Price down because of supply chain disruption caused by Covid (chips and others) & Russia Special Operations in Ukraine effecting felt division. Cars and air-cond has many parts, if 1 part no stock, entire air-cond and car cannot be made. This will cause a dip in demand for felts as total required parts for production will be less. Heard demand from automotive segment severely effected. We will have to wait for next QR.
Good time to accumulate. Once issues have been resolved, and they will be resolved sooner or later, price will go up.
These are my thoughts......anyone have other opinion?
Ocncash is very light counter, if big money want to push up, easily can reach 30% in one day. consistently +ve earning every quarter, despite laggard compared to prlexus and caely. so just hold lorr.
Caely so light counter also up almost more than 50% in this month ....Oncash drop 80% since last highest level without going up signal. Anyone earn money from this counter?
EPS of 0.65 is best since Qtr 1 2020. Given Qtr 1 2022 no lockdown etc., I has hoping EPS to be 0.8 for the quarter. Hopefully will see improvement once Thailand factory starts operations.
Hopeless Oceancash. Company buyback lol and operators add volume among themselves to create volume. Otherwise, this counter is dead like Topglove, Supermax, Careplus, Hartelega etc. These counters inclusive if Oceancash in 2000 were darling counters. But now are neglecting counters by operators & IBs
Owner collecting at chiput scale.. 10000, 20000 units at a time. Any ikan bilis can do that too. If want to support the prices collect one shot, 100k to 500k unit. Immediate clean out those ikan bilis seller la.....
That day waited and collected at 0.295. Now no need wait and can straight away buy at 0.28. Wonder how low will this go. Hopefully going forward profit will improve based on the following: 1) Ocean Freight Rates have drop significantly. This will positive for sales and profit of hygiene division. 2) Starting 3rd Quarter, renegotiated new increased pricing to current customers in the insulation division. 3) Insulation division new plant in Thailand to begin operations and should contribute positively to sales and profit of the insulation division.
With strong car sales, insulation division will do very well. Next year, Proton and Perodua sales expected to increase even more and set new records. Thailand plant started operations with good sales. 2023 results expected to be the best ever.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MaluNegaraKu
454 posts
Posted by MaluNegaraKu > 2022-03-04 18:52 | Report Abuse
On-cash become No-cash