Posted by martinbartesque > 2016-03-11 07:15 | Report Abuse

The cost of entry pass is over expensive. If a family has 4 persons, entry cost is rm1k. Plus accommodation and meal, all may costs rm1.5k per day at least.

Posted by Johny Khong > 2016-03-11 08:24 | Report Abuse

If I remember correctly when I visited Disneyland, Anaheim and Cedar Point, Ohio way back in 2003, the entry pass costs USD150/pax at each location. Also, try comparing the cost of visiting Universal Studio in S'pore. Holiday trips are times when u need to spend $$$. The cheapest holiday I can think of is to stay at home and watch TV :-)

Posted by Johny Khong > 2016-03-11 08:26 | Report Abuse

I'm going to Matta Fair to see if I can get hold of tht special pass tis morng. Wish me luck...

Posted by Johny Khong > 2016-03-11 13:11 | Report Abuse

Already spent RM800++ b4 official opening of The Top. Haha...

Posted by 8wpwtmt8 > 2016-03-11 13:31 | Report Abuse

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

Posted by 8wpwtmt8 > 2016-03-11 16:23 | Report Abuse

"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.

Posted by 8wpwtmt8 > 2016-03-11 16:57 | Report Abuse

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.

Posted by Johny Khong > 2016-03-11 18:25 | 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.

Posted by 8wpwtmt8 > 2016-03-11 18:46 | Report Abuse

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.

Posted by 8wpwtmt8 > 2016-03-11 22:31 | Report Abuse

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.

Posted by 8wpwtmt8 > 2016-03-11 22:46 | Report Abuse

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

Posted by 8wpwtmt8 > 2016-03-11 23:26 | Report Abuse

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

Posted by genesis81 > 2016-03-12 00:22 | Report Abuse

Why so worry? Just hang on.

Posted by 8wpwtmt8 > 2016-03-12 02:47 | Report Abuse

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?

Posted by martinbartesque > 2016-03-12 08:47 | Report Abuse

The actual revenue from komtar may come in owg starting Q3 or Q4 2016. In Q1 n Q2 16, owg may start to absorb additional operating cost like salary, utilities, maintenance n others from komtar project. I don't think owg will have good profit in Q1 n Q2 16. This is my concern. Therefore, I still not buy it back.

Posted by martinbartesque > 2016-03-12 08:49 | Report Abuse

When u set up a new company/factory, u can't have immediate profit in short term. It takes some time to breakeven.

Posted by martinbartesque > 2016-03-12 08:51 | Report Abuse

With its expensive entry pass, it should open it in johor for Singaporean tourists, not in penang.

Posted by martinbartesque > 2016-03-12 08:55 | Report Abuse

Cimb gives high target price. Anyone here has info on how many % of share that cimb hold for owg? Pls share if u have d info.?

Posted by Johny Khong > 2016-03-12 09:54 | Report Abuse

@8wpwtmt8, they didn't say which attractions w be ready in Apr but just said a few only. For those who bought d special pass at Matta Fair, they w b invited to d grand opening in Jun/Jul to get a feel of all d attractions. If u want to get some great deals, do hurry to Matta Fair to get them.

Posted by robert168 > 2016-03-14 18:09 | Report Abuse

Haha.. who ever panic sell today gonna regret..

Posted by ffforever > 2016-03-14 20:42 | Report Abuse

Why ? Robert168 can u explain further?

Posted by robert168 > 2016-03-14 21:41 | Report Abuse

http://www.thestar.com.my/news/nation/2016/03/14/water-parks-a-welcome-escape-from-the-heat/

Posted by 8wpwtmt8 > 2016-03-14 22:59 | Report Abuse

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.

Posted by 8wpwtmt8 > 2016-03-14 23:35 | Report Abuse

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.

Posted by Johny Khong > 2016-03-15 09:26 | Report Abuse

Yes, no need to act irrationally and panic for no apparent reason. Stay w OWG patiently and u w be rewarded handsomely in due course.

Posted by pretty > 2016-03-15 09:49 | Report Abuse

what will be the price at the end of the year?

Posted by robert168 > 2016-03-15 11:40 | Report Abuse

3.50 to 4.00

Posted by pretty > 2016-03-15 11:49 | Report Abuse

Robert168, level of confidence?

Posted by robert168 > 2016-03-15 13:18 | Report Abuse

Personally still accumulating.. What do you think?? 99.9%

What I could say is hold it with confident and you will rewards soon..

Cheers.. Holding power rocks

Posted by 8wpwtmt8 > 2016-03-15 15:19 | Report Abuse

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

Posted by robert168 > 2016-03-15 15:26 | Report Abuse

Someone start to accumulate EPF share.. Not bad.. Good move

Posted by 8wpwtmt8 > 2016-03-15 20:07 | Report Abuse

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.

Posted by Johny Khong > 2016-03-15 21:53 | Report Abuse

@8wpwtmt8, I think EPF is trying to rebalance its OWG holdings among various portfolios. The current acquisition is thru Citigroup. Wat was it when EPF became substantial shareholder previously?

Posted by 8wpwtmt8 > 2016-03-15 22:35 | Report Abuse

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.

Posted by robert168 > 2016-03-15 22:45 | Report Abuse

just wait and see.. once CIMB come out the revise target price, it will definitely higher than RM4.06

Posted by robert168 > 2016-03-15 22:58 | Report Abuse

agreed with Johny Khong.. OWG going to fly soon !!! hahaha...

Posted by robert168 > 2016-03-15 23:01 | Report Abuse

end of the day when saw the profit really OMG !!!

Posted by 8wpwtmt8 > 2016-03-15 23:31 | Report Abuse

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.

Posted by 8wpwtmt8 > 2016-03-15 23:36 | Report Abuse

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.

Posted by 8wpwtmt8 > 2016-03-15 23:38 | Report Abuse

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.

Posted by robert168 > 2016-03-15 23:43 | Report Abuse

Bro.. Just patiently wait for it.. Busy top up for pass few days.. Once komtar completely refurbish.. Will totally another iconic place at Penang. Penang government is working together with owg to ensure this project is successful. And also don't forget another catalyst.. Genting new theme park..

Posted by robert168 > 2016-03-15 23:44 | Report Abuse

Which counter can offer purely, f&b, recreation and game.. Only owg

Posted by 8wpwtmt8 > 2016-03-16 01:23 | Report Abuse

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.

Posted by paperplane2016 > 2016-03-16 03:14 | Report Abuse

robert168 Let see how it goes for long term.. Don't judge it so fast! Nah !!! Gengster like u only... Overall the group is doing good. They have the long term business and this counter is not related to oil and gas..
18/01/2016 20:29

Posted by paperplane2016 > 2016-03-16 03:15 | Report Abuse

I copied there what someone said earlier, just in case he forget. Price is now 1month YTD

Posted by robert168 > 2016-03-16 06:30 | Report Abuse

That's truth.. Long term counter.. People like you will always follow rumors to walk.. Not judging by proper survey and study.

Posted by 8wpwtmt8 > 2016-03-16 15:36 | Report Abuse

Robert168, how? Free fall to RM2.22.

Posted by robert168 > 2016-03-16 15:40 | Report Abuse

don't be panic.. let the panic seller sold whatever they have.. I still holding whatever I had..

cheers ~~

Posted by ovation4u > 2016-03-16 15:44 | Report Abuse

OWG keep buying what others panic to sell . This is what so called ,肥水不流外人田 keep the goodies within the family . Lets ride the roller coaster~!Winner never quit.!

Posted by 8wpwtmt8 > 2016-03-16 16:02 | Report Abuse

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