Prospect for Year 2017 Barring unforeseen circumstances, the Directors anticipate the Group s performance for the financial year 2017 to be better than the financial year 2016.
deadchicken, how many ppl will read this? Sure they will sell like no tomorrow. I think actual profit is more because of the below( I just copy from the report ):
Nonwoven recorded a reduction in net profit mainly due to provision for deferred tax on foreign exchange and increase in operational cost in preparation of anticipated additional sales.
hi, ooihk899. I had waited for the boss to mention about the transfer to MainBoard but it didnt happen. The yoy will still b better, qoq, will need to see. The price is a bit expensive, with the support now at 0.73. Now no matter what result is announced, the share price will retrace. So after May, i foresee the share price to go normal. A lot of profit taking activities had been happening. For non-woven, the sales is steady. If you had gone through CIMB analyst report, they are actually aiming at the felts division and also the car sales. Hence, the car sales will be the catalyst. If we see no growth in the car sales, it will be time for us to bid OCNCASH goodbye. This company is yet to be a dividend stock, its still growing subject to the felts division.
i did post about OCNCASH in my FB page. But i do see some gold in the quarter report =P. Need to further check. Wait for my detailed analysis in my blog post. Thank you^^
if ppl are comparing Q4 2016 with Q1 2017, that is definitely unfair.. comparing Q1 2016 & Q1 2017, I see a 73% increase in net profit... so I am not sure why ppl are selling like there is no tomorrow... haha... i am still holding tight to it as I dont see any deterioration in the fundamentals...in fact, like what the management had revealed.. 2017 results should be better than 2016 so that is improvement in fundamentals...
This is a growing giant......it currently controls 60% of the felt insulation market for the local automobile industry. It is also expanding its capacity.Proton-Geely partnership will be highly beneficial to its future growth as well.
My analysis has a probability of 80% accuracy, but it depends on the extent of inflow funds into this stock tomorrow. If the inflow funds are stronger tomorrow, meaning there are more big players buying in, then we can expect the share price to be higher. Let's see tomorrow whether the rebound is sustainable and if so, tomorrow will be the buy point. After buy point is confirmed, the stock will start to trend higher.
Today is confirmed buy point with continuous inflow funds with lots of bankers, although not as strong as yesterday. Price may start move north from tomorrow onwards. Hold on to your horses!
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....
deadchicken
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Posted by deadchicken > 2017-05-26 15:45 | Report Abuse
This counter got big shark...need to clear out those short term players then only can go further.