There have been many rattling about how high Oceanus Group (SGX:579) share price has shot up and came tumbling down aka. Pump and Dump. I see that its pretty important to look at Oceanus on a fundamental level to inject some calm or sanity into the market. Here goes: Oceanus Quick Background I extracted the below from the UOB Kay Hian analyst report and also bold-ed the juicy parts. Oceanus Group started as an abalone producer. In 2014, Oceanus experienced financial difficulties due to poor management and industry challenges. Current CEO Peter Koh was a shareholder before he joined Oceanus at end-14. Peter has driven a strong turnaround as promised by growing revenue significantly, and he now aims to take Oceanus to a higher level with his wide business connection and management track record. The key initiatives undertaken by Peter include:

• cost cutting in Dec 14;
• clean-up operations in 2016; and

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