Commodity/Industrial sector globally (US, Europe and Asia) surged on hope of higher stimulus and expected huge infrastructure spending after Democrats won the Senate control. In Europe, construction/material/commodity stocks were the top gainers.
While all the other shares are surging, OMH seems to be still stuck in 60cts range (this is 60% drop from its all time high!!!).
Although OMH is now in the commodity/industrial sector that is highly touted to be benefiting from the next phase of growth in 2021/22, there is still very little publicity on the counter, which is such a laggard and grossly undervalued.
Hopefully the Bursa listing should help to bring in a lot more IR publicity that the company sorely needs.
It took the share price to move from 20cts to $1.70 (800% jump) within 1 year back in mid 2017 to 2018. I am hopeful the share price will surge in 1Q2021 as the result starts to show up with the latest price surge for the Ferroalloy segment.
OMH Price at posting:
61.5¢ Sentiment: Buy Disclosure: Held
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