Posted by wongcalvin73 > 2020-06-04 16:36 | Report Abuse

Fly Fly Ocncash

Posted by icepumpkin > 2020-06-04 17:10 | Report Abuse

hope it will fly tomorrow.

Posted by Hajiji2833 > 2020-06-04 18:58 | Report Abuse

KUALA LUMPUR (June 4): Credit Suisse has raised its target price for Top Glove Corp Bhd to RM23, more than double of RM11.30 previosly, on the ground that there has been a recent rise in ad hoc and spot orders by government agencies needing urgent deliveries.

In a note dated June 3, Credit Suisse analyst Joanna Cheah said while pricing was not locked in upfront for these volumes, the group took deposits between 10% and 30%, based on projected average selling price (ASP) increases depending on the expected month of delivery and thus, Top Glove had decided to allocate 10% of its capacity for these spot orders.

"Given the long lead time for normal orders, it is therefore no surprise that ASP for the ad hoc spot orders is much higher.

"According to management, some of these orders were priced above US$100 per 1000 pieces, which is more than three times higher than the current blended ASP for the normal orders," Cheah said.

In addition, while the company was previously guiding for 5%-10% increases in ASP every quarter, given the further squeeze in demand-supply for gloves, it was now guiding for a monthly double-digit ASP increase at least for the next two months.

"Given the revised strategy and ASP guidance by the company, we have raised our FY20 (financial year 2020)-FY22 earnings per share by 20%-135%. We now expect the group's earnings to grow 182% in FY20, a further 122% in FY21 but decline by 63% in FY22 as ASP normalises.

"Our earnings forecast assumes that ASP will rise by 20% in FY21 for both nitrile and powder-free gloves, and decline by 20% in FY22," she said.

She added that Top Glove's results for the third quarter of FY20 set to be released on June 11 are expected to be strong and should drive further rerating of the stock.

"One of the key concerns has been the risk of oversupply as the rubber glove players embark on expansion and demand settles post the pandemic. Looking at the current planned supply by the top five major players (including Sri Trang), we think there will be a squeeze in demand-supply for the next two years," she said.

Just yesterday, the price-earnings valuation of Hartalega, Top Glove and Rubberex breached the 100 times mark, which is rarely seen among manufacturing-oriented companies.

She noted the current demand is estimated to be 50%-60% higher if not for capacity constraints resulting in long lead time.

Meanwhile, estimated supply is expected to grow by 9% cumulatively between now and end-2020 and another 12% by end-2021.

At the midday break today, Top Glove rose 1.49% or 22 sen to RM14.92, valuing it at RM39.25 billion.

#dudukrumahdiamdiam and get the news at theedgemarkets.

Posted by moneyfind > 2020-06-04 20:12 | Report Abuse

82sen big resistance la..how r tomolow?i will sell morning at watever price

Posted by Underhand > 2020-06-04 21:17 | Report Abuse

82c won't be resistance any more, I think

Posted by jj > 2020-06-05 08:02 | Report Abuse

手套股大牛市

Posted by tuapuikia > 2020-06-05 09:23 | Report Abuse

let's do it

Posted by jj > 2020-06-05 09:27 | Report Abuse

buy limit up.

Posted by tuapuikia > 2020-06-05 09:28 | Report Abuse

buy before 10am

Posted by Ttttader > 2020-06-05 09:31 | Report Abuse

hold tight

Posted by Leonardo12 > 2020-06-05 09:47 | Report Abuse

Healthy consolidation

Posted by kitkat > 2020-06-05 10:04 | Report Abuse

who is buying who is selling?
dont be the same fish like last few days..lolz..
be smart. be like a baby shark~

Posted by waikeat1028 > 2020-06-05 10:05 | Report Abuse

i dont think it will up much today, next week still got small chance la

Posted by kitkat > 2020-06-05 10:07 | Report Abuse

buy on weakness sell on high..
hold tight if you dunno what to do
JUST HOLD TIGHT.

Posted by waikeat1028 > 2020-06-05 10:09 | Report Abuse

When this s2p counter QR release?

Posted by Secret > 2020-06-05 10:22 | Report Abuse

Let go again 0.88!

Posted by Secret > 2020-06-05 10:39 | Report Abuse

earn kopi o cukup. Sold

Posted by Underhand > 2020-06-05 11:14 | Report Abuse

Up 1c earn 1k

Posted by moneyfind > 2020-06-05 12:09 | Report Abuse

Ku sudah ckp 82 byk susah..xde org pcaya..lari dulu la sblm stuck

Posted by AnchoviesswimwithSha > 2020-06-05 12:36 | Report Abuse

Today all profit taking no power...hold tight and wait next week fly

Posted by moneyfind > 2020-06-05 12:44 | Report Abuse

Sell ur stock ocncash...believe on me & not others....i play ini ocncash stock sudah lama....nnt stuck susah mahu keluar..serius...

Posted by Underhand > 2020-06-05 12:56 | Report Abuse

How long? What price you in?

Posted by ttluck > 2020-06-05 13:19 | Report Abuse

Only only ocncash stuck la.. Dun c the past history.. Not valid la.. NOW all HC sectors rocks baby...

Posted by tuapuikia > 2020-06-05 15:06 | Report Abuse

Need to wait for next week then, today no show

Posted by martinking > 2020-06-05 15:08 | Report Abuse

luckily 0.855 exited, now waiting lower to re-enter..

Posted by tuapuikia > 2020-06-05 15:11 | Report Abuse

lucky u

Posted by moneyfind > 2020-06-05 16:55 | Report Abuse

Sell now..protect capital..u all still can hv ocncash on tuesday with cheap price

Posted by newages00 > 2020-06-05 17:36 | Report Abuse

agree...no one dare to not wear mask now...think until vaccine out....

Posted by newages00 > 2020-06-05 17:41 | Report Abuse

compared to other counter this counter PE only 26.5.

lkl PE 180
topglov 95
adventa 76

Posted by icepumpkin > 2020-06-05 17:58 | Report Abuse

Some supermarkets, no mask cannot enter. When schools start reopen also must wear mask. Once out from house must wear mask. Unless covid19 suddenly dissapear because return to its planet.

Posted by martinking > 2020-06-05 18:03 | Report Abuse

director keep disposing recently, seems like something fishy..maybe qr not so good?

Posted by CHONGweiboon1119 > 2020-06-05 18:21 | Report Abuse

I enter at 0.625 and still hold, is ok for me as well

Posted by idunwork > 2020-06-05 18:42 | Report Abuse

This recent video shows ppl in china are not wearing masks.
I heard someone commented before that ocncash has very little mask related business, true ?
https://youtu.be/VtfgomxgO7A

Posted by ahkeong88 > 2020-06-05 18:47 | Report Abuse

Ocncash is provide material for making mask

Posted by Underhand > 2020-06-05 22:43 | Report Abuse

Wake up every investor, please do some research before you invest. You will be rewarded.

Posted by yanrula > 2020-06-05 22:44 | Report Abuse

OCNCASH doesn't produce mask, it produces non-woven fabric that is used in mask production. It has two main divisions, i.e. Hygiene (e.g. for masks, wet wipes, surgical apparels, napkins, women products, etc.) and Automotive. Hygiene division contributes to around 67% of its revenue. I would think that is a huge contribution and have reason to believe OCNCASH can very well benefit from this COVID-19.

P.s. no buy/sell recommendation

Posted by newages00 > 2020-06-06 09:18 | Report Abuse

My company work with china company. Everytime zoom meeting i see them still wear mask.
At least need to wear mask till vaccine out.

Posted by Cnlim > 2020-06-06 13:15 | Report Abuse

Haha why the boss keep selling?

Posted by idunwork > 2020-06-06 13:22 | Report Abuse

Non-woven mask material for mask is over supplied. The price has dropped a lot.
https://www.sinchew.com.my/content/content_2282055.html

Posted by newages00 > 2020-06-06 16:03 | Report Abuse

wow...ever up so high price,mean earning this budget will be a lot.

Posted by singunsin > 2020-06-06 16:05 | Report Abuse

https://www.weforum.org/agenda/2020/06/who-updates-guidance-on-masks-heres-what-to-know-now/

Posted by ttluck > 2020-06-06 17:17 | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/06/06/wear-masks-in-public-says-who-in-new-coronavirus-advice#cxrecs_s

Posted by Chua Joe Beng > 2020-06-07 00:23 | Report Abuse

OCEANCASH NONWOVEN SDN. BHD.
A wholly owned subsidiary of Oceancash Pacific Berhad (OPB)

Business Type : Manufacturer
Main Markets :Eastern Asia 40%, Domestic Market 30%, Southeast Asia 30%
Links : Malaysia Textiles & Leather Products, Malaysia Fabric

The principal activities of OCN are in the manufacturing and trading of air-through bonded nonwoven and thermal bonded nonwoven, which are widely used in the disposable hygienic products industry. It's application include top-sheets, second layer, acquisition distribution layer (ADL), back-sheet for diapers, sanitary napkins, wet wipes, surgical apparels including caps, masks, and gowns. Oceancash Nonwoven Sdn Bhd is accredited according to ISO 9001:2008.

Quality Policy : "Continual Improvements is the key to product excellence". Oceancash Nonwoven is committed towards total quality practices for continual improvements to ensure that we meet the specifications laid down by the customers and established standards in achieving customer satisfaction. Oceancash Nonwoven aims to enhance its processes to achieve high quality and high productivity in the long run that will benefit all parties.

Product Safety Policy : "Always strive to ensure that its products are of highest quality standards and without risks to the health and safety of the Customers".

Posted by shpg22 > 2020-06-07 09:32 | Report Abuse

Mask now selling for RM20+ for 50pcs on Shopee compare to last time RM70+. With surge in demand, all manufactures ramp up their production exponentially. Same goes for glove. Insiders have been dumping their share.

Posted by newages00 > 2020-06-07 11:33 | Report Abuse

i. Further extension of time to submit financial statements
Listed issuers are now granted an extension until 30 June 2020 for submission

financial report will be out this month..

Posted by newages00 > 2020-06-07 11:41 | Report Abuse

https://ibb.co/Qkhm1ps

https://ibb.co/Kz6VJ63


likely consolidation for break out...

Posted by tuapuikia > 2020-06-07 11:44 | Report Abuse

Wear masks in public means ocncash gonna fly to the moon on tuesday

Posted by skyrocket > 2020-06-07 17:24 | Report Abuse

More masks needed under RMCO.

Posted by ahkeong88 > 2020-06-07 20:58 | Report Abuse

Let's Say PE =48,price can go up until 1.4... 1.4/2.9 =48

Posted by newages00 > 2020-06-07 22:30 | Report Abuse

https://www.orientaldaily.com.my/news/international/2020/06/07/344969

At least until year end only got vaccine.