http://www.thestar.com.my/Business/Business-News/2015/05/09/ECS-unveils-new-strategy/?style=biz

Now export oriented stocks facing correction because of the appreciation of the ringgit against the US dollar.

http://www.klse.my/stock/result/qr/quarter/0023.jsp
According to the above, the estimated time for the release of first quarter results will be around 20/05/2015.

Despite heavy profit taking, still manage to close at RM1.56 (-2 sen only). Really hope that shifu Alpha Trader of 1.80 is reachable this month.

Yii Shing, how to see tomorrow is real show?

I'm also one of Mr Ooi's subscriber and I will hold tightly until the first quarter results on 20/05/2015 after market close (another 11 market days). Anyway, I am also holding some counters of my own choice, i.e. IFCAMSC (first quarter results also on 20/05/2015) and CMSB (hold until Sarawak state election).

11 market days left till first quarter results to be announced on 20/05/2015.

Alpha Trader: For now I think OWG has run pretty fast, it still can hit RM3 end of the year, IFCA would offer much immediate upside, potentially RM1.80 in 2 weeks time.
22/04/2015 07:24

2 weeks time from 22/04/2015 means 06/05/2015 (tomorrow) to hit RM1.80. Can it be true?

Haiz.... Another day of heavy profit taking. Don't see any reversal in trend yet. First quarter result should be fine.

Buy rate only 51%. Still not enough energy to move forward more.

Dear Alpha Trader, what about IFCA? Tomorrow expect rebound or not?

Still got 9 more sen to drop to wipe up completely the 23 sen gain on 15 April 2015. After the Federal Reserve meeting and long weekend holiday, hopefully it will back to normal trading. Will queue at RM1.40 tomorrow.

Why Frontkn coverage by HL Research is without target price?

decentguy : Frontkn consider very strong under current situation. Wonderful stock.

Agree.

Just added 10 lots at RM1.49....knowing that RM1.40 is possible.

But the drop is very sharp and broad. What could be the best reason?

Is the share market drop for these two days is just due to the long weekend or is it because Federal Reserve wants to raise interest rate with their meetings on Tuesday and Wednesday?

Is the share market drop for these two days is just due to the long weekend or is it because Federal Reserve wants to raise interest rate with their meetings on Tuesday and Wednesday?

Why OWG down so much? Robert168 any idea of its near term direction?

OWG was highlighted in next week's THE EDGE weekly edition with a buy suggestion with a target price of RM3.02

I have also sold 50% of my holdings this morning at 2.45.

OWG hits new high at 2.49 now (3.44 pm).

Is the record low volume transacted a blessing in disguise? Only 37.500 lots sold today. Is it that the selling has dried up and the bulls will return?

Robert168, what is the indication of today's trading. Record low volume. Hibernation begins already?

What has happened to OWG today? No transaction.

Wait for its first quarter results end of May for it to break RM5. After that wait for Sarawak election early next year. Should reach RM6.

I hope Alphajack forecast is correct. 2.40 - 2.50 also reasonable from now till next month.

Don't know can recover in the afternoon session or not?

Dropping with small volume.

Why OWG dropping so much today after the upgrade by CIMB?

Alpha Trader: You can take a look at CIMB's report.

Catalysts:

Next year Genting will launch its new theme park, there will be a sky way (400k sqft) for people to operate (opening up f & b 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 and PE to rerated - a proxy to Genting (f & b), equivalent to Starbucks, Bjfood is trading at 23-24 x P/E, OWG can surely match at 20x.

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

So expect rev and PAT to double next year minimum, and also PE to go up, so you get both sides revaluation.

"ALPHA TRADER is very good in looking for new hidden gem." IFCAMSC price now no one could believe last year.

It is true that CIMB clients have the new target price for OWG from RM2.62 to RM3.02. It is circulated internally. After a few days it will appear in the i3 forum. Today's volume 3.544 million is very big with only 1 sen rise (but RM2.47 all time high formed) showing large accumulation by big traders. Anyway let the old target price of RM2.62 be achieved first before thinking of RM2.80 and RM3.02 (Komtar must be ready first end of this year as proof). Long term target of RM4.00++ will be achieved next year when the Genting new theme park is ready.

Alpha Trader said "Hold guys, RM3 end of the year for sure."
Alpha Trader also said "Just continue to hold, this stock is worth RM4 next year." So accumulate on weakness.

Tomorrow drop 0.03 to 0.225. T + 4 correction plus panic selling.

Why open at 14.90 but close at 14.44 only?

I thought the fair value is 1.97.

Why everyday also got roadblock at 1.90?

Word is finally out!
11MP will be officially announced in parliament on 21st May 2015.
Which construction company is the ultimate winner?
Hope Mitra can get some projects.

http://klse.i3investor.com/blogs/hleresearch/74871.jsp
Hong Leong Investment is going to review the target price of RM1.97.

If got new contract, then it will trade above 1.90. But now nothing is announced. Even the ex-bonus/free warrants proposal to be forwarded to Bursa Malaysia also not yet.

Got to close at 1.87 for only 1 sen gain. Too many sellers. Buying rate only 24%. Got to hold until ex-bonus/free warrants date.

Dear Eli Chow, share buy back by the company will be done in stages. At this moment, it is just a proposal that has to be approved. Tomorrow very likely will be up because of Dow Jones up. Any price of RM1.80 and below better accumulate as many as possible and HOLD. I forecast it will ex-bonus/free warrants at around RM2.00.

Aiyo, Mitra closed gap down at 1.86 from 1.89.

http://klse.i3investor.com/blogs/kenangaresearch/74785.jsp
Kenanga suggest cut lost.

http://klse.i3investor.com/servlets/ptres/29465.jsp
Target price RM5.15.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1926857
But the private placement exercise was fixed at RM5.00.

http://www.theedgemarkets.com/my/article/benalec-engages-pestech

http://www.thestar.com.my/Business/Business-News/2015/04/14/Cahya-Mata-Sarawak-wins-RM308mil-deal-to-build-new-Sarawak-museum/?style=biz

http://www.theedgemarkets.com/my/article/cahya-mata-secures-rm308-mil-contract-sarawak-govt

http://www.theedgemarkets.com/en/article/ta-securities-maintains-buy-tnb-revises-tp-upwards-rm1629