PublicInvest Research

Technical Buy - OCNCASH (0049)

PublicInvest
Publish date: Mon, 22 Jul 2024, 09:52 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Description

OCNCASH's two main business segments are insulation, which involves making and selling insulation products, and hygiene, which involves making and trading hygiene products.

Fundamentals

The Group expects its sales volume in Thailand to improve in 2024 as localisation processes are completed and Thai customers start purchasing locally. In Indonesia, sales volume is anticipated to increase in 2024 with the introduction of new products from a machine acquired in 2023. In Malaysia, the Group expects stable or slightly decreased volume due to economic uncertainties and a decrease in exports to Thailand.

Source: PublicInvest Research - 22 Jul 2024

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