Posted by Zai Zai > 2017-03-07 22:02 | Report Abuse

yeah

Posted by stockmanmy > 2017-03-07 22:44 | Report Abuse

1. Some are concern about RM285m of trade receivables. Please get clarifications from management. Management say it is normal practise in this industry. Please don't take my word for it. FY2015 Annul Reports said about half is from telco operators.

- too high

Posted by sosfinance > 2017-03-08 09:54 | Report Abuse

About 4 years to expiry, Dec 2020

Posted by sosfinance > 2017-03-08 10:03 | Report Abuse

1) Normally warrants traded at a premium, and this will deter investors to convert (lose money) prior expiry, in practice.
2) Do not understand your question on 95.2%, as I did not make that statement. Where did you get that statement?
3) Ignore the code.

Posted by sosfinance > 2017-03-08 13:11 | Report Abuse

@Hippo 2) The MD/Aliran - do not hold any warrants in the Top 30 warrant holders. Don't take the forecast too seriously. Normally this assumption is not practical. Even to exercise half the warrant you need to have RM90m. Lets take a look in 2016 Annual Report who is the Top 30 warrant holders.

I try not to focus too many stocks. Ideally is 5, but at the moment, I only have 2. Will slowly diversify. The other is Bornoil - mainly keen on the GOLD for medium term. Still need more detail to have more certainty. I prefer one or two great ideas a year. This is personal preference.

Posted by allantham > 2017-03-08 14:02 | Report Abuse

SOS....Myanmar is having a civil war currently. Do you think that it will pose a direct impacts and affects the business and expansion of OCK in the country?

Posted by sosfinance > 2017-03-08 21:31 | Report Abuse

Based on closing of 8.3.17, warrants premium is 11.42% @ 26.5 sen (mother is 87.5sen/exercise price is 71 sen). Last one year, premium is around 14-15%. It is an opportunity.

Posted by sosfinance > 2017-03-12 08:18 | Report Abuse

27 Feb 2017 UOB KayHian - Growth in Southeast Asia to drive three year earnings CAGR of 17%. Key rerating catalysts: 1) Additional 2,000 sites to be awarded in near term 2) additional tenant for existing tower assets

FY16 Core Profits RM30m. FY16-FY19 CAGR = FY16 CAGR of 17% FY19 = RM48m. Rerating to say RM1.34, OCK warrants will attain about 63sen.

Posted by ez6699 > 2017-03-12 11:59 | Report Abuse

I think CAGR of 17% is the conservative figure based on a tenancy ratio of 1.0x. What is the chances it will remain at 1.0x for the next 3 years?

The group is well positioned to increase Myanmar tenancy ratio with additional tenants.The towers are designed for a maximum of three tenants. Thereafter, minor upgrading works are required for additional tenants.The scalability of OCK’s Myanmar towers could further lift our base-case earnings projection by 21% and 38% in 2017 and 2018 respectively (assuming higher tenancy ratio of 1.2x, from base case of 1x). This translates into blue-sky 3-year earnings CAGR of 31% (versus base case of 17%).

Posted by Jon Choivo > 2018-02-20 22:42 | Report Abuse

Ok, im interested.

What's stopping a competitor from undercutting OCK and building towers and leasing them cheaper? Is OCK the cost leader? or quality leader, in which case, stability is more important than price.

What moat do they have? How is the margin compression, or is it due to initial depreciation cost?