OCEANCASH PACIFIC BHD

KLSE (MYR): OCNCASH (0049)

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Last Price

0.30

Today's Change

+0.01 (3.45%)

Day's Change

0.295 - 0.30

Trading Volume

54,500


11 people like this.

5,303 comment(s). Last comment by balvin71 1 day ago

Posted by MaluNegaraKu > 2022-04-08 12:05 | Report Abuse

Endemic already - Ocncash still no body switch it ON

balvin71

1,152 posts

Posted by balvin71 > 2022-04-23 11:33 | Report Abuse

We get together and switch on. :)

Posted by MaluNegaraKu > 2022-04-28 16:05 | Report Abuse

Do seem will on anytime.... Continue OFF

balvin71

1,152 posts

Posted by balvin71 > 2022-05-05 22:23 | Report Abuse

Manage to add a bit more at 0.345

Posted by MaluNegaraKu > 2022-05-19 10:24 | Report Abuse

New Low
A never ON share - Continue Drop when market is good or bad

balvin71

1,152 posts

Posted by balvin71 > 2022-05-27 19:28 | Report Abuse

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.

balvin71

1,152 posts

Posted by balvin71 > 2022-06-01 09:56 | Report Abuse

Last few days added a bit more between 0.33~0.34. Based on information available, we will see 2nd half 2022 perform much better.

Posted by Michael Yeo > 2022-06-12 23:33 | Report Abuse

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

Posted by MaluNegaraKu > 2022-06-22 16:34 | Report Abuse

Alamak . can drop so teruk this oncash

Posted by MaluNegaraKu > 2022-07-05 22:07 | Report Abuse

Below 10 cent soon

balvin71

1,152 posts

Posted by balvin71 > 2022-07-11 12:38 | Report Abuse

Stock is under valued. Buy, keep and forget about it. Next year this time, sure will up 20~30% from current levels.

Posted by MaluNegaraKu > 2022-07-12 10:44 | Report Abuse

Whole Malaysia market is under value . Choose wisely

Posted by MaluNegaraKu > 2022-08-01 16:39 | Report Abuse

Seem like this share is no value than undervalue

M55555

936 posts

Posted by M55555 > 2022-08-17 16:32 | Report Abuse

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.....

Posted by MaluNegaraKu > 2022-08-18 11:43 | Report Abuse

Owner is trying to scam people to buy in. Maybe below 0.2 can buy this share

M55555

936 posts

Posted by M55555 > 2022-08-21 22:35 | Report Abuse

0.2 boleh ka. if reach 0.2 , i max masuk . Base on consistent Div payout it will be like 5% yearly with potential value up.

Posted by MaluNegaraKu > 2022-08-22 10:22 | Report Abuse

I sell house beli if below 0.2 and keep till retirement

kangcs

640 posts

Posted by kangcs > 2022-08-23 08:35 | Report Abuse

sabar...

balvin71

1,152 posts

Posted by balvin71 > 2022-08-23 21:15 | Report Abuse

Net Profit only 493k for the latest quarter. EPS 0.19 cents. Very dissappointed.

Posted by MaluNegaraKu > 2022-09-09 11:12 | Report Abuse

Below 0.3 finally! Sure oncash can below 0.2 soon

lcteh88

90 posts

Posted by lcteh88 > 2022-09-25 23:23 | Report Abuse

I

Abandon the ship and run If it is below 0.2 . Do not grab until to you are fully drowned.

Posted by MaluNegaraKu > 2022-09-27 18:15 | Report Abuse

One way ticket ship - just like titanic

balvin71

1,152 posts

Posted by balvin71 > 2022-10-15 17:32 | Report Abuse

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.

M55555

936 posts

Posted by M55555 > 2022-11-03 11:13 | Report Abuse

Wah today open 0.295 ,then shoot up 0.34 . 30 mins later back to 0.30.. Apalah. Macam silap press button order je. Setting Jual jadi belikah ?

M55555

936 posts

Posted by M55555 > 2022-11-30 12:23 | Report Abuse

bagus , consistent DIV on time

Lance

65 posts

Posted by Lance > 2022-11-30 23:48 | Report Abuse

Get to know its customers are tier 1 vendors for many reputable cars and Japan diaper manufacturers. Fundamental is there.

balvin71

1,152 posts

Posted by balvin71 > 2023-01-09 17:04 | Report Abuse

https://protonsetapak.blogspot.com/2023/01/proton-sold-142432-units-in-2022-136026.html

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.

M55555

936 posts

Posted by M55555 > 2023-01-30 11:50 | Report Abuse

sudah bangun

M55555

936 posts

Posted by M55555 > 2023-03-02 10:34 | Report Abuse

Collect dividend 0.01 setahun. Kena quarantine on this luxury condo for another few more years.

M55555

936 posts

Posted by M55555 > 2023-04-03 16:39 | Report Abuse

Still sleeping

balvin71

1,152 posts

Posted by balvin71 > 2023-04-26 21:03 | Report Abuse

Going back below 0.30?

balvin71

1,152 posts

Posted by balvin71 > 2023-07-30 21:57 | Report Abuse

Sudah U-Turn....back to 0.40?......Orang goreng ka?

balvin71

1,152 posts

Posted by balvin71 > 2023-08-28 20:43 | Report Abuse

Disappointing Q2 2023 results.
Compared to Q1 2023:
Insulation division recorded lower revenue (about 20%) and lower profit (about 21%).
Hygiene reported a slight increase in sales (about 2%) but a much bigger loss (almost 300%).

As for prospects: Directors anticipate performance to maintain at current levels for the rest of 2023.

M55555

936 posts

Posted by M55555 > 2023-08-28 23:54 | Report Abuse

0.20 coming?

balvin71

1,152 posts

Posted by balvin71 > 2023-09-11 22:51 | Report Abuse

https://theedgemalaysia.com/node/682025

Doesn't look good for manufacturers

M55555

936 posts

Posted by M55555 > 2023-09-15 16:40 | Report Abuse

it is about time to collect some . Hope same DIV will be release this year like previous year.

balvin71

1,152 posts

Posted by balvin71 > 2023-09-19 10:44 | Report Abuse

I think OCNCASH will turn around in 2024. Catalyst includes spunlace sales, Indonesia insulation plant start making new products and Thailand insulation plant ramp up production. Agree with you, can start collecting at current levels. Must have holding power. Not much downside, look for decent returns in 2024.

balvin71

1,152 posts

Posted by balvin71 > 2023-10-24 17:12 | Report Abuse

I anticipate Qtr 3 2023 results to be bad. Being drag down by the hygiene non-woven division and increase in overall cost due to depreciation of the Ringgit with higher labor and electricity cost. 2023 dividend might be lower than 2022.

M55555

936 posts

Posted by M55555 > 2023-10-24 17:23 | Report Abuse

Sudah collect simpan saja la.. 3 kupang saja pun

balvin71

1,152 posts

Posted by balvin71 > 2023-11-23 14:24 | Report Abuse

https://theedgemalaysia.com/node/689902

Doesn't look good for felt division.

balvin71

1,152 posts

Posted by balvin71 > 2023-11-27 17:36 | Report Abuse

Dividend only RM0.005, lowest since 2013 (lowest in the last 10 years). Foresee Quarter 4 2023 performance will be about the same. Guess, we have to wait till 2024 to see improvement. Will only add if stock price goes below RM0.30....probably below RM0.27.

Stead

162 posts

Posted by Stead > 2023-12-03 15:04 | Report Abuse

why are the reason for the hygiene division to record substantially lower revenue?

balvin71

1,152 posts

Posted by balvin71 > 2023-12-04 12:46 | Report Abuse

Per quarterly Report:
The reduction in sales in hygiene division was due to weakening of
Japanese Yen against US Dollar had made our export sales price to Japan less competitive.

Stead

162 posts

Posted by Stead > 2023-12-05 16:02 | Report Abuse

Ringgit is the second weakest asian currency after JPY… if Japan did not import from Malaysia to take advantage of the currency, meaning Japan is procuring the raw material from their home turf? Doesnt make sense

flatso

63 posts

Posted by flatso > 2023-12-21 09:22 | Report Abuse

It will keep heading north. TP 0.6x

Michael Kwok

6,045 posts

Posted by Michael Kwok > 2024-01-06 02:27 | Report Abuse

Oceancash 32 cents
Tp 40 cents range or maybe more.
6/1/23 2.27am

balvin71

1,152 posts

Posted by balvin71 > 2024-01-11 11:19 | Report Abuse

Using a PE ratio of 20 to project TP.
For the stock to go to RM0.40 would need to generate an annual profit of about RM5.2 million or quarterly profit of RM1.3 million.
For TP of RM0.60 annual profit would need to be at RM7.8 million or almost RM2 million per quarter.

I don't see this happening in the near future. For the first 9 months of 2023, total profit was RM2.1 million or average per quarter of RM711k. The quarterly profit would need to almost double for it to justify TP of RM0.40 or increase by 275% for TP of RM0.60.

This is only my opinion. Please do own analysis.

balvin71

1,152 posts

Posted by balvin71 > 1 month ago | Report Abuse

Does anyone have any info on the new non-woven needle punch machinery that has been installed at the factory recently? Info like capacity, potential revenue and profitability of this type of product.

balvin71

1,152 posts

Posted by balvin71 > 1 month ago | Report Abuse

Disappointing Qtr 4 2023 results. Management predicting 2024 will be another challenging year.

balvin71

1,152 posts

Posted by balvin71 > 1 day ago | Report Abuse

https://theedgemalaysia.com/node/707557

Hope this will increase sales in Indonesian.

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