UNCLE YEOH is the major shareholder of OCB and CANONE. YEOH JUNIOR is helming IBU FOOD a subsidiary of OCB. better address the owner uncle rather oldman, must show some respect and actually he is a prudent and a honest man who don't simply GORENG it shares for a makan, afterall he is a MRY BILLIONAIRE.
Look at IPMUDA having a hardware division, almost RM110 million issue cap, a lower NTA and loss making quarter and it is making a SPLASH today - price before suspension RM1.80 compare to OCB 80sens.NO.fund managers and no. business bloggers like KYY write up on OCB - share price how to SHOOT UP. maybe bit by bit can la SLOW and STEADY no heart attack for it selling price if it fall.
No investor who has bought OCB shares will sell. it for a small gain, at least above RM1 is a more realistic and appropriate share price but also depends on MARKET FORCES and UNCLE YEOH buying forces,a very TIGHT free float indeed. .
Only at this BAD MARKET sellers willing to sell and HOPING to get it back at a CHEAPER price but it seem not possible with such low A FREE FLOATS. I personally believe the FREE FLOAT is even tighter than IPMUDA that has gone up to about RM2 on MONDAY.
VERY TIGHT free float and i think free float is less than IPMUDA which went up to RM2 on Monday. about the same market cap at the beginning of the year 2021. DIFFERENT COMPANY DIFFERENT DESTINY and maybe OCB can. perform BETTER.
No fund manager will goreng this share without initially catching hold of some shares at low price so need to wait for INSIDER to buy BIG only can go up.
I understand at least 50% of the factories under OCB group are closed since Monday which will effect the bottom lines. Hope the management can apply to MITI to start productions this week.
As OCB products especially on the consumer foods, Lingham ' s sauce ,
Ibu food products , Ibumie ready to eat , instant types have been continuously being immediately sold in the supermarkets , retail shops , and we have to quickly replenish the stocks on the next working days.
As now in May, June , July 2021 , in most places of Malaysia , the staff members for practically all the offices in Malaysia are required to work from home .
This new normal , which dictate the working style and pattern in the offices , have changed to work in the houses , the usages of the bedding products are well used on regular manner whereby accelerate the upwards sales of the bedding products / namely King Koil, Kaiserkorp bedding products have been well sold in our marketing outlets .
REMARKS
Failure to hold the price above RM 1.00 , there is a need to exit.
Battered consumer- related businesses likely to make the fastest comeback The Starbizweek, Saturday 10 July 2021, page 4 / Consumer Section
by Yvonne Tan { yvonne@thestar.com.my}
There is a recent meeting in presence of Yeah Kim Leng , Sunway University economics professor ,
Carmelo Ferlito, analyst , Institute for Democracy and Economic (IDEAS)
Quote Although it may seem premature to think about a post Covid -19 investment theme , most industry observers agree that once some semblance of normalcy returns , the one sector that will probably make the fastest comeback is food and beverage(F & B) or more broadly the consumer sector . SEE_RESEARCH answer is OCB / 5533
As most market watchers know , spotting and buying into investments themes or more specifically , stocks before everyone else is key to generating good gains SEE_RESEARCH answer is OCB / 5533
From 15 July 2021 - that has potential for 2ND limit up ( + 30 % ) = RM 1.51
Please note : in the below GIF - on the raging bull , in which the raging bull can run up to the speeds of 35 mph - they will continue to attack what they think is the source of their annoyance and always charge with their full intent.
Kenanga forecasts higher orders for Kelington in FY21
TheStar Wed, Jan 20, 2021 08:56 am.
KUALA LUMPUR: Kenanga Research has upgraded its earnings outlook on Kelington Group Bhd on expectation of another year of record high orders.
In FY20, the group secured an all-time high order of RM490mil with SMIC continuing to award more jobs.
Existing SMIC jobs at hand are expected to keep the group busy until June, excluding on-going 2021 tenders.
"We came away from a conference call with the management feeling pumped-up over the group’s prospects.
"With increased expansions among wafer fab players taking place this year due to a surge in demand for semiconductor components, we believe that FY21 could yet be another record year, building upon the existing all-time high order of RM490m secured in FY20," said Kenanga.
It said Kelington as the incumbent has the advantage in winning the 2021 tenders, which will consist of UHP holl-up in all four SMIC fabs.
The group has also secured sub-contract jobs from TSMC via a partner as well as Micron, which is looking to expand due to the global memory shortage.
Kelington's tender book currently stands at RM900mil, spread equally across Malaysia, Singapore and China.
"Being regarded as a preferred vendor among large MNCs, the group is in a favourable position to benefit from various on-going expansions by the likes of WD Penang (announced RM2.3b investment), Micron SG (new fab construction), and Lam Research," the research house added.
Meanwhile, Kelington's LCO2 plant is expected to be halal-certified in a month's time, which will further increase demand as the group penetrates the food and beverage industry.
The plant utilisation has recently increased to 100% from 50% due to strong orders from Singapore, leading to higher average selling prices.
Kelington's operations in all 17 sites in Malaysia are on-going despite the movement control order as it has received approval as an essential service.
Kenanga maintained "outperform" on the counter while raising its target price to RM3.10 from RM2.30 based on a higher FY21 forecast price-earnings ratio of 32x.
"We believe KGB deserves to be traded at a higher multiple due to its exclusive exposure to the front-end semiconductor boom, which is very rare given that Malaysia is a back-end centric market," it said
SEE_ Research
Latest update on the
Short Term
Target Price RM 1.50 to RM 1.60
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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....
Kadir
2,107 posts
Posted by Kadir > 2021-06-17 17:59 | Report Abuse
Uncle Yeoh?