I know that everyone here is disappointed because OFI is underperforming the market. I am pretty sad too. But we have to accept the fact that commodity prices (palm oil) will continue to inflate and thus it will weight heavily on food production and raw material costs. These are hard times.
However, optimistically speaking, inflation will probably come down around early Q4 2022
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 ...
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Posted by wallstreetrookie > 2022-02-09 10:33 | Report Abuse
Buy the dip