Sometimes i wonder....why good stocks never perform... Pensonic khind ofi fiamma all trading at such low PE.....good profits...excelent cash flow...but yet market just doesnt value them.....
Once palm oil goes down, OFI will recover. I have never sold a single share since last year, holding it tight. This company is primed for a strategic buy-out
They should've bought Oriental Foods instead of Cocoaland. No one buys Cocoaland's product anymore. Too sweet. OFI's super ring and crackers are delicious
Cocoaland was privatised by F&N at PE of 22. Munchy was bought by foreign investor a few years back at RM 1 billion. Looking at the scale of operation, product popularity and proven track records of OFI, i think it should be valued at least rm 500million. And if use valuation for cocoaland PE 22, then OFI should at least worth rm 2.
I made a phone call to Karina to ask some company-related questions... she asked me to ask them during AGM...I checked the AGM date of the previous year, it was held on August '23 ...
biz has grown continuously for the past 5 qtrs , div yield 4.7% is higher than FD, both net margin and ROE are >10%, in net cash position. New factory and warehouse is in progress. The only downside is the trading of the share price is too quiet. I bought in and hold for long term.
Excerpt from AR 24 : I am pleased to announce that we are embarking on an exciting phase of production expansion with the construction of new factory blocks including warehouse facilities. This project is a testament to our commitment to growth and innovation. Equipped with cutting-edge automated machinery, the new production line will not only enhance efficiency but also elevate the quality and consistency of our products
I have tried the Super Ring, very very delicious. I hope after the new factory completed, they can sell to the whole world. But I don't like the coloring on my fingers after I touched the rings.
Super Ring has a great opening of the year. Keep up.
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Posted by wallstreetrookie > 2022-04-06 22:51 | Report Abuse
Global inflation normalise in the next two quarters. Then, food manufacturers and consumer discretionary will rebound heavily.