The most likely is to repackage the theme park into Disney theme park BUT that will be a big mistake as the people that we want to pull already has their own version of Disney at their homeland and to come all this way for a mini Disney, the big rollers' family (and childrens) will not feel they are getting a fair deal. Moreover, the structures of the rides are there to see now and to repackage will be a terrible management decision.
Forget about the Disneyland. Profit is not going to go up, at least in FY19. This is due to heavy CAPEX spending which will result in higher PPE depreciation. Thus profit margin will be further squeezed. It may go into red. Not to mention its deteriorating balance sheet.
Disneyland huh. Stop giving kind of stupid rumors. It's about management is a shit creature. Should have listen my friends that used work at OWG. how much loan they are financing from CIMB and it s the GP margin is able to cover the interest from loan.
Hong Kong Disney has releasing opening expenditures to the public about Thiers opening of Disney land. Do you think owg has the ability to build a Disney land. Really how stupid I am
at current price of 64 cents is trading at 40 x PE. imagine if is 15 x PE to reflect the low growth in profitability. the price should be around 24 cents only
shpg22 Downgrade to 0.65 @ forward P/E of 25 14/02/2018 11:36
When I set the target price of 0.65 8 months ago, the share price was traded at 1.3x then. While most IB target price was above 2.00. So it is best to ignore all the target price from IB because it can be so inaccurate that even a 6 years old can give a better number.
OWG would be badly hit by this. Since IPO the are tapping on the completion of theme park to justify on high PE ratio. However, the long legal disputes and probably another delay in this tussle would result that OWG without any catalyst for the next 5 years. All the current businesses start to show decreasing trend in both volume and absolute profitability
Ini semua James punya pasal or I wouldn't have invested in Oh My God. When the OMY announced it will participate in Genting project, its share price going up like crazy breaching 2.50 level.
why owg? --> act smart Invest_Sensibly? if you are smart .. u must be make alot of money n why hanging here to poisoning.
owg is a fnb operator... it should be genting... anyhow owg is operating without 21 cen fox support too. ... owg is also experienced operate a theme park before in genting... how about indoor theme park? u mean 21 cen fox will caused people dont go up to genting?
king7, ppl are just hold to wait for outdoor theme park to attract more visitor, so they are willing to pay higher valuation. but now they afraid visitor become lesser
--->loonginv ... always worry .... did u see genting is doing badly nowaday? why these peoples still go up to genting? try to relate the impact to owg ... yet ...?some more want to get compensation for what is related?
Right now the themepark cannot use 20fox theme, that doesnt mean the themepark is not operating... in the past, genting punya theme park has not tie up with any brand, just doing own theme park brand, dont see any issue, they can continue with this strategy. Of cos the catch is maybe with 20fox, it can draw more tourist with that brandname. Honestly speaking, rides is rides, who will remember what rides associated with what movie. So long the rides r exciting and raise heartbeat, it will attract crowds. Without having to pay license fee to 20fox, maybe the entrance fee will be cheaper also, that may draw crowd also.
On the issue OWG dont get anything from 20fox, lets look at the parties involved.
20fox grant genting the license to use 20fox theme for their rides etc. Genting outsource to contractor to build the rides, so agreements signed with contractor. There are 2 parts to this, if OWG is the contractor, whatever built, genting has to pay. If modification needed to change the 20fox theme to another brand, genting need to incur that cost for any VO, so genting still need to foot the bill. If OWG is just themepark operator, unless genting is going to write off the entire investment (which is not plausible), the themepark will still go on albeit with a different theme, so OWG will still earn.
you know smtg?... think abt it... who is forcing Disney to buy Fox when, Fox is involved with Genting to develop the theme park in the very first place. The project was implemented long b4 Disney's desire to acquire Fox. Disney can always drop the idea to acquire Fox if its against their 'family-friendly' image. I believe it makes no sense for Disney to now claim they wanted Fox to distance themselves from working with Genting by terminating the agreement. Big-time biz drama going on here.
Consolidation to get market leadership is always a norm in US. What exactly disney wana buy into is really our best guest. Maybe they wanted their tv production house to compete with online streaming co?
One possible way why they kill this off so that there will only have one and only disneyland with both disney n fox theme combined into one. Put it this way, right now disney has assume full control of fox, u as the owner of disney, u wana see one brand of themepark under disneyland or have another competing themepark? Right now disney has such a huge bargaining power from film to production house to merchandism after acquiring its competitor, they can literally bulldoze the market with their own terms.
I would say the move by genting is a smart one. By protocol, they should have announced the termination first. But instead of doing so, they straight away bring disney n fox to the court, so now put both of them on defensive mode, meamwhile they have time to strategise and regroup what to do with the themepark. The cost is already sunk in, so anything gotten from the lawsuit will be bonus, without that, theme park will still go ahead.
Time to collect ... keep for long term Indoor edy start open... revenue will increase Outdoor may keep close for few year ... but the current price edy shown effect
Jz wait for Genting how to rebuilt the outdoor... ... Maybe nx yr both side settle the case and happy ending .. who know?!
OWG financial performance for 1Q19 was actually not that bad up to the EBITDA level. EBITDA for the quarter was at RM9.6mil vs RM8.2mil recorded last year.
But then there was a higher depreciation and amortisation charges (RM6.8mil vs RM4.7mil) and also higher finance cost (RM2mil vs RM900k )which bring down the PBT to only RM1mil. Both of the higher depreciation (related to opening of new outlets in Genting) and finance cost are expected to be at this level for 2Q19 as well.
If OWG's revenue does not increase meaningfully then investors are to expect a profit level of 1Q19 going forward.
Initially FY20 growth story was supposed to be driven by the potential opening of the 20th Century Fox World. But given Fox decision to pull out of the collaboration meaning most of the rides if not all will need to be redone (at least changing of the name and the imaging of the rides) given that Genting will no longer have the licence to market the rights as per the original plan. Some of the rides in question are : Son of Anarchy, Fox Theatre Experience, Rio Carnival Chaos, Wings Over Rio, Mub & Grub’s Epic Boat Tours, Scrat’s Nutty Adventure and another 13 rides or so.
Not sure Genting will be even able to open the doors of the park in 2020.
Even if management managed to increase the current operation and record a profit of RM8mil for FY19, at the current share price it would still value the company at a PE of 18.8x PE. With the uncertainties arising from Genting's Fox world, i don't see how the company could provide the high expected growth that investors would demand for paying an expensive price for OWG.
On the other hand, major shareholders seems to be buying into the company. At least you can see that they actually believes that the company is undervalue.
If you are already an investor, then you need to hold this stock a bit longer in order to see meaningful profit growth which should come when the new Genting theme park is open ( at least another 2 years. 2021 hopefully.)
If you are looking to diversify your portfolio into a company that is currently undervalue but will be able to profit profit growth in FY19, i would recommend you to look at MBMR.
The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 307 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11539 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
692718720
2,054 posts
Posted by 692718720 > 2018-10-23 00:49 | Report Abuse
hehehe.....boss is same...but... different mgt manage different company....