OWG seen to trend upwards on tourism recovery

HLIB Research, in its technical tracker note, said: “We see the return of tourism following Malaysia’s transition towards endemicity as a turning point for OWG.“This will help drive more footfall to its F&B outlets and family attractions.”

PETALING JAYA: The worst is likely over for Only World Group Holdings Bhd (OWG) following the recovery of the domestic tourism industry.

This is the view of Hong Leong Investment Bank (HLIB) Research, which added that the group’s businesses in food and beverage (F&B) outlets, water amusement parks and family attractions strategically located in popular resorts and shopping malls, such as Genting Highlands in Pahang, Komtar Tower in Penang and the Klang Valley, were heavily affected during the Covid-19 pandemic.