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Oceanus
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Oceanus major business model restructure
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ckmpd1
Supreme |
07-Mar-2021 12:05
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Agree
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DexterT
Veteran |
07-Mar-2021 10:57
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I am thinking, Oceanus is performing exactly like the current situation in US.
In US, when the bond yields increased just by a little to 1.6%, and people start to panic and sell off. They might not want to lose any of their profits or in some cases, some are cutting losses before it goes down further. But, why the panic? The bond yields are even higher before Covid level! Before Covid, it was at 1.8-2%! And the stock market is breaking ATH every single day. It even went to 3% back in 2018 before the Fed starts to step in. During then, there was still no signs of panic selling. This unwanted panic is what gave people like me a good chance to buy low. I call it the Great Singapore Sale. Now, if you take a look at last Friday, US stock market tanks but eventually rise back up by the end of the day. Why? Most likely because people are immune to 1.5 - 1.6% bond yields and realised, why the heck did we panic for? We will know for sure on Monday. Oceanus acted just like that. The company is fundamentally great, building up stronger every single year. Earning X00% profits year after year without fail and now, they are exiting watchlist. There is absolutely no reason to sell, unless the company announced some bad results or it failed to achieved its goal. Why the panic sell? For those vested and waited, you will be rewarded, no doubt about that. Oceanus as a company is doing really great and I believe you did your research before investing. Just my 2 cents. |
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AwakenTide
Veteran |
07-Mar-2021 10:07
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Hope so since i am having high average price now. If I can make some profit will be great ! Won?t chase up again after lesson learnt.
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gregtan123
Supreme |
07-Mar-2021 09:59
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From the chat posts, I can see most people LOAD enough liao so all now Positive! I like that. | ||||
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mrwise
Supreme |
07-Mar-2021 09:31
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Likely to boost up and with the edge report, it has alerted more buyers and should reach higher peak again....should reach 0.08 and higher by April this year.
I also think many good news are coming very soon besides the roval from the watch list... This is a diamond counter...
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ButhuAlex
Member |
07-Mar-2021 07:44
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Thanks for sharing..
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ckmpd1
Supreme |
07-Mar-2021 07:07
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US Senate passes US$1.9Trillion relief funding. This shoould boost the equity market tmrw.
Will Oceanus reach 5 series this week?
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COVID-21
Member |
06-Mar-2021 23:58
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Rights Issues + Warrants ??!! Bro really ah ?!! got link ? GamSia :)
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mrwise
Supreme |
06-Mar-2021 23:55
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Oceanus may trend back towards $0.06 soon! Recent drop has allow more to buy at good prices... As i said before....it is a good counter...time to rise up again... |
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papayaface
Supreme |
06-Mar-2021 23:51
Yells: "This is the best time to enter....when everythings uncertain" |
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The updates should usually be provided in the coming audited accounts, which would be ready by mid April and perhaps the updates along with exit from watchlist would caapult the share price back to the 8 series. No doubt about it. Good luck
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if-only
Senior |
06-Mar-2021 23:08
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Oceanus awaits exit from watchlist and preps for food production ventures -The Edge Singapore Published on Fri, Mar 05, 2021 / 7:00 AM A decade ago, Oceanus, under a previous management team, was keeling over a disastrous near wipe-out of its abalone farming business in China. As the extent of the damage became apparent, one of its creditors, a local bank, appointed liquidators to get ready to wade in and take the company to the cleaners. Now, in a sign of how the tide has turned, Oceanus&rsquo CEO Peter Koh was recently invited to the same bank&rsquo s Lunar New Year celebration and stood next to the bank&rsquo s CEO for lo hei . Back in FY2013, the company was RMB444.6 million in the red. Staunching the bleeding and restructuring the debt took Koh the better part of the past six years. From having the by-now dubious honour of being one of the world&rsquo s largest abalone farmers, Oceanus has been steered by Koh into diversifying such that different parts of the company can help support one another. On Feb 26, the company announced FY2020 earnings of $8.6 million, a sharp swing from losses of $7.4 million recorded in the preceding year. Revenue in the same period surged 855% to $91.7 million. Looking back at the restructuring journey, Koh notes with no small measure of satisfaction that this milestone of achieving full-year profitability was something he has spent years slogging towards. Lets put it this way, how can we not know whats our destiny? We really have to get out of the watchlist and one basic criterion is that we need to be profitable,&rdquo says Koh in an interview with The Edge Singapore, referring to the status under which troubled mainboard-listed companies are classified. Koh recalls how when Oceanus acquired a media production business amid the longdrawn turnaround, the decision was not well received. A major brokerage took the view that Oceanus was merely grasping at any business it could get its hands on just to stay in business, and curbed the buying of Oceanus shares. Three months ago, a senior staff from the brokerage came by. My boss asked me to get to know a bit more about your company, Koh recalls his visitor saying. Landlord, not farmers To be sure, the FY2020 earnings were lifted by a couple of one-off items. For example, there was $1.5 million from the proceeds from the sale of a property in China that was made before Koh took over but which was bogged down for years. There was also a favourable foreign exchange gain of $3.5 million, and some lift from the blanket government wage support to all Singapore employees. The headline numbers only tell half the story. Oceanus had already changed its abalone business model in the last couple of years. It used to run the farms itself and grow the abalones from juveniles &mdash an undertaking that takes up to three years or more. Oceanus now operates like a landlord instead. It leases the tanks to other abalone farmers to use for a three-year period at a rate of RMB1,800 ($370) per year. It also helped undertake some contract farming operations. Last year, Oceanus generated revenue of some $4 million from this business, while bearing minimal operational risks. The bulk of Oceanus turnover for FY2020, of $84.7 million, was from its relatively new regional distribution business which is a joint venture with a Chinese partner, Season Hong. In the preceding year, turnover from distribution was just $6.5 million. If Koh can have his way, there is a lot more room to grow, as Oceanus expands its distribution network of both suppliers and customers. He believes that being a Singapore company with a distribution joint venture in China puts Oceanus in a very good stead. The regional heads of multinational FMCG companies &mdash companies eyeing ways to reach the more than one billion Chinese consumers &mdash have a big job title but they are still employees, end of the day. As such, their biggest priority is not to have any nasty surprises popping up on them. You guys have the transparency and governance, while at the same time, the distribution into China will give me my numbers, he reasons, referring to the inherent credibility of being a Singapore company. The market has presumably gotten wind of Oceanus markedly different prospects. From being what was a persistently a micro-penny stock for years, Oceanus shares have enjoyed a tremendous surge in market interest in recent months, often hitting top volume day in, day out. When former cabinet minister Dr Yaacob Ibrahim joined Oceanus board last September as one of the new independent directors, trading interest went up even higher. The spike in trading volume came in conjunction with higher volatility. On Feb 23, it hit a high of 7.8 cents but on March 3, it crashed by around half to as low as 3.6 cents. It closed on March 4 at 4.3 cents. The drastic movements triggered a query from the Singapore Exchange on the morning of March 3. As previously announced, the company continues to make efforts to grow its business. At present, the company is not aware of any information not previously announced concerning the company, its subsidiaries or associated companies which, if known, might explain the trading, Oceanus responded less than two hours later. Telsa of FoodTech Is the run in the share price justified? Koh declined to comment, but he has both big plans and a clear idea of how he wants to grow Oceanus. He characterised the time he spent as CEO of the company into three distinct phases: clean up, build up, and, from this year onwards, tech-up &mdash aiming to be the Tesla of FoodTech and tapping new technologies to change the food industry at both production and distribution levels. Last year, while the pandemic caused many companies to struggle, it had a different impact on Oceanus &mdash the supply chain disruptions jolted countries and even individual cities to pay a lot more attention to their food security. To this end, Koh aims to set up a series of Oceanus Food Tech Hubs across the region. The Company, over the years, has developed ties with researchers from various universities and polytechnics to create newer and more efficient and innovative ways of farming. The hubs will be where the new techniques are put to paces on a commercial scale. Koh says he will not be taking sole ownership of these hubs or committing significant capital expenditure to build and run these food hubs on his own. Rather, he will make it a point to partner with local governments or related local parties. Koh sees himself like Hyatt, managing a chain of hotels &mdash but instead of receiving a management fee, Oceanus will own minority stakes in the various hubs. This concept was already something Koh had in mind back in 2017, he says, but the priority then was to restructure the company. As such, the pandemic has, in a way, accelerated the rolling out of this concept. Koh adds there are talks with various potential parties but he is careful not to overstretch. For now, Oceanus has announced two such hubs. One is on China&rsquo s Hainan Island, with partner Hainan Raffles Group. The other is here in Singapore at Tuas, in partnership with Universal Aquaculture, where operations can start in the middle of the year. Koh did not share projections of capex for now as he prefers to have firmer plans on the scale and scope of the different projects before sharing. We are still deliberating on the numbers. We want to be more definite, he says. He believes that high tech farming &mdash even in countries with supposedly huge tracts of land &mdash will be a growing trend, even though it is not apparent now. For example, in China, as the pace of industrialisation and commercialisation continues growing steadily, choice plots now used for farming are being steadily reduced. The produce from the various hubs will then be distributed through the networks run by Oceanus and its partners. Koh plans to introduce key high-tech features into the platform that traditional players cannot be bothered with. For example, the produce will be tacked to a blockchain network so that there can be full traceability throughout the supply chain. Koh envisions Oceanus to be the new model of how the food business should be run: combining both the production and distribution networks in one self-reinforcing loop. While Oceanus is focused on seafood, there is nothing stopping it from expanding into the production and distribution of other produce, he reasons. Oceanus pedigree Realistically, earnings from the nascent food production business will only be booked starting from FY2022. With the gap in the meantime and various projects in the pipeline, it is not too far-fetched to suggest that Oceanus might need to tap shareholders for additional capital. We will definitely be looking into that, says Koh readily, although there is nothing firmed up for now. Incidentally, Koh is not planning to exit the abalone related business entirely. He jokes that he was partly goaded by how well the other major abalone brands of Singapore, New Moon and Skylight are doing. They do not own actual abalone farms but are able to own entire buildings. In contrast, Oceanus at one point was one of the largest abalone producers in the world but it didn&rsquo t have a corporate HQ in a building it owns &mdash at least for now. Nevertheless, at the rate how the other businesses are growing, the abalone business might become an increasingly insignificant part of the entire company. Even so, Koh is making sure Oceanus remains a name associated with this product. He explains that abalone is Oceanus pedigree, and given how other producers in China want to license Oceanus brand name to sell their own products, this is a brand name that has accumulated a certain level of cachet. We started off with abalone, and we dont want to lose that. And this pedigree is not losing money, he says. Indeed, Oceanus, under Koh, has undergone one of the more drastic changes among Singapore-listed companies. For many that have undergone similar restructuring, a common way to mark the new chapter is to change the company name. Koh will not entertain this thought. The business of Oceanus has changed, but the name Oceanus is to stay. We want to show how we&rsquo ve truly turned around from where we were, he says. |
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happyharvest
Elite |
06-Mar-2021 22:30
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now is 2021. if it is already in construction, they would already announce. My guess is it has not started construction yet .. maybe pending approval
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DexterT
Veteran |
06-Mar-2021 22:03
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In the article posted, it is said to be a 5 years project. Oceanus signed MOU with 2 other parties backed in 2018. My guess is they will give more information in year 2022 - 2023 on their Aquapolis Project. All we can do is to wait for any updates from Oceanus on this.
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Entropy72
Master |
06-Mar-2021 22:02
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If this HBRS is patented (or at least patent pending), it would show company is serious about its technology.
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gregtan123
Supreme |
06-Mar-2021 21:53
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More On OCEANUS TECH Hybrid Biological Recirculation System (&ldquo HBRS&rdquo ) Universal Aquaculture' s HBRS is a quantum leap in water treatment engineering. This innovative system fuses a sophisticated mechanical and biological system together, producing the best water quality possible for aquaculture. A traditional Recirculation Aquaculture System (&ldquo RAS&rdquo ) uses more mechanical filtration that consumes a lot of power while a pure biological system (&ldquo Biofloc&rdquo ) relies mainly on biological filtration with very minimal mechanical filtration. Universal Aquaculture' s HBRS is a reinvention using important components from both systems that are well-suited for aquaculture applications. The HBRS system consumes a much lower level of energy by using a combination of specially selected microbes to enhance the biological filtration, thereby also facilitating a zero water change and a significant reduction of Feed Conversion Ratio (&ldquo FCR&rdquo ). The POD technology uses HBRS to treat its water, which allows stocking in high density and also polyculture1 within the same system. This technology consists of multi-layered tanks designed specially for a range of species of shrimps and certain fishes including seabass, tilapia and Jade Perch. With the HBRS POD technology, the harvesting rate can be increased to daily if required. And when the HBRS PODs are arranged into the HBRS MATRIX, this is converted into one of the highest density and productivity farms in the world. |
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Entropy72
Master |
06-Mar-2021 21:51
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Looks promising with a competent and visionary CEO at the helm.
Risks are (1) CEO is already in mid-50s and only key man (2) company already hinted on placement of new shares to fund expansion so that could be the reason for recent price escalation to derive "high average price" for placement. |
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happyharvest
Elite |
06-Mar-2021 21:46
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When is their aqiapolis city ready? | ||||
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gregtan123
Supreme |
06-Mar-2021 21:30
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that means u r valuing at 0.006 cents, if so, can we take a wager? u say 0.006 i say 0.10 at least? deal? see who closer
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ckmpd1
Supreme |
06-Mar-2021 21:18
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Maybe, maybe not. Each of us have to do our own calculations
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ckmpd1
Supreme |
06-Mar-2021 21:12
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 i agree 40c is possible in 2023 or 2024. based on that, i wont sell oceanus at 10c in end 2021 or early 2022. i rather hold on until 2023/24
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