Executive Summary • Solid Q3 Results: OCR recorded RM9.94 million in revenue and RM628,000 profit before tax, driven by ongoing property development projects. • Affordable Housing Focus: The launch of Residensi Akasia under Rumah Selangorku, with a GDV of RM287.1 million, signals a strategic pivot to high-demand affordable housing. • Future Growth: With strong fundamentals and alignment with national housing priorities, OCR is positioned for...
OCR Group Bhd (Bursa: OCR), currently trading at just 3 cents per share, appears to be significantly undervalued, especially following their recent rights issue with free warrants. With a modest market capitalization now and solid fundamentals (over RM100.0 million in revenue easily every financial year) in the property development and construction sectors, this undervaluation presents an attractive entry point for investors. The company...
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0.035 hits very strong, not easy to rise
OCR Group Berhad (“OCR”), an integrated property developer, recently raised RM46.8 million through a highly successful renounceable rights issue with free warrants, achieving an oversubscription rate of 101.1%. This response from the market speaks volumes about investor confidence in OCR's growth trajectory and development plans. The rights issue, priced at RM0.035 per share, was offered with tw...
Shareholders of OCR Group Berhad (KLSE: OCR) are encouraged to participate in the company’s upcoming rights issue with warrants offer, which promises substantial returns. According to Wan Mohd Farid Wan Zakaria, a senior lecturer in finance at Universiti Teknologi MARA (UiTM), highlighted that eligible investors could expect a 60% return through this rights issuance, translating to an increase in value from 9.5 sen to 15 sen per share...
Moomoo Buddy
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Hello, if there is a rights issue/rights offering for client's holding stocks, we will contact the customer by email before the deadline of the announcement and will follow according to customer's instruction. If you do not receive any rights issue instruction from us or if you bought the rights from the market and immediately wish to subscribe it, you may email to corporateactions@my.moomoo.com
Integrated property developer OCR Berhad (OCR, 7071) has announced a remarkable set of results for the second quarter of the financial year 2024 (Q2 FY2024). The company achieved a revenue of approximately RM46.7 million and a profit before tax (PBT) of RM1.8 million for the quarter ended 30 June 2024. The revenue for Q2 FY2024 saw a substantial increase of 42.2% year-on-year (YoY) and a 37.4% rise compared to the previous quarter. This growth was p...
OCR Stock Forum
• Solid Q3 Results: OCR recorded RM9.94 million in revenue and RM628,000 profit before tax, driven by ongoing property development projects.
• Affordable Housing Focus: The launch of Residensi Akasia under Rumah Selangorku, with a GDV of RM287.1 million, signals a strategic pivot to high-demand affordable housing.
• Future Growth: With strong fundamentals and alignment with national housing priorities, OCR is positioned for...
With a modest market capitalization now and solid fundamentals (over RM100.0 million in revenue easily every financial year) in the property development and construction sectors, this undervaluation presents an attractive entry point for investors.
The company...
Bursa Malaysia ended the week on a weaker note as $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ fell by 11.58 points to 1,629.97 due to continued selling pressure, particularly in $Bursa Telecommunications & Media (0063I.MY)$ counters. This decline was attributed to rising concerns about global economic uncertainties and escalating tensions in the Middle East.
$Bursa Telecommunications & Media (0063I.MY)$ stocks led the retre...
The rights issue, priced at RM0.035 per share, was offered with tw...
According to Wan Mohd Farid Wan Zakaria, a senior lecturer in finance at Universiti Teknologi MARA (UiTM), highlighted that eligible investors could expect a 60% return through this rights issuance, translating to an increase in value from 9.5 sen to 15 sen per share...
how to subscribe the Right Issue? anyone can advise, please.
The revenue for Q2 FY2024 saw a substantial increase of 42.2% year-on-year (YoY) and a 37.4% rise compared to the previous quarter. This growth was p...
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