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Stock With Momentum: Only World Group Holdings

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Stock With Momentum: Only World Group Holdings

Post by Cals Mon 28 Dec 2015, 22:56

Stock With Momentum: Only World Group Holdings

By Asia Analytica / The Edge Financial Daily | December 28, 2015 : 10:32 AM MYT

This article first appeared in The Edge Financial Daily, on December 28, 2015.

Only [size=16]World Group Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A) (-ve)

SHARES of OWG (Fundamental: N/A, Valuation: N/A) rose 7.2% to close at an all-time high of RM3.13 last Wednesday. Since first triggering our momentum algorithm in April, the stock has performed well, rising by 40.7%.

Listed in December 2014, OWG is primarily involved in operating food service outlets and a central kitchen. This segment contributed 73.8% of FYJun2015 revenues. The company also operates water amusement parks and family attractions, which include Wet World Water Parks, STARShip Galactica and Roller Sports World.

Since end-July, Dato’ Sri Dato’ Koh Cheng Keong (OWG’s managing director and largest shareholder) has cut his holdings in OWG to 57.2% from 68% in the open market via his private vehicle Rich Dad Café Sdn Bhd. The latest share sale was on December 16, with two million shares disposed.

Meanwhile, OWG will be holding an extraordinary general meeting on December 29 to approve its proposed 1-for-5 bonus issue.

[You must be registered and logged in to see this image.]
[/size]

Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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