does OCK ready for 5G small cell? giant 4G tower though not going to die but might be growing as well. 5G cell can be on lamp poles in smaller size. any sign ock moving that direction.
OCK's towers segment is already worth >RM1.0b, about 2 times of current market capitalisation (based on a conservative single digit EBITDA multiple and is growing). (Ekovest is traded at 67 sen is about one third of SOTP of UOB KayHian).
That is ignoring the contracting and servicing segment (like Ekovest Duke 1&2, already 1.2 times the current market cap, excluding construction and property segments).
Towerco segment growth is interesting. Tenancy ratio grows from 1.0x to 1.42x in 2 years, and still have room to grow for Myanmar towers. Accumulate OCK WA @ 9.5 sen.
Technically, it already breaks its support of 0.540. TA wise, it will find next support of 0.415. The operators already sold their Wa. No more support for ock mother.
OCK is on down trend possible to retest 0.400 in the futures simply because OCK didt not able to gain project from 5G they didt not mention 5G on quarter result or annual report
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nckcm
2,726 posts
Posted by nckcm > 2019-04-15 17:15 | Report Abuse
Apa lu cakap , u see 1 year chart