Got one sifu give big big call when it was around 2.0,,,until now the sifu diam on this one,,,not sure he hv buy or not,,, That group call Bursa Red Ocean,,,kikiki
According Q42017 report, 2 food outlets at Sky Avenue contributed 2.5m in revenue & 0.9m in profit for half year period. Meaning the profit margin 36%, quick high. So, any sifu here know how many F&B outlets will allocated to OWG in First World Plaza after renovation?? Previously 12 outlets which closed since renovation started. Will be more or less?? Please advice.
I DO NOT KNOW HOW MUCH THIS OWG COMPANY PAID TO CIMB COMPANY, TO MARKET THEIR OWG SHARES...TILL TODAY THIS CIMB RESEARCH, STILL MARKETING IT. SO MUCH OF THE PUBLIC RETAIL INVESTORS MONEY ALREADY BEEN TRAPPED BY THEIR PLAY..
SOMEBODY in CIMB tried to manipulate this stock, by giving high target price.. anyway nevermind we wait next year,, many are saying it will be a good year for companies earnings.. there will be some recovery
results going south; although revenue increased slightly, see trade debtors amounts, increased by RM3.9m from 30 June 17’ aren’t they in cash business? That means the net profit of RM2.9m could be due from debtors. Cash position is worse, now deficit of RM5.3m. Gross profit margin dropped by 4%. Also why no disclosure on business performance as required under part II compliance with appendix 9 B of bursa requirements? to explain on the drop of gross profit margin.
For cash position, I believe it's more accurate to look at the overall cash & cash equivalent utilized BEFORE deposits pledged w licensed banks and bank balance held as escrow. Cash & cash equiv. actually increased by 3.1 mil (15.4 mil vs 12.3 mil) over the last 3 mths.
No doubt most of the F&B and amusement park transactions we see on the surface are cash basis, however I'm sure the trade debtors amount includes transactions for events by corporate clients where a credit term is normally given for collection. The disclosed credit term is 30 days. At the end of the day, we need to assess whether the risk of increased trade debtors is tolerable or not. We also need to see the trade debtors ageing analysis to establish if OWG is doing a good job in collecting the receivables amounts owed.
You need to see the free cash balance, as you can’t deploy any funds in escrow account. To release any amount under escrow, entails to removal of certain conditions from the lenders.
If the assumption is that the credit extended is on average 30 days, then what they are reporting was the increase in revenue of RM1.68 m correlates with the increase in debtors in RM3.9m? It does not add up!
@ johnny cash, the increase of 65% reported in the link, is between net profit for the period ended 30 sept 17 against 30 sept 16. However, one must take into consideration that in sept 16 the komtar project was not operational yet but there were significant start up costs. Hence the lower net profit then. So with komtar fully operational, they are only making RM2.5m in a quarter which is very low compared to 2015 and prior. The assets are not sweating enough.
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Posted by King7 > 2017-09-13 11:48 | Report Abuse
dont buy ? wait to RM 0.75 said by rogers123.