With these sorts of market sentiments I doubt Ocncash can trend further unless announcing the DATE of transferring to main board....just awaiting for corrections for accumulations,folks!!!!!!!!!!
Type Announcement Subject OTHERS Description OCEANCASH PACIFIC BERHAD ("OCEANCASH" OR "COMPANY") TRANSFER OF THE LISTING OF AND QUOTATION FOR THE ENTIRE ISSUED SHARES OF OCEANCASH FROM THE ACE MARKET TO THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("TRANSFER") We refer to the announcements dated 7 December 2017, 28 May 2018, 5 October 2018, 10 October 2018 and 11 October 2018 in relation to the Transfer (“Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.
On behalf of the Board of Directors of Oceancash, Affin Hwang IB wishes to announce that Bursa Securities has approved the Transfer, under the Consumer Products & Services sector via its letter dated 16 October 2018.
The Transfer will take effect immediately 2 market days upon the announcement to Bursa Securities on the transfer date via Bursa LINK.
INTA AND OCNCASH CONFIRMED TRANSFER OF LISTING INTO MAINBOARD BUT 0192 INTRA HAD ALREADY ANNOUNCED TRANSFERING ON 25 OCT AS EARLIER ANNOUNCED ON 22 OCT WHEREAS OCNCASH, I GUESS SHOULD BE ANNOUNCING PRETTY SOON....FOR WHAT I HAVE SEEN THE VOLUME FOR OCNCASH......VERY VERY DISAPPOINTING, DON'T U AGREE DAILY8????
Kingcobra, I guess everyone is extremely disappointed looking how OCNcash doesn't garnered any audience. Who will watch a show which is not interesting, right?
I feel this stock is a long term one. Moreover, the volumes are so little that nobody is buying nor selling. Maybe many keeping for their cucu-cicit.
Low volume because this share is very tightly controlled. Top 30 shareholders hold 77.65% with the major shareholder and his wife owning almost 60% of the shares. Am sure some in the top 30 are also relatives of theirs.
Absolutely more liquidity. It will have more participation from its counterparts and customers from Indonesia, Thailand & Japan. Subsequently foreign funds can invest in Oceancash when it is listed in mainboard. Time will reward the deserving investors handsomely. Good luck !
Huat1, to each of its own....normally transferring to mainboards, it will definite shoots up BUT with these sorts of world markets conditions....well your guess might be as good as mine! For mid to long terms I suggest why not u buy some ? ADVISABLE NOT FOR CONTRA INVESTORS, MIND U!!! Well lets see what's in store for us on 26 Oct 2018....with regards to all and thanks!
I think so too. Departure of foreign funds cause market to go down. Market down trigger margin call/forced selling. Margin call, people no money, no buy car/aircond & buy cheaper diaper. Future results will take a hit. Better stay on sidelines for now, until sentiment improves.
Luckily market sentiment improve a little towards the end of the day. OCNCASH transfer to the main board tomorrow. Rightfully it should be in green as a good START, got to make it auspicious beginning. Buy some tomorrow to support
This share caught attention only after the two value investors bought it. The icap guy's has patience beyond your believe. The cold eye guy's latest picks have masuk longkang. If they thought ocncash was so good at higher price then, why don't they buy more now ?
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....
Daily8
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Posted by Daily8 > 2018-10-08 01:48 | Report Abuse
I think some people doesn't know the pros of ace market stock going into main market.