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[公司专区] 0049 OCNCASH 元宙集团 #

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x 0
发表于 2014-9-12 12:12 | 显示全部楼层
請問這間公司為何沒有友族 Director??

Directors / Management Team

Siew Chin Tan-Executive Chairman of the Board, Chief Executive Officer
Youn Kim Wong-Company Secretary
Siew Cheng Yip-Company Secretary
Pong Kiat Lo-Executive Director
Lee Chew Chen-Non-Independent Non-Executive Director
Siew Tyan Tan-Non-Independent Non-Executive Director
Soo Wah Chan-Senior Independent Non-Executive Director
Swan Kwong Han-Independent Non-Executive Director

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发表于 2014-9-22 14:32 | 显示全部楼层
Ocncash 0049 RM 0.345

An ace market company who manufacturing felts for the purpose of heat insulation, sound insulation, which focus on car, aircon and also construction. Overall it's an aggressive company which consistently attack foreign market, up until now they have ventured into taiwan, indonesia, Philippines, and also china!

Net cash company, debt at 18mil, cash at 34mil
ROE 13% which means its above avg, management are efficient.

Consistently 5 years are making money and also 5 years positive operation cashflow. Stable company.

P/e at 9.7x, industry avg around 13x which I can see it's undervalued with quite much of growth prospect. My target price would be RM 0.46 over a year.

Technically, it's been on a uptrend since February, current I still see the trend are still going on, I would expect short term TP at 0.38.

Happy trading

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x 46486
发表于 2014-9-24 17:42 | 显示全部楼层

OTHERS PROPOSED DISPOSAL OF MODULAR MACHINE BY OCEANCASH NONWOVEN SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF OCEANCASH PACIFIC BERHAD ("PROPOSED DISPOSAL")
OCEANCASH PACIFIC BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED DISPOSAL OF MODULAR MACHINE BY OCEANCASH NONWOVEN SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF OCEANCASH PACIFIC BERHAD ("PROPOSED DISPOSAL")

The Board of Directors of Oceancash Pacific Berhad ("OCP" or "Company") is pleased to announce that Oceancash Nonwoven Sdn Bhd ("Vendor"), a wholly-owned subsidiary of OCP had on 18 September 2014 entered into a Sales Contract with PT S&S Hygiene Solution ("Purchaser") for the disposal of one (1) unit of modular machine model PCE-COEX 2000 for Cast Film Co-Extrusion, complete with Accessories and Parts ("PE Machine") for a consideration of USD100,000.00 ("Selling Price").
Please refer to the attachment for full details of the announcement.
This announcement is dated 24 September 2014.



Attachments


Announcement Info
Company NameOCEANCASH PACIFIC BERHAD  (ACE Market)
Stock Name OCNCASH   
Date Announced24 Sept 2014
CategoryGeneral Announcement
Reference NoCC-140923-748E6

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x 613
发表于 2014-9-28 18:13 | 显示全部楼层
Oceancash Pacific Berhad
19 Jul 2004
TA Securities Bhd
N E W L I S T I N G
Oceancash PacificBerhad
Riding on Felt
KLCI
842.65
Mesdaq bound OceancashPacific Berhad is involved in the
manufacture anddistribution of felt and non-woven fabric which are
used extensively inthe automotive, air-conditioner and hygienic
product industries.Felt serves as an insulator for various parts of
vehicles as well as inair-conditioners whereas non-woven material
is used as a componentin the manufacture of diapers, sanitary napkins
and other hygienicproducts. OPB is fairly valued at 16x PER giving it
a value of RM0.35based on 2004E EPS of 2.2 sen, translating into 75%
upside from the issueprice of RM0.20.
Genesis andRestructuring Scheme
Oceancash Pacific Berhad (OPB) was incorporatedin August 2002 under
the name of Modernflex Sdn Bhd and subsequentlychanged its name to the
present form and converting to a public companyin November of the same
year. OPB was formed as an investment holdingcompany to facilitate the
company's foray into the capital market uponrealisation of a restructuring
scheme. The scheme entailed the acquisition oftwo subsidiaries and was
completed by end of 2002. The organisationalstructure of OPB is as follows:
file:///C:\Users\User\AppData\Local\Temp\msohtmlclip1\01\clip_image002.jpg
Principal Activities
The group is primarily involved in themanufacture and distribution of two
types of non-woven products i.e. felt andnon-woven fabric via OFSB and
ONW as follows:
Oceancash Felts Sdn Bhd - Incorporated in 1996, the company manufactures
and distributes felt. Felt is an abrasivelymatted textile made mainly from
wool. It is bonded together by chemical,needlepunching or heat process.
Felt can be found in sheet or roll form in amyriad of thickness, width,
hardness, densities and colours. Felt can bemade through woven or non-
woven technology. OPB uses non-woven technologyin the production of felt.
The company operates two production lines with atotal capacity of 2,400
tonnes per annum. Currently utilisation levelstands at 63% of total capacity.
Oceancash Nonwoven SdnBhd - Established in 1999,ONW manufactures
and distributes thermo-bonded non-woven clothbetter known as a disposable
hygienic product. Non-woven fabric is anytextile produced without weaving.
It is produced by interlocking fibres throughchemical or heat treatment
process. They are flat, porous sheets that aremade from separate fibres.
ONW has three production lines with a totaloutput of 80 tonnes per line per
month. The current operating level is 70 tonnesper line per month or 88% of
total capacity.
Product Usage
Felt
It is used primarily for insulation and islightweight.
Automotive industryapplication:-
- Dashboard insulator
- Roof pad silencer
- Floor carpet underlay
- Trunk lining
- Wheel housing lining
- Door trim lining
- Oil and carburetor filters
Air-conditioner industryapplication:-
Uses fire retardant felt in the outdoor units ofsplit air-conditioners as
heat, sound and vibration dampening material.This reduces the
transfer of heat, noise and vibrations generatedby the air-conditioner
compressor.
Non-woven fabric
Thermal bonded non-woven fabric is used in babyand adult diapers,
sanitary napkins, surgical apparels includingcaps, gowns and masks
Source: Prospectus / ACNielsen
Customers/PrincipalMarkets
Felt
As aforementioned, OPB's felt business isderived from the automotive and
air-conditioner industries. The automotiveindustry contributed 88% to total
revenue from felt whereas the remaining 12% wasfrom the air-conditioner
industry for FY03. Approximately 18% of totalrevenue was from export sales.
Non-woven fabric
For the group's non-woven business, around 51%of its revenue was derived
from its largest customer SCA Hygiene Sdn Bhd(formerly Drypers Malaysia)
for FY03.
file:///C:\Users\User\AppData\Local\Temp\msohtmlclip1\01\clip_image004.jpg
For FY03 ended 31st December, 51% of profitafter tax was from OPB's felt
business whilst the balance of 49% was due fromits non-woven business.
Competition
Competition for OPB's felt business is limitedto one domestic competitor
which has a similar set up and comparablemachinery as OFSB. This
competitor, Asian Resinated Felt, which wasestablished in 1991 is a
subsidiary of Talam, a listed property group.OPB claims a domestic market
share of 70% for the felt business thus makingit a clear market leader.
Outside Malaysia, there is one other companywith similar capabilities viz.
SNC Sound Proof Ltd (Thailand). SNC is also aprimary customer of OPB
as noted in the table above. Competition fromoutside Asean is limited
since import of felt from non-ASEAN countriesattracts an import duty of
25% and a sales tax of 10%.
Focused on Diaper Market
With regard to the non-woven fabric market,there are three domestic
manufacturers but OPB has control over thediaper market. Its competitors
are supplying mainly to manufacturers ofsanitary napkins. With regard to
manufacturers overseas, there is onemanufacturer each in Thailand and
Indonesia with comparable production as ONW. Thecompany perceives
limited competition for its non-woven product inview of its control over domestic
diaper market Malaysian diaper market is thelargest in the region. Looking
ahead, OPB aims to penetrate the hospitalityindustry via product innovation.
With regard to the risk of substitutesparticularly from woven fabric, non-
woven material in which OPB specialises isregarded as a different genre
altogether, known to be less expensive andsuitable for applications requiring
different shapes and designs. The industry requiresconsiderable set up costs
besides an average breakeven period of 6 months- 1 year, thus creating
barriers to entry.
R&D
OPB acknowledges the need for continuos R &D and has earmarked various
new products for manufacturing such asdisposable table cloths and fruit
wrappers for the non-woven fabric market. Withthese new products, OPB
plans to penetrate the hospitality industry inthe future. The company has
also been able to increase its monthlyproduction capacity from 150 tonnes
to 200 tonnes with the same set of machineryprimarily due to extensive R &
D. With regard to felt, the company has startedto commercially produce
P.F. Felt, a new type of felt which isodourless.
Eyeing Overseas Markets
OPB has set a target of deriving at least 30% ofits revenue from overseas
sales essentially in the ASEAN region. Thecompany is positive about its
cost competitiveness as evidenced by the fact itexports to overseas markets
whilst the majority of felt producers cater onlyto their domestic market.
Valuation
OPB provides an exposure to novel sub-sectors ofthe automotive, air-
conditioner and hygienic product industries withminimal competition. Based
on the PER of its closest comparisons namelyHirotako (9.0x), NTPM
(10.11x), and DK Leather (20.0x) together withthe market PER of 16.40x,
OPB is fairly valued at an average PER of 16xgiving it a value of RM0.35
based on 2004E EPS of 2.2 sen, translating intoan upside of 75% from the
issue price.
The information in this report has been obtainedfrom
sources believed to be reliable. Its accuracy or
completeness is not guaranteed and opinions aresubject
to change without notice. This report is forinformation
only and not to be construed as a solicitationfor
contracts. We accept no liability for any director indirect
loss arising from the use of this document. We,our
associates, directors, employees may have an interest
in the securities and/or companies mentionedherein.
forTA SECURITIES BHD,
Yaw Chun Soon, Executive Director - Operations

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x 613
发表于 2014-9-28 18:17 | 显示全部楼层
jc5360 发表于 2014-9-28 18:13
Oceancash Pacific Berhad19 Jul 2004TA Securities BhdN E W L I S T I N GOceancash PacificBerhadRiding ...

Non-woven fabric
For the group's non-woven business, around 51% of its revenue was derived
from its largest customer SCA Hygiene Sdn Bhd (formerly Drypers Malaysia)
for FY03.
Business
Top Five Customers
% Revenue Contribution
Felt
1. Johnson Control Automotive S/B
17.80
2. Grand Carpet Industries S/B
17.40
3. SNC Sound Proof Ltd (Thailand)
15.50
4. WSA Engineering S/B
14.20
5. Myti Corporation S/B
9.33
Non-woven
1. SCA Hygiene S/B (Drypers)
51.43
2. PT Softex Indonesia
18.05
3. Quality Hero Corp S/B
10.76
4. Consobiz Ventures S/B
5.78
5. People & Grit S/B
5.41

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x 613
发表于 2014-9-28 23:22 | 显示全部楼层
Notice of Person Ceasing (29C)
OCEANCASH PACIFIC BERHAD

Particulars of substantial Securities Holder
Name
Lo Pong Kiat @ Lor Hong Ling
Address
No 38 Lorong SS 23/6F
Taman SEA
47400 Petaling Jaya
Selangor Darul Ehsan
NRIC/Passport No/Company No.
370425-02-5237
Nationality/Country of incorporation
Malaysian
Descriptions (Class & nominal value)
Ordinary Shares of RM0.10 Each
Date of cessation
22/08/2014
Name & address of registered holder
Lo Pong Kiat @ Lor Hong Ling
No 38 Lorong SS 23/6F
Taman SEA
47400 Petaling Jaya
Selangor Darul Ehsan
Currency
Malaysian Ringgit (MYR)
Number of securities disposed
3,000,200
Price Transacted ($$)
Circumstances by reason of which a person ceases to be a substantial securities Holder
Transfer of Shares
Nature of interest
Direct
Date of notice
27/08/2014



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x 613
发表于 2014-9-28 23:23 | 显示全部楼层
Company Profile

The nucleus of the Group was founded by Mr Tan Siew Chin and Mr Lo Pong Kiat. They have contributed and laid the foundation of what Oceancash Pacific Berhad is today.


LO pong kiat @ lor hong ling
Aged 77, Malaysian
Executive Director
Mr. Lo Pong Kiat @ Lor Hong Ling was appointed to the Board on 29 March 2004. He spent the early part of his career in sales
and marketing for various car companies including Wearne’s Brothers, Fiat and Tan Chong Motors. With his experience in the
automotive industry, he joined Coco Industry Sdn Bhd in 1980, a Japanese company involved in the production of mattresses
using coconut fibres in Malaysia. He was responsible for the company’s venture into the manufacture of car seat paddings using
coconut fibres in the early 1980’s. As a result of this breakthrough and under the guidance of the parent company in Japan, Ikeda
Busan, he was instrumental in the subsequent establishment of Ikeda Malaysia Sdn Bhd, one of the largest automotive interior
trim companies in Malaysia. In 1989, recognizing the potential of nonwoven felt applications in the automotive industry, he left to
set up his trading company, Jugaya Sdn Bhd, importing and dealing in all kinds of nonwoven felts. In 1997, he was involved in the
commencement of operations in OFSB.
He has no conflict of interest with the Company nor any convictions for offences within the past ten years other than traffic offences,
neither does he have any family relationship with any other director and/or major shareholder of the Company. He has fully attended
all the five (5) Board of Directors’ meetings held during the financial year of the Company.

点评

不是founder,好像transfer给自己人  发表于 2014-9-30 21:22
还是只是transfer share而已,还在公司???  发表于 2014-9-28 23:28
founder/ED 走了,谁是新的ED????  发表于 2014-9-28 23:26

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x 54
发表于 2014-9-29 05:45 | 显示全部楼层

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x 18
发表于 2014-11-15 11:09 | 显示全部楼层
The company improving fundamentals seem to be the direct result of a major change in strategic direction initiated three years ago (2011).

In 2011, it switched from semiconductors to automation solutions for the LED lighting industry from which it now (Nov 2014) derives about 80% of its revenue. Products offer by the group include LED testers and automated handlers, which are essential components of the lighting industry.

The LED industry will be the key earnings driver for the company in the coming years….

The hike in demand will force major LED makers to expand their production capacity which bodes well for automation solution providers such as MMSV. It is believed that Philips Lumileds Lighting Co and OSRAM Licht AG are MMSV’s clients.

It plans to focus on LED manufacturing process with a view to establishing a market in high power LED production.

It has zero borrowings and is light on assets except for a 55000 ft factory in Penang. Its revenue of rm26.68 million for FY2013 was nearly equal to the group’s total assets of rm26.75 million as at Dec 31 2013.

The company has a diversified customer base with the domestic market accounting for 39% of sales in 2013 followed by the US (35%) and Asia (26%).

For 1HFY2014 revenue jumped 40% to rm16.5 million while net profit almost doubled from rm2.1 million to rm4.0 million. However it is also worth nothing that in the same period, trade receivables almost tripled to rm12.6 million outpacing a 1.5 times increase in trade payables to rm5.4 million.

It is trading at 4 times book and a trailing 12 month PER of 14.3 times.

Its cash balance stood at rm3.57 million as at June 30 2014. It may raise funds to realize its ambitions.

It is liked for its strong CAGR of 32% over FY2013 to FY2016, its net cash position and superior margins of above 24% and high ROE of above 28%.

Despite that, the company is still exposed to the LED industry’s environment which can be both cyclical and dependent on economic growth.

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x 46486
发表于 2014-11-25 17:15 | 显示全部楼层

Quarterly rpt on consolidated results for the financial period ended 30/9/2014
OCEANCASH PACIFIC BERHAD

Financial Year End31/12/2014
Quarter3
Quarterly report for the financial period ended30/09/2014
The figureshave not been audited
Attachments

Remarks :

  • Default Currency
  • Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014
[tr][/tr]
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
17,732
19,065
54,995
49,380
2Profit/(loss) before tax
112
2,481
4,589
5,397
3Profit/(loss) for the period
-483
1,889
3,114
3,987
4Profit/(loss) attributable to ordinary equity holders of the parent
-483
1,889
3,114
3,987
5Basic earnings/(loss) per share (Subunit)
-0.22
0.85
1.40
1.79
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2571
0.2208


点评

一次性亏损,老板丢掉一架PE MODULAR MACHINE,亏了1.69million... 虽然是一次性,不过老板也说了“今年的成绩大概和往年差不多” ... 显掉 XD  发表于 2014-11-25 19:53
各位有谁知道什么原因亏损吗?来讨论一下  发表于 2014-11-25 19:02

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x 46486
发表于 2014-11-25 18:10 | 显示全部楼层

Interim Dividend
OCEANCASH PACIFIC BERHAD

EX-date08/12/2014
Entitlement date10/12/2014
Entitlement time05:00:00 PM  
Entitlement subjectInterim Dividend
Entitlement descriptionSingle Tier Interim Dividend of RM0.006 per Ordinary Share
Period of interest payment to
Financial Year End31/12/2014
Share transfer book & register of members will be to closed from (both dates inclusive)  for the purpose of determining the entitlements
Registrar's name ,address, telephone noSectrars Services Sdn Bhd
28-1 Jalan Tun Sambanthan 3
50470 Kuala Lumpur
Tel No : 03-22746133
Fax No : 03-22741016
Payment date        30/12/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers10/12/2014
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit10/12/2014
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicatorCurrency
CurrencyMalaysian Ringgit (MYR)
Entitlement in Currency0.006

Remarks :



Announcement Info
Company NameOCEANCASH PACIFIC BERHAD  (ACE Market)
Stock Name OCNCASH   
Date Announced25 Nov 2014
CategoryEntitlements (Notice of Book Closure)
Reference NoCC-141119-40436


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x 9
发表于 2014-11-27 17:05 | 显示全部楼层
OCNCASH - NOTICE OF BOOK CLOSURE
OCEANCASH PACIFIC BERHAD

LISTING'S CIRCULAR NO. L/Q : 72011 OF 2014


    Single Tier Interim Dividend of RM0.006 per Ordinary Share.

    Kindly be advised of the following :

    1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
    as from : [ 8 December 2014 ]

    2) The last date of lodgement : [ 10 December 2014 ]

    3) Date Payable : [ 30 December 2014 ]


Announcement Info
Company NameOCEANCASH PACIFIC BERHAD (ACE Market)
Stock Name OCNCASH   
Date Announced27 Nov 2014
CategoryListing Circular
Reference NoRN-141127-44786



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x 46486
发表于 2015-2-27 18:56 | 显示全部楼层

Quarterly rpt on consolidated results for the financial period ended 31/12/2014
OCEANCASH PACIFIC BERHAD

Financial Year End31/12/2014
Quarter4
Quarterly report for the financial period ended31/12/2014
The figureshave not been audited
Attachments

Remarks :

  • Default Currency
  • Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2014
[tr][/tr]
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2014
31/12/2013
31/12/2014
31/12/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
17,813
19,201
72,808
68,581
2Profit/(loss) before tax
1,923
2,463
6,513
7,786
3Profit/(loss) for the period
1,799
2,517
4,914
6,503
4Profit/(loss) attributable to ordinary equity holders of the parent
1,799
2,517
4,914
6,503
5Basic earnings/(loss) per share (Subunit)
0.81
1.13
2.20
2.92
6Proposed/Declared dividend per share (Subunit)
0.01
0.00
0.01
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2603
0.2208


点评

Proposed/Declared dividend per share = 0.01. Got dividend??  发表于 2015-2-28 19:09

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x 1
发表于 2015-3-1 10:08 | 显示全部楼层
如果没有机械问题,他的业季一定好过去年。

点评

他的机械到底發生什麽事?它之前已經有 onetime loss on machine . 這季又發生什麽事而導致業績下跌?  发表于 2015-3-1 14:08

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x 1
发表于 2015-3-1 14:24 | 显示全部楼层
kahsemah 发表于 2015-3-1 10:08
如果没有机械问题,他的业季一定好过去年。

这个是年报。

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x 18
发表于 2015-3-12 08:28 | 显示全部楼层
Despite seeing a CAGR of 53% in its net profit over the past three years, it is still hungry for expansion.

It is involved in felt and non woven parts manufacturer. It is OEM of resonated felt and non woven fabrics for motor vehicles and hygiene applications.



Felt is a textile used mainly for heat and sound insulation inside vehicles and air conditioners. Its customers convert it into a jacket of sorts and wrap it around the compressor so the noise is reduced. The purpose is similar for felt installed in cars.



It is riding in the sectors its products are used in - automobile and property markets. This provides the company with high consistent margins and growing sales.



Its products are used in automobiles, as noise dampeners in compressors of air conditioners and as insulation for buildings, including in roofs, partitions, walls and flooring. It is trying to penetrate the China market.



Between 2008 and 2013, it saw consistent sales growth. In 2013, it posted 148% rise in net profit to rm6.5 million despite smaller 17% increase in revenue to rm68.6 million. Over the years the company has been able to maintain double digit operating margins with its net margin in 2013 approaching the 10% mark.



It might not have to wait long if its talks with an automotive parts distributor in Thailand go well. A partnership could be formed by 2HFY2015. The Thai venture’s contribution to revenue would be minimum in the initial years. Its products to its customers are their raw materials.



The company’s ability to maintain healthy is promising, backed by strong demand growth in the automobile and property markets in its existing markets. Expansion into new markets, such as China will underpin its future growth.



It has a strong balance sheet with a low 3.72% gearing.



It is ready to strengthen its presence in Indonesia with the addition of a production line there in 2015.



Last year (Nov 2014) it is in talks with an Australian company that will become the sole supplier for Ford’s assembly in Bangkok.



The new ventures will require Oceancash to spend an additional rm10 million in FY2015. With a cash balance of rm12.87 million as at June 2014, its borrowings for its capex for 2015 will amount to rm4 million at most which will only bump up its net gearing to 0.02 times. It had total borrowings of rm14.18 million as at June 30 2014.



The company exports to Thailand, Taiwan, Indonesia and the Phillipines.



If its talks with the Australian company are successful, it will move one of its production lines in Malaysia to Thailand.



The felt has better margins than its non woven segment. Non woven products are used in diapers, sanitary napkins, wet wipes and surgical masks and gowns.



At rm0.33 it is trading at a 12 month trailing PER of 14.98 times and 1.27 times book.

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x 18
发表于 2015-3-26 08:12 | 显示全部楼层
Ocncash: Whilst revenue increased 6% to rm72.8 million, its net profit was down some 24.5% to rm4.9 million. The results included a one off loss on disposal of machinery amounting to rm1.72 million in 3QFy29014. Excluding this, its net profit would be 1.9% higher at rm6.63 million compared to rm6.5 million in 2013.



This growth is unexciting. But the company prospects are good. Underlying earnings have been rising steadily over the past four years to March 2015. Margins are consistently in the double digits, ranging between 14 to 18%. Net gearing is low at 5.57%.



It has a stronghold in niche segment and a large target market.



It manufactures (and exports) resonated and thermorplastic felts, noise and carpet underlays, that function as heat and sound unsulators. It also produces non woven products used in baby diapers and sanitary cloth products. The company has plants in Malaysia and Indonesia and in 2012, established a trading company in China.



Whilst the barriers to entry to manufacture these products are low, it has significant competitive advantage in having established long relationships with is major customers.



The company will start a new felt production line in Indonesia in 2015 and transfer an existing line to Bangkok. This is aimed to address the expanding automotive and property markets as well as to improve cost efficiency.



It is trading at a trailing 12 month PER of 14.75 times and a price to book of 1.25 times.

  

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x 2
发表于 2015-5-18 08:41 | 显示全部楼层
没有人看这只股吗?冷眼是三十大股东之一哦。。

点评

sure ? Never realise this, when did he recommend ? what is his holding cost ?  发表于 2015-5-18 10:23

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x 57
发表于 2015-5-18 09:15 | 显示全部楼层
Kimuchi 发表于 2015-5-18 08:41
没有人看这只股吗?冷眼是三十大股东之一哦。。

冷眼效应要来了 ~

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发表于 2015-5-18 09:22 | 显示全部楼层
慕容复 发表于 2015-5-18 09:15
冷眼效应要来了 ~

冷眼买不多

点评

买不多都能在三十大股东里看见他的名字。。。不愧是我的偶像  发表于 2015-5-20 20:27

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