PublicInvest Research

TECHNICAL BUY: OCK (0172)

PublicInvest
Publish date: Mon, 04 Nov 2024, 05:18 PM
PublicInvest
0 11,357
An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Technical chart: OCK

Key Technical Analysis
Last closing price: RM0.475
Support Level Share Price Resistance Level Share Price
1st Support 0.460 1st Resistance 0.500
2nd Support 0.435 2nd Resistance 0.520
3rd Support 0.415 3rd Resistance 0.535

Description

OCK is a leading telecommunications network solutions provider in Malaysia.

Fundamentals

The Group is expanding beyond telecommunications to include renewable energy, data centers, and digital solutions to capture new market trends.

Key Financial Data
Growth / Ratio FY21 FY22 FY23
Revenue growth (%) 3.10 26.41 17.12
Normalised net income growth (%) 0.95 27.35 15.85
Return on equity (%) 4.48 5.30 5.42
Return on asset (%) 1.77 2.10 2.00
Price earnings ratio (x) 19.09 13.34 12.57
Price to book ratio (x) 0.81 0.68 0.65
Debt to equity ratio (%) 89.48 105.03 126.97

Source: PublicInvest Research - 4 Nov 2024

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