8wpwtmt8, next quarter result may be below expectation (don't know, speculation only) as the company have to 1) invest in the development of Komtar theme park facilities 2) no revenue yet until it is launched in late November and December onwards. Advance sales of tickets may not be significant as the theme park has not catch on yet. 3) furthermore, there will be some losses as the results of a small fire early this month.
However, this is only short term.
The real good things are going to start in December onward, one by one. Well, expect a BIG ANGPOW for CNY 2017.
Dear Huat1, did you notice after the worst results came out at Q4 22 August 2016, the share price started to climb up everyday. Next month also the same. Instead of going down, it will climb up little by little. CIMB gave RM5.60 TP.
Ya. As long as investor understand, it should be fine. Hope for the best. Anyway, the volume of trade has increased over the past two months too. It might have attracted some institutional investors...just guessing.
Tomorrow is the first day of November. It is getting nearer and nearer to 18 December 2016. Market makers, please help to break RM2.50 tomorrow with high volume with the aim of achieving RM3.20 on 19 December 2016.
Fourth Annual General Meeting Date of Meeting - 21 Dec 2016 Time - 10:00 AM Venue - The FOODTREE, No. 10, Jalan Pelukis U1/46, Temasya Industrial Park, Section U1, Glenmarie, 40150 Shah Alam, Selangor Darul Ehsan
KUALA LUMPUR : Genting Malaysia Bhd and AirAsia Bhd are among the beneficiaries of the positive growth in tourist arrivals in Malaysia which saw a strong recovery during the first eight months of the year (8M16), said Maybank IB Research.
In a note today, the research house said that tourist arrivals rose by 3.8% on a year-on-year (y-o-y) basis in 8M16, compared to a 6.3% drop over the same period last year.
“Remarkably, arrivals from Thailand and China jumped 34.8% and 26.3% y-o-y during the period, with August being a record month in terms of arrivals from China. Indications are that the arrival numbers could well be sustained with ongoing promotional efforts by the government and airlines,” it said.
Maybank added that it is upgrading Genting Malaysia's stock to a 'buy' call with a target price of RM5.50. It is also maintaining its existing 'buy' calls on AirAsia and Malaysia Airports Holdings Bhd with target prices of RM3.33 and RM6.50 respectively.
According to Tourism Malaysia, the month of August saw a record number of arrivals from China with 218,000, which makes up 9.6% of the month's total.
The strong numbers from China shows that the tourism industry has recovered well from the aftermath of the MH370 tragedy which eroded arrivals from China.
Maybank IB said that the higher arrivals going forward should translate into higher spending on the ground.
Touring spending on accommodation, food and beverages and shopping contributed to a sizeable 14% of the country's gross domestic product (GDP) and 2.9 million jobs out of the total workforce of 13.9 million last year, it added.
1. RICH DAD CAFE SDN BHD 125,705,637 (53.720%) 2. CITIGROUP NOMINEES (TEMPATAN) SDN BHD EXEMPT AN FOR AIA BHD. 11,113,960 (4.749%) 3. CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD (AM INV) 5,113,900 (2.185%) 4. HSBC NOMINEES (TEMPATAN) SDN BHD HSBC (M) TRUSTEE BHD FOR ALLIANZ LIFE INSURANCE MALAYSIA BERHAD (P) 5,095,000 (2.177%) 5. HSBC NOMINEES (TEMPATAN) SDN BHD HSBC (M) TRUSTEE BHD FOR ALLIANZ LIFE INSURANCE MALAYSIA BERHAD (MEF) 3,176,040 (1.357%) 6. CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD (AMUNDI) 3,000,000 (1.282%) 7. KUMPULAN WANG PERSARAAN DIPERBADANKAN) 2,923,800 (1.249%) 8. CITIGROUP NOMINEES (ASING) SDN BHD EXEMPT AN FOR CITIBANK NEW YORK (NORGES BANK 14) 2,851,760 (1.218%) 9. CITIGROUP NOMINEES (TEMPATAN) SDN BHD EMPLOYEES PROVIDENT FUND BOARD (RHB INV) 2,669,100 (1.140%) 10. HSBC NOMINEES (ASING) SDN BHD EXEMPT AN FOR MORGAN STANLEY & CO. INTERNATIONAL PLC (CLIENT) 1,320,000 (0.564%) 11. TAN AH LOY @ TAN MAY LING 1,200,000 (0.512%) 12. HSBC NOMINEES (TEMPATAN) SDN BHD HSBC (M) TRUSTEE BHD FOR MANULIFE INVESTMENT PROGRESS FUND (4082) 1,167,800 (0.499%) 13. HSBC NOMINEES (TEMPATAN) SDN BHD HSBC (M) TRUSTEE BHD FOR ALLIANZ LIFE INSURANCE MALAYSIA BERHAD (ULIFE) 1,056,040 (0.451%) 14. HSBC NOMINEES (TEMPATAN) SDN BHD HSBC (M) TRUSTEE BHD FOR MANULIFE INSURANCE BERHAD (EQUITY FUND) 1,053,500 (0.450%) 15. AMSEC NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR KOH KIN LIP 960,000 (0.410%) 16. MAYBANK NOMINEES (TEMPATAN) SDN BHD MAYBANK TRUSTEES BERHAD FOR CIMB-PRINCIPAL SMALL CAP FUND (240218) 915,000 (0.391%) 17. CIMB GROUP NOMINEES (TEMPATAN) SDN BHD CIMB COMMERCE TRUSTEE BERHAD-AMB SMALLCAPTRUST FUND 866,000 (0.370%) 18. TAN AH LOY @ TAN MAY LING 850,000 (0.363%) 19. ONG CHONG JING 810,000 (0.346%) 20. HSBC NOMINEES (TEMPATAN) SDN BHD HSBC (M) TRUSTEE BHD FOR ALLIANZ LIFE INSURANCE MALAYSIA BERHAD (ULIFE2) 791,640 (0.338%)
Tomorrow is 1 November 2016. Getting nearer and nearer to 18 December 2016 The Top official grand opening. Still got 34 days to go. Don't know when can the breakout happen? CIMB TP: RM5.60.
CIMB Research estimates that OWG’s total space in Genting Sky Plaza could be up to 50% more than its current space. Genting target to open Sky Plaza by December 2016, subject to obtain Certificate of Fitness.
Like what Huat1 said the real good things are going to start in December onward, one by one. Well, expect a BIG ANGPOW for CNY 2017.
Marcus Chan of CIMB said the opening of Komtar can make OWG share price flies. I really don't know when market makers will start to take action. Today's trading is really disappointing.
First must be able to stand the bad 1st quarter results (don't know will drop how much before rebounding). Next OWG must obtain the Certificate of Fitness. Then only the official opening ceremony.
Huat 1 said "This stock trading volume is low (not liquid), 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 think starting 1 December 2016, it will start to rocket up.
Wait for it to drop back to RM2.2xxx first. Look at the sell Q of 1976,00 at RM2.39. Once the market makers throw it down, it can easily plunge another 10 sen.
After determined the fundamentally good stock to invest (like OWG), we can make use of technical analysis to determine the timing of when to buy or sell.
Your super high dream "target price" will take awhile to reach - maybe in 3 months, 6 months, 12 months or more...
Meanwhile, share price will fluctuate. When price move up or down too drastically, there will be "technical corrections".
Use technical analysis to predict the directions of the price movements to make our decision - to buy, to hold or to sell.
We must not have emotional attachment to the stocks we buy. We can sell when it is going downtrend and always buy back later after the correction at a cheaper price.
Cannot predict how low it can go right now until we can see the "reversal pattern" appears in the chart. Today's candle is pretty bearish and most probably the price may continue to drop tomorrow.
Huat1 : The real good things are going to start in December onward, one by one. Well, expect a BIG ANGPOW for CNY 2017. =====================================================================
Dear Huat1, can we assume that December will be better than November for OWG.
If you had received the annual report, the cover and inside page shows a very impressive transformation of OWG komtar theme park. Elaborate, well thought out and contains various themes for all ages. I must say, on paper, looks good
I have also wrote them on Facebook to ask if the fire will delay the opening. They replied that if you had purchase the ticket during Matta fair, prepared to be welcomed. Opening as planned.
I observed in the afternoon session, there is support at RM2.38. Each time 100 lots thrown down at RM2.38, very fast a new 100 lots appear. I don't know whether this support is from a small fish or the market maker.
At the end, market maker created a sell queue of 3026 lots at RM2.39 but at the same time he eats back 1268 lots.
Today's candle stick shows a hammer. Got to see tomorrow whether market maker wants to push up or not.
Dear Rikki, can you please come out with another updated blog on The Top @ Komtar since it is about to open on 18 December 2016. The previous one was on 12 January 2016 entitled "Building a Tower of Gold".
Cheshirecat, just sharing what I know. Do share/correct me (an amateur in this field) if I interpret wrongly.
Today, OWG opened at RM2.39 and closed at RM2.31, only managed to pull back 1 sen from its low of RM2.30. Selling pressure was too strong and the bear wins - a long bearish candle for today! So, downtrend may continue next week.
Be cautious. Buy only when reversal trend is confirmed!
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....
8wpwtmt8
2,949 posts
Posted by 8wpwtmt8 > 2016-10-28 16:54 | Report Abuse
Yes, must break and stay above RM2.50 with high volume for further rise.