OHM Share Price Rebound May Hold On World Cup Fever
Oasis Home Malaysia rebounded from the support zone. In view of the recent rebound, M+ Global Research in its research note believes the share price could extend the buying support towards next target resistance along RM0.36- 0.37 as the MACD has climbed nearer towards the zero level. However, the support zone will be envisaged along RM0.285-0.30, while any breakdown below this level would invalidate the setup.
Appointed as the exclusive online distributor for FIFA World Cup 2026 merchandise. This appointment enables Malaysian fans to purchase authentic FIFA merchandise, complete with official holograms and serial numbers, through OHM’s online platforms, including TikTok Shop and its official website. The exclusivity is expected to contribute positively to OHM’s revenue growth over the next few quarters.
Strategic Joint Ventures in Wellness Segment. OHM has been actively forming joint ventures to expand into the fast-growing wellness market by partner with CTG JV Malaysia to market and sell wellness products via omni-channel and live commerce platforms.
Another JV that opens up the Singapore market. Oasis Home Holding Bhd has partnered with SGGMY Services Pte Ltd to establish a Singaporean joint venture, Oasis Alliance (S) Pte Ltd. Holding a 60% stake, Oasis Home aims to expand its wellness products through TikTok, livestreaming, and e-commerce channels.
