26 nov 08: XFN-ASIA) - Daiwa Institute of Research said it is maintaining its > \'buy\' rating on Singapore-listed abalone producer Oceanus Group with a > target price of 0.535 sgd as earnings are likely to rise sharply > through next year. > Daiwa said it recently met with the company\'s management and > concluded that its abalone tank expansion is on track, while prices > have held steady in the fourth quarter. It added the current CEO plans > to stay with the company until 2012. > \"We highlight Oceanus as our top Singapore-listed small-cap pick. > We like it for its earnings, which we forecast to rise strongly to > 2010, its visible earnings pipeline, and inexpensive valuation > ratios,\" Daiwa said in a note to clients. > However, the research firm said the key risk for the company is > that it needs to establish new sales channels in the the future to > satisfy its growth of abalone supplies. > Shares of Oceanus were unchanged at 0.140 sgd in early trade.
morpheus, did u read the article abt Oceanus securing insurance coverage for its abalones? now, u no scared right of risk of disease wiping them out? i think Oceanus is a potential multi-bagger as .... 1. its abalones are fetching good prices, 2. the abalone population is multiplying rapidly and 3. there is tremendous downstream demand that Oceanus has captured thru tie-up with Ah Yat.
Dello, did know out that porky getting sued in China? Now, u no scared of money down in the gutter? I think Oceanus is potential multi-sinker and it will sink ever faster.... hoping others to sink to together with you, I presume....
thank u sir for yr comments. can u clarify what u mean by \'porky getting sued\'? if youu think Oceanus is gonna do down, can youu elaborate? i will ask my friend to consider shorting
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