Even Kossan n Harta quarterly profit not so good , still maintain their share prices; it looks like 60-70%-80% of the retail investors trust target prices of investment banks / research houses very much....:)
Not a fantastic quarter result but better than loss. Next Q should show a better result due high demands in non woven production and 2nd Q is heavily affected by mco in Malaysia and Indonesia.
Malaysian market is quite crazy...profit making counters sideway or not much increase(e.g. MMC), PN17 counter tripled in price (e.g. KTB)... This craziness means hope is still there even if performance far below expectation. Cheers..
It looks like the quite bad result being affected by its insulation segment n hygiene- non woven fabric segment should be about 40-45% of its revenue .... many manufacturers also only half capacity during April month ( MCO) ?
It looks like the quite bad result being affected by its insulation segment n hygiene- non woven fabric segment should be about 40-45% of its revenue .... many manufacturers also only half capacity during April month ( MCO) ?
Compared to another non woven producer TekSeng which has better fundamentals (way higher PAT) but share price for both is around the same. TekSeng will rise high!!
Tekseng(TS) Vs OcnCash r same price n movement up OcnCash r run faster, reality is TS earning r much better n I believe if continue increase the EPS ultimate real investor will be come in
Tek Seng was making losses in last year n Tek Seng started to show much better quarterly profit in latest quarter only , Tek Seng should have sold of / reduce exposure to one of the segments which making losses in last year, guess so ; for Oceancash, its insulation segment ( related to automotive industry) was badly hit during March to June , should be one of the main factor that latest quarterly profit can’t even reach RM1 mil ...
guys it is our markets sentiments not so good for the past few days....it will rebound back strongly ...look at Dow Jones ...very stable now till their election in November 2020!
big funds trying to push around with klci index in order to buy cheaper price...when index dropped a lot, investors panic sellers dump whereas big funds collecting happily ...I noticed it happening for the past few days
If average cost per share above RM1-1.10, mean bought at high level , wait for below 74-75 cents, to collect some to average down your cost per share... This company has fundamental n not only for speculative play ... It still producing non woven fabric more than any listed companies in Bursa...
"We believe the 2Q20 results will be sequentially weaker, considering the insulation segment had halted productions and the hygiene segment was operating at minimal capacity between April to Early-May 2020 to adhere with the Movement Control Order protocols. Moving past 1H20, OCP’s 2H20 prospects will likely improve."
Dont complacent yourself and others. Only if you are god POSITIVE GREEN. Be vigilant. At this pandemic times, if ocncash dont make profits, definitely hopeless. TAN SIEW CHIN & OTHERS DISPOSED THEIR SHARES THEIR SHARES FROM 10 JUNE 2029 TO 4 AUGUST 2020 AGGRESSIVELY. IF YOU BUY YOU GONNA HOLD FOR A LONG TIME.
KINGCOBRA, If we follow what Tan Siew Chin & other directors disposing shares the last one month, we are merely following the ocean tide. Follow the big bosses and we act safely. They buy we buy. Otherwise we loose to the big funds if we are against the ocean tide.
MichaelYeo, as you mentioned everyone has every right to their respective own opinion, then why do you want to be a hypocrite?
All forum has a rule not to ridicule one another.
Why do you simply accuse i am complacing myself and others? And trying to make me aware that i am not God?
This is very rude words that has no purpose except an expression telling a forummer that you are God and you are not giving the right to a specific person to give his own opinion.
You may disagree, and just keep it to yourself. Or, you may just share your facts and let everyone else know your opinion.
You don't have to ridicule others opinion and follow up with letting everyone knows you are a smartass.
If you want to talk about God, this is where God visits you and teach you a lesson very soon.
Michael, You are so smart then why aren't you managing the resort? Why condemn LKT action and tell everyone to sell their Genting shares? You know the real reason? You know a better solution? Are you God?
Posted by Michael Yeo > Aug 27, 2020 11:07 PM |
LKT bought empire resort was a bad deal. And with these latest bad news, still giving devidend? They hope dont sell and reward devident. Stupidity at its lowest level. Sell sell sell !!!!!!
NegativeGreen. You are so disappointed individual. Why buy so high of ocncash but its your solely own decision. You are angry at me for correcting you. Now you wish next quarter result to be good. Wish you good luck. But ocncash might tumble to 0.500 sen. Adios!!!
Everyone becareful la...if wan to invest in PPE Share. Dun stay at high. U easily get burn. Especially newbies. Don't lose ur hard earn money. It's too uncertain.
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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....
littlefish90
69 posts
Posted by littlefish90 > 2020-08-26 16:33 | Report Abuse
qr maybe out today?