wait for IB to write something, it shall react.....
CIMB RESEARCH December 21, 2015 Only World Group Holdings Bhd (Dec 18, RM2.68)
Maintain add with an unchanged target price of RM4.93: We visited Komtar recently for a progress update on the state of launch-readiness. Our earlier expectation was for a launch in two phases — December 2015 and February 2016.
It appears that this has now been changed to a single grand launch on April 1, 2016, so that the project becomes a single coherent destination where all attractions and destinations are ready. As a result, we lower our financial year ending June 30, 2016 (FY16) earnings per share (EPS) by 10% to account for the delay.
Only World Group Holdings Bhd (OWG) project director Kenny Yap took us on a tour of the site. Although Komtar will be launched on a single date, the various components are still targeted to be completed in two phases. In phase one (end-January 2016), the themed attractions I Love Penang gallery, Doraemon, Haunted House, 5D Sea Explorer and Playoke will be completed.
In phase 2 (mid-February 2016), Jurassic Park, Zodiac Park, Mirror Maze, Milliondollar Carousel and 7D Planetarium Dome will be ready.
Our current assumption of a blended ticket rate of RM15 (at one million visitors per annum) for the observation deck is conservative. Based on the comparative pricing for tickets in the Kuala Lumpur Tower and Petronas Twin Towers, Komtar could potentially earn a blended ticket rate of RM40. This would lift our FY16 to FY18 EPS forecasts by 11% to 46%, and could raise our share price valuation to RM6.95.
If we include the upside potential both from higher ticket prices and the themed attractions, our FY16 to FY18F EPS could rise by 16% to 71%, which could lift our share price valuation to RM8. As with all construction projects, the biggest risk to our earnings projections is further delays in the launch of Komtar. — CIMB Research, Dec 17
josephn > OWG worth Rm6.95 in history, now super cheap to buy, maybe wait another few years may rebound back to highest peak of RM 6. Genm recovery stock already rise, I think is this OWG turns 16/02/2021 3:01 AM
After multiple opening delays, Genting Malaysia Bhd (GENM) announced that they are targeting to open their brand-new outdoor theme park in November 2021! Its new name - Genting SkyWorlds was also revealed earlier this year. Although it will no longer carry the "20th Century Fox" name, Genting SkyWorlds will still feature attractions from 20th Century Fox movies, as well as other international class movie-themed attractions.
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....