ock has tower biz in maynmar. they got a contract to build 920 towers for telenor back in 2015 to be completed in 2016. well, until now i still not sure if all 920 towers has completed. worst ock never get another contract from telenor after that. in 2015 telenor has 4000 towers and at the end of 2019 they have close to 9000 towers almost completed total towers they planned to have in myanmar....so what's went wrong with ock in myanmar?? the ock management totally screwed up BIG time the golden opportunity to reach 3000+ towers....that's why i believe something wrong with ock myanmar operation.
This is what said by sam ooi back in 2015:
The signing ceremony between OCK and Telenor was held at Telenor Asia headquarters in Bangkok, with OCK being represented by OCK group managing director Sam Ooi and Telenor Myanmar Ltd chief financial officer Lars Erik Tellman.
Ooi said: “As a progressive company, we seek to expand our services regionally, and Myanmar’s mobile phone industry has shown tremendous growth in the past year. This calls for more telecommunications towers both to cater for coverage and also for capacity.
“For OCK, this is a golden opportunity for the group to be able to partner with a prestigious company, Telenor. We are looking forward working closely with Telenor as its long-term partner.”
Telenor has built more than 4,000 sites across Myanmar to date, and Tellman said it believed that it needed to build about 9,000 sites in order to deliver solid nationwide voice and data coverage.
aiya tell only la. i also know tell. long-term lo. you must have faith lo. To be honest, its long term strategy towards 5G is good la. because future trend but x boleh pakai is self go disposed the stock.
Ock is steadily growing company. 5g eventually will come. China already started giving out alot of 5G infrastructure project.... i guess OCK will benefit from 5g project if wave of 5G come. Time to collect low ... Trading volume is so low now. Mean the price almost bottom. TIme to collect low ...
not many people selling ...... the trading volume so low. i dont think the price will go down much any further from 0.4. if drop to 0.36 ... lose 10% if recover to 0.6 ... earn 50%. Judge yourself :)
haha .... we have strategy to buy stock ... buy in batches and diversified. To minimize the risk. The trading volume is so low .... its near bottom. NTA is 0.54 .... super mega sales now. :)
use NTA to buy? so so many stocks below NTA...good luck using that to buy...hahaha and for those using historical PE to buy, it looks attractive, u think this year earning going to sky rocket? try taking 30% discount... and see if the current price still attractive or not....
Its in bear market with poor mark sentiment ... of course the price is below NTA . Covid eventually will recover as like in china after 2-3 months. WHy worry? lose 10% - earn 50% ratio. Thats why buy in batches while monitoring the covid pandemic. What if the vaccine appear in the market out of sudden? hahaha .... that time only u go in and chase high?
The price is already obviously cheap .... no one can buy at the lowest point. Furthermore , now no short selling and force selling from margin account. Do u think it still can drop to previos low? lol ...
The full extent of the economic fallout is still unknown, and equity and credit markets still face considerable risks from earnings, downgrades and regulatory changes.
I m thinking the private placement 0.60 and who bought their warrants . like be GG . Lately these guys keep showing buy back . mcm hard to believe ni. Vaccine what la. how fast can produce oh? Mr. Trump still headache with NYC. I rasa sad la with this stock.
Radio silence on 5G. The shake up in the ruling coalition appears to have put the initial 5G timeline on hold. We previously anticipated developments on the formation of participating consortiums and bidding for the 3.5GHz to be by late-1Q20, but no further development has been made known. We believe that this may put some risks in the earmarked commercialisation of 5G by 3Q 2020. With regards to the NFCP, the new Minister of Communications and Multimedia, Datuk Saifuddin Abdullah commented that the previous RM21.6b budget will be maintained. However, the ongoing Covid-19 pandemic is likely to put any deployment of network facilities and infrastructure to a halt until further notice.
surprise, surprise...sam continue to sell another day...2 days sold close to 4mil and yet share can move higher interesting..someone is betting against him...to prove that he is dumb director? hahaha
"OCK will stand to benefit directly and indirectly from the NFCP roll out as NFCP prioritises the provision of sustainable digital infrastructure based on fibre optic networks but will also use Wireless technologies, so that it will allow more people to have access to Broadband services in Malaysia. OCK is well positioned with strong capabilities in providing the requirements for the planned NFCP infrastructure roll out. "
In company "Aliran Armada" point of view, you got to pay your staff, you got to pay rent, you had spend some spare cash to bought share from open market before MCO, but PM announce 1st phase MCO on 16032020, then 2nd phase MCO on 240302020. and now 3rd phase. After 24032020 you notice that the company need money to survive for at least another 4 weeks, so you got only 2 option either borrow from bank for working capital, or you will sell some holding? Company will always plan ahead. As I can tell you OCK will benefit a lot indirectly from NFCP, sooner or later you will know why I say so.
Which companies on Bursa have high cash and low debt KUALA LUMPUR: The second extension of the movement control order to contain the Covid-19 outbreak — now totalling six weeks until April 28 — means that economic activities will remain subdued for at least another 14 days. The pandemic, which has infected nearly two million and killed over 100,000 worldwide, presents the worst start possible for the recession expected ahead. As the infection curve has yet to near its peak, it is anyone’s guess on the depth of the economic downturn. Against this backdrop, survival is the prominent concern now. Investors’ attention is drawn to companies’ balance sheets instead of growth prospects, which is widely expected to be minimal in the best-case scenario, as business volume dwindles and operating cash flow shrink. Asia Analytica data shows that of some 880 listed companies (after excluding the 40 banks, insurers and investment trusts), 597 companies listed on Bursa Malaysia have cash that is less than their short-term liabilities. Companies in many different sectors are underlined here, from furniture companies to retailers, automotive-related firms, and a wide range of manufacturers and trading companies. Meanwhile, 223 listed companies have an interest cover ratio of below one times, meaning their earnings before interests and tax cannot cover interest expenses for a full year. The market capitalisation of most of these companies are below RM2 billion. Some 321 companies were already in the red last year. Of the 599 profitable ones, around 45.6% of them saw profit decline in the period. Again, most on the list are small-cap firms, according to Asia Analytica data. It is also worth noting that the economic downturn would be a tough test on companies’ sales quality. Companies with a high portion of credit sale with mounting receivables could be at risk amid the potential cash trap. A random check shows that 75 listed companies or 8.2% have net gearing of over 100%. Sectors with the most companies in this category are logistics, construction, oil and gas, building materials and property development. Others with net gearing of above 80% include power companies, telecommunications companies and building materials companies. Power producers’ liabilities are usually backed up by the steady cash flow from power purchase agreements. On the flip side, notable sectors with low net gearing average include Internet and gas utility companies, and technology solution providers. Of 79 generic companies with market capitalisation of above RM2 billion (ex-banks, real-estate investment trusts and insurers) only 22 have a cash ratio of above one times and net gearing of below 50%, led by Petronas Chemicals Group Bhd, Petronas Gas Bhd and IOI Corp Bhd. As reflected by the price-to-book valuations, preference is given for companies with high cash, low debt, steady recurring income and high-quality clients, such as tech companies, and broadband providers. There are also lesser-known small-cap companies that are cash-rich with sturdy past operations. As a fund manager pointed out that a downturn is a brewing pot for merger and acquisition activities, as smaller, cash-rich companies with good assets or business prospects usually become undervalued after the market selldown. The first quarter’s (1Q20) financial result will show how much cash was exhausted amid the two-week shutdown in the second half of March, while prospects of the entire half of 2Q20 being under movement restriction are still visible.
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Posted by OckBoy > 2020-03-27 20:05 | Report Abuse
How to related with our stock oh???? i sedih ni