KLSE: OKA (7140)       OKA CORPORATION BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.68   +0.08 (5.00%)  1.61 - 1.69  417,500
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Market Cap: 275 Million
NOSH: 164 Million
Avg Volume (4 weeks):125,505
4 Weeks Range:1.43 - 1.69
4 Weeks Price Volatility (%):
52 Weeks Range:1.16 - 1.97
52 Weeks Price Volatility (%):
Average Price Target: 1.07
Price Target Upside/Downside: -0.61

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#2]  |  27-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  24-Feb-2018
T4Q P/E | EY: 9.65  |  10.37%
T4Q DY | Payout %: 3.27%  |  31.56%
T4Q NAPS | P/NAPS: 0.9984  |  1.68
T4Q NP Margin | ROE: 18.86%  |  17.44%


Date Subject
15-Dec-2017 M+ Online Technical Focus - 15 Dec 2017
15-Dec-2017 Daily Market Update - 15 Dec 2017 (OKA, WONG)
28-Aug-2017 [转贴] OKA(7140) FY2018 Q1 季度报告摘要 - CTBoy
14-Aug-2017 [转贴] 浅谈OKA - 阿Boon
30-May-2017 Traders' Corner - OKA Corporation (OKAC MK)
15-May-2017 TRADING BUY - OKA (7140)
28-Feb-2017 Daily technical highlights - (AWC, OKA)
27-Feb-2017 M+ Online Technical Focus - 27 Feb 2017
27-Feb-2017 Daily Market Update - 27 Feb 2017 (OKA, MSC, OKA, MSC)
25-Feb-2017 OKA(7140) - 营业额上升,盈利表现更创下单季历史新高! ~ WSWT ~
06-Feb-2017 M+ Online Technical Focus - 6 Feb 2017
06-Feb-2017 Daily Market Update - 6 Feb 2017 (REXIT, OKA)
04-Jan-2017 Daily Market Update - 4 Jan 2017 (OKA, SKPETRO)
29-Dec-2016 Financial Commentary – OKA Berhad (Dec 16) - Jackson Yuen

Business Background

OKA Corporation Berhad is a Malaysia-based investment holding company. Through its subsidiaries, the Company is engaged in the manufacture and sale of pre-cast concrete products and ready-mixed concrete, trading of ready-mixed concrete, construction and provision of transportation, and other related services.

The Company operates in two segments: Manufacturing, which deals with Manufacturing and sales of pre-cast concrete products and Others, which deals with Trading of ready mixed concrete and pre-stressed concrete piles, provision of transportation and other related services and construction and related services.

Its subsidiaries are OKA Concrete Industries Sdn Bhd, OKA Readymixed Concrete Sdn Bhd, OKA Engineering and Trading Sdn Bhd, Pembinaan Cahaya Emas Sdn Bhd and Real Charisma Sdn Bhd.
Analyze this stock with MQ Trader system

  8 people like this.
JKoh Today's 4% drop at closing is the elimination of speculators with this counter who do not understand the fundamental strengths and the future intrinsic values of this company, as they only looked at dropped revenue QoQ which doesn't mean much. However, the enormous support at RM 1.80 after opening this morning showed that there're true investors out there knowing what the quarter result and yesterday's AGM meant - further improved efficiency with strengthened RoE & RoA by 25%, and ready for ECRL / MRT / private developments which will have to adopt more precast due to current government's green construction & immigration policies.
29/08/2017 17:51
teckliang not sure if u guys noticed, now Klang Valley, Ipoh, Penang excavating all around the road. this is sewerage project and all the pipes underneath is usinh OKA precast pipes
30/08/2017 12:24
Isaac320 OKA has strong moat in this sector.
30/08/2017 14:21
JERRYBERRY .我家外面的水沟都是oka的
30/08/2017 14:21
wynwyn So got dividends or not?
06/09/2017 12:27
GaRRYtan anyone can share the info from AGM
06/09/2017 23:16
Winklse188 Hi cpng, how do you know cccc
Is Oka customer
10/09/2017 22:06
Winklse188 Cpng, do you know why the q1revenuendropped
10/09/2017 22:46
Winklse188 Will you top up more
11/09/2017 00:19
apolloang why no change name to OKU better.....hahaha
11/09/2017 00:24
Winklse188 Cpng, west coast project is progressing , but Oka revenue is dropping, so I do not understand, may you englighten me
11/09/2017 13:06
Winklse188 Cpng, what is your view on oka
22/09/2017 15:32
Lucky Kau Price is attractive now...
25/09/2017 09:49
JERRYBERRY 我也是酱想叻~这fa真的很不错耶~
25/09/2017 15:07
JERRYBERRY 老板比较专注在生意上吧
25/09/2017 15:08
uncle988 Uncle followed boss bought some today with strong demand in building construction sector
25/09/2017 21:17
JERRYBERRY oka那个文告是什么意思啊?
27/09/2017 13:38
Christiano88 @JERRYBERRY u mean esos?
27/09/2017 20:19
28/09/2017 12:30
cyeec2000 Luckily was topped up at rm1.62
29/09/2017 19:02
cpng 17the AGM minutes

Q1: Shareholder :
Page 44 of Annual Report registered RM49 million of cash and cash equivalents.
Were they placed as FD?
These were deposited with short term money market which offers slightly higher
interest rate than FD coupled with term flexibility as short as 1 day.

Q2: Shareholder :
Page 30 of Annual Report under Business overview. Is the Company’s vision to
become a leading integrated manufacturer precast concrete products in SEA being
taking place?
At present it is not easy to send products all the way overseas. We can expand
overseas by setting up factories there. However, will only do so when the
opportunity arises and is viable. We are always on the look- out for opportunities.

Q3: Shareholder :
ED :
How about to East Malaysia? What are the main products supplied to Sabah?
Noted that Pan Borneo has a big project there. Can consider places like Tawau,
Kota Kinabalu in Sabah.
We are already supplying our products to Sabah and Singapore. In the past we
have sent products to Brunei and Australia. Pipes are the main products being
supplied to Sabah.

Q4: Shareholder :
Noticed that profit increased for the past few years. What is the prospect in 2018?
Our financial year ends on 31st March. Now we have just past 1st quarter and the
results are not announced yet. It is difficult to predict whether the results can match
that of preceding year. We will certainly strive hard to achieve what we did last

Q5: Shareholder :
Is there any future plan to diversify into USD by exporting to Saudi, UAE and
US currency may seem strong now, but ringgit may be resilient to rebound. The
size and nature of the products may be difficult to export overseas.

Q6: Shareholder :
On page 44 of the Annual Report, it registered trade receivables of RM48 Million.
What is the collection risk and what is the percentage of top 3 customers?
Normal credit term is 60 days. Normal collection usually ranges from 60 to 100
days. Normally our 3 major customers will make up around 5% of our trade
The trade receivables are based on a large customer base.

Q7: Shareholder :
What products give the highest margin and most saleable? Do our competitors get
SPAN certification?
Tailored-made products give higher margins. We produce a large mix of products
with big range of differences in margin.
ED : The SPAN website states the list of companies that are certified.

Q8: Shareholder :
ED :
MD :
What is the steel price impact on profit margin? Is OKA Steel Sdn Bhd being set
up to produce steel? What is the percentage cost of steel in relation to raw
Selling price will increase if there is a significant increase in raw material prices.
OKA Steel Sdn Bhd is for the purpose of producing certain steel material that we
We will sell them when we have excess capacity. The percentage cost is around
20%. We have direct account with a number of steel suppliers.

Q9: Shareholder :
ED :
Any chance of getting China projects? How about the Ulu Langat project?
It is too early to comment on this. We are already supplying to some projects by
China contractors. Ulu Langat project is an on-going project.

Q10: Shareholder:
Resolution no. 9 is on ESOS. When does the scheme expire? Is there any plan for
another new scheme?
The present scheme is for a duration of 5 years, with provision to extend for another
5 years. It expires in January 2020. Since the current scheme is still on-going, it
is too early to plan for another new scheme.

CFO : Chief Financial Officer
ED : Executive Director
INED : Independent Non-Executive Director
30/09/2017 20:32
cyeec2000 Thanks cpng
07/10/2017 16:17
teckliang coming back!!!
11/10/2017 14:40
Keposhare What is the TP??
11/10/2017 16:36
Keposhare What is the TP??
11/10/2017 16:36
zainanmohamed Tp 1.94 / 2.10
11/10/2017 17:11
wynwyn Yay...oka is up up again!
11/10/2017 19:29
cyeec2000 Yeah
11/10/2017 19:32
eklim65 Sell now and wait for 1.60 again...
11/10/2017 23:39
乞儿 (young_&_dangerous) The increasing steel price might put the pressure on the profit margin if not hedge properly in coming quarters.

Nevertheless, I believe the coming budget 2018 might be beneficial to OKA from the IBS perspective in longer term
12/10/2017 08:54
wynwyn I will not sell..if go down to 1.60 collect more!
12/10/2017 14:13
dompeilee MRT-related concrete contract coming soon! :D https://www.youtube.com/watch?v=XqS-itpruCE&t=40s
19/10/2017 19:16
JERRYBERRY ong koon ann 业绩不好吗~
15/11/2017 13:09
hahaha1412 End of the month announce the result.
15/11/2017 14:34
wan7075 cp ng, is it too early to push down since it is on 5th Jan 2018?
16/11/2017 10:46
hahaha1412 Revenue continuous decreased last 2 quarters, business prospect look is bad if this coming quarter show lower than previous quarter. Higher metal price limited the higher profit margin too.
16/11/2017 21:29
cyeec2000 Today dividends has been received.
17/11/2017 08:59
Cindycindy11 Good news will announce on next Monday 27th Nov...
21/11/2017 11:42
Christiano88 what good news?
21/11/2017 13:08
wan7075 hope can have good news on qtr result. I assumed the result almost same with last qtr.
24/11/2017 09:47
Cindycindy11 I think this qtr result profit will increase compare with last qtr.
25/11/2017 10:33
danielng Result is out , almost the same as last qr
27/11/2017 17:32
apolloang tomoro down below 1.50
27/11/2017 17:43
angkokann What is happening to Malaysia market, other markets are damn good, everyday down down down 500 counters...
27/11/2017 17:48
babyrace What's happening to this counter?
05/12/2017 14:02
cpng 3rd Batch:Date of offer: 5th January 2017
(b) Exercise price of options offered: RM1.13
(c) Number of options or shares offered: 4,288,500
(d) Market price of its securities on the date of the offer: RM1.25

2nd Batch:Date of offer: 5th January 2016
(b) Exercise price of options offered: RM0.86
(c) Number of options or shares offered: 3,983,000
(d) Market price of its securities on the date of the offer: RM0.92

1st Batch: Date of offer: 5th January 2015
(b) Exercise price of options offered: RM0.63
(c) Number of options or shares offered: 3,985,500
(d) Market price of its securities on the date of the offer: RM0.75
11/12/2017 16:01
cpng Fund manager Gogogo! Push above $1.60 for higher ESOS REFERENCE PRICE.
不要让老板买更多便宜货。Not let them take it for granted.
If want cheap price, pls issue bonus shares.
11/12/2017 16:03
Christiano88 @cpng how u know ?
12/12/2017 08:25
cpng Fight against conspiracy of acquiring cheaper ESOS.

Good job ! Fund managers keep pusing up the prices,now the 30 days average price is $1.58.

New batch of ESOS issue price is referring the average price and 10% discount on it.So push higher the prices to revise upward the coiming new ESOS issue price.
15/12/2017 21:08
cpng My point of view on the Esos is to make executive pay a help, not a hindrance.

I am not against ESOS issues.The ESOS in the big company reflect the fortunes of the overall corporate, not the performance of the specific business that the management team are running.The executives typically award those options on top of already substantial pay packages such as remuneration fees, giving executives much to gain but little to lose.

What I am viewing those options in the small company such as OKA, can bring two immediate effects which resulting difference in behaviors are clear. Firstly they have a very different discipline in how they spend money,their mindset will be "if it doesn't grow the business, why would you do it?".

Another effect that the people will going to just try harder.The behavior is exactly what all companies need in a downturn economic environment.

But ,but The ONG families pressing down the share prices so hard every year end when ESOS REFERENCE ISSUE REFERENCE PERIOD is hurting the other long term shareholders interest made me getting flustered.

Actually the ONG families can create a win win situation if they want to enjoy cheap tickets.They
Can issue bonus shares to lowering the price.
15/12/2017 21:59


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