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Cocoaland was privatised by F&N at PE of 22. Munchy was bought by foreign investor a few years back at RM 1 billion. Looking at the scale of operation, product popularity and proven track records of OFI, i think it should be valued at least rm 500million. And if use valuation for cocoaland PE 22, then OFI should at least worth rm 2
Good result. And Vietnam operation is still expanding. PE is only around 5 and most of its assets are undervalued. Last valuation was in 2004..ROE 15...way to go the share price
https://www.klsescreener.com/v2/news/view/1048633
The company expects to maintain if not better earning in financial year ending 2022 and to pay higher dividend than 4.5 cent. Good company with annual double digit growth for the past 10 years. Indonesian PT Arita Prima is expected to contribute higher earning in the future
well planned company with potential growth ahead
1. new GMP plant 4 times exisitng capacity, utilisation during mco period at 14%, expected to increase to 40% at end of the year. Another 60% to grow
2. New ruminant business and dairy segment: plan to increase to 500 herds, and this has not included joint venture with kulim
this company is deeply undervalued. Apart from its business and enterprise value, it has a net cash of close to RM 0.50 and many industrial/agricultural lands in selangor/Port Dickson. Business wise, it is growing business with more countries are focusing on energy saving/green energy. 1 of its main export market is China, and China government is pushing hard on energy saving. LED lights will be on demand. Transformer will be always on demand. It is involved in battery charger as well, but, not sure how extensive its involvement in automotive segment.
