Not yet... mayb tmr.. actually only 7.5% of new share issued for this round of PP. Most likely due to very little discount given by management (which is good for existing shareholder)
the towers for OCK is in Yangon region which is at the southern part of Myanmar, the earthquake happened at Bagan old capital on the north... shouldn't have any major impact on OCK towers.
Minimal impact, because only commenced construction of 50 towers out of 920 towers to be constructed. Price shake make it cheaper and attractive to enter.
The total revenue of RM114.0 million recorded for the current quarter was higher as compared to the revenue recorded for in the preceding quarter of RM78.4 million mainly due to higher revenue contribution from Telecommunication Network Services as telecommunication operators award more works, in-line with their networks rollout plans. In addition, there were also higher contribution from M&E Engineering Services in the current quarter, due to higher delivery of engineering works on the existing projects. Consequently, the higher Group revenue in this quarter resulted in a higher Group PBT of RM9.4 million in the current quarter as compared to the preceding quarter of RM5.7 million.
Major telecommunications companies (“Telcos”) have been investing in upgrading their equipment and infrastructures to accommodate the growth in data by expanding their LTE coverage in Malaysia. The Group is expected to benefit from the increase projects coming out from the networks expansion undertaken by these Telcos.
The Group aims to grow its recurring revenue business via own-build and acquiring existing tower sites operators in ASEAN. This can be achieved is by leveraging on the Group established presence in ASEAN and its vast experiences in building telecommunication infrastructures such as tower sites and maintenance of telecommunication infrastructure.
The own-build business model are based on building, owning and leasing back the tower sites to telecommunication operators over a long-term period. In-line with this, the Group has commenced works for the rollout of 920 telecommunication towers in Myanmar for Telenor in the current financial year.
Apart from focusing on the Group’s telecommunication business, the Group is also sourcing for more business and/or investment opportunities in the sustainable energy sector that is rapidly growing in demand. Sustainable Energy Development Malaysia (“SEDA”) releases quotas for solar energy under the Feed in Tariff (“FiT’) programme annually. Based on the current industry outlook and our plans as indicated above and given that there is no unforeseen circumstances, the Board of Directors is of the opinion that the business and performance of the group are expected to remain positive for the FYE 31 December 2016
Borrowing stars to cause Low profit margin. Need more more revenue to sustain. Anything delay in Myanmar or jerk in Vietnam, share price will go South. 0.72 is possible.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
funda
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Posted by funda > 2016-08-22 14:45 | Report Abuse
Most likely end of the week.