Balvinder Singh's comment on OCNCASH. All Comments

Balvinder Singh
5 Like · Reply
Looking at the chart, macam want to rally up.
Chia Benjamin
@Balvinder Singh Can I say that the coming QR must be good,that’s why rallying up?
Like · 6 months · translate
Balvinder Singh
If I have a crystal ball that can tell me the future, I would be very rich dy, Hahaha.

To answer your question:
I expected the company to turn around in Qtr 3 2024. Earliest Qtr 2 2024, per my earlier comments. I am also surprised on how much it went up these two days. Thought will go to 0.36, hold there, and in 2~3 months only go to 0.43. Hope this time not kena goreng. Anyway, today, I sold some of my holdings to lock in some gains.
Show more
1 Like · 6 months · translate
Balvinder Singh
Cause if we read the Qtr 4 2023 report in Feb 2024, management was still very cautious. Indicating things hadn't turned around as of February. In the recent annual report, management was much more positive. Indication that things are looking positive. So maybe that is the reason for the rally.
Show more
Like · 6 months · translate
Fool
Maybe is due to glove sector up

Last time pandemic he also follow the trend

But I don’t know the logic behind
Show more
2 Like · 6 months · translate
Balvinder Singh
Yes, that is true, I also don't understand, OCNCASH non-woven was never big in mask/health care, but during pendamic when up like crazy. If up again like crazy, will sell and lock in profits. Just keep some to attend AGM.
Show more
Like · 6 months · translate
Kevin Tam
Market sentiment n glove counters have pushed up this sleepy beauty more than other factors.. Hopefully coming quarter also much better result...
2 Like · 6 months · translate
Balvinder Singh
Based on the quarterly results Q1 2024, it looks like the earliest possible turnaround will be in Q3 2024 or in Q4 2024.

Note B1, there is a delay in the start of spunlace production.

Additionally, it looks like all is not well in Indonesia. Even after making substantial investment in cross lapping and vertical felt production lines, quarterly sales are lowest since Qtr 4 2020.

Revenue in Thailand has not shown any significant improvement. Sales of only 3 mil. Far from the 5.7 mil in Q4 22.
Show more
1 Like · 5 months · translate
88 stone
i think found it's ground. rebounding
1 Like · 5 months · translate