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Overview
Financial Highlight
Headlines
Business Background Only World Group Holdings Bhd is engaged in providing of leisure and hospitality services incorporating the operation of food service outlets, amusement parks, and family attractions. Business activity of the firm is functioned through three segments namely Food Service, Amusement and Recreation Operations and Other Service segment. The Food Service segment is involved in the operation of central kitchen operation and food service outlets, the Amusement and recreation segment is involved in the operation of water amusement parks and family attractions and whereas the other service looks into the operation of various complementary products and services and investment holding. All the activities are operated through Malaysia, which also acts as the revenue generation region.
  Orson Chin 云顶高原 FB 的通告 : 云顶 SkyWorlds 将从 12 月 10 日 至 1 月 2 日局部开放，入场免费，游乐设施在这期间将采用 Pay Per Ride 制度。 09/12/2021 11:17 AM Rio2814 https://www.reuters.com/business/healthcare-pharmaceuticals/pfizer-oral-covid-19-pill-gets-us-authorization-at-home-use-2021-12-22/ 25/12/2021 7:23 PM Rio2814 https://www.theedgemarkets.com/article/sp-500-inches-closer-record-high-omicron-fears-ease 26/12/2021 10:29 PM Rio2814 https://www.bharian.com.my/bisnes/korporat/2022/01/910535/genting-skyworlds-dijadual-buka-bulan-depan 12/01/2022 10:19 PM  cheeseburger https://www.theedgemarkets.com/article/sneak-peak-genting-malaysia-says-rm32b-genting-skyworlds-be-opened-feb-2022 estimate visitor arrivals to increase to 23 million and 27 million people in FY22F (ending Dec 31) and FY23F respectively, recovering from a low of 12.7 million in FY20. 29/01/2022 9:58 AM Rio2814 https://www.freemalaysiatoday.com/category/nation/2022/01/31/genting-skyworlds-set-to-open-on-feb-8/ 31/01/2022 7:37 PM cheeseburger KUALA LUMPUR: Genting SkyWorlds Theme Park, Southeast Asia’s most anticipated theme park, will open its doors to the public on Feb 8. As part of the theme park’s soft opening, Genting SkyWorlds is offering a 20% discount on its published rates for bookings from Feb 8 to March 31. 03/02/2022 11:32 AM cheeseburger with border remain closed, and gov commit of no more lock down, Genting Skyworld will be in sweet spot of gaining strong local visitors. OWG will rebound 03/02/2022 11:35 AM Rio2814 Change in Nomination Committee - DATUK LEONG KAM WENG | https://www.klsescreener.com/v2/announcements/view/3498667 09/02/2022 6:09 PM Rio2814 Quarterly rpt on consolidated results for the financial period ended 31/12/2021 | https://www.klsescreener.com/v2/announcements/view/3507915 26/02/2022 2:31 PM kxy1130 https://klse.i3investor.com/web/blog/detail/rhbinvest/2022-03-04-story-h1599416069-Trading_Stocks_Only_World_Group_Holdings 04/03/2022 10:26 AM BursaKakis OWG: The worst is likely over A victim of Covid-19. Listed in the Main market since 2014, OWG Berhad (OWG) is an investment holding company that manages and operates F&B and leisure-related brands found in popular resorts and shopping malls. The group's F&B outlets, water amusement parks, and family attractions are strategically located in tourist attractions, such as Genting Highlands, Komtar Tower at Penang and Klang Valley. As the group business is primarily involved in the tourism industry, the onset of Covid-19 has heavily affected the group's operation. The decline of business volume from its Food service operation as well as the Amusement and recreation operation has whipped 79% of its FY19 revenue of RM123m to RM25m in FY21. In turn, the group chalked into red in FY20 (the first loss-making FY since it was listed), and the loss expanded further to RM42m in FY22. Nonetheless, we see the return of tourism following Malaysia's transition toward endemicity as a turning point for OWG as it will drive more footfall to its F&B outlet and family attractions. A comeback. As of 21 June, Malaysia has already surpassed its full-year target of 2m incoming tourist arrivals. Genting Highlands, where most of its outlets are located and made up 40% of OWG's bottom line back in 2019, has seen its footfall gaining traction supported by (i) pent-up demand for travel, (ii) the depreciation of ringgit, and (iii) the launches of GentingSkyworld theme park. We flag that the group turnaround 3QFY22 (report until 31 March) had yet to reflect the strong return of foreign tourists as Malaysia only reopened its international border on 1 April 2022. In view of solid recovery momentum (2H seasonally stronger earnings), we expect greater business volume in its F&B outlet and family attractions and thus better earnings going forward. HLIB 26 July 2022 26/08/2022 11:08 AM BursaKakis Outlook Genm Outlook : GenM has finally returned to black mainly driven by capacity ramp up and increase in footfall from subsided Omicron wave and foreign visitors from border reopening. Looking ahead, the recovery trajectory should continue for RWG from (i) hotel capacity ramp up (room available as at July was 7.6k vs. 6k in June); (ii) theme park capacity ramp up (3 more rides by 4Q22); and (iii) increase in foreign visitations as more countries relax their border restrictions. The current weak local currency should bode well for foreign visitations. Furthermore, the opening of SkyWorlds theme park also allows RWG to attract a large and previously untapped Muslim market which represents c.63% of Malaysia population. GenM will be able to harness the full potential of SkyWorlds in 2H22 as capacity ramps up. The increased footfall to the theme park should have a positive spillover effect to the other venues in RWG HLIB 26 Aug 2022 29/08/2022 10:06 AM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
