Barring unforeseen circumstances, the Directors anticipate the Group’s performance for the financial year 2020 to be better than the financial year 2019
Gearing to dump on Monday. Have to cut loss. Result not good as anticipated. Topgloves result out so good also go down to selling pressures. What more to ocncash; a ikan bilis counter. So ocncash will have high selling pressures next week. The directors of ocncash already selling earlier a couple of week ago @ 60 sen plus. Good luck.
Micheal what you expect, this is only company developing and price movement consistent will price movement, If you wanna dump just go ahead, no need pursue people to cut loss unless you have chase high thanks
Mask before covid 19 is Rm5 per box, during start covid 19 rm75, now selling rm35. Compare 35 to 5 is 7times. So, material also will highly consume by mask factory for production.
I quite like and agreed this logic of research at this link that the price is lower 48% than market price now. Dividend consistent, cash flow good. Etc
gemfinder please do research property, you are invest not trading. Scam is it you lose money from trading, ocncash still developing steadily and its management is good. Do more research before keep say scam thanks
nett asset backup is 40.1c. Currently, though stock price is considered slight over-valued, Ocncash still need some good profit quarters to get into better value
Oceancash Nonwoven Sdn. Bhd. (OCN), a wholly owned subsidiary of Oceancash Pacific Berhad (OPB), was incorporated on December 21, 1999 in Malaysia. The principal activities of OCN are in the manufacturing and trading of air-through bonded nonwoven, and thermal bonded nonwoven, which are widely used in the disposable hygienic products industry. Its application include top-sheets, second layer, acquisition distribution layer (ADL), and back-sheet for diapers, sanitary napkins, wet wipes, and surgical apparels including caps, masks, and gowns
U go to company website.. Oceancash Nonwoven Sdn. Bhd. (OCN), a wholly owned subsidiary of Oceancash Pacific Berhad (OPB), was incorporated on December 21, 1999 in Malaysia. The principal activities of OCN are in the manufacturing and trading of air-through bonded nonwoven, and thermal bonded nonwoven, which are widely used in the disposable hygienic products industry. Its application include top-sheets, second layer, acquisition distribution layer (ADL), and back-sheet for diapers, sanitary napkins, wet wipes, and surgical apparels including caps, masks, and gowns
Company producing multiple types of non woven materials. Expensive one is used for sanitary .... Cheaper one used for surgical mask..... Who's the guy who interpret wrongly?
2020 is turning out to be a hugely promising year for ONW after achieving a satisfactory performance in 2019. We have started commercial supply of perforated nonwoven, embossed nonwoven as well as spooled roll nonwoven since 2019. We have also added 3 units of slitters to increase our supply capacity. Our new double-carding production line has also been delivered and we hope to commission it as soon as possible. This new production line will increase our capacity by 25% whilst further improving our capabilities. We are still witnessing significant growth in the hygiene industry of South East Asia region and in countries like India, Pakistan and Bangladesh. We are well positioned to capitalise on this regional growth trend. The Covid-19 pandemic has also resulted in additional orders from new and returning customers due to disruptions to their former supply chain. In summary, we expect the business of ONW to be better due to the pandemic.
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....
amireza
157 posts
Posted by amireza > 2020-06-26 19:04 | Report Abuse
Hopefully can limit up as well...