DesTroYer91, this month, the QR will be out. char1234, i prefer to share price to go up bit by bit... haha, i think tis is a growth stock, so, maybe slowly it will still go up~
sure, ooihk899, basically OCNCASH is in 2 segments. The felts division -> aligned with the number of cars sold. They are supplying the felts to local made cars, Proton and Perodua cars. They have factories in Indonesia and Malaysia. They just set up their factory in Indonesia last year or this year, i cant really remember. The other division is felts division, whereby they are doing the cottons in the masks and also in the diapers. Mostly exported to Japan, whereby there are alot of aging people. And aging people using adult diapers. That is my view on why OCNCASH is a growing company.
Cheers, below are excerpt from quarter report, next quarter result will be better
Prospect for Year 2016 Barring unforeseen circumstances, the Directors anticipate the Group’s performance for the financial year 2016 to be better than the financial year 2015.
everything looks good just that the directors are a bit stingy with the dividend... they have plenty of cash (more than enough for Capex and dividend payout) but are only willing to pay peanuts for dividends...
really a hidden gem... added more today, in view of the bright growth driven by the felts and non-woven segments...demand for felts in the automotive and air-cond industries are on the increasing trend as Perodua and Proton both lauch new cars (especially Perodua Bezza)...
Non-woven is used as raw materials for diapers and women sanitary pads and it is a necessity regardless of economic situation, and the demand is backed by the increasing population..
how could we miss such a great stock...
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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....
Gainvestor
161 posts
Posted by Gainvestor > 2016-11-08 21:53 | Report Abuse
QR will be out in this month.