Thanks Hero76 who able to find the truth from Ocencash website: https://www.oceancash.com.my/oceancash-nonwoven/ Oceancash produces Non-woven Fabric, it applications include the top-sheet, back-sheets and ADL for diapers and sanitary napkins, wet wipes, surgical apparels including caps, and MASKS. Thus, those face mask manufacturers will order non-woven fabric from oceancash and can be foreseen that the demands will be very good due to the whole world start to reopen and people need to wear face masks in order to protect themself from covid-19 virus. TekSeng posted 2nd Quarter good earning is solid evident on this.
Majorities are focusing at Automotive parts Non-woven PPE material,eg.air-cond filtering, dashboard filtration and so on. But is good share for long term investment.
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.
Look at what Tekseng's Boss said for non-woven fabric ASP:
“Due to resilient demand, average selling prices (ASPs) of PP non-woven fabric have also gone up substantially.“It should be looking quite strong for now. PP non-woven prices shot up close to 300% in April and May and we are looking at 200% from June to August. Overall, we are seeing a price surge of over 200%,” Eng Chun says, adding that net profit margin has doubled to 15% from the 6% to 8% seen before the Covid-19 pandemic.”
RM1 has no issue provided we have more fund managers to goreng. As said, keeping for long term investment, this is good share. But, for short term, we should consider. My 2cents opinion only.
The prospect of Non-woven fabric is too good as the ASP is increasing due to high demands...beside glove is gold, now non-woven fabric material is gold as well!
Today oceancash momentum is strong , so fast reach RM1.10..... Non woven fabric is high demand since pandemic getting worse , only Oceancash n Tek Seng producing Non woven fabric in huge quantity in Malaysia...
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....
Hero76
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Posted by Hero76 > 2020-07-31 17:54 | Report Abuse
https://www.oceancash.com.my/oceancash-nonwoven/
Looks the company produce non-woven for masks as well