Muscle, actually today I am quite bothered by the high volume of sell queue where each bid got more than 1000(00) sellers. It makes it look just like Instaco (another CIMB recommended counter) where each bid got more than 100000(00) sellers. Like a heavy air plane that cannot fly high.

DJIA is now moving according the the movement of crude oil.

The TOP @ KOMTAR official opening has been changed from 01/04/16 to 16/04/16.

So tomorrow the bonus shares will go into our CDS account and most of the traders think there will be massive selling. Very hard to say one. Sometimes it may go up instead of going down.

The sell queue today after ex-bonus is so high. Each bid is above 1000. Yesterday it was not like this. Why can't they wait until April?

TA comes first
U - Up trending stock.
B - Breakout chart accompanied with high volume.
S - Sector to focus.

FA comes second
G - Growth > 10% per year.
M - Margin of safety > 30%.

OWG, please show it that you are a true gem and not a discarded stone. I strongly believe that you will outperform.

http://www.livecharts.co.uk/MarketCharts/crude.php

Now is US31.25.

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.

Tomorrow there will be follow through buying.

The bonus issues will be credited into your CDS account this Friday.

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.

1 for 5 bonus issues. Yesterday price times 5/6.

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.

What price it close today is not important. What is more important is what is it price in April.

Second session going down. Got to wait for April.

Posted by martinbartesque > Jan 12, 2016 02:00 PM | Report Abuse

After bonus issue, will share price keep dropping?

Depending on the overall market sentiment and phsycology.

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.

Rikki

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

The next support will be the gap support formed on 22/12/15 which is RM2.73.

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.

Technical Code Breaker @ TCB

Dear i3i2i1, may I know whether you have bought back OWG? Just now touched RM2.80.

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.

Profitman, noted with thanks.

RM2.90 is a very crucial gap support. It must hold. What Wallen forecasted, I hope it is true.

Actually the gap on 23/12/200 (RM2.90) is closed already. Theoritically it should have technical rebound already.

Dear Johnny Cash (or anyone), the two consecutive days of fierce selling really have chased away many contra and weak holder traders. But for long term holders, we also don't feel nice. Can you estimate the support price. I was thinking it will ex at RM3.00 giving an after ex-price of RM2.50 and there after it will accelerate to RM3.50 by April with the official opening of Komtar theme park.

Dear Profitman: OWG is a F & B and theme park operator mainly at Genting and Komtar. FA wise, it is a highly growth share. It is giving 1 : 5 bonus issues with ex-date on 13.01.2016. But the TA looks very bad. Can you kindly please estimate its support price.

Dow Jones Industrial Average (^DJI)
Watchlist
16,514.51 -392.00(-2.32%) Dow Jones - As of 04:03pm EST

Hope tomorrow Shanghai Composite will rise.

The China Securities Regulator on Thursday said it would suspend its four-day-old circuit-breaker system, saying the mechanism didn’t work out “as expected.”

Please TAANN RM7 B4 CNY be a reality.

Theme park operator and hospitality-related services provider OWG was given a 2018 target price of RM6.67 and 2020 target price of RM14.66. This compared with its RM3.00 price as on 7 January 2016.

http://www.thestar.com.my/business/business-news/2015/12/18/cimb-research-sees-komtar-theme-park-boosting-only-world-group/?style=biz

This counter can really withstand and resist the heat, with more upside potential on the way.

Normal profit taking....just hold for 2 years....

Okay, I will follow you to top up at that price. But got 3 more trading days only woh before ex-bonus.

The coming 2nd quarter report end of next month should be seasonal good. Really can't imagine it will ex-bonus at what price. Dow Jones future now -408 after China down more than 7%.

Aiyoo! Crash to RM2.97 already. This counter really tricky. On paper, it is really a high growth counter with Komtar and Genting but in real trading it is down trend.

Patience, patience, patience. It takes time. It is a high growth share.

Looks like target price of RHB-OSK (RM5.20) and AMMB (RM5.21) had already been broken. The next one is Kenanga target price of RM5.70. Just hold tightly.

http://www.thestar.com.my/business/business-news/2015/12/18/cimb-research-sees-komtar-theme-park-boosting-only-world-group/?style=biz

Maybe today they never play OWG. Maybe some other day they will play OWG. This counter very hard to predict. It will go up when you least expect it.

Not too sure. Johnny Cash mentioned it. Maybe from DATO' KOH CHENG KEONG, DATO' CHEW LEAN HONG, RICH DAD CAFE SDN. BHD. and fund managers.

EPF, MOUNTEX SDN. BHD. and Directors acquiring. Really RM7 B4 CNY?

Sell Q very high but no SMART MONEY to absorb. 783(00) units at 3.02. Got to wait till April?

Dear Johnny Cash, I thought those cornerstone investors are allowed to sell after 6 months of listing.

OWG still struggling to absorb heavy selling pressure to stay above RM3 (before ex-bonus).

Hope can get RM2.50 after ex-bonus. Then go back up to above RM3 by April 2016 and RM4 by December 2016. It is a highly growth share.

CIMB latest Coverage on OWG
https://mail.google.com/mail/u/0/#inbox/15209d9fdc88a0a9?projector=1

"We like OWG for its captive market business model in Genting Highlands and Komtar. This superior long-term economic moat will drive explosive earnings growth over the next few years, in our view, as the new 20th Century Fox theme park and Komtar comes on-stream and matures," said CIMB Research's head equity research Terence Wong in an Oct 9 strategy note.

According to him, OWG's shares could be worth RM8.67 apiece by the end of 2018, premised on its almost "monopolistic" presence in Genting Highlands' food and beverage services, plus the incrementing demand for its attractions, such as Escape Room.

CIMB Research has set a 2020 target price of RM14.66, or about 5.95 times OWG's last traded price.

CIMB Research, in a strategy report recently said the stock will enjoy a long-awaited multi-year re-rating as investors reward it with higher enterprise value or earnings before interest, tax, depreciation and amortisation (EBITDA) multiple when The Genting Integrated Tourism Plan (GITP) comes onstream and starts to mature.

The research firm said the new shopping mall or podium and additional gaming capacity at GITP will come onstream from the second half of 2016 (2H16) onwards.