Sometimes i wonder....why good stocks never perform... Pensonic khind ofi fiamma all trading at such low PE.....good profits...excelent cash flow...but yet market just doesnt value them.....
Once palm oil goes down, OFI will recover. I have never sold a single share since last year, holding it tight. This company is primed for a strategic buy-out
They should've bought Oriental Foods instead of Cocoaland. No one buys Cocoaland's product anymore. Too sweet. OFI's super ring and crackers are delicious
Cocoaland was privatised by F&N at PE of 22. Munchy was bought by foreign investor a few years back at RM 1 billion. Looking at the scale of operation, product popularity and proven track records of OFI, i think it should be valued at least rm 500million. And if use valuation for cocoaland PE 22, then OFI should at least worth rm 2.
I made a phone call to Karina to ask some company-related questions... she asked me to ask them during AGM...I checked the AGM date of the previous year, it was held on August '23 ...
biz has grown continuously for the past 5 qtrs , div yield 4.7% is higher than FD, both net margin and ROE are >10%, in net cash position. New factory and warehouse is in progress. The only downside is the trading of the share price is too quiet. I bought in and hold for long term.
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Posted by wallstreetrookie > 2022-03-22 14:30 | Report Abuse
OFI is a hold at this point. NO underweight calls