OCEANCASH PACIFIC BHD

KLSE (MYR): OCNCASH (0049)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

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

Cloudboy

456 posts

Posted by Cloudboy > 2020-01-30 12:29 | Report Abuse

Only 1% of the total revenue is for face mask...trade with care

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 13:25 | Report Abuse

The world isn't evolved around mask.

Business is everywhere. Lady every month need sanitary pads.. babies need diapers everyday!

Masks for now have to accept only supply material.

Who knows they open up a branch to make masks?!

40mils exchanged hands and buyers and sellers absorbed WELL.

JUST WAITLAH

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 13:32 | Report Abuse

Don't believe those Bankers target price. They tembak for u to get high and excited.

Be patient . Have faith!

yeoqian

33 posts

Posted by yeoqian > 2020-01-30 13:39 | Report Abuse

Not sure why the selling.. It has no volumes for the past few months until recently. A rm100k was enough to move the price up easily by 5% at least then.

Guess those who bought at the high would have already cut their holding by now.

Although in cimb's report, it was mentioned that the mask contribution to its revenue is only 1pc which is negligible (on what basis? Internal info? ). They also did not point out on other non woven healthcare contributions to the group; which is ~ 60pc.

Lastly, from technical aspects
- the price gap on 28jan was almost covered, buying interests emerged near the low earlier
- the weighted average price from 28jan till today is at about 68c. It might not mean anything to many, but some ppl will use it to gauge where the approximate cost of most players is.
- the bullish macd and rsi took weeks to form, not sure why they want to ruin it so soon but if that is not the intention a hammer candle should form later(see weekly chart)


P/s: there were calls to not to chase high and sell.. So, please do ur own due diligence.

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 13:57 | Report Abuse

ocncash been sleeping for a near 2 years.
True.

Ocncash was running on par with KRONO BEFORE. ( 78 c was garnered alot of buyers at that time )
True.

Ocncash dived to 42 c and only to start gaining momentum last month.
True.

Ocncash only goreng.
False.

Something is brewing.
True!

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 14:06 | Report Abuse

Sometimes price will subside based on banker target price. Most of time, don't.

Corona injected some stim on Tues.

Overall market sentiment still pessimist.

If have apportunity buy at RSI below 30.

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 14:29 | Report Abuse

moneyfind Not sure cimb only give report on ocncash...how bout carepls?Mtag?TopGlove?all price spike..why no report?funny la
30/01/2020 2:19 PM

Your stocks are mostly call from TELEGRAM

necro

4,726 posts

Posted by necro > 2020-01-30 15:00 | Report Abuse

yes...dapat rembat RM0.57...support RM0.55...
TARGET RM1 short to mid term

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 15:04 | Report Abuse

Yes RM1!!!!

chesslim

890 posts

Posted by chesslim > 2020-01-30 15:07 | Report Abuse

Daily8 , you are right .

Secret

875 posts

Posted by Secret > 2020-01-30 15:10 | Report Abuse

Let go 0.65!

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 15:14 | Report Abuse

Jangan putus asa. Fund should be buying now!

chesslim

890 posts

Posted by chesslim > 2020-01-30 16:18 | Report Abuse

Ocncash second wave coming soon !!

chesslim

890 posts

Posted by chesslim > 2020-01-30 16:19 | Report Abuse

Return of Jedi.

pang72

49,397 posts

Posted by pang72 > 2020-01-30 17:01 | Report Abuse

Wave 2 mari tomorrow..

Stay tight tight!!

Haha!

pang72

49,397 posts

Posted by pang72 > 2020-01-30 17:01 | Report Abuse

This company is real cash kau kau..
I will not know this Gem without pandemic!!

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 19:30 | Report Abuse

Pang72, the price hiked that day was “ advertisement “ for you to find this gem. Haha

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 19:34 | Report Abuse

OCNCASH

UPPER LIMIT: 92 c

52w high : 82 c

52w low: 39.5

Posted by Michael Yeo > 2020-01-30 20:03 | Report Abuse

Hmmm... who was in this forum when the price was about 0.400 sen. Not many. The price was a laggards and a disappointment. Now I am glad this forum is active again. Anyway, happy 1st year anniversary klse mainboard to Oceancash. I shall post news and moves in the makings soon.

Kevin Tam

525 posts

Posted by Kevin Tam > 2020-01-30 20:08 | Report Abuse

Don’t need to be panic , Oceancash is only up 50%( if 60-64 cents) from December average price of 42-43 cents n the Wuhan coronavirus still far from its peak n being solved ... The point need to be discussed should be how many percentage of Oceancash revenue from mask n material for masks n target price should be higher than 60-65 cents for this serious outbreak....

gsi723

903 posts

Posted by gsi723 > 2020-01-30 20:12 | Report Abuse

mask definitely in higher demand than gloves.... but the question is wheteher those 'mask' related player in Bursa really dominate the market at reasonable profit margin?

pang72

49,397 posts

Posted by pang72 > 2020-01-30 20:12 | Report Abuse

Msia, Philippines and Hong Kong face mask out of stock

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 20:27 | Report Abuse

Something for you all ocncash interested buyers to think.

1. MERS OUTBREAK in MIDDLE EAST in year 2019- ocncash no move
Death rate :858

2. CORONAVIRUS in Wuhan in year 2020 - ocncash move
Death rate : 170 up-to date

Both is coronavirus.

Daily8

3,858 posts

Posted by Daily8 > 2020-01-30 20:29 | Report Abuse

It’s time to put the mask making with what is more promising in this ocncash.

James Ng

2,690 posts

Posted by James Ng > 2020-01-30 21:22 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-01-30-story-h1482987910.jsp
[转贴] [Facebook live video:浅谈Oceancash pacific bhd (Ocncash)] - James的股票投资James Share Investing

pang72

49,397 posts

Posted by pang72 > 2020-01-30 21:59 | Report Abuse

Thanks James simple conclusion.
The demand is increased for key customer with relocating hub to Malaysia.

Secret

875 posts

Posted by Secret > 2020-01-30 21:59 | Report Abuse

Anyone here bought 80c ?

pang72

49,397 posts

Posted by pang72 > 2020-01-30 22:00 | Report Abuse

New factory for automotive mass pro 2H2020..

Oceancash is growing fast!

Posted by Michael Yeo > 2020-01-30 22:22 | Report Abuse

Huat-ah

Posted by Michael Yeo > 2020-01-30 22:23 | Report Abuse

So many good news. Ocncash will rebound strongly tomorrow.

pang72

49,397 posts

Posted by pang72 > 2020-01-30 22:27 | Report Abuse

The demand for hygiene material and automative felt are both increasing..

Why?
1.new factory in Thailand
2. Pandemic virus and capacity increase!

pang72

49,397 posts

Posted by pang72 > 2020-01-30 22:28 | Report Abuse

Strong balance sheet for potential bonus issue

pang72

49,397 posts

Posted by pang72 > 2020-01-30 22:32 | Report Abuse

OCNCASH FONG SILING 1,400,000 14 2016

COLDEYE BOUGHT BEFORE YEAR 2016.
I AM FULLY UNDERSTAND WHY HE PICKED THIS STOCK!!

Posted by yeohuangjin > 2020-01-30 22:59 | Report Abuse

But why coldeye sold all his stocks after that?

Endgame

731 posts

Posted by Endgame > 2020-01-30 23:11 | Report Abuse

Dare to enter or good time to go in for round 2(if any)

pang72

49,397 posts

Posted by pang72 > 2020-01-31 00:04 | Report Abuse

"From what I have heard, the mask shortage is much, much more severe than what the public knows," said Cao Jun, general manager of mask manufacturer Lanhine, which has a factory in east China's Ningbo city.

"Almost all hospital workers nationwide are facing a huge shortage of masks, not just in Wuhan. That's very terrible."

Cao said the firm's clients are demanding a combined 200 million masks per day compared to its normal production rate of 400,000 a day.

"At the moment, we have 20-plus people in the factory, working 24 hours. We're offering them quadruple their wages per day," Cao told Reuters. "We aim to ramp up output on Jan. 27 and be at full capacity on Feb. 1, when we’d have nearly 200 workers."

Another manufacturer, CMmask, in eastern China's Jiande city, told Reuters it was offering workers triple their wages if they came back.

"Our factory is out of stock now, but we have extended our working hours by four hours to 8 a.m. to 9 p.m," said Hu Qinghui, CMmask's deputy general manager.

pang72

49,397 posts

Posted by pang72 > 2020-01-31 00:05 | Report Abuse

Xinlong Holding, a manufacturer of filters and fabrics for masks, said some of its factories had "abandoned the Spring Festival holiday."

pang72

49,397 posts

Posted by pang72 > 2020-01-31 00:06 | Report Abuse

from mask to fabric - all production ramp up multiple x...

pang72

49,397 posts

Posted by pang72 > 2020-01-31 00:06 | Report Abuse

severe shortage of mask!!

pang72

49,397 posts

Posted by pang72 > 2020-01-31 00:48 | Report Abuse

https://www.sinchew.com.my/pad/con/content_2208796.html
300人药行外排队买口罩· 500盒1小时半卖完

Oceancash 80c tomorrow!!

pang72

49,397 posts

Posted by pang72 > 2020-01-31 07:09 | Report Abuse

此外,我国也将同机运送1000万对手套至中国予中方医务人员以表支持。我国无法送出口罩,因为口罩在国内已经供不应求

pang72

49,397 posts

Posted by pang72 > 2020-01-31 07:10 | Report Abuse

Mask no stock in Malaysia..

pang72

49,397 posts

Posted by pang72 > 2020-01-31 08:22 | Report Abuse

ONW
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.

pang72

49,397 posts

Posted by pang72 > 2020-01-31 08:23 | Report Abuse

They are supplying to China Market for spooled roll non woven cloth..

hornbill

822 posts

Posted by hornbill > 2020-01-31 08:34 | Report Abuse

strike out all speculator share price will continue uptrend.

Daily8

3,858 posts

Posted by Daily8 > 2020-01-31 09:01 | Report Abuse

Since year 2000, the worldwide been exposed to flu-like pandemic. It all started from animals & transmitted to human

Government need to come out with new strategies to overcome
1. shortage of masks
2. more alcohol sanitary available in public and hospitals
3. provide long term mask and gloves to public so that everyone can apply it during pandemic outbreak.
4. Education on public health in schools and workplace.
5. what to eat and what not to eat food

Condom can provide but how come mask and gloves no provide for free?

Daily8

3,858 posts

Posted by Daily8 > 2020-01-31 09:05 | Report Abuse

China people need to stop eating exotic animals. Please come out with the new regulations and impose huge penalty for illegal hunting and EATING of these animals!

Daily8

3,858 posts

Post a Comment
Market Buzz