Posted by hostan > 2015-04-15 00:38 | Report Abuse

For those wish to hold for mid/long term,may buy this,i am sure the return will great.

Posted by dalpinia > 2015-04-15 17:02 | Report Abuse

hostan....may we know why u r so sure?

Posted by Flylikeg6 > 2015-04-15 17:36 | Report Abuse

Haiz this counter never disappointed us....

Posted by Lucas Chan > 2015-04-15 19:04 | Report Abuse

Owg gogogo!!

Posted by hostan > 2015-04-15 21:11 | Report Abuse

Today hit new high at RM2.26

Posted by Jack Ong > 2015-04-15 21:39 | Report Abuse

hehe ... hold and get ready for next year surge .. =S

Posted by kentrade888 > 2015-04-15 22:12 | Report Abuse

http://www.chinapress.com.my/node/614703

Posted by jaCKyFoo > 2015-04-16 00:24 | Report Abuse

Y so hot this OWG? OMG i missed it...

Posted by dalpinia > 2015-04-16 08:14 | Report Abuse

Today rm2.5

Posted by Alpha Trader > 2015-04-16 14:57 | Report Abuse

Just continue to hold, this stock is worth RM4 next year

Posted by Andrew Wong > 2015-04-16 15:00 | Report Abuse

Alpha Trader, i don't seem to see any background about this company, do you think can explain a little about this company, i probably already miss the boat, thank you.

Posted by vngirl > 2015-04-16 15:07 | Report Abuse

can enter now?

Posted by Alpha Trader > 2015-04-16 15:13 | Report Abuse

You can take a look on CIMB's report

Catalyst:

Next year 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, 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 and next year, conservatively projecting 1 million visitors annualy, that would be equivalent to RM20m revenue if ASP is about RM20, then people will dine there too, havent included

so expect rev and pat to double next year minimum, and also PE to go up, so you get both side revaluation

Posted by hotdogge > 2015-04-16 15:28 | Report Abuse

thanks Alpha Trader.

Posted by hostan > 2015-04-17 01:51 | Report Abuse

Vngirl,still can enter now and hold it and get ready for next show time.

Posted by vngirl > 2015-04-17 10:13 | Report Abuse

tq....

Posted by kai8994 > 2015-04-20 11:36 | Report Abuse

My little advice to people who are considering to buy now, please ask yourself this:-

Is the owner stupid that he can't foresee the growth like what CIMB analyst did and agreed to do the IPO at 88cnts?

Of course, it could be the owner is damn generous and want to share his wealth with minority investor :D

Posted by 8wpwtmt8 > 2015-04-20 18:26 | Report Abuse

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.

Posted by king7 > 2015-04-20 21:36 | Report Abuse

What I can say owg catch the luxury Tourism yacht. Genting , Penang n putrajaya. Attraction place. where b4 owg more on FnB n family day type water park/fun fare/believe it or not. They themselves underestimate or not sure main icon tourism place . Of cos IPO base on past business . If above all successful then RM 3 not a dream. Somehow in the pipeline .

Posted by mbnk > 2015-04-21 13:51 | Report Abuse

shifu alpha trader, in this price still ok to in? or can wait for correction?

Posted by mbnk > 2015-04-21 14:01 | Report Abuse

sorry master shifu AT, may i ask ur opinion, to keep ifca or to buy OWG, which one better?
example i sell 48 lots ifca-wa to buy 30 lots OWG, how u think?
thank you.

Posted by MoneyInTheAir > 2015-04-21 21:31 | Report Abuse

CIMB raise owg tp to 3.02!Exciting 2016 when Sky
Avenue is launched and the theme park is ready. The newly-refurbished
Komtar will also be ready by end-2015. EPS growth of 46-47% in
FY16-17 is very attravtive.Grap the opportunity to buy now before too late, this stock is worth RM4 next year and at least RM2.80 before end of this month,
mark my words.

Posted by Lucas Chan > 2015-04-21 21:35 | Report Abuse

wow~ moneyintheair where u get this tp??

Posted by Lucas Chan > 2015-04-21 21:37 | Report Abuse

owg tp 2.5!! take noted please!

Posted by Lucas Chan > 2015-04-21 21:38 | Report Abuse

after tp 2.5! it will stard sleeping mode!

Posted by Happyzai > 2015-04-21 21:38 | Report Abuse

Tmr morning might open high. Will buy some!

Posted by MoneyInTheAir > 2015-04-21 21:42 | Report Abuse

CIMB research already ungrade the tp and send to clients today.i3 not yet publish, i think 2mr early in the morning can jump in to get the share before the news go to public

Posted by 8wpwtmt8 > 2015-04-21 22:31 | Report Abuse

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.

Posted by 8wpwtmt8 > 2015-04-21 22:40 | Report Abuse

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.

Posted by Alpha Trader > 2015-04-22 07:24 | Report Abuse

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

Posted by johnny cash > 2015-04-22 07:33 | Report Abuse

I love Penang
In a recent group meeting that we organised between fund managers and
OWG’s management, we learnt that Komtar would be a themed
attractions-based destination. Its NLA has doubled and the space will be fully
taken up by end-15. We raise our FY06/16-17 EPS forecasts by 12-18% to
reflect higher rental revenue from the Komtar space and higher projected
revenue from the observation deck on level 64. Our target price is raised to
RM3.02, still based on 19x CY16 P/E (20% discount to the F&B sector target
P/E). We maintain our Add rating. Further upside could come from 1) F&B
revenue at Komtar, 2) ticket sales for the new attractions at Komtar, and 3)
additional space in Genting.
What Happened
The focus of the meeting centred on updates at Komtar. We gathered that the
original 60k sq ft of NLA at Komtar has doubled and the space will be fully
taken up by end-15. The extra space will come from an additional floor (level 66)
and new spaces on levels 3, 4, 5 and 6. Komtar will be modelled along a themed
attractions-based concept; a popular Japanese manga park and prehistoric
attractions will be built. Management is also bullish on the potential for the
tourist observation deck on level 64, targeting 1m visitors within the first year.
What We Think
We are confident that the Komtar revitalisation project will be a success. As a
tourist destination offering themed attractions, a high-rise observation deck
and a sky bar/dining under a single roof, Komtar will be another captive
market business in addition to Genting Highlands, we believe. Penang averages
5m-6m in tourist arrivals annually (local and foreign). With the help of the
Penang state tourism board in promoting Komtar, we believe that
management’s target of 1m visitors is conservative and achievable. We raise our
observation deck visitor estimate from 600k to 1m at unchanged blended
revenue of RM15/visitor, which is conservative as management expects to price
the tickets at a higher rate. In the longer term, Penang’s LRT and cable car
projects will further drive tourist traffic to Penang and, by extension, Komtar.
What You Should Do
Remain invested in the stock. Our forecasts remain conservative as we have not
factored in profit contribution from 1) its own F&B outlets in Komtar (levels 5,
59 and 60), 2) higher blended ticket rates for level 64, 3) revenue from the
themed attractions at Komtar, and 4) additional F&B revenue in Genting.

Posted by johnny cash > 2015-04-22 07:34 | Report Abuse

Highlights of the group meeting
OWG was represented by chairman and group CEO Dato’ Richard Koh,
executive director Datin Jean Koh and CFO Mr Chik Chan Chee.
1. The meeting centred on updates at Komtar. The original 60k sq ft of NLA
at Komtar has doubled and the space will be fully taken up by end-15. The
extra space will come from an additional floor (level 66) and new spaces
on levels 3, 4, 5 and 6. The additional capex required is c.RM30m
(bringing total capex to c.RM90m), which will be funded by borrowings.
We assume an interest rate of 7% in our interest expense estimate.
2. OWG intends to operate most of the F&B outlets at Komtar, although the
actual space to be allocated for its outlets has not been finalised. We
estimate the total space for F&B (including levels 59 and 60) to be
c.50,000 sq ft. In terms of development timeline, levels 59 and 60 will be
ready by 7 June, in time for the Annual Penang Komtar Tower Run.
Assuming OWG operates about 80% of this space (c.40,000 sq
ft), every additional RM1 in pretax profit psf could add 1% to
FY16 EPS and 1.2% to FY17 EPS.
3. Komtar will be modelled along a themed attractions-based concept; a
popular Japanese manga park and prehistoric attractions will be built.
There could be up to four attractions built at Komtar. Assuming OWG
can attract 500k visitors per attraction per year, at a blended
ticket rate of RM20 and a conservative 15% pretax margin, the
themed attractions could add 11% to FY16 and 15% to FY17 EPS.
This is a conservative estimate as Ripley’s Believe It or Not in Genting
Highlands earned between 24% and 48% in pretax margins between FY12
and FY14.
4. Management is very bullish on the potential for the tourist observation
deck on level 64, targeting 1m visitors within the first year. Management
gave two reasons for its bullishness: a) the lack of tourist attractions in
Penang. TripAdvisor lists only four main sites to visit in Penang – Kek Lok
Si Temple, Botanical Gardens, Penang Hill and the Batu Ferringhi beach,
and b) Penang Hill attracts 1.4m visitors a year, with lengthy queues and
waiting times. As such, management believes that its 1m target is
conservative. Our forecasts assume RM15 as the blended ticket rate, which
is conservative as management expects to price the tickets at a higher rate.
Our sensitivity analysis suggests that every RM1 increase in
ticket rate above RM15 could add 0.7% to FY16 EPS and 1% to
FY17 EPS.
5. In the longer term, Komtar visitation will also benefit from improved
traffic links arising from the RM27bn Penang Transport Master Plan. The
LRT project, a RM4.5bn 17.5km elevated stretch linking Komtar with the
Penang International Airport, will see construction begin next year. A
‘Penang Sky Cab’ cable car system connecting Penang Sentral in
Butterworth to the island is also expected to be completed in 2018. The
3km link is expected to take around 15 minutes to travel in each direction
and will be able to cater to 1,000 passengers per hour per direction.

Posted by johnny cash > 2015-04-22 07:35 | Report Abuse

TARGET PRICE BY CIMB 3.02 FROM 2.62...WOW WOW

Posted by johnny cash > 2015-04-22 07:37 | Report Abuse

CURRENT PRICE 2.38

Posted by johnny cash > 2015-04-22 07:40 | Report Abuse

http://www.theedgemarkets.com/my/article/advancing-klci-could-be-halted-profit-taking

Posted by 8wpwtmt8 > 2015-04-22 11:15 | Report Abuse

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

Posted by Vaylens Chong > 2015-04-22 11:33 | Report Abuse

OMG right now!

Posted by 8wpwtmt8 > 2015-04-22 11:46 | Report Abuse

Dropping with small volume.

Posted by LOOK009 > 2015-04-22 11:50 | Report Abuse

target:3.02

http://cimbresearchklse.blogspot.com/2015/04/only-world-group-holdings-i-love-penang.html

Posted by 8wpwtmt8 > 2015-04-22 11:58 | Report Abuse

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

Posted by Vaylens Chong > 2015-04-22 12:31 | Report Abuse

Will drop more soon...

Posted by robert168 > 2015-04-22 13:47 | Report Abuse

will shot up all the way to rm2.70 ~~~ just have a look

Posted by alphajack > 2015-04-22 13:49 | Report Abuse

2,50-2.60 next month

Posted by Vaylens Chong > 2015-04-22 13:52 | Report Abuse

2.2-2.3 this month

Posted by 8wpwtmt8 > 2015-04-22 14:22 | Report Abuse

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

Posted by robert168 > 2015-04-22 15:21 | Report Abuse

too conservative !!! this counter will shot up... till 3 plus management will proposed share split !!! let have a look !!

Posted by robert168 > 2015-04-22 17:22 | Report Abuse

have a check on the last minutes transaction... someone sweeping in super big volume at 2.33.... super good sign..

Posted by alphajack > 2015-04-23 00:49 | Report Abuse

very strong la. I wished I had more..2.50 is for sure next month..Honestly I want it to dip a bit to 2.20 so I can collect more. But looks like cannot. Too strong zz

Posted by 8wpwtmt8 > 2015-04-23 11:22 | Report Abuse

What has happened to OWG today? No transaction.

Posted by mbnk > 2015-04-23 13:25 | Report Abuse

boring day