i still believe there might be another rally if covid 19 lose control,as ocncash have extra 25% capacity to cater rising demand from mask manufacturer.
Ocncash commented that price of non woven fabric rose 1,100%. However, this does not mean the increased will reflect more profit for ocncash; as it needs to purchase RAW MATERIALS at higher cost of 1,100% due to global shortages. I dont anticipate the price of this stock should go up due to poor 4th quarter result.
non woven rose by 1100% doesn't means RAW MATERIALS rose 1100% too.in fact,the price of resin was drop sharply by 4th quarter last year.so far in 1st quarter,resin price had rebound a bit but remain at weak level since the demand is weak due to plastic usage is dropping.
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) 。
Congrats to all you who have sold earlier before CNY and bought back when it was around 40c plus. I'm a dick head. I should have sold it earlier too. 100% regrets.
Sometime when the price suddenly spike up, we should take our profit or at least part of it, we don't know when it will go back again. Even though we love it and have confident on it, but the uncertainty in the market always exceeds our expection..
Kai Shien Ks Sometime when the price suddenly spike up, we should take our profit or at least part of it, we don't know when it will go back again. Even though we love it and have confident on it, but the uncertainty in the market always exceeds our expection.. 04/03/2020 5:33 PM
The biggest show on earth is dow jones tonite. Dow futures has limit down. And North Korea has launched 3 missiles today between S Korea peninsular and Japan. Be cautious in this market.
Price of Oceancash has gone under healthy consolidations for the past three days @ 0.500 sen. Price of this stock will go up against market volatility as more people are diagnosed with Covid-19. Accumulate this stock with momentum .
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....
Leonardo12
178 posts
Posted by Leonardo12 > 2020-03-02 09:22 | Report Abuse
Have anyone checked if the non-woven materials are from China? Or from Malaysia?