Posted by MaluNegaraKu > 2022-07-12 10:44 | Report Abuse

Whole Malaysia market is under value . Choose wisely

Posted by MaluNegaraKu > 2022-08-01 16:39 | Report Abuse

Seem like this share is no value than undervalue

Posted by M55555 > 2022-08-17 16:32 | Report Abuse

Owner collecting at chiput scale.. 10000, 20000 units at a time. Any ikan bilis can do that too. If want to support the prices collect one shot, 100k to 500k unit. Immediate clean out those ikan bilis seller la.....

Posted by MaluNegaraKu > 2022-08-18 11:43 | Report Abuse

Owner is trying to scam people to buy in. Maybe below 0.2 can buy this share

Posted by M55555 > 2022-08-21 22:35 | Report Abuse

0.2 boleh ka. if reach 0.2 , i max masuk . Base on consistent Div payout it will be like 5% yearly with potential value up.

Posted by MaluNegaraKu > 2022-08-22 10:22 | Report Abuse

I sell house beli if below 0.2 and keep till retirement

Posted by kangcs > 2022-08-23 08:35 | Report Abuse

sabar...

Posted by balvin71 > 2022-08-23 21:15 | Report Abuse

Net Profit only 493k for the latest quarter. EPS 0.19 cents. Very dissappointed.

Posted by MaluNegaraKu > 2022-09-09 11:12 | Report Abuse

Below 0.3 finally! Sure oncash can below 0.2 soon

Posted by lcteh88 > 2022-09-25 23:23 | Report Abuse

I

Abandon the ship and run If it is below 0.2 . Do not grab until to you are fully drowned.

Posted by MaluNegaraKu > 2022-09-27 18:15 | Report Abuse

One way ticket ship - just like titanic

Posted by balvin71 > 2022-10-15 17:32 | Report Abuse

That day waited and collected at 0.295. Now no need wait and can straight away buy at 0.28. Wonder how low will this go.
Hopefully going forward profit will improve based on the following:
1) Ocean Freight Rates have drop significantly. This will positive for sales and profit of hygiene division.
2) Starting 3rd Quarter, renegotiated new increased pricing to current customers in the insulation division.
3) Insulation division new plant in Thailand to begin operations and should contribute positively to sales and profit of the insulation division.

Posted by M55555 > 2022-11-03 11:13 | Report Abuse

Wah today open 0.295 ,then shoot up 0.34 . 30 mins later back to 0.30.. Apalah. Macam silap press button order je. Setting Jual jadi belikah ?

Posted by M55555 > 2022-11-30 12:23 | Report Abuse

bagus , consistent DIV on time

Posted by Lance > 2022-11-30 23:48 | Report Abuse

Get to know its customers are tier 1 vendors for many reputable cars and Japan diaper manufacturers. Fundamental is there.

Posted by balvin71 > 2023-01-09 17:04 | Report Abuse

https://protonsetapak.blogspot.com/2023/01/proton-sold-142432-units-in-2022-136026.html

With strong car sales, insulation division will do very well. Next year, Proton and Perodua sales expected to increase even more and set new records. Thailand plant started operations with good sales. 2023 results expected to be the best ever.

Posted by M55555 > 2023-01-30 11:50 | Report Abuse

sudah bangun

Posted by M55555 > 2023-03-02 10:34 | Report Abuse

Collect dividend 0.01 setahun. Kena quarantine on this luxury condo for another few more years.

Posted by M55555 > 2023-04-03 16:39 | Report Abuse

Still sleeping

Posted by balvin71 > 2023-04-26 21:03 | Report Abuse

Going back below 0.30?

Posted by balvin71 > 2023-07-30 21:57 | Report Abuse

Sudah U-Turn....back to 0.40?......Orang goreng ka?

Posted by balvin71 > 2023-08-28 20:43 | Report Abuse

Disappointing Q2 2023 results.
Compared to Q1 2023:
Insulation division recorded lower revenue (about 20%) and lower profit (about 21%).
Hygiene reported a slight increase in sales (about 2%) but a much bigger loss (almost 300%).

As for prospects: Directors anticipate performance to maintain at current levels for the rest of 2023.

Posted by M55555 > 2023-08-28 23:54 | Report Abuse

0.20 coming?

Posted by balvin71 > 2023-09-11 22:51 | Report Abuse

https://theedgemalaysia.com/node/682025

Doesn't look good for manufacturers

Posted by M55555 > 2023-09-15 16:40 | Report Abuse

it is about time to collect some . Hope same DIV will be release this year like previous year.

Posted by balvin71 > 2023-09-19 10:44 | Report Abuse

I think OCNCASH will turn around in 2024. Catalyst includes spunlace sales, Indonesia insulation plant start making new products and Thailand insulation plant ramp up production. Agree with you, can start collecting at current levels. Must have holding power. Not much downside, look for decent returns in 2024.

Posted by balvin71 > 2023-10-24 17:12 | Report Abuse

I anticipate Qtr 3 2023 results to be bad. Being drag down by the hygiene non-woven division and increase in overall cost due to depreciation of the Ringgit with higher labor and electricity cost. 2023 dividend might be lower than 2022.

Posted by M55555 > 2023-10-24 17:23 | Report Abuse

Sudah collect simpan saja la.. 3 kupang saja pun

Posted by balvin71 > 2023-11-23 14:24 | Report Abuse

https://theedgemalaysia.com/node/689902

Doesn't look good for felt division.

Posted by balvin71 > 2023-11-27 17:36 | Report Abuse

Dividend only RM0.005, lowest since 2013 (lowest in the last 10 years). Foresee Quarter 4 2023 performance will be about the same. Guess, we have to wait till 2024 to see improvement. Will only add if stock price goes below RM0.30....probably below RM0.27.

Posted by Stead > 2023-12-03 15:04 | Report Abuse

why are the reason for the hygiene division to record substantially lower revenue?

Posted by balvin71 > 2023-12-04 12:46 | Report Abuse

Per quarterly Report:
The reduction in sales in hygiene division was due to weakening of
Japanese Yen against US Dollar had made our export sales price to Japan less competitive.

Posted by Stead > 2023-12-05 16:02 | Report Abuse

Ringgit is the second weakest asian currency after JPY… if Japan did not import from Malaysia to take advantage of the currency, meaning Japan is procuring the raw material from their home turf? Doesnt make sense

Posted by flatso > 2023-12-21 09:22 | Report Abuse

It will keep heading north. TP 0.6x

Posted by Michael Kwok > 2024-01-06 02:27 | Report Abuse

Oceancash 32 cents
Tp 40 cents range or maybe more.
6/1/23 2.27am

Posted by balvin71 > 2024-01-11 11:19 | Report Abuse

Using a PE ratio of 20 to project TP.
For the stock to go to RM0.40 would need to generate an annual profit of about RM5.2 million or quarterly profit of RM1.3 million.
For TP of RM0.60 annual profit would need to be at RM7.8 million or almost RM2 million per quarter.

I don't see this happening in the near future. For the first 9 months of 2023, total profit was RM2.1 million or average per quarter of RM711k. The quarterly profit would need to almost double for it to justify TP of RM0.40 or increase by 275% for TP of RM0.60.

This is only my opinion. Please do own analysis.

Posted by balvin71 > 2024-02-20 21:03 | Report Abuse

Does anyone have any info on the new non-woven needle punch machinery that has been installed at the factory recently? Info like capacity, potential revenue and profitability of this type of product.

Posted by balvin71 > 2024-02-29 11:52 | Report Abuse

Disappointing Qtr 4 2023 results. Management predicting 2024 will be another challenging year.

Posted by balvin71 > 2024-04-12 09:13 | Report Abuse

https://theedgemalaysia.com/node/707557

Hope this will increase sales in Indonesian.

Posted by M55555 > 2024-05-09 17:06 | Report Abuse

Low volume but price movement looks good . Looking forward for coming QR report.

Posted by limch > 2024-05-14 09:36 | Report Abuse

33 sen cannot go up any more? What for? At least Fintec still up haha.

Posted by M55555 > 2024-05-15 16:22 | Report Abuse

Fintec is a gone case. Ocn today sudah up . Be Patient

Posted by $$ BUYSELL $$ > 2024-05-16 08:46 | Report Abuse

get ready

Posted by balvin71 > 2024-05-30 20:13 | Report Abuse

Based on the quarterly results Q1 2024, it looks like there is a delay in any possible turnaround.

Note B1, there is a delay in the start of spunlace production.

Additionally, it looks like all is not well in Indonesia. Even after making substantial investment in cross lapping and vertical felt production lines, quarterly sales are lowest since Q4 2020.

Revenue in Thailand has not shown any improvement. Sales of only RM3.1 mil, significantly less compared to sales in Q4 22 when sales was RM5.7 mil.

Posted by Michael Kwok > 2024-06-18 10:57 | Report Abuse

Sell call oceancash 40 cents
Let see buy on 20th of june.surprise coming.
18/6/24 10.57am

Posted by Nepo > 2024-08-01 16:16 | Report Abuse

turbulence ahead..hold tie tie..

Posted by Stead > 2024-09-09 20:21 | Report Abuse

Always have huge volume kick in but price hardly move… accumulation or wash out weak players?

Posted by solana > 2 weeks ago | Report Abuse

After having a look at the quarterly result, this company is doom.

Posted by balvin71 > 1 week ago | Report Abuse

Pump and dump. Agree with Solana that the quarterly results not good. I won't go as far to say doom, only have a long way to go. At the insulation division, despite spending on new machinery in Indonesia and new factory in Thailand, the sales in both countries is way below its peak. The hygiene division, still has not turned around even after introducing new products. I had sold my shares when it went up recently. Will monitor, maybe around RM0.30 can consider going back in.

Posted by solana > 1 week ago | Report Abuse

They should just shut down the non profitable oversea operations. Luckily still pay half sen of dividend this year.