Oceancash Rises to Record After CIMB Rates New Buy on Growth
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
OCP MK (Oceancash Pacific Bhd)
People
Walter Aw (CIMB Securities Singapore Pte Ltd)
Topics
Top Midcap Coverage
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UUID: 7947283
(Bloomberg) -- Co. earnings projected to grow by 18.6% CAGR in FY 2017 to 2019 on higher sales in Indonesia, Malaysia and improved margins, writes Walter Aw, analyst at CIMB in report.
- Stock new buy; PT 88 sen
- Co. is largest felt manufacturer in Malaysia, commanding 60% of local market share
- Poised to benefit from growing global consumption of non-woven fabrics as hygiene product manufacturers expand their presence in China and Southeast Asia
- Stock gains as much as 14%, set for highest close since 2004 listing
- Volume 4.5x 3-month daily average
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
OCP MK (Oceancash Pacific Bhd)
People
Walter Aw (CIMB Securities Singapore Pte Ltd)
Topics
Top Midcap Coverage
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283