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3,329 comment(s). Last comment by Michael Yeo at Apr 8, 2020 11:10 PM
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learnbyheart
50 posts

Posted by learnbyheart > Mar 30, 2020 3:29 PM | Report Abuse

they producing raw material for mask isn't? go to their website


balvin71
1052 posts

Posted by balvin71 > Mar 30, 2020 4:03 PM | Report Abuse

Their non-woven is used in diapers manufacturing. Not used in face mask. Please read their annual report and quarterly reports. Unless they have modified their factory to make non-woven for masks, this I don't know.

Website just says, non-woven is used in..... Does not mean their non-woven is used for all of it. They specialize in breathable non-woven for diapers. These are higher end better margin diapers as more comfortable for the user.

I had sold all of my share-holding when the price went up. Would consider going back in once this Covid stabilizes.


Kevin Tam
77 posts

Posted by Kevin Tam > Mar 30, 2020 8:25 PM | Report Abuse

If the top management of Oceancash doesn’t take this golden opportunity to increase 3-4 folds non woven material to mask manufacturers at Malaysia, is kind of unwise ; still feel doubt about 1.5 months ago an article by CIMB analyst that only 2% of her revenue for the non woven materials for surgical masks....


Daily8
3255 posts

Posted by Daily8 > Mar 31, 2020 12:01 AM | Report Abuse

Look at the bigger picture. Face mask is a seasonal product, China is the largest mass production of mask and therefore, mask production is monopoly by China, only during Covid pandemic, masks demand is severely required,

I read 50pcs of mask cost about 16rm before the pandemic rush, now is around 100rm for 50pcs of mask.
About 6 to 7 folds of profits which Is very good. But how many months are selling it? I saw some online Sellers who keep advertising masks but still find it hard to sell. Why?


rajachulan
1460 posts

Posted by rajachulan > Mar 31, 2020 10:20 AM | Report Abuse

ocncash should increase the face mask sales from 2% to 20%... diapers can wait...


Michael Yeo
378 posts

Posted by Michael Yeo > Mar 31, 2020 1:27 PM | Report Abuse

Daily8. You said Oceancash does not do face mask. And you did have called the factory? Let us get it straight then. Read below as follows. This news was reported today. And Daily8, YOU ARE WRONG !


Michael Yeo
378 posts

Posted by Michael Yeo > Mar 31, 2020 1:27 PM | Report Abuse

KUALA LUMPUR: Shares in OCEANCASH PACIFIC BHD(OCP) rose more than 6% in early trade Tuesday after a technical buy from PublicInvest Research.

The counter rose 6.58%, or 2.5 sen to 40.5 sen, its highest in two weeks, with 3.2 million shares traded.

Oceancash’s wholly-owned subsidiary Oceancash Nonwoven Sdn Bhd manufactures and trades air-through bonded nonwovens, and thermal bonded nonwovens, which are widely used in the disposable hygienic products industry such as face masks.

PublicInvest said Oceancash has shown initial signs of recovery from its consolidation phase.


learnbyheart
50 posts

Posted by learnbyheart > Mar 31, 2020 2:28 PM | Report Abuse

Micheal..its normal when someone cut loss and suffer badmouthing on stock. You are not born yesterday aren't you?


learnbyheart
50 posts

Posted by learnbyheart > Mar 31, 2020 2:29 PM | Report Abuse

his friend work as security guard there. LOL


Daily8
3255 posts

Posted by Daily8 > Mar 31, 2020 11:06 PM | Report Abuse

learnbyheart, first, I still HOLD ocncash. No cut loss. Secondly, I accepted Ocncash have informed in advance they do NOT do MAJOR face mask production except for non-woven materials for hygiene products such as sanitary and diapers as mentioned. Balvin71 have checked and myself have checked their report from last financial report and it mentioned clearly they DO NOT product mass product for face mask ALONE.

Copy paste from Ocncash webiste.

Oceancash Nonwoven Sdn. Bhd. (OCN), a wholly owned subsidiary of Oceancash Pacific Berhad (OPB), was incorporated on December 21, 1999 in Malaysia.

The principal activities of OCN are in the manufacturing and trading of air-through bonded nonwoven, and thermal bonded nonwoven, which are widely used in the disposable hygienic products industry.

Its application include top-sheets, second layer, acquisition distribution layer (ADL), and back-sheet for diapers, sanitary napkins, wet wipes, and surgical apparels including caps, masks, and gowns.

PPE products will be another opportunity. Unfortunately gov are importing from China mostly.

U can direct contact:
Investor Relations Contact
Ms. Mah Yit Mui
Tel: +603-8925 0000
Email: enquiry@oceancash.com.my

Its deemed too early for you to claim I am wrong.


Daily8
3255 posts

Posted by Daily8 > Mar 31, 2020 11:09 PM | Report Abuse

For double confirmation, BEST to wait until the next quarter result out.

If you claimed ocncash produce masks, I am extremely happy because it will do good to the stocks. And my stock, Ocncash will go up. :)

So, no reason to fight or claim something when the fact is written in the financial report.

PS: I do 100% hope their go on full mask production too. :)


balvin71
1052 posts

Posted by balvin71 > Apr 1, 2020 9:32 AM | Report Abuse

Let us not forget their insulation business. Demand will be reduced, factory probably shut-down during MCO. Will the non-woven business be able to cover the insulation business?


Michael Yeo
378 posts

Posted by Michael Yeo > Apr 1, 2020 10:22 AM | Report Abuse

No. Insulations are their main product.


learnbyheart
50 posts

Posted by learnbyheart > Apr 1, 2020 10:30 AM | Report Abuse

ocncash director is not stupid to let face mask opportunity passing by since they have ability to full swing on mask production


Daily8
3255 posts

Posted by Daily8 > Apr 1, 2020 11:15 AM | Report Abuse

balvin71, Now everywhere in Malaysia, especially asia is lockdown due to Covid.

When factories lock down, employees are paid for a period of time. But some machines (depend on employees negotiation with ocncash) if they run some machines or R&D in contained area will run silently. Nobody knows. Of course smaller scales.

Now, employees are fearing of losing their jobs because most are forced to take unpaid leaves now.


Princenato
3 posts

Posted by Princenato > Apr 1, 2020 2:34 PM | Report Abuse

AffinHwang has revised to Sell call on OCN, watch out guys


Daily8
3255 posts

Posted by Daily8 > Apr 1, 2020 2:42 PM | Report Abuse

fake commentor

Princenato AffinHwang has revised to Sell call on OCN, watch out guys
01/04/2020 2:34 PM


money73
2 posts

Posted by money73 > Apr 2, 2020 9:05 AM | Report Abuse

Can you share AffinHwang report? Tq


Addy
523 posts

Posted by Addy > Apr 2, 2020 11:16 AM | Report Abuse

疫情下的中国新机遇
https://www.youtube.com/watch?v=XDoXpynNdVY&list=PLyqYYMPQyRrztpWHdkcuF9O6Y0_YIegCl&index=7


Princenato
3 posts

Posted by Princenato > Apr 2, 2020 2:30 PM | Report Abuse

https://researchnews.affinhwang.com/Research/DailyReports/20200402/Affin%20Hwang%2020200402%20Auto%20SU.pdf


Daily8
3255 posts

Posted by Daily8 > Apr 3, 2020 12:34 AM | Report Abuse

If you follow banker's projections, and all your buy sell based on banker's analysis, you can officially declared PN17.

Look at how they degraded econbhd to 24 c before in year 2018. They did it over and over and on the same year itself, econbhd bounced to 85c.


balvin71
1052 posts

Posted by balvin71 > Apr 3, 2020 11:18 AM | Report Abuse

Princenato, thank you for sharing the analysis.

AffinHwang target price of RM0.14 seems very low. I don't believe they took into account the non-woven part of the business. Even if we double that to RM0.28, seems on the low side, but acceptable as a worst possible case situation.

If it ever goes to RM0.14, I will refinance my house and invest all in OCN. Hahaha. Time will tell.


Princenato
3 posts

Posted by Princenato > Apr 3, 2020 2:26 PM | Report Abuse

@balvin71 hahaha, i will do the same!!! It was meant as a word of caution only, as it seems to me the goreng kaki still in this counter and some still spreading the rumor of how OCN can fly because of face mask.

Volatility now and difficult times ahead anticipated, just a friendly reminder, don't get caught. Best of Luck everyone.


Michael Yeo
378 posts

Posted by Michael Yeo > Apr 3, 2020 3:36 PM | Report Abuse

America giant companies closed till May 20. This external factor impact our ikan bilis market


balvin71
1052 posts

Posted by balvin71 > Apr 6, 2020 9:43 AM | Report Abuse

I have been trying to come out with a target price for OCN, see what is a good price to go back in. The Affin Hwang target price seems to be very much on the lower side.

Non-Woven seems to be in play now. Say their non-woven demand increases. But production will be limited as number of employees allowed to work is subject to 50% under MCO. With overtime, they can have higher capacity. And non-woven margins would have improved. Do they have sufficient raw-materials? Any supply disruption? Unfortunately, manufacturing activity for felt has more or less halted. Zero revenue with overheads.

These are my thoughts, anyone can share their in-sights.


money73
2 posts

Posted by money73 > Apr 6, 2020 12:28 PM | Report Abuse

I wonder why AffinHwang expected a much lower turnover to OCNCASH where revenue should increase if based on the demand for MASK or hygene products.


Underhand
163 posts

Posted by Underhand > Apr 6, 2020 2:07 PM | Report Abuse

Lousy company all the wise, what do you expect


ahbah
1648 posts

Posted by ahbah > Apr 6, 2020 2:12 PM | Report Abuse

Lousy ... ok so long it is not lousai !


Michael Yeo
378 posts

Posted by Michael Yeo > Apr 8, 2020 11:10 PM | Report Abuse

Loudy stock. Volume so low. The Great Depression is here soon

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