Price

0.31

Today's Change

-0.085 (21.52%)

Day's Change

0.31 - 0.39

Trading Volume

2,400


3 people like this.

1,384 comment(s). Last comment by mf 1 day ago

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.

Ymchan

162 posts

Posted by Ymchan > 2017-06-26 21:47 | Report Abuse

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

didi2005

302 posts

Posted by didi2005 > 2017-06-26 21:58 | Report Abuse

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.

Ymchan

162 posts

Posted by Ymchan > 2017-06-27 06:10 | Report Abuse

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.

Ymchan

162 posts

Posted by Ymchan > 2017-06-27 07:11 | Report Abuse

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.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 10:00 | Report Abuse

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.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 10:30 | Report Abuse

http://peraktoday.com.my/2017/06/maps-satu-tarikan-pelancongan-terbaru-di-perak/

According to the lembaga pengarah MAPS, Ramelle Ramli said about 5000 visitors enjoyed their visit to MAPS yesterday.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 10:40 | Report Abuse

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.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 10:47 | Report Abuse

Zone stunt lagend only available at MAPS not found at others theme parks.

Ymchan

162 posts

Posted by Ymchan > 2017-06-27 11:59 | Report Abuse

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...

Ymchan

162 posts

Posted by Ymchan > 2017-06-27 12:06 | Report Abuse

Wow, thestar news really go all out to promote MAPS, just because of the 15.5 mil budget for advertising n promotion.

mike90

203 posts

Posted by mike90 > 2017-06-27 12:13 | Report Abuse

Visited and nothing special.
No wonder share price dropping like waterfall even before opening.

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-06-27 12:15 | Report Abuse

$ 130 a ticket?

they mad or they think people mad or what?

a family of 4 is $ 520.

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-06-27 12:17 | Report Abuse

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

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 12:24 | Report Abuse

How about Lego land Malaysia? Rm146 for mykad holder after 25%discount.

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2017-06-27 12:28 | Report Abuse

the top in penang by owg RM 150 more worst,less to see yet so expansive,who wanna go?

Ymchan

162 posts

Posted by Ymchan > 2017-06-27 12:29 | Report Abuse

That is why we visit other country theme park instead of in Malaysia..our theme park really expensive n very low standard.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 12:31 | Report Abuse

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.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 12:34 | Report Abuse

For me, MAPS is a very good or friendly place to family with young children.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 12:39 | Report Abuse

Malaysian should support local animation theme parks so our young children got a good and affordable place to go during school holidays.

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-06-27 12:42 | Report Abuse

they have priced themselves out from the mainstream.

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-06-27 12:44 | Report Abuse

smarter is lower minimum with add ons.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 12:47 | Report Abuse

Not many family with young children in Malaysia afford to go abroad to visit animation theme park.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 12:55 | Report Abuse

Today MAPS still very crowded, go to FB having a look.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 13:03 | Report Abuse

MAPS let all malaysia's children dreams come true. Don't spoil our children's dreams.

VenFx

14,784 posts

Posted by VenFx > 2017-06-27 13:13 | Report Abuse

let's examine their qtr3 results by Nov 2017, we shall hv a better feel from MAPS .

moneykj

6,142 posts

Posted by moneykj > 2017-06-27 13:18 | Report Abuse

One of 2P counters to make money for GE14.

Ymchan

162 posts

Posted by Ymchan > 2017-06-27 13:29 | Report Abuse

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.

VenFx

14,784 posts

Posted by VenFx > 2017-06-27 13:33 | Report Abuse

That's doesnt seem to be professional,
MAPS should customers oeriented above all ...

Hope the management alert this ...

Ymchan

162 posts

Posted by Ymchan > 2017-06-27 13:34 | Report Abuse

We observed 4-5 ticketing counter open for annual/perak pass holder vs 2 ticketing counter for day pass..

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 13:34 | Report Abuse

Today is crowded inside the park .

VenFx

14,784 posts

Posted by VenFx > 2017-06-27 13:34 | Report Abuse

That's doesnt seem to be professional,
MAPS should be customers oriented above all others ...

Hope the management alert this ...

stockmanmy

6,977 posts

Posted by stockmanmy > 2017-06-27 13:39 | Report Abuse

its a leadership crisis.

management is divorced from customers.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 13:47 | Report Abuse

Suddenly so many people come to this forum means they are interested in this counter and hope people will sell cheap to them.

VenFx

14,784 posts

Posted by VenFx > 2017-06-27 14:13 | Report Abuse

Eh1964,
i saw your sharings here , and interested with MAPS .
Still Kiv ... as there are no tarack record yet.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 14:27 | Report Abuse

Yeah, then wait for Q3 result lol.

Ymchan

162 posts

Posted by Ymchan > 2017-06-27 14:44 | Report Abuse

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.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 14:55 | Report Abuse

More to come including roller-coasters.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 15:08 | Report Abuse

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.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 15:13 | Report Abuse

Now buying MSM, SCABLE and PRK, all near the bottom price.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 15:17 | Report Abuse

I always chase low and sell high.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 15:19 | Report Abuse

This is the only way I can make huge profits from this full of lie and sharks market.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 15:30 | Report Abuse

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.

Ehl1964

980 posts

Posted by Ehl1964 > 2017-06-27 16:11 | Report Abuse

Full house at stunt legends arena of MAPS.

Posted by Geevakumaran Manorgra > 2017-06-27 17:08 | Report Abuse

See tomorrow prkcorp share price closing

xiohai

132 posts

Posted by xiohai > 2017-06-29 14:36 | Report Abuse

don"t run business ,better sale all assure and return to share holder .

firehawk

4,783 posts

Posted by firehawk > 2017-06-29 15:12 | Report Abuse

agree! before make huge losses ...

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