Despite all the global stock markets hitting all time high and...

Despite all the global stock markets hitting all time high and the positive sentiments in the commodity/industrial material space, omh is still way way below its all time high of $1.70+ (76% drop). also if you follow Rocket's posting today, FeSi and MnSi are bounding back very strongly, but the stock continued to reflect the gloom and doom scenario of the crisis period. Based on the current alloy prices, which is somewhat close to 2018 prices, where omh recorded $160m profit, the stock is currently trading at only 2-3 times forward PE. OMH is a very likely target for takeover and a good one too at this price. Like I said before, if you maintain a low price/low valuation strategy, you are potential target for takeover. However, if you are able to maintain a high price/high valuation, you become the acquirer to take over other companies at times like this. it all boils down whether the management is capable enough to institute the right strategy for the company/shareholders benefit.

How is this possible in bull market raging globally? This can only boil down to the poor liquidity which makes the stock price easily 'manipulated' for certain objective. For those who has been monitoring the stock movement, The current stock trading patterns points towards some forces pinning down the share price deliberately to achieve a certain outcome. Also, to be able to hold the price by dumping 5-6m shares at rock bottom level in an upswing market, it gotta be someone with significant existing stock holding and strong financial means. It will be interesting to see how this will pan out over the next few weeks.
Investors getting in now has not much downside given the upswing in both the stock sentiment and alloy prices. in fact, if there is really a takeover, there will be significant premium and likely price war ( with potential upside of 50-100%). Even if this doesn't happen, the Bursa listing should offer a significant market re rating and you could be even see $2-3 ( if you compared to Press Metal of 60x PE).