up_up_up: If i'm not mistaken so far I noticed there's only two companies awared previously which is OCK and Redtone but still not the full 400 towers are awarded yet, may be there's a delay even for the first phase.
600 towers story “In the second quarter of this year, the MCMC will award the contract for 600 towers to be built in rural areas."
“The contract for the first 400 towers came up to around RM900 million (US$252 million). The next phase will cost more than RM1.3 billion (US$360 million)"- a Member of Parliament of Malaysia
Cool (copy-paste for easy/quick view) from above Star paper link
Stock pick: OCK Group Bhd
OCK is one of the gems in the mid-to-small-cap universe. Although small, OCK offers huge growth potential. The main gist of it is its plan to develop a recurring income business model, riding on the shift in focus by telco operators from capital expenditure (capex) on non-core competencies such as network infrastructure to operating expenditure in order to streamline their cashflow.
At present, OCK owns and leases 240 transmission sites to U-Mobile, P1 and Celcom, and that will provide earnings visibility for at least the next 10 years. Presently, there are about 23,000 telco sites nationwide; hence, there is latent potential for OCK to acquire and lease them back to telco operators. Recently, OCK also managed to grab a small pie of the T3 extension projects (30 out of 400 sites) for rural tower construction.
Although small, we see the win potentially opening up more doors for OCK to secure similar contracts, moving forward. It is also growing into tower managed services where it maintains 4,000 sites for Maxis, which would provide relatively regular income. With telco operators having completed most of the 3G coverage, these players have since moved into the 4G long-term evolution or LTE space, where they plan to roll out more than 5,000 4G sites collectively. This definitely offers huge business opportunity for OCK.
We also like OCK for its stout growth regionally, namely in Cambodia (800km fibre optic cable-laying), Indonesia and recently, Myanmar. Its biggest move into regional territory was the acquisition of a 85% stake in PT Mulia, an Indonesian tower maintenance company which is currently maintaining about 7,500 sites and is targeting to increase this to 20,000 sites within the next three years. This alone will raise financial year 2015 (FY15) earnings by 15% on top of enjoying recurring cash flow.
ang heah, musang king, XO, D24, semua pun ada, still growing the tree.... planted oredi... now awaiting harvest.... hehehe... cannot eat too much though..heaty... lol
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....
genesis81
348 posts
Posted by genesis81 > 2014-12-24 10:35 | Report Abuse
Haha. U will go broke if keep averaging. Anyway, now is hit and run season. Cant keep for long time until crude pruce stabilize