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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.
KUALA LUMPUR: CIMB Equities Research expect stronger results for OceanCash Pacific in 2H17, buoyed by potential new large-scale orders for both its insulation (felt) and hygiene segments.
KUALA LUMPUR: OCeancash Pacific Bhd, which posted a 32% fall in 2018 core earnings year-on-year to RM6.7mil is ecpected to see a recovery from its hygiene segment.
OCK’s proposed collaboration with ISOC Infrastructures Inc (ISOC) to pursue the telecom tower business in Philippines is a welcome development.
UEM EDGENTA BHD: THE company’s healthcare segment showed encouraging improvement in terms of both revenue and net profit, registering high single digit increases of 7.9% and 6.8% year-over-year respectively.