OCEANCASH PACIFIC BHD

KLSE (MYR): OCNCASH (0049)

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Last Price

0.385

Today's Change

-0.01 (2.53%)

Day's Change

0.385 - 0.385

Trading Volume

64,000


11 people like this.

5,309 comment(s). Last comment by Michael Kwok 4 weeks ago

hornbill

822 posts

Posted by hornbill > 2019-11-05 09:35 | Report Abuse

start to have some signal.

koowakzai

251 posts

Posted by koowakzai > 2019-11-05 10:28 | Report Abuse

Volume picking up. 10 time from past average. Good sign of rebound

kingcobra

2,772 posts

Posted by kingcobra > 2019-11-05 12:05 | Report Abuse

am afraid one day show only!

hornbill

822 posts

Posted by hornbill > 2019-11-05 12:24 | Report Abuse

Proton start produce X70 in Tg Malim plant.

balvin71

1,153 posts

Posted by balvin71 > 2019-11-07 20:01 | Report Abuse

Agree with Hornbill. X70 CKD will.be launched in Jan 2020. Proton vendors will start supplying now. Qtr 3 results will be good and Qtr 4 will be even better. Looking forward to 2020, X50 production will start in Qtr 2 for Qtr launch. Next 9 months looks good for the felt division. Hope.the hygiene will be doing better with the new customers. Awaiting for the next Qtr results and notes.

kingcobra

2,772 posts

Posted by kingcobra > 2019-11-15 12:32 | Report Abuse

slowly but for sure it will back to where it belong on 4th Nov 2019!

Posted by techlee229 > 2019-11-19 10:20 | Report Abuse

Potential strong recovery for Oceancash in 2019

koowakzai

251 posts

Posted by koowakzai > 2019-11-19 10:38 | Report Abuse

Fund manager are accumulating

hornbill

822 posts

Posted by hornbill > 2019-11-19 10:44 | Report Abuse

when Q3 result will be announce?

Tete7893

228 posts

Posted by Tete7893 > 2019-11-19 12:09 | Report Abuse

pukima. last month i watch 0.395 want to buy but no volume. these two week volume come in. really pukimak. o0o

chesslim

890 posts

Posted by chesslim > 2019-11-19 12:09 | Report Abuse

Q3 result b4 Nov.29.2019 announce.

chesslim

890 posts

Posted by chesslim > 2019-11-19 12:11 | Report Abuse

hv two weeks can goreng gap up again.

chesslim

890 posts

Posted by chesslim > 2019-11-19 16:27 | Report Abuse

Refer to last year PBB Investment Report : Ocncash TP 0.81

balvin71

1,153 posts

Posted by balvin71 > 2019-11-19 23:12 | Report Abuse

If last year report was before 1 for 10 bonus. Have to discount the TP a bit.

Lychien20

271 posts

Posted by Lychien20 > 2019-11-25 09:31 | Report Abuse

vroooommmmm....QR coming out soon

Lychien20

271 posts

Posted by Lychien20 > 2019-11-27 19:29 | Report Abuse

QR report out, tomorrow can fly?

Underhand

653 posts

Posted by Underhand > 2019-12-03 07:18 | Report Abuse

Terrible stock!

Lychien20

271 posts

Posted by Lychien20 > 2019-12-03 08:51 | Report Abuse

horrible

Underhand

653 posts

Posted by Underhand > 2019-12-05 07:59 | Report Abuse

Anyone? Update news on this hopeless counter

balvin71

1,153 posts

Posted by balvin71 > 2019-12-10 08:16 | Report Abuse

X70 CKD launch has been postponed. Originally was suppose to launch in Sept '19, than postponed to Nov '19, than read coming out in Dec '19, now hearing coming out after CNY. Hope the X50 is not delayed like the CKD X70.

Lychien20

271 posts

Posted by Lychien20 > 2019-12-13 23:40 | Report Abuse

good news for OCN?

Posted by Michael Yeo > 2019-12-15 11:10 | Report Abuse

Excellent news. These insulation sector, coupled with hygiene manufacturing & investment holdings wii further reckon solidarity & ennormously contribute significantlty to OCN.

hornbill

822 posts

Posted by hornbill > 2019-12-16 14:54 | Report Abuse

forgot this year ..next year counter to watch.

chesslim

890 posts

Posted by chesslim > 2019-12-25 22:37 | Report Abuse

2020 的翻倍股。

Posted by Michael Yeo > 2019-12-26 16:38 | Report Abuse

1st anniversary at mainboard soon

Underhand

653 posts

Posted by Underhand > 2020-01-10 08:00 | Report Abuse

One of the worst counters

Underhand

653 posts

Posted by Underhand > 2020-01-13 06:59 | Report Abuse

Cash sunk in the ocean like Mh370 waiting to be found.

Posted by Michael Yeo > 2020-01-13 23:01 | Report Abuse

Oceancash - Seas the Opportunity
Author: kltrader | Publish date: Fri, 3 Jan 2020, 9:36 AM

We remain positive on Oceancash’s (OCP) business outlook after our recent meeting with management. We continue to like OCP, considering the i) favourable growth prospects in the hygiene’s nonwoven segment, ii) steady contribution of foreign felt sales from Thailand and Indonesia, as well as iii) strong management team with in-depth technical know-how. At 10x 2020E PER on the back of a projected EPS growth of 33% for 2020E, OCP’s valuation looks appealing. We reiterate our BUY call with an unchanged price target of RM0.61. This note marks a transfer of coverage.
Foreign Felt Sales to Drive Insulation Segment Growth
Profitability of the insulation segment was flat in 9M19 despite higher felt sales (+6% yoy) as this was largely offset by weaker PBT margins (-1ppt to 18.7%, exacerbated by adverse forex movement in 1H19). Prospects wise, we believe the increasing contribution from Thailand and Indonesia

(foreign felt sales accounted for c. 61% of 9M19 insulation revenue) should be more than sufficient to cover for the expected shortfall in local felt sales (est. 2020 TIV forecasts lower by 1% to 590k units).

Insulation Felt Plant in Thailand Should be Ready for Action by 2H20
Elsewhere, construction of the felt production facility in Thailand remains on track to be completed by 2H20, and OCP is planning to relocate one of its two existing Malaysian production lines to tap into 1) the strong demand for resinated felt and 2) increase utilisation of excess capacity (current utilisation rates: est.50%). Locally, we understand OCP has been supplying felt to Proton refreshed models (ie. Saga, Iriz and Persona), and with this track record, the company is hopeful to participate in the Proton Complete Knocked-Down (CKD) X50 supply chain moving forward. We think OCP may give the CKD X70 contract a miss due to unfavourable pricing, similar to our observation of other auto-parts players.

Hygiene Segment’s Margins to Benefit From Cheaper Resin Cost, …
Outlook for the hygiene segment still looks promising - 9M19 PBT rose by 10% yoy to RM2.5m, on higher revenue (+1% yoy) and improvement in PBT margins (+0.5ppt to 6.1%). We believe the cheaper resin cost (est. 80% of hygiene’s raw material costs) will likely see an uptick in hygiene’s margins in the coming quarters.

Source: Affin Hwang Research - 3 Jan 2020

yesyesyes

727 posts

Posted by yesyesyes > 2020-01-22 09:32 | Report Abuse

why no ppl cover this good stock ? or everyone keep buying now ...

monetary

4,447 posts

Posted by monetary > 2020-01-22 14:35 | Report Abuse

pe 20. not cheap.

hornbill

822 posts

Posted by hornbill > 2020-01-22 16:44 | Report Abuse

Proton will launch two new SUV model this year.

Underhand

653 posts

Posted by Underhand > 2020-01-22 19:19 | Report Abuse

Nonperforming stock, lousy since moving to main board.

hornbill

822 posts

Posted by hornbill > 2020-01-24 13:00 | Report Abuse

Wuhan virus outbreaks will boost its hygiene products sales.

Posted by Michael Yeo > 2020-01-24 17:33 | Report Abuse

Dear underhand, it was not a underperforming stock, ocncash was under consolidation. Ocncash will always be a darling superd stock. Happy first (1st) anniversary year to the mainboard.

Posted by Michael Yeo > 2020-01-24 23:42 | Report Abuse

Oceancash Pacific Berhad, together with its subsidiaries, is engaged in the manufacture and trading of non-woven products and thermobond felts for thermal and acoustic applications in Malaysia. Its products are used in various applications, including the interior and exterior trims of automobiles, and noise damper for the compressors and outdoor units of split unit air-conditioners, as well as insulation in buildings including roofs, ceilings, walls, partitions, and floors as carpet underlay. The company is also engaged in the manufacture and distribution of thermobond and airthrough nonwoven cloth and polyethylene film for hygiene applications, which include top and back sheet of diapers and sanitary napkins, and wet wipes, as well as surgical apparel, such as caps, masks, and gowns. In addition, it produces laminates of nonwoven and PE films for various applications. Oceancash Pacific Berhad is headquartered in Bandar Baru Bangi, Malaysia.

Posted by Michael Yeo > 2020-01-24 23:51 | Report Abuse

Oceacash involves in wide ranges of hygiene manufacturing of diapers, sanitary napkins, wet wipes, surgical apparel, caps, masks and gowns. It will significantly boosts it sales due to the widespread of coronavirus.

erkongseng

3,192 posts

Posted by erkongseng > 2020-01-25 14:04 | Report Abuse

Buy when the trading volume has not increased before the potential unexploded charge.
Ocncash technical reviews:
Macd has opened up, and the trend of double bulls. Whether the Wuhan epidemic has lifted masks on demand, the increase in domestic car sales has also increased the supply of automotive felts. After 52 weeks of Rm0.525, the next bearing capacity is 61 cents. 71 cents, 76 cents

yeoqian

33 posts

Posted by yeoqian > 2020-01-26 11:36 | Report Abuse

The sales lift from proton ckd aside. At pe 20.4x, it is relatively still cheap as compared to the healthcare proxies ie gloves companies which are currently trading above pe 30x to 50x. Which could face hurdles for on upside.

With the epidemic of wuhan corona virus outbreak which is getting rampant as many more are being infected and casualties numbers are rising. This should bode well for ocncash hygiene products segment. The company should see its China's contributions starting to contribute to its top line soon due to the sudden surge of demand in medical and surgical equipments.

As quoted in latest AR 2018 on its prospects

""
Despite the drop in financial performance in 2018, ONW’s prospect in 2019 looks promising as the new investments
to enhance its capabilities started to bear fruits. We have started supplying perforated nonwoven cloth to a local
customer. Furthermore, our spooled roll nonwoven cloth is in the trial run process in China. Spooled roll nonwoven
cloth is the trend for the local, China and India hygiene market. Meanwhile, we have secured a customer in Eastern
Europe and are in the process of developing additional new nonwoven cloth for them. With the enhanced capabilities
in place, ONW is in a position to meet the demands and new trend in nonwoven cloth.
We foresee hygiene division sales to pick up in the second half of 2019. "" "



I leave to the crowds here to determine and think about its future prospects.

Posted by yeohthaithai > 2020-01-26 15:12 | Report Abuse

Fast Spreading .Let us join our hearts and Pray for All. Take care. god Bless

Posted by yeohuangjin > 2020-01-26 16:44 | Report Abuse

https://www.chinapress.com.my/?p=1884838

Face mask is running out of stock everywhere.

erkongseng

3,192 posts

Posted by erkongseng > 2020-01-26 17:27 | Report Abuse

强力買入!0049 ocncash Rm0.52

OCNCASH 的业务主要分为两种
1)卫生用品(婴孩尿片,手术室用口罩和帽子,湿纸巾等)

2)车用毛毡(用来隔音与隔热)

根据最新的季度报告,卫生用品的营业额大约占了公司总营业额的60%以上,由于resin 占了公司卫生用品的成本大约80%,所以近期的resin价格下滑料将使公司卫生用品部门的赚幅提升。此外,公司的主要客户是亚洲其中一家最大的卫生用品生产公司,所以如果武汉流感真的蔓延,估计该公司的订单也有望增加。

hornbill

822 posts

Posted by hornbill > 2020-01-26 18:24 | Report Abuse

Rat year super Star

necro

4,726 posts

Posted by necro > 2020-01-27 18:48 | Report Abuse

Vroom... Get ready guys

Daily8

3,858 posts

Posted by Daily8 > 2020-01-28 09:10 | Report Abuse

Keep adding oh. Heard will be 1.00

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