Latest Forum Topics /
Oceanus
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Oceanus major business model restructure
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Mk8080
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26-Feb-2021 15:57
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If can hold 71 is consider good already...
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teklim
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26-Feb-2021 15:51
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and maybe you are right, I may just delete it. 
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AwakenTide
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26-Feb-2021 15:49
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Today Oceanus won' t climb, drop 1st before news. If climb then SGX sends query again. Hope Monday is good to move up. | ||||
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teklim
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26-Feb-2021 15:48
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He ever mentioned these 2 points in past AGM as well, I remembered it was about 2017 or 2018 (I think is 2018 after the restructuring, maybe not point 1, maybe only the possible consolidation), however, it is the intention/promise, not a fact that " have to be fulfilled by a certain date" . In my opinion, this not consider so-called " insider information" . 
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bornloser
Senior |
26-Feb-2021 15:24
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Try not to disclose the two points.
Both are not officially confirmed.
Appreciate your good intentions.
Let retailers and BBs decide.
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bicboi
Veteran |
26-Feb-2021 14:59
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My prediction still stands, " buy the rumour, sell the news" . Correction after earnings but its normal, longed since 2x series in november. But if Oceanus reaches oversold territory I will load up again, not worried too much. Just want to see the 4Q results in comparison to 3Q, and the projection ahead along with any new developments for the future.
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DexterT
Veteran |
26-Feb-2021 14:35
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If you ask me, I strongly feel Oceanus would not report losses but instead high revenue and profits for their Q4 2020. This is based on their financial statements over the years since 2018. The question on whether it will drop like Jiutian Chemical, my answer is no. I believe most investor here are investing based on Oceanus future and their potential to grow. There are way several reasons why this will be a winner. It may or may not gap down based on the results, I cannot control those who wants to take profits after the news. I will definitely buy the dip if it goes lower.
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DexterT
Veteran |
26-Feb-2021 14:28
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Oceanus no longer required to announce its financial statements on a quarterly basis based on the report that you quoted. To those who do not know, if a company has to report their financial statements on a quarterly basis, it means that the company is associate with  higher risk. SGX Regco previous regime was to have companies with a market value of more than $75 million to issue quarterly results, but this accounted for approximately 70% of SGX-listed companies. Thus, as of 7th February 2020, a new risk-based approach for quarterly reporting regime was created.  Link:  https://www.mondaq.com/securities/907512/changes-to-the-quarterly-reporting-framework-for-sgx-listed-companies Under this new approach, issuers must perform quarterly reporting if: (A) They have a modified audit opinion on their latest financial statements, (B) Their auditors have highlighted a material uncertainty relating to going concerns based on their latest financial statements and/or (C) SGX has regulatory concerns about them. SGX Regco issued the list of issuers required to do quarterly reporting as at 31st January 2021 is listed in the link below. Link:  https://www.sgx.com/regulation/quarterly-reporting Therefore, Oceanus is not needed to do quarterly reporting as of 2021, and this shows Oceanus is doing something right based on my own opinion.
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positivity88
Veteran |
26-Feb-2021 14:19
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just an observation. do u think this will be like jiutian? due to losses no dividends which i guess most people have already expected no dividends. will the BB gap it down to make people sell on news?  today last day to decide. i myself am out but would just like to hear what the community thinks | ||||
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KenLee
Member |
26-Feb-2021 13:19
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I believe that announcement is for result from 2021 onwards. they did mentioned that for Full year result of 2020 will be in Feb 21. that is what we are waiting. 
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ahlam86
Senior |
26-Feb-2021 13:16
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Result out today or mid year. Extracted from their old announcement. 2. CESSATION OF QUARTERLY REPORTING The Board also wishes to announce that following the amendments to Rule 705(2) of the Listing Manual of the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ), which took effect on 7 February 2020, the Company is no longer required to announce its financial statements on a quarterly basis (&ldquo Quarterly Reporting&rdquo ). Pursuant to Rule 705(3)(b) of the Listing Manual of the SGX-ST, the Board has, after due deliberation and taking into consideration the compliance costs, time and efforts required in connection with quarterly reporting, decided to release the financial statements of the Company and the Group on a half-yearly basis. In light of this, the Company will not be announcing its financial statements for the first quarter ending 31 March 2021 and will instead announce the subsequent financial statements for the half-year ending 30 June 2021.  |
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AwakenTide
Veteran |
26-Feb-2021 12:01
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Agreed, any dip to resistant is opportunity to accumulate by own means (suggested no contras or margins). The best for Oceanus is in the making now, will it be at this price when it has all the goals fulfilled in 3yrs or sooner? The answer is 100% NO since today will be history of better tomorrow.
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ckmpd1
Supreme |
26-Feb-2021 11:05
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StevenKan
Master |
26-Feb-2021 11:00
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Thanks for sharing.... let' s be positive and it will come... Hope everyone HUAT HUAT HUAT!!!
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ckmpd1
Supreme |
26-Feb-2021 10:57
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Being puzzled is part of share trading.  Nothing is certain.  We share our opinions.  Each one has to do his own due diligence
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StevenKan
Master |
26-Feb-2021 10:53
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Ahahaha... I really puzzle now.... as you said... market is uncertain. It can go either way... But u guys might be more expert than me... share share your thinking...
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mondaybluesy
Senior |
26-Feb-2021 10:51
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It might. But the difference is that whether Oceanus exits SGX watchlist and is able to attract big institution money depends on this earnings results release.  A good earnings opens the floodgates for more institutional interest. Thus, timing the market (i.e. buy on hype, sell on news) is difficult, as there is a good chance Oceanus flies upwards on good earnings compared to get sold on news. My strategy: hold to news, and buy more should it retrace.  Easy decision because I believe in the growth potential of Oceanus over the next 3 years.
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ckmpd1
Supreme |
26-Feb-2021 10:38
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StevenKan, Nothing is certain. Anything can happen in the share market.  But what do you think will happen to Oceanus' s price next week should results be good this evening?
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StevenKan
Master |
26-Feb-2021 10:34
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But... I am also wondering if it will happend like Jiutian...result good... but price tank.....
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ArthurAde
Member |
26-Feb-2021 10:28
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Thanks for Sharing! 👍 🏼
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