A good company with a few famous brands for the past 3 decades. 65% of its product are sold worldwide. It is not easy to compete with various famous brands but it manage to penetrate and gain a portion of snack market worldwide. That's its value. Remember when a foreign company bought munchy a year ago, they valued it at close to rm 800-900 million. OFI is smaller but should at least valued more than the current market value of merely rm 170 million
Tightly held shares...many following the same trend. Bonus issue with warrants...faithful shareholders of these companies are rewarded.....lets c what happens to OFI....rising steadily closer to the RM1 mark
Suggest company to increase the selling price by 20sen-30sen, I think it wont affect the consumer perceptive, people who like to eat snack will still go for it.
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Bull 2019
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Posted by Bull 2019 > 2019-11-12 19:51 | Report Abuse
wake up already. Up trend until 1.20