I bought some 0.635 too... Cement price increase, OKA 40m cement products possible to sell higher prices maybe... Good news or bad news? I dunno... anyone can tell?
Wow...Leng Yan is one of the biggest holders? That sort of calms down my mind a little...hahaha...I have been buying OKA monthly though..hopefully it will pay off soon..how do you know that about Leng Yan though? Where can we find that piece of information?
Following the new government’s anticipated projects to build 100,000 affordable homes by the end of 2019 and one million budget houses in ten (10) years’ time, OKA’s management team will endeavour to secure a fair share of these projects.
cyeec2000, is the information still valid today? I check the 2019 AR and RHB Capital Nominees (Tempatan) Sdn Bhd is the 11th biggest shareholder. Maybe Leng Yan sold all his shares before the share price plummeted. Lol.
I didn't go. Working. Results better than last year. Dividend in November. As long as every year making more profit and give dividend more than EPF % good enough.
*Company Profile* • OKA (listed in June 2002) is the one of the leading integrated manufacturer of precast concrete products in Malaysia
*Trading Catalyst* • As OKA is one of the largest local ready-mixed and precast concrete manufacturers and its products are widely used in the infrastructure, sewerage, construction and highways, sentiment on the stock could further improved in anticipation of the revival of mega infrastructure projects and government’s commitment in building more affordable homes. • Valuations are cheap at 11.7x (53% below peers) and 0.83x BVPS (43% below peers), underpinned by attractive 6.2% DY (based on average 3.7sen in the last 3 years) and 1Q20 net cash/share of RM0.192 (Ex-cash P/E is only 7.9x). • Technically, the stock is poised for a potential downtrend reversal towards RM0.63-0.74 levels in the mid to long term following the formation of Dragon Fly Doji and Hammer candlesticks.
Let's consider the Capex of the company: 2015 - 2016: 4,401,453 2016 - 2017: 4,845,879 2017 - 2018: 4,133,473 2018 - 2019: 13,681,212
We can see that the company has spent a lot on upgrading its production facility. Keeping its strong fundamentals and excellent management in mind, I think after the mega projects are revived, the company's future profit might surprise everyone in the market.
I got it from the annual report. By the way, the data about Capex is my calculation based on the formula on Investopedia. I'm not sure if I did it correctly . :)
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Posted by Cockroach Paul Lee > 2019-06-13 22:51 | Report Abuse
Hahaha... all cement counter up.... only OKA laosai...
next drop point 0.58? 0.50?