http://www.thestar.com.my/business/business-news/2016/04/05/higher-visitor-arrivals/
Genting Malaysia sees 50% rise in visitors to Genting Highlands... 30mil ...

Genting got reach RM12 before on 13/11/2011. This time TauRx listing?

Wait, wait, wait ... Hold, hold, hold ... June/July 2016 ... The Top @ Komtar opening ...

Flat Monday closing. Premium trims to only 3.16% only. By right it should be around 6%.

Genting-WA premium drops to only a mere 3.16% only.

Posted by ProfitMan > Apr 1, 2016 01:00 PM | Report Abuse

Genting is undergoing a healthy correction. Support at 9.25 is holding well and it is crucial that this support is not broken. Overcoming its strong resistance at 9.90 will turn it very bullish. Immediate support is at 9.58.

OWG will spike in double digit rise after the Top @ Komtar is launched on 1 July 2016. Blame the lackluster trading now to the delay. Anyway in July, it will give back to us what we hope for now. The 30 major shareholders got to take the lead.

Martinbartesque is back to guide us on TA (Technical Analysis).

Really go back to RM2.3x level again.

The delay of Komtar opening from April 2016 to July 2016 would mean third quarter results (Jan, Feb, Mac '16) and fourth quarter results (Apr, May, June '16) would have zero contribution from Komtar which mean the whole financial year 2015/16 would be below concensus of CIMB Research.

At least one thing for sure, all the theme attractions and F&B's in Komtar MUST be opened on 1 July 2016. It may have delayed twice. First time Dec 2015 to 1 Apr 2016 and second time 1 Apr 2016 to 1 July 2016. People have paid for the pre-opening attractions (RM280 per pax or RM500 two pax). It coincides with the school one week holiday for Hari Raya Puasa.

But what will happen between now and 30 June 2016 we really don't know.

OWG will hibernate for three months starting now until end of June. Those who want to add please add. All its theme attractions and F&B's will be launched grandly before Hari Raya Puasa. This time GUARANTEE no more further delays because the limited edition multiple entry pass for all attractions is for the period beginning of July 2016 until end of June 2017. Its share price will ROCKET UP at that time.

CIMB Research said investors can look forward to an exciting 2016 when Sky Avenue is launched and the Komtar theme park is ready.

“This will drive EPS growth of 46-47% in FY16-17.” it said.

Genting has moved up from RM7 to RM10 in two months time. Expecting OWG to follow that pattern in July 2016 where it will have double digit rise for a few days/weeks after all attractions at the Top @ Komtar are opened to the public.

SKY AVENUE - As part of the Genting Integrated Tourism Plan (GITP), Genting Malaysia Berhad (GENM) unveiled the blue print of its Sky Avenue and Sky Plaza, a c.400,000 sq. ft open-sky concept offering retail and dining, scheduled for launch in 2016. The Group estimate that this increases its existing F&B space seven fold.

OWG's (Only World Group) f&b business currently has 30k sqft in Genting. If they can get 10% of 400k sqft, that will double their revenue.

To have a grasp, current revenue from Genting is 80% of the total group, so expect everything to double in 2016, and PE to rerate - a proxy to Genting (fnb), OWG can surely match at 20x.

Dear Genting shareholders, please give a look at OWG's f&b business in Genting.

OWG has been moving sideways for the past two months. It has yet to move up in a consistent manner. The soft launch for The Top @ Komtar middle of next month where a few attractions will be operational should be a catalyst.

SKY AVENUE - As part of the Genting Integrated Tourism Plan (GITP), Genting Malaysia Berhad (GENM) unveiled the blue print of its Sky Avenue and Sky Plaza, a c.400,000 sq. ft open-sky concept offering retail and dining, scheduled for launch in 2015. The Group estimate that this increases its existing F&B space seven fold.

Posted by Alpha Trader > Apr 16, 2015 03:13 PM | Report Abuse

You can take a look on CIMB's report.

Catalyst:

Next year (2016) Genting will launch its theme park, there will be a sky way (400k sqft) for people to operate (opening up fnb chains and retail shop lots), OWG's business currently has 30k sqf in Genting. If they can get 10% of 400k sqft, that will double their revenue.

To have a grasp, current revenue from Genting is 80% of the total group, so expect everything to double next year (2016), and PE to rerate - a proxy to Genting (fnb), equivalent to Starbucks, Bjfood is trading at 23-24x P/E, OWG can surely match at 20x.

Besides this, Komtar top 6 floors are revamping up to have a sky view and some fnb shops lots, this will be the main attraction in Penang for end of this year (2015) and next year (2016), conservatively projecting 1 million visitors annualy, that would be equivalent to RM20m revenue if ASP is about RM20, then people will dine there too, haven't included.

So expect revenue and PAT to double next year (2016) minimum, and also PE to go up, so you get both side revaluation.

"We can either buy the stocks now at RM2.36 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."
by Rikki dated 12.1.2016

Will OWG's price double or at least move above RM2.50 next month?

Posted by Johny Khong > Mar 11, 2016 06:25 PM | Report Abuse

"Soft opening in Apr where some attractions will be up and running. 59Sixty fine dining restaurant is already operational. The grand opening is expected in July where all attractions will be operational."

What I would like to know is will OWG react positively to the soft opening in April 2016?

Dear Robert168/Johny Khong, are we waiting for April or we need to wait for July? Everyday drops.

Got to see how OWG reacts first when part/all attractions at The Top @ Komtar open to public in April (phase 1) and in July (phase 2). Then only we can estimate the price when Twentieth Century Fox World theme park opens.

Hmmm... Today no follow through buying.

Rising with low volume is a good sign. Showing not in distribution stage. I believe it is EPF buying again. See tomorrow goes north or goes south?

What is the reason for today's rise? Is it sustainable? Kindly please share.

Ovation4u, 2.24 so cheap, are you keeping it for long term?

Why only got sellers and people queue to buy and no buyers to eat? I think something is wrong with this OWG.

Robert168 & Ovation4u, today so low, you all got top up or not?

Robert168, how? Free fall to RM2.22.

Dear EPF, OWG is in deep oversold position falling from a high of RM2.54 on 22 Feb to a low of RM2.26 now (15 Mar) for 16 market days. Time to jack up to attract ikan bilis to follow. Even though it is just a soft launch in April 2016, OWG deserves RM2.35. Pleaaaaaaaaaaaaaaaaase.

Now they are rushing for the grand opening in July where all attractions will be open to public. OWG and the state government will hold a press conference at that time. Another delay with four more months to go.

I was hoping next month (April), OWG will go up when Komtar opens. But now they said only a few attractions will be open with only a soft launch. That means no exciting show to see.

I hope you are right, Robert168. My wife starts nagging me why I choose this OWG share. She nags me why I did not take profit at RM2.50. Now everything back to square. I also don't know how to answer her, just say CIMB target price in 2018 is 6.65 and I don't know it falls back so fast due to EPF dumping.

Dear Johny Khong, 5.721% on 22 Feb 2016. Can you see on Monday, the block sales of 1505(00) shares at RM2.30 and on Tuesday 1050(00) at RM2.27 were sure to be done by EPF.

And now CIMB will not come out with the April soft launch coverage stating the reason no change to the target price of RM4.06. They might revise the target price in the grand opening in July where all attractions are open to public.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5030957
One day becomes substantial shareholder, next day ceases as substantial shareholder and another day becomes substantial shareholder again. Later ceases as substantial shareholder again.

Haiz... EPF selling again. Don't know when it will stop.

According to Johny Khong, there are going to be a soft launch in April 2016 where only a few attractions will be ready. After that there are going to be a grand launch in July 2016 where all attractions will be ready and multiple entry pass holders are invited as VIP. That means got to wait until July 2016 for the OWG share price to spike up. Must be patient and do not panic.

The previous lowest was 2.21. It is not logical that it falls below 2.20 (the PP price). OWG is in oversold position now. Technical rebound anytime.

Dear Johny Khong, what attractions will be ready by April 2016?

1) I Love Penang gallery, 2) Doraemon, 3) Haunted House, 4) 5D Sea Explorer, 6) Playoke,
7) Jurassic Park, 8) Zodiac Park, 9) Mirror Maze,10) Milliondollar Carousel, 11) 7D Planetarium Dome, 12) Aquarium, 13) Observation deck and interactive lift?

http://www.theedgemarkets.com/my/article/epf-ceases-be-only-world-groups-substantial-shareholder
Rise because of EPF. Fall also because of EPF. Disppointed!

Countdown:
27 market days to 19 April 2016 (CIMB report on the Top @ Komtar phase 1 opening to public)

Dear Greatful, buy at RM2.30, sure can get. If EPF were to sell some more at less than RM2.30, then they are selling at a lost.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5028677

As expected, EPF ceases to be the substantial shareholder of OWG with another disposal of 171,100 shares bringing its holding to only 4.964% (< 5%) starting 8 March 2016.

So, their transactions after that cannot be traced.

Closed at 2.33 in extremely thin volume. Looks like EPF selling is not significant today. But unfortunately there is also no good big sharks. Really need to wait till April? CIMB please do something.

"That estimate is based on ticket prices for the themed attractions it will introduce within the tower, which will range between RM10 and RM60 per ticket or an average of RM35 per ticket and a total of 500,000 visitors per annum."

There are about 10 attractions there. So the The Limited Edition Privilege Card costing RM280 is reasonable.

Dear Johny Khong, did you ask them whether the official opening is on 19 April 2016?

As at 2:00 am, DJIA crashed 165 points. But 11 - 13 March '16, OWG is promoting "Komtar has grown taller" at Matta Fair. Hope that it could buck the trend with a surprise visit by CIMB analysts.

OWG does not have syndicate (like OTB) support. It needs CIMB (Marcus Chan) coverage report.

http://thetop.com.my/events/visit-us-at-matta-fair-2016/

Entry pass to all attractions: 1 pax. (RM280), 2 pax. (RM500). How would it help OWG earnings? Only CIMB can promote. Hope Johnny Cash can help to contact Marcus Chan.

You are welcome, Gainvestor10sai. I just hope OWG will fly like nobody business anytime.

Disposed 07 Mar 2016 107,700


Circumstances by reason of which change has occurred: Disposal
Nature of interest: Direct
Direct (units): 11,786,200
Direct (%): 5.037

By tomorrow, EPF will no longer be the substantial shareholder of OWG (with another disposal of 86,577 shares) and they do not have to fill in Form 29B and thus, we will not know their daily disposal/purchase)

Acquired: 500,000 + 500,000 + 825,300 + 174,700 = 2,000,000
Disposed: 46,200 + 500,000 + 108,900 + 231,100 + 42,200 + 352,400 + 220,500 + 37,700 + 107,700 = 1,646,700
Balance: 2,000,000 - 1,646,700 = 353,300