New production capacity ups Oceancash outlook

In a note to clients, research house CGS-CIMB said it has raised the group’s financial year 2022 (FY22) earnings per share (EPS) forecast by 59.7% on expectations that a higher production capacity will boost the company’s income.

PETALING JAYA: Resin felt manufacturer Oceancash Pacific Bhd’s (OCP) new non-woven product capacity, which is expected to be completed by early 2022, has raised analysts’ predictions of its earnings.

In a note to clients, research house CGS-CIMB said it has raised the group’s financial year 2022 (FY22) earnings per share (EPS) forecast by 59.7% on expectations that a higher production capacity will boost the company’s income.