today's drop provides good chance to buy now... stellar revenue and profit in the consumer & industrial markets...
can you not use sanitary pad/diaper? no... can you not use air cond and car insulator? no...
there are no other replacement for these items.. the matter is whether there are other competitors who can beat Ocncash in this business.,,,
so far i dun see they have been challenged,, in fact, they have been growing in revenue and profit over the past 5 years.. still growing.. getting more diaper business in Japan too...
kingcobra, at this junction, we have to be realistic. We can't just hope for a statement given OCNcash and stick to it like they owe us and they must do what they promised. Anytime they can take a U turn. Whatever said and promised deemed to be aborted.
How I look at it now, OCNCASH cannot fulfill our profit projection temporary. Even towards the end of this year or crosses the America recessions, it will not deemed to give the profit we want.
If any of you have time, try to go and read the Directors and Chairman biodata. In fact, I want to say, OCNCASH are made of Chartered Accountants and Mr Tan himself have grown up kids who are in early 30 who already participated into the company. While waiting for stock to go into mainboard, I hope they are able to have their earnings reached the criteria to go on mainboard.
Looking ahead, there may be some challenges due to trade war. But if China trade war continues, China need to look elsewhere to outsource their production.
Question is, how far Malaysia will taxed by America tariff?
THIS IS THE MOST FRUSTRATION PERIOD OF BUYING OR SELLING STOCKS IN BURSA MALAYSIA....u buy in now the price stagnant or drop further...really STINKS ON DONALD DUCK TRUMP...real NUTS!!!!!!!
This kind of stock is not suitable for short-term traders. Anyway, this counter would better take private as it does not serve the fundamentals of listing in the stock market
Huat1, volume traded is low as I believe this stock is cornered. To those have been liquidating & these local funds has been collecting, it is not manipulation.
Once quotas are achieved, that will be a push-up.Oceancash is a good momentum stock for medium & long terms. At right timing, it can also be short term. Collect before the announcement anytime soon.
Kingcobra, if I were in the buyers' shoes, I rather wait for persistent selling to be weaker. I gather there are many impatient investors to liquidate their Oeamcash. So buyers will rather wait.
Indonesian Rupiah has taken a beating. This will effect an unrealised currency loss in the coming quarter report. Maybe that's why stock lackluster with motivated sellers???
Oceancash will definitely have significant volume growth from new and existing customers; especially the various giant motoring hubs in Thailand.
Oceancash Thailand plant is expected to raise monthly output when fully operational presently. Therefore will project significant profit results by end of first quarter of 2019.
Morever, the Proton-Geely venture has already secured another catalyst for Oceancash.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Daily8
3,858 posts
Posted by Daily8 > 2018-08-28 10:58 | Report Abuse
@pODIUM, I see, but it's just a proposal. What else from there then?
@Micheal, I don't say something is wrong with OCNASH