I think downside is limited now. Hit all time low already

Looks like some momentum coming…it’s been dead for quite a while

OMH up 7% yesterday. Hit bottom already? China stimulus helps? Anyone looking at this again?

Looks like volume is picking up slowly. Good sign

You are right! This year should be good for equity

UOB has target price of rm3.5. Do you think will hit?

Look like you are so right!

Boleyn

What’s your target?

Yo, you are so right! It’s past RM 2.35

Wah…you are so right! It’s slowly climbing up fast today

Management really need to work on liquidity. That’s the whole purpose of Bursa listing in the first place.

Unfortunately, OMH does not have following and no liquidity, unlike PressMetal. That’s why stock is trading at deep discount to its fair value.

I guess this is the only counter that is green today

OMH announced 1H22 result: Up 231% to US$60m

Share price should be moving back to previous high very soon

It’s started to move now…it has over corrected 30-40%even when the profit is surging

Now the news of this major acquisition is out, there will be more IR/PR efforts by the company to work towards equity placement

They are currently doing major maintenance work and They should hit 100% production by 1Q2023.

The stock PE is only 6x, this is way below market of 15-20x
Upside is good. Company is way more profitable at RM240m even at 75% capacity

EBITDA A$204m (RM 612m)

PE only 8x

OMH announced NPAT of A$81m (RM 240m) for FYE 2021, dividend of 2 Aus cents (6 RM cts)

Press Metal and Lynas are easily PE 30-40x

At this price, market has still yet to price in the full year result which will announce by end feb. Latest ASX analyst forecast is A$103m, which means 7x PE, way below peers and market.

It seems like this stock finally wakes up

I believe the mgt will start more aggressive IR/PR after results announced. There will be more feel good factors after end feb. seeing is believing for this stock

Yes, I think actual result should be quite close. The sale price hit record in 4Q. Highest prices ever achieved for FeSi and MnSi

Peter Lynch: the best time to buy a stock is when it is unloved and out of favour.

I still stand by my earlier post that stock price bottomed around 2.65-2.70

It should have upside surprises since the stock price is not pricing in any good news

I am waiting for the full year result which will be release by end feb

Haha…cny break la

Sell vol has dropped significantly from few weeks ago

Vol for Bursa has been picking up lately. Not great but a good sign

Also, there was 1 month plant shutdown in June.

For 1H2021 profit, the average FeSi price is US$1,500
Prices shot up to US$4,150 by end Sep. now the prices is US$2,000-3000.

On 20 Dec, I predicted (more like I see the pattern of trading from experience) the stock bottomed around 2.65-2.70. Now it’s up 10%

The price is holding well in the morning…it usually runs up in the afternoon session. Good to see sustainable momentum of 2-3% up everyday

OMH share price is too low now, time to jump in…

Press Metal PE is 50x and Lynas is 60x

Yes, I agree fully with you. OMH could easily achieve A$100m (Rm300m) profit on current production level and current alloy prices. Yet the market cap is only A$650m / RM 2.1b. PE only 6x, way below market

Smart investors always buy when the stock has corrected 30-40%, while the fundamental is unchanged. For OMH case, the fundamental is in fact stronger as the alloy prices is still high by all standards with GPM > 100% -150%

Buying has started to trickle in…it’s time to get back in when the price is low, not when the price has moved back to rm4

New year, new hope! I believe the stock has bottomed and will start to move from here.

Buying is slowly building up, albeit slow…but I believe the big surge is near…the day of limit up could be near also

It always starts with low volume before the surge in volume. No sellers. The big push should come after new year.

The last recorded historical high was US$1,500-1800 back between 2017-2018.
Current FeSi price is way above that

The edge markets 27 Dec:
- FeSi hit unprecedented high of US$4,150 end Sep
- FeSi now trades US$2,000-3,000 range. Remember OMH cost is below US$1,000. Still sees GPM > 100%-150%
- New norm pricing due to increased cost of smelting in China, due to changes in power costs and new rules/regulations
- Should support OMH fundamental

We should see more buying momentum going into the new year and surge after new year towards its Feb reporting period.