Dear Wallen, unfortunately what you have forecasted that OWG would rebound today did not happen. Very likely tomorrow would close at RM2.80 (strong support level). And the ex-bonus price would be only RM2.33.
Today down because of market all down , when u see a good counter u just hold it and until good price to sell , is better than u change so much counter . Sometime if u say to a simple playing , we see 1 years and compare to u keep change counter play at last maybe u will earn less than I hold on only 1 counter =)
Posted by ProfitMan > Jan 11, 2016 10:40 AM | Report Abuse
OWG has good support at 2.89. Its TA doesn't look entirely bad. It has broken out of its resistance at 2.98/2.99 on 23/12/15 and is currently consolidating. Trading volume has increased recently. If 2.89 support is broken down, then weakness would creep back into this stock.
25/02/2016 2nd quarter results (should be seasonal good) April 2016 Komtar Theme Park official opening 25/05/2016 3rd quarter results June 2016 Genting indoor renovation and entertainment completed 2017 20th Century Fox Theme Park
We can either buy the stocks now at RM2.83 per share & wait for another 3 months for the opening of The Top @ Komtar in April 2016 or we can wait for another 3 months, thereafter buy the stocks at double the current price. The choice is yours.
" Thank you for all the feedbacks. Many from Penang are sceptical on Komtar. But outsiders may see it with a different picture. Every public holidays, the journey by car to Penang from KL took about 8 hrs, double the usual time.
Penang is Malaysians number one destination besides KL. Many new places of attractions have been created. People do not just visit the old places like Gurney Drive, Batu Ferringhi, Balik Pulau, Snake Temple & Kek Lok Si. Once a dead attraction, Bukit Bendera (Penang Hill) is now bursting with tourist. Just to get on the train took more than 2 hours during public holidays of May 1 & Dec 25.
The dirty & smelly back lanes are also full of tourist appreciating those nostalgic wall murals. A visit to George Town will not be complete without queuing to treasure the 'Little Children On A Bicycle' mural in Armenian Street, painted by young Lithuania-born artist Ernest Zacharevic.
Tourist interested in local culture also lines the numerous Chinese Clanhouse Kongsi, especially the famous Khoo Kongsi, the grandest clan temple in the country.
The clean & scenic Straits Quay, Penang's first & only seafront retail marina is also not to be missed.
Many unwanted places have been turned into popular attractions. Why is it different for Komtar ? Komtar is a Penang Revitalisation Project and i belief the state government will ensure it's success. "
RIKKI ....What is the estimated volume for foreign tourist to visit Penang that don't know much about penang ? As I know tour agency will sell luxury or good attraction place like komtar rooftop semilar to macau. I will think semilar like Malaysian visit China package 'buy buy buy' eat eat eat' walk walk walk ' btw komtar rooftop is a good attraction to sell for inbound tour. It just my comment.
people will go there for an experience to see the view. Just like Marini on 57 at Petronas and also their rooftop view experience. It's about Lifestyle. Penang is ready for it. CM will make sure it works. Tourism for Penang !
Once Komtar open, can see the amount of publicity from both Genting group & Png Ministry of Tourism. Be Optimistic. 20th Century Fox in Genting is another mega project . Why travel to Singapore when our currency is low? Singaporeans will flock to Genting !!! Dont forget OWG control the F & B in Genting.
buy today now is too high. better buy tomorrow because usually after ex-date will drop. if ex-date not drop, then buy when bonus start trading because sure people sell to take profit. So no hurry.
Finally close at RM2.92. So tomorrow it will start trading at RM2.43. I will try to top up when each time it reaches the region of RM2.25. Hope to see RM3.00 in April.
Those who bought yesterday or earlier are entitle to it. Bonus issues is just to make the share price looks cheaper. Don't sell too early. It will slowly climb back to RM3 and very likely to break RM3 in April when the TOP @ KOMTAR starts to operate.
Asian shares made their first real rally of the year on Wednesday after Chinese data trade data beat expectations, offering a rare shaft of light for the global economy.
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....
Devi
25 posts
Posted by Devi > 2016-01-11 17:13 | Report Abuse
Thx @wallen