UOB Kay Hian upgraded OMH target price to equiv A$1.10, in the light of the 1H 2021 results and the robust alloy prices (FeSi up 100% yoy, at US$2,200) and (Mn alloy up 50% yoy at US$1,545). Also the alloy sales are also being committed for Dec and profits for 2H2021 are already being lock-in at this high alloy prices. We should see profits in excess of A$100m for FYE 2021.
Once the Malaysia investors start to get warm up to OMH, the short seller in ASX will probably find it difficult to cover even at A$1. Tough deal.
UOB Kay Hian Upgraded Target Price to RM 3.45 (A$1.10)
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Last
47.0¢ |
Change
0.020(4.44%) |
Mkt cap ! $360.1M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 47.0¢ | 44.5¢ | $6.948K | 15.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 11740 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OMH (ASX) Chart |