Just hate the fact that I made a huge mistake investing in ock earlier. If all my funds channel with bitc and ether would've been super huat. Nowadays stock market quite shit
kenanga & melacca securities write up same time.. fund manager want to have a better end of year accounting value ka... I still hold since IPO.. Cheers.
talking about Crypto, high risk high gain lo... got 300% for iota and it is okay play for amount you afford to lose 100%.. OCK still my bread & butter.
Cut loss half of my wa holdings in Oct to buy bitcoin. Turned out to be the best investment in my life. Cashed out bitcoin recently and switched to ethereum. Now thinking whether I shd sell all my ock wa at 30% loss to buy ethe
some shit does look like gold, some gold though intentionally cover with shit, looks like shit and at time smell like shit but still gold intrinsically...
Nestle earning is stable and predictable... PE is 42 times..
OCK earning not only is stable and predictable. but would be growing for a long long time to come.. especially via the leasing of their close to 2,900 towers in the exciting growth countries of Mymmar and Vietnam....
it is a viable business with earning visibility and exciting growth pot..entials
Just keep your Musangking Trees and watch it bearing fruits patiently....
Quote Warren Buffet:
" Investment should be like watching paint dry or watching grass grow."
We, just watching Musangking Trees bearing fruits loh...
@ez6699 - i like your comment above. LOL tq for putting a smile on my face.
@uptrending, yes. i am awaiting patiently as usual... for my musang king.... kan pokok durian takes 5 to 6 years to grow and bear fruit.. i've been waitng since 2014/2015. so 2020 is about right.. ..
OCK from smallest portion at my investment portfolio, become my biggest portion of investment... I have full confident OCK will eventually make yearly 20-30% return in next few years we should notice OCK have 4years consecutive y to y increase in revenue, the profit growth is stable, since OCK from Cash company become Debt company, profit drop due to Financial Cost is alright i guess, but i believe the growth rate is much higher than those cost, OCK Boleh Dan Tetap Boleh !
THE PURCHASE PRICE OF SEATH IS REASONABLE AS ANNOUNCED ON 4TH AUG 2016, EXTRACT AS APPENDED BELOW... SO THE BORROWINGS IS NOT A PROBLEM. WITH STRENGTENING RM, THE BORROWING IN USD OF RM285 MIL, THERE WILL DE FOREX TRANSLATION GAIN IN Y[THE COMING 4Q.
FYE 31 December 2015 For the FYE 31 December 2015, SEATH Group's revenue increased by approximately USD0.11 million, representing approximately 0.92% to USD12.00 million as compared to the FYE 31 December 2014, mainly due to the addition of secondary tenants on its BTS towers. Notwithstanding the increase in revenue, the PBT had decreased by approximately USD0.16 million, representing approximately 7.0% to USD2.19 million in the FYE 31 December 2015, as compared to the FYE 31 December 2014 mainly attributable to the increase in maintenance expenses on the BTS towers particularly on the repairs and upgrade of BTS towers. 2.2 Basis and justifications of determining the indicative Purchase Consideration The indicative Purchase Consideration, which is subject to adjustments as set out in Section 2.8(ii) of this announcement, was arrived at on a willing-buyer willing-seller basis, based on the proforma unaudited NA of SEATH Group as at 31 December 2015 of USD27.96 million (equivalent to approximately RM114.01 million). In addition to the above, the Board, in arriving at the indicative Purchase Consideration, has taken into consideration the following factors:- i. The proforma unaudited earnings before interest, taxation, depreciation and amortisation ("EBITDA") of SEATH Group for the FYE 31 December 2015 of USD5.89 million (equivalent to approximately RM24.04 million); ii. The future earnings potential of SEATH Group given the steady stream of income to be derived based on the long term contracts secured by SEATH Group for the lease of its BTS towers which range from 5 to 10 years as set out in Section 4.2 of this announcement. For the FYE 31 December 2015, SEATH Group recorded a proforma unaudited PAT of USD1.82 million (equivalent to approximately RM7.44 million); and iii. The positive outlook of the Vietnamese telecommunication industry in relation to SEATH Group's BTS Business as set out in Section 4.1 of this announcement. Further, the indicative Purchase Consideration represents the following multiples:- i. An enterprise value ("EV") to EBITDA multiple of approximately 7.98 times based on the EV of USD47.00 million (equivalent to approximately RM191.62 million) derived from the indicative Purchase Consideration net of cash and cash equivalents as well as the EBITDA of USD5.89 million (equivalent to approximately RM24.00 million) of SEATH Group for the FYE 31 December 2015. For the avoidance of doubt, the borrowings and non-controlling interests have been excluded in deriving at the EV as the borrowings shall be fully discharged and the non-controlling equity interests shall be fully transferred within the SEATH Group prior to completion of the SPA; and ii. A price to book multiple of approximately 1.79 times based on the proforma unaudited NA of SEATH Group for the FYE 31 December 2015 of USD27.96 million (equivalent to approximately RM114.01 million).
who leave the boat now will miss the biggest gain on OCK... cux the coming quarter usually is 50% above profit delivery quarter, i assume the coming quarter profit is 14m, PE x30 i feel the price able to stood at RM1.15
@uptrending, just sharing Almost half of their BTS do not have proper permit, which mean that are illegal build. But can not blame to OCK because last time it do not have the regulation, and now there are working on it and progress so far so good.
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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....
michael_lee
286 posts
Posted by michael_lee > 2017-12-06 14:27 | Report Abuse
Don't waste yr time and money supporting ock d. Invest in bitcoin and ether better