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Overview
Financial Highlight
HeadlinesBusiness Background Oceancash Pacific Bhd is the manufacturer of resinated felt and non-woven products. The company operates through three business segments which include Insulation, Hygiene and Investment holding. The Insulation segment is engaged in the manufacturing and distribution of insulation products. Its Hygiene segment is involved in the manufacturing and trading of hygiene products. The Investment holding segments consist of investment holding and provision of management services. The company's geographical operation includes Malaysia, Indonesia, Japan, and Thailand.
  Kevin Tam This company is undervalued at 31-34 cents n it is strange that the company is producing non woven materials for masks n diaper but keep dropping since 1 month ago.. 26/03/2020 5:34 PM KINGCOBRA3 hold tight tight....touching 60s within a month time ...been dropping TOO much!...overdone!!! 27/03/2020 12:00 PM Michael Yeo No raw materials. Oceancash turned down request from a face mask maker to buy their non-woven fabric. 28/03/2020 6:11 AM Daily8 Micheal, pessimism is not good in times of reflection. By now, we need to discredit Ocncash as the sole provider for non-woven material. Unless Ocncash intended to amplify their circles of businesses to other segment, especially hygiene material related to healthcare and PPE products, we will see a better prospects in healthcare segment. It looks clear to me that whatever took place on 82 c surged was due to punters-job. For this moment, we can only bet on the cash rich company background. xx 28/03/2020 3:41 PM Underhand If good, the share price will reflect it. But it obviously not good at all 28/03/2020 4:47 PM Michael Yeo It is true that they do no sell their non woven fabric to a face mask factory recently. Reason unknown. The owner of face mask factory is my friend 30/03/2020 8:54 AM Michael Yeo But who does not want to do business during this challenging times. So as reported in the media, the main reason is still no availability of raw materials. 30/03/2020 8:57 AM Daily8 Michael, what has your friend mask factory got to do with ocncash I wonder 30/03/2020 2:55 PM Daily8 It has been stated many times over this forum that ocncash DO NOT DO FACE MASK. I have personally called up to the factory and verified it. Please do NOT be out of topic or spread the hot mask prod is linked with ocncash. NONE. 30/03/2020 3:20 PM Daily8 The non-woven materials are for other products such as diapers, sanitary pads and etc. Not Covid-19 related products. 30/03/2020 3:21 PM balvin71 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. 30/03/2020 4:03 PM Kevin Tam 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.... 30/03/2020 8:25 PM Daily8 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? 31/03/2020 12:01 AM  rajachulan ocncash should increase the face mask sales from 2% to 20%... diapers can wait... 31/03/2020 10:20 AM Michael Yeo 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 ! 31/03/2020 1:27 PM Michael Yeo 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. 31/03/2020 1:27 PM learnbyheart Micheal..its normal when someone cut loss and suffer badmouthing on stock. You are not born yesterday aren't you? 31/03/2020 2:28 PM Daily8 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. 31/03/2020 11:06 PM Daily8 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. :) 31/03/2020 11:09 PM balvin71 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? 01/04/2020 9:32 AM learnbyheart ocncash director is not stupid to let face mask opportunity passing by since they have ability to full swing on mask production 01/04/2020 10:30 AM Daily8 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. 01/04/2020 11:15 AM Daily8 fake commentor Princenato AffinHwang has revised to Sell call on OCN, watch out guys 01/04/2020 2:34 PM 01/04/2020 2:42 PM Addy 疫情下的中国新机遇 https://www.youtube.com/watch?v=XDoXpynNdVY&list=PLyqYYMPQyRrztpWHdkcuF9O6Y0_YIegCl&index=7 02/04/2020 11:16 AM Princenato https://researchnews.affinhwang.com/Research/DailyReports/20200402/Affin%20Hwang%2020200402%20Auto%20SU.pdf 02/04/2020 2:30 PM Daily8 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. 03/04/2020 12:34 AM balvin71 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. 03/04/2020 11:18 AM Princenato @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. 03/04/2020 2:26 PM Michael Yeo America giant companies closed till May 20. This external factor impact our ikan bilis market 03/04/2020 3:36 PM balvin71 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. 06/04/2020 9:43 AM money73 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. 06/04/2020 12:28 PM learnbyheart low selling volume is sign good sign. it represent people still holding the share 09/04/2020 6:53 AM Michael Yeo Yes. But it also represent buyers are not willing to commit into a lousy share. 09/04/2020 2:38 PM Michael Yeo https://www.freemalaysiatoday.com/category/nation/2020/04/10/glove-condom-makers-turn-face-mask-producers-for-covid-19-crisis/?utm_source=FCM&utm_medium=Push 10/04/2020 12:22 PM Michael Yeo Topgloves gonna take a good share of the face mask market. Ocncash is just a ikan bilis from ace market a year ago 10/04/2020 12:24 PM  | |
