Posted by Frank Leong > 2014-04-24 10:45 | Report Abuse

this duck momentum won't last long

Posted by 多学几年 > 2014-04-24 11:20 | Report Abuse

hopeless and useless counter

Posted by 多学几年 > 2014-04-24 16:30 | Report Abuse

stingy syndicate

Posted by jackson87 > 2014-04-24 17:14 | Report Abuse

Wahz
Busuk operator comes in

Muda up like hell
Orna no movement also

Kekekkekeke

Posted by 多学几年 > 2014-04-25 09:10 | Report Abuse

counter busuk for operators busuk

Posted by janetrohan > 2014-04-25 12:16 | Report Abuse

within 3 days..... it will rebound!

Posted by aLexteoh > 2014-04-25 16:47 | Report Abuse

Why keep dropping? This morning still 1.26 but now 1.21

Posted by Frank Leong > 2014-04-25 16:52 | Report Abuse

this stock price very skittish, lost patience

Posted by Frank Leong > 2014-04-25 16:55 | Report Abuse

It has rebounded many times but eventually always dropped back to square one

Posted by janetrohan > 2014-04-25 17:18 | Report Abuse

some institution accumulating this stock......

Posted by huat 88 > 2014-04-25 19:12 | Report Abuse

Today klse many drop

Posted by Yk John > 2014-04-25 21:34 | Report Abuse

Big shark accumulate


May be take over

Posted by Yk John > 2014-04-26 20:11 | Report Abuse

Orna - Dancing the Oji way

Author: bonescythe | Publish date: Fri, 18 Apr 01:30 | >> Read article in Blog website


--------------------------------------------------------------------------------

The year of 2014 had not seen much in take over / merger / acquisition exercise, except for a few companies that had been RTO for a back door listing. Amongst them are non other than Ecoworld RTO of Focal Aims, and the upcoming will be Ranhill listing through Symphony.

While foreign sharks are hungry for expansion, could Orna be another target in the coming days?

Let's have a peek on Orna.



Orna had been traded heavily earlier February this year, where the share price sky rocket before hitting a limit up and triggering a UMA from Bursa Malaysia. Currently, Orna had been consolidating at the range of RM 1.20. Orna might be looking forward for a surge in the coming days after consolidation at RM 1.20 is saturated, seeking for a higher ground soon.

Orna had been in the spot light recently where it's earning had started to show strong increase while it is trading below it's NTA of RM 1.60. With just 74m shares with a public float of around 48%, Orna is definitely a very interesting target for Oji Paper.

The Melaka based Orna Paper engages in the manufacture and sale of corrugated boards and carton boxes for the manufacturing sector in Malaysia. The company also provides corrugated flutes in single, double and triple walls, as well as in single face.




While Orna had been doing great lately, Orna financials had saw great improvement, where revenue had climbed steadily from 2009 to 2013, with FYE 2013 raking a net profit of RM 8.27m behind a revenue of RM 245.6m. EPS stand out at 11.2 cents for FYE 2013. Orna will be looking to perform better in FYE 2014 based on the market robust outlook for the year 2014.

What is even more interesting is that Oji Paper had been under some corporate pressure after failing to seal a deal with Muda Paper. As the cash rich Oji Paper is expanding, putting a price tag of RM 110m for Orna (Approximately RM 1.40 a share) doesn't seems to be a big problem for them as their previous heist had saw Oji offering more than RM200m for HPI privatization. Could Orna be the next target for Oji Paper?

While speculation is rife, Orna major shareholder is Instisari Delima Sdn Bhd (18.63 million shares or 25.1%) could be looking into a deal with Oji Paper for a buy out at around RM 1.50 per shares, putting Orna for a price tag at approx RM 110m. Currently, market insider could be looking set to see the deal going through before 2014.

I believe Orna will be a good company to be invested in, given the growing business in revenue and earnings, as well as the much anticipated take over by Oji Paper which could realized the share holder value in a faster pace.

Bone's short term TP: RM 1.30

Cheers and have a nice day

Posted by AyamTua > 2014-04-26 20:13 | Report Abuse

YK John style


so how??


very addictive - ayamtua loves you!

Posted by Yk John > 2014-04-27 12:39 | Report Abuse

So can up again?

Posted by jackson87 > 2014-04-27 13:42 | Report Abuse

why not
kekkekekekkke

Posted by huat 88 > 2014-04-27 15:11 | Report Abuse

mid tean tp only rm1.30 ?now at rm 1.21 only 9 cent profit ti get ....

Posted by Jacky Jacky > 2014-04-29 10:04 | Report Abuse

dont buy, dont let syndicate escape

Posted by Jacky Jacky > 2014-05-01 09:17 | Report Abuse

unless got good news. otherwise i think no hope for this counter, hehe

Posted by ronaldo1103 > 2014-05-04 17:39 | Report Abuse

:)

Posted by huat 88 > 2014-05-05 14:46 | Report Abuse

nice counter klse many drop, tis conter still can up, got any good news av 1?

Posted by huat 88 > 2014-05-05 15:24 | Report Abuse

Walao , just taking tis good counter now drop til 1.15 pula. ...

Posted by ronaldo1103 > 2014-05-05 15:30 | Report Abuse

huat ar

Posted by Yk John > 2014-05-05 20:20 | Report Abuse

So how?

Posted by ronaldo1103 > 2014-05-05 23:47 | Report Abuse

Hold or throw lo

Posted by Yk John > 2014-05-06 14:39 | Report Abuse

coming

take over news

Posted by ronaldo1103 > 2014-05-06 18:57 | Report Abuse

Huat

Posted by LUCAS > 2014-05-07 09:43 |

Post removed.Why?

Posted by ronaldo1103 > 2014-05-07 16:44 | Report Abuse

huat ar

Posted by ronaldo1103 > 2014-05-08 13:07 | Report Abuse

:P

Posted by aLexteoh > 2014-05-08 16:57 | Report Abuse

Any news about this stock?

Posted by ronaldo1103 > 2014-05-09 11:54 | Report Abuse

no need hear news lar.

Posted by Kim > 2014-05-09 11:58 | Report Abuse

lai lai

Posted by ronaldo1103 > 2014-05-09 15:36 | Report Abuse

lai lai?

Posted by ronaldo1103 > 2014-05-12 16:43 | Report Abuse

Hehe

Posted by huat 88 > 2014-05-12 16:53 | Report Abuse

No suprice .....

Posted by ronaldo1103 > 2014-05-12 19:32 | Report Abuse

Ya .. Waiting quarterresult

Posted by keyin > 2014-05-13 21:03 | Report Abuse

When report out?

Posted by ronaldo1103 > 2014-05-13 21:59 | Report Abuse

20-25 usually

Posted by huat 88 > 2014-05-17 08:41 | Report Abuse

The result haven out, but share price drop the result bad?

Posted by thienthien > 2014-05-20 00:08 | Report Abuse

hear says result is good

Posted by ronaldo1103 > 2014-05-20 20:25 | Report Abuse

Write a comment..so good this round

Posted by ronaldo1103 > 2014-05-20 20:25 | Report Abuse

The result

Posted by huat 88 > 2014-05-21 00:20 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1626593

Posted by marcusngmunkit > 2014-05-21 00:27 | Report Abuse

LOL

Posted by Yk John > 2014-05-21 09:27 | Report Abuse

good

Posted by spfoo5719 > 2014-05-25 09:05 | Report Abuse

will breakv1.46

Posted by marcusngmunkit > 2014-05-25 13:57 | Report Abuse

wah spfoo, how can u simply say that?

Posted by huat 88 > 2014-05-26 09:27 | Report Abuse

nice already rebound

Posted by sltp > 2014-05-26 10:10 | Report Abuse

so whats the tp ....affraid too late to get in