A headwind to OCK with military staged a coup and declared state of emergency today. In Myanmar, OCK owns over 900 towers (almost 1/4 of its total towers). The group has more than 500 telco sites outstanding in its order book. OCK could face delays in completing its towers in the pipeline and possible collection issues, amidst the state of emergency
Question is will Myanmar army gov, follow t&c sign ? will they pay ? will day disturb the telco business there? Now they already stop all FB, whatapps and others sosial communication. There are too uncertain factor . Better watch before invest. I will wait till RSI hit oversold.
Development in Myanmar definitely a big concern. Worst to come is when international community impose sanctions. Remittances to overseas will be a issue then .
Keyman188 just realized OCK also involving Green Energy business...
"As our businesses expand, OCK Group has ventured into Green Energy and Power Solutions, an imminent and a rapidly increasing industry in Malaysia. Concurrently, we are active in the construction of solar farms as well as supplying power generation equipment for commercial, retail and factory buildings, and inclusive of installation, commissioning and testing services."
"OCK recognises the need to build a sustainable green economy through generating clean energy and supporting the national electricity utility grid in Malaysia.
By leveraging on our expertise as an EPC, OCK builds, owns and partners with license owners to own a total of 10 solar farms with the aggregate power production of more than 5.9MW to date.
To further promote the practice of green energy, OCK also offers innovative partnerships to license holders in need of support to construct solar farms on rooftops or ground level."
Keyman188, we cannot buy base on EPF acquired OCK share. If that so , Look at Dialog, EPF acquired almost 10% from Jan21 till feb21,then we should jump into Dialog. Chart wise, not bullish more off downtrend with resistance level at 40sen. I would pick up at 40sen than buy in at current level. Myanmar still in a chaos while jendela on started. Better wait and see then sorry.
Market pe around 20 Industry pe around 30 But this company pe around 15-16 By calculate current eps using market pe its share price should around 51-52sen.. stable profit considers undervalue Need some push factor good news to break resist 0445/0470.. waiting to c its next qr..
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....
Bgt 9963
7,445 posts
Posted by Bgt 9963 > 2021-01-15 16:37 | Report Abuse
The legs are weak...no power to run...!