OCNCASH - OCEAN full of CASH~ such an elegant name... I still remember i first written about OCNCASH in 24 September 2015. OCNCASH is my first stock-pick for my blog. At that time, the price is around 0.345, after 1.5 years, the price is now 0.435, a 26% in 1.5 years, which is seemed a quite fair result. Along the way, i kept track of its result. You can take a look at my previous post below:
Now let's dig in straight at the Q4 2016.
1. Fundamental Analysis
Revenue and Net Profit in Malaysia Stockbiz[1] |
OCNCASH announced their Q4 2016 result. Both revenue and net profit shown positive improvement in qoq and yoy. Revenue increased +13% qoq and +32% yoy respectively while net profit increased +4% qoq and +75% yoy respectively. If you notice from the snapshot above, this Q4 2016 shown the highest revenue and net profit during the displayed 3 years[1]. For me, this is definitely a growth stock. For the whole year, FY2016's revenue improved +5%, while net profit increased +14% when compared with FY2015. All in all, FY 2016 is a good year for OCNCASH.
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