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Oceancash to raise RM10mil from IPO for expansion
OCEANCASH Pacific Bhd (OPB) hopes to raise RM10.16mil from its initial public offering (IPO), part of which it intends to use for new product development and export expansion.
Oceancash expects to raise RM10mil from IPO
Oceancash Pacific Bhd intends to raise RM10.16mil from its initial public offering (IPO) of 50.78 million new shares.
Oceancash expects revenue growth even after Afta
Mesdaq-listed Oceancash Pacific Bhd (OPB) sees sustainable revenue growth despite the intense competition that will come with liberalisation of the local market under the Asean Free Trade Area (Afta).
News in brief
News briefs on: B.I.G. Industries, UMW, Sapura, Sime Darby, Ornasteel and Oceancash Pacific.
SMB nomination date extended
THE closing date for nominations to the SMB recognition award series 2005 has been extended to Sept 30, from Sept 20 in response to requests.
Bursa Malaysia updates classification for 10 companies
Bursa Malaysia Bhd has updated the classification of sectors for 10 listed companies which will come into effect this Friday, April 27.
Support Line
FIAMMA Holdings hit a high of RM2.36, the best since April 2000, before trimming gains slightly to close up three sen to RM2.34. Apparently, the moving average convergence/divergence histogram is looking good, implying more upside potential going forward. A break above the RM2.40 barrier would lead to a re-test of the historical peak of RM2.71 while support is resting at the RM2.15 line.
Support Line
AFTER peaking out temporarily at a 11-year high of 54.5 sen on March 25, Abric shares drifted sideways with a mild downward bias, undergoing a healthy consolidation. A decisive breach of the 55-sen barrier would signal an uptrend continuation, enroute to the 65-sen level. On the opposite, a crack of the 49-sen floor would see prices falling on extended correction.
CIMB Research starts coverage of Oceancash Pacific
KUALA LUMPUR: CIMB Equities Research has initiated coverage of Oceancash Pacific, Malaysia’s largest felt manufacturer which has a 60% share of the local market.
Tenaga 'buy', Oceancash 'buy', Yee Lee 'buy', Kawan Food 'add', TSH 'hold'
TENAGA Nasional Bhd (TNB) through its subsidiary TNB Remaco, has signed a memorandum of understanding (MoU) with Indian-based GMR Energy Ltd to collaborate in a power plant operations and maintenance venture in India.
