OCEANCASH PACIFIC BHD

KLSE (MYR): OCNCASH (0049)

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Last Price

0.40

Today's Change

-0.005 (1.23%)

Day's Change

0.385 - 0.405

Trading Volume

381,400


11 people like this.

5,309 comment(s). Last comment by Michael Kwok 1 week ago

tuapuikia

2,346 posts

Posted by tuapuikia > 2020-06-01 09:48 | Report Abuse

hahahhahahaha

tuapuikia

2,346 posts

Posted by tuapuikia > 2020-06-01 09:48 | Report Abuse

see who is laughing!!!

tuapuikia

2,346 posts

Posted by tuapuikia > 2020-06-01 09:48 | Report Abuse

not too late to go in, if you set TP RM1

holyspirit

217 posts

Posted by holyspirit > 2020-06-01 09:50 | Report Abuse

i have some....keep our finger cross :)

tuapuikia

2,346 posts

Posted by tuapuikia > 2020-06-01 09:51 | Report Abuse

buy buy buy !!!

tuapuikia

2,346 posts

Posted by tuapuikia > 2020-06-01 09:51 | Report Abuse

today will break record high!!

tuapuikia

2,346 posts

Posted by tuapuikia > 2020-06-01 09:52 | Report Abuse

buy call

martinking

289 posts

Posted by martinking > 2020-06-01 09:52 | Report Abuse

new high incoming, non woven demand is getting higher as covid-19 worsen..look at past 2 days..global case surge to highest

Posted by Chua Joe Beng > 2020-06-01 09:53 | Report Abuse

buy some more!

PassBy

146 posts

Posted by PassBy > 2020-06-01 10:07 | Report Abuse

BUY BUY BUY !!!

Secret

875 posts

Posted by Secret > 2020-06-01 10:37 | Report Abuse

kena trap again at 0.82!

Secret

875 posts

Posted by Secret > 2020-06-01 10:37 | Report Abuse

wtf

Posted by Fadzli Alias > 2020-06-01 11:00 | Report Abuse

Slowly climbing.... collect3

Posted by neofelis > 2020-06-01 11:28 | Report Abuse

what is the tp for this counter?

Posted by Fadzli Alias > 2020-06-01 11:33 | Report Abuse

TP 1, 78 cent..... into 90 cent now...... hold tight

holyspirit

217 posts

Posted by holyspirit > 2020-06-01 11:45 | Report Abuse

if everything else is good ( QR), i see OceanCash will reach more than 1.
Look at the careplus EPS is -1.08, the share price is 1.76 calling now.

chyeoh1972

1,685 posts

Posted by chyeoh1972 > 2020-06-01 11:46 | Report Abuse

when qr release?

holyspirit

217 posts

Posted by holyspirit > 2020-06-01 11:47 | Report Abuse

i believe punter will switch attention to OceanCash ( when others shares are higher price for their margin play already)

Posted by ImFromTheFuture > 2020-06-01 12:19 | Report Abuse

u can check qr release date on bloomberg app

Posted by winefficietly > 2020-06-01 12:32 | Report Abuse

Based on result announced on 28.02.2020 for Q4, 2020 (Financial year ended 31.12.2019), the group cash and bank balance stood at RM11.6 mil which represents approx 10.6% with consistent dividend paid for the last two financial years ( that is 31.12.2018 and 31.12.2019) at RM0.01 sen per share.
The average revenue per year under review was above RM85 mil generated and improved margin from 7.13% to 7.95% ( YE 31.12.2018 against 31.12.2019.
With Covid 19 became imminent and part of society issues to deal with, hence those group that related to Medical supplies and manufacture will highly likely benefit from the outbreak in term of revenue and profit bearing in mind that once break even point achieved for company, the margin will likely to be handsomely rewarded in term of higher margin and absolute amount in term of profit after tax.
With this background set, the group profit for Q 1, 2020 and beyond is likely to be bright.
Right time To study on the Group.

Posted by Fadzli Alias > 2020-06-01 12:41 | Report Abuse

Hold tight..... 0.835 pun laju kene sapu...... Go OCNcash Go........

Secret

875 posts

Posted by Secret > 2020-06-01 12:41 | Report Abuse

too fast. Can't key in to sell it

Secret

875 posts

Posted by Secret > 2020-06-01 12:42 | Report Abuse

Still stuck in 0.82!

martinking

289 posts

Posted by martinking > 2020-06-01 12:42 | Report Abuse

wait for afternoon show

Monica

164 posts

Posted by Monica > 2020-06-01 12:57 | Report Abuse

Hold tight... kapal naik

Posted by Fadzli Alias > 2020-06-01 13:09 | Report Abuse

Yeah.... 90 cent lah hari ni.......

chesslim

890 posts

Posted by chesslim > 2020-06-01 13:21 | Report Abuse

this week 0.92 i think is no problem.

Secret

875 posts

Posted by Secret > 2020-06-01 13:26 | Report Abuse

Lol, got 0.88 already very good lo

Posted by waikeat1028 > 2020-06-01 13:33 | Report Abuse

got 0.855, i will take profit liao

Posted by Fadzli Alias > 2020-06-01 13:37 | Report Abuse

Tp 1, O.80 cent achieved...... going to my 2nd TP 0.90 ... , as long as other Covid counter Fly, it will follow.. high demand on their product oso...... Qr je xtau bila kluar, kalau big profit....sure limit up.....

Posted by waikeat1028 > 2020-06-01 14:23 | Report Abuse

just pray, the glove and medical counter wont get correction soon like past two weeks.

holyspirit

217 posts

Posted by holyspirit > 2020-06-01 14:31 | Report Abuse

@ Chua Joe Beng: Donald Trump Is a business man not a real politic person. Whatever he has done is for $$$$ purpose. Hand Glove and Face mask are to wear together for every medical team for all kind of medical procedure. And for us, we do wear face mask but not all wear glove.....so, Mask demand should be good.But look at all the glove company share prices, all gone up very high. Do they not think that glove and mask are wearing together in every medical attention in clinic and hospital??? Why only glove company shares price up but not mask company? Or Maybe because Malaysia produce rubber ...............business from oversea .....??

Posted by Chua Joe Beng > 2020-06-01 14:50 | Report Abuse

Oceancash Pacific Bhd
Maintain buy, we remain positive on Oceancash Pacific Bhd’s (OCP) business outlook after our recent meeting with its management. We continue to like OCP, considering the: i) favourable growth prospects in the non-woven hygiene 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 10 times financial year 2020 estimated (FY20E) price-earnings ratio (PER) on the back of a projected earnings-per-share (EPS) growth of 33% for FY20E, OCP’s valuation looks appealing.

Prospects-wise, we believe the increasing contribution from Thailand and Indonesia (foreign felt sales accounted for about 61% of 9MFY19 insulation revenue) should be more than sufficient to cover for the expected shortfall in local felt sales (estimated 2020 total insured value forecasts lower by 1% to 590,000 units).


Elsewhere, construction of the felt production facility in Thailand remains on track to be completed by 2HFY20, and OCP is planning to relocate one of its two existing Malaysian production lines to tap the strong demand for resinated felt and increase utilisation of excess capacity (current utilisation rates: estimated 50%). Locally, we understand OCP has been supplying felt to Proton refreshed models (Saga, Iriz and Persona), and with this track record, the company is hopeful to participate in the Proton completely-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.


Meanwhile, we learnt that OCP recently increased hygiene’s production capacity to 600 tonnes per annum (+25% from 480 tonnes per annum) to cater for the growing demand of non-woven products for one of OCP’s major customer. We gather that this customer, one of the largest hygiene product companies in Asia, is setting up a regional hub in Malaysia, which bodes well for OCP’s hygiene long-term revenue growth.

holyspirit

217 posts

Posted by holyspirit > 2020-06-01 15:04 | Report Abuse

very interesting.... how the punters think

holyspirit

217 posts

Posted by holyspirit > 2020-06-01 15:07 | Report Abuse

price break 52 weeks high now....

newages00

641 posts

Posted by newages00 > 2020-06-01 15:11 | Report Abuse

yes...break d....up more is expected like topglov and supermx.

newages00

641 posts

Posted by newages00 > 2020-06-01 15:12 | Report Abuse

topglov break at 6 and go 13
oceancash just break 0.85

leoleo86

48 posts

Posted by leoleo86 > 2020-06-01 15:13 | Report Abuse

Very excited. just join the speedy boat by today... the trend looks really nice. i believe after today. more and more people will realize this share.

holyspirit

217 posts

Posted by holyspirit > 2020-06-01 15:13 | Report Abuse

If can maintain the volume ....i think no problem reach more than 1.....but need a breather before another high i suppose ...

leoleo86

48 posts

Posted by leoleo86 > 2020-06-01 15:17 | Report Abuse

the PE or resistance seems like no more applicable for the recent market. Lol.

holyspirit

217 posts

Posted by holyspirit > 2020-06-01 15:17 | Report Abuse

@ Chua Joe Beng: Thanks for the details report... appreciate

Secret

875 posts

Posted by Secret > 2020-06-01 15:19 | Report Abuse

Sold to earn back some

leoleo86

48 posts

Posted by leoleo86 > 2020-06-01 15:25 | Report Abuse

Really dont sell. the price will go crazy by tomorrow. many people will be shifted here after today.

leoleo86

48 posts

Posted by leoleo86 > 2020-06-01 15:29 | Report Abuse

We wait for all the heroes to join us here. As most of the Covid related shares out there was up to certain limit even the company are making loses at the previous years. Many people will do gathering over here.

Newbieinshare

2,117 posts

Posted by Newbieinshare > 2020-06-01 15:37 | Report Abuse

Ops i lock profit first. Find chance to reenter

newages00

641 posts

Posted by newages00 > 2020-06-01 15:38 | Report Abuse

this company making money even without covid 19

holyspirit

217 posts

Posted by holyspirit > 2020-06-01 15:41 | Report Abuse

omg....0.920

leoleo86

48 posts

Posted by leoleo86 > 2020-06-01 15:42 | Report Abuse

newages00 Yes. this company was did a very good job in the past. And the PE is so low now as compared to current PE standard...

sprite_888

155 posts

Posted by sprite_888 > 2020-06-01 15:43 | Report Abuse

wah... cake so hot... good x2

newages00

641 posts

Posted by newages00 > 2020-06-01 15:44 | Report Abuse

leoleo86 how much PE now?

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