since owg took over batu pahat wet world,i notice there r a few changes..the wet world is organising more events,like fishing competition,marathon competition,etc..n it is more lightings esp at night..i believe with better management,it will slowly attract more tourists from singapore,keep it up..i've faith in owg.
Trade volume has increased, however it is still tiny. It went up 10c then dropped 10c. Its being manipulated by the looks of it. Market sentiment is bad, I would still say don't buy high.
Some ppl just simply like to spread falsehoods & confusion to victimize others. And, those who dun do their homework and keep abreast w developments in OWG w tend to b their easy victims.
I agree with u u guys r correct. We must do homework in any stock we wnt to invest. If u think u r right, do believe in ur decisions n ur investmt. I just wish to share frm as an experience investor in mkt. Im getting old auntie im still learning hw to b better i like to catch up with other smart investors way of thinking investing in a stock.
Wherever the delay comes from, it is still exactly that, a delay, which impacts revenues and profits, fact. So therefore, no vehicle for an increase in either until completion of the project which is over budget and delayed. Unless there is another vehicle or projects in the pipline any talk of this share increasing is pure speculation, or an attempt to raise more money. Till no now news on any new projects etc etc
Relax! Dnt worry too much..speaking as an experience long time position, stock mkt is abt risk money. Sometimes it hard to explain or to show u the way stock mkt is not classroom lessons auntie aso cannot read maths figure in financial report. It abt skills, guts, bullets n diligence to win money.
Cheshirecat, your experience and track records will certainly gives you the confidence... Fully agree that guts, bullets ($$$) and skills are important...
Only World Group Holdings Straight to the Top ■ OWG has started selling tickets to Komtar’s attractions at this year’s MATTA Fair. ■ Tickets are valid from late-Nov 2016 for one year. ■ We upgrade our blended ticket rate assumption from RM30 to RM50. ■ Cut FY17 EPS by 6% but raise FY18-19F EPS by 22-24%. ■ Maintain Add, with a higher target price (from RM3.92 to RM4.36), pegged to 21.2x CY17F EPS. Launching of Komtar’s interactive lift a potential re-rating catalyst.
Komtar tickets available for sale at MATTA Fair OWG has started selling tickets to Komtar’s themed attractions and interactive lifts at this year’s MATTA fair, Malaysia’s bi-annual travel event. Tickets for the themed attractions are packaged and sold separately from tickets for the interactive lift (see Fig 1 and Fig 2). The promotional rates for the lifts are RM80 for adults and RM52 for children. Outside of these promotional rates, Komtar tickets will see two-tiered pricing, foreigners and locals (c.20% cheaper).
Komtar’s opening to finally take off Given the advanced ticket sales, we believe Komtar will finally open by late-Nov. In our new EPS forecasts, we now assume Komtar’s interactive lifts to contribute starting Dec 2016 (seven months to end-FY6/17) at blended ticket rate of RM50 vs. RM30 previously. This is still conservative as the promotional rates are RM80 for adults but excludes commission to travel agents.
Upgrade FY18-19F EPS by 22-24% We upgrade our FY18-19F EPS by 22-24% by assuming 1m visitors for the interactive lifts at RM50 blended ticket price. We lower our FY17F EPS by 6% in anticipation of more pre-opening expenses in 2Q, and the two-month delay in Komtar’s opening from late-Sep to late-Nov. Management is still optimistic of a late-Oct opening but we use the MATTA Fair promotional dates as a conservative estimate.
Where is the upside? We have not imputed any revenue and profit contributions from the themed attractions at Komtar. We have also not imputed additional profit contribution from the additional space that OWG will be securing since it is still finalising the amount of additional space in Sky Plaza at Genting Highlands. We estimate that OWG’s total space in Genting could be up to 50% more than its current space.
Re-rating should start now With improved clarity on Komtar’s opening timeline, we believe that the stock is poised for a significant re-rating. OWG is trading at a FY17F P/E of only 13.2x, which is more than a 40% discount to the F&B sector average. This is unjustified, in our view, as the Komtar delay is merely a timing issue.
Maintain Add We maintain our Add rating. OWG is still one of our top small-cap picks for 2016-17. We raise our target price by 11% after our FY18F EPS upgrade, still pegged to 21.2x CY17F P/E, a 10% small-cap and liquidity discount to the F&B sector average. Potential rerating catalysts include the launching of Komtar’s lift in Oct/Nov and higher-thanexpected visitation numbers.
The stock trading volume is low (illiquid), very low profile (not widely covered by analysts) and it will take time to materialised its missions (therefore you need to have holding power and patience).
I believe "the fruits is almost ripe!"...good timing... Excellent potential for extraordinary return.
COMPANY ANNOUNCEMENT: ONLY WORLD GROUP HOLDINGS BERHAD ("OWG")
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF OWG
On behalf of OWG, CIMB wishes to announce that OWG had on 29 September 2016 (“Second Tranche Price Fixing Date”) fixed the issue price at RM2.13 per Placement Share (“Second Tranche Issue Price”) for the Placement Shares of up to 8,885,000 OWG Shares.
The Second Tranche Issue Price represents a discount of approximately 3.6% to the 5-day VWAP of OWG Shares up to and including 28 September 2016, being the last market day immediately prior to the Second Tranche Price Fixing Date of RM2.2084 per OWG Share.
OWG intends to place out the remaining Placement Shares under the Proposed Private Placement in the subsequent tranche(s).
The successful private placement shows that investors are confident in the company and willing to invest substantially for mid to long term... a good sign indeed.
I agree with ah huat comment. OWG is soon to b become a gem stock. It time factor. Over here, im an investor. At dsonic side i m a trader. Personally i see tat to trade , do u make a fortune? To invest, if u hv been in KSL, Topglove, Takaful u b smiling in ur sleep. Believe in ur investment.
Pretty, a good idea indeed to give special offer to shareholders...taping on the shareholders to expand the customer base (although it may not be significant but useful) especially when the business is new (The Top) to spread the news on the new thing in the market.
We r not stock operator. We r learning skills u must learn skills wen putting ur hardworking sweat money in stock mkt. No skills stock mkt is a place for casualities.
There r many interpretations of technical analysis. We keep open mind to learn to observe we come out with our own diligence own analysis. My side showing all indicators good sign, buy signal.
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....
ooicy
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Posted by ooicy > 2016-09-10 14:21 | Report Abuse
since owg took over batu pahat wet world,i notice there r a few changes..the wet world is organising more events,like fishing competition,marathon competition,etc..n it is more lightings esp at night..i believe with better management,it will slowly attract more tourists from singapore,keep it up..i've faith in owg.