OCK GROUP BERHAD
KLSE (MYR): OCK (0172)
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Last Price
0.575
Today's Change
-0.005 (0.86%)
Day's Change
0.575 - 0.59
Trading Volume
489,000
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
0.575
Avg Target Price
0.74
Upside/Downside
+0.165 (28.70%)Price Call
0
SELL
0
HOLD
20
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
18 people like this. Showing 50 of 10,811 comments
Hold first as OCK financials are predictable. The current concern is the tower business is dragging down the Return on capital employed/invested. This ratio will not improve unless they split the tower business and services. We cannot be sure when they will officially declares this to unlock its true potential. Certain IB might not be concern on ROCE ~3% as if you compare within the telco industry it is around this number. Anyway technicals/ price action /volume is looking pretty good. Most weak holders are selling as it is a bit boring . KLSE can be speculated by the IBs and we cannot be sure what is the next play but choose a good company , for mid/long term portfolio and swing trades those that are heavily speculative (that will take good sets of charting skills). Good luck , I am not throwing in the towel yet :)
2023-08-30 07:32
if u like Tower biz, buy Redtone not Ock.
Redtone PE 8x vs OCK PE 12x. And Redtone giving 2.5sen = 3.9% dividend
2023-08-30 07:45
There are 3 listed Tower biz companies in bursa: Redtone, Ock & Rohas
Redtone fundamentally superior to Ock & Rohas
2023-08-30 13:08
It seems the company management had mentioned on listing it tower business several years ago and had not materialize till now. How credible is this OCK management?
2023-09-08 10:36
The chart indicators definitely looked superb including company fundamental. Is just these few days seem weak
2023-09-08 11:39
What u say is like Maybank list it's banking biz. Doesn't make sense for Ock list it's tower biz
2023-09-08 11:46
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3384427
OCK Group Berhad ("OCK" or the" Issuer") is pleased to announce that OCK had on 11 September 2023 lodged the required information and relevant documents relating to the Sukuk Murabahah Programme with the Securities Commission Malaysia ("SC") pursuant to the Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework issued by the SC on 9 March 2015 and revised on 29 August 2023 (as amended or substituted from time to time) ("LOLA Guidelines").
The Sukuk Murabahah Programme shall have a tenure of thirty (30) years from the date of the first issuance of Sukuk Murabahah under the Sukuk Murabahah Programme.
2023-09-11 17:31
https://klse.i3investor.com/web/blog/detail/nanyang_stock_expert/2023-07-18-story-h-245557162
OCK集团的债务有5.74亿令吉，其中51%是以美元计。
根据目前超过8%的美元债务成本，再融资后估计每年可节省1400万至1500万令吉利息。
这对该集团每年超过3000万令吉的融资成本而言，是可观的节约。
2023-09-11 17:36
https://www.thestar.com.my/business/business-news/2023/09/11/ock-to-raise-rm700il-via-sukuk-murabahah-issuance
This big debt company. If you like tower biz, go for Redtone
2023-09-11 21:41
If based on forward eps 4 x 16 pe, the fair value should be rm 0.64 , now closing 0.405 .....
2023-12-01 14:55
----------- quote -------------
ivanlau
If based on forward eps 4 x 16 pe, the fair value should be rm 0.64 , now closing 0.405 .....
3 weeks ago
---------- unquote ------
Today closing 0.44 !!!
2023-12-28 18:56
5x normal volume yesterday and today surpassed 5x during half day. Will let it sizzle down b4 selling
2024-01-16 12:29
cukuplah 35+ %. Will come back later. Selling has always been the most difficult decision but you can't time the highest.
2024-01-24 09:36
another mersec ? idioxxxxt ... another GEM la.. follow redtone abang naik kuat besok ... stay TUNE especially d Warrant .. 100% sap sap water...
2024-02-15 22:11
i exit the share with good profit, definitely will look back, Mersec doesn't mean bad thing lol
2024-02-15 22:30
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1 month ago
OCK To Gain From Second 5G Network Rollout
By Editor -February 5, 2024
Kenanga believes OCK does not intend to slow down the expansion of its tower portfolio after having achieved its target of owning 5,300 towers across Malaysia, Myanmar and Vietnam. Moving forward, the house notes in the near-to-medium term, the group targets to secure additional telco towers in the following markets, Malaysia: 150-200, and Vietnam: 500. It said the group is on track to attain the latter, after having secured approval to acquire an additional 120 towers in Vietnam recently.
Meanwhile, in terms of geographical expansion, OCK is mulling over the option to apply for a tower license in Laos. This may potentially be the next frontier for OCK following its previous ventures to Myanmar (2015) and Vietnam (2017). Riding on 5G roll-out momentum in Malaysia, OCK is expected to continue to benefit from sustained deployment of the first 5G network
in Malaysia. This would be via involvement in the roll-out of an additional estimated 2,500 5G sites in 2024 (2023: c. 5,000 sites). Moving forward, for Malaysia’s upcoming second 5G network, Kenanga believes that OCK may also gain from: (i) co-location at its existing tower sites, and (ii) construction of new build-to-suit (BTS) towers. This is underpinned by OCK’s track record and involvement in the successful roll-out of 5G sites for the first network. Furthermore, the house adds that new BTS sites are required to expand Malaysia’s 5G coverage footprint.
The group is also eyeing 5G in Indonesia as well, looking at 15%-20% topline growth in Indonesia, largely driven by higher scope of works for network-managed services (NMS). Additionally, to a smaller extent, the group expects growth to be boosted by new fiberisation contracts. To recap, in 3QCY23, OCK’s market share of NMS in Indonesia dwindled QoQ to circa 29%, based on coverage of 32,125 sites (2QFY23: 45%; 49,200 sites). This was partly due to consolidation and rationalisation of tower sites by Indosat to avoid duplication. This was after the latter’s merger with Hutchison 3 to form the second largest telco operator in Indonesia.
On the bright side, NMS contract values have increased due to wider job scopes that include enhanced ‘comprehensive and active” components. As such, this translates to margin expansion and hence higher profitability. Moving forward, OCK expects the award of higher value job orders to sustain, particularly if Indonesia ramps up the roll- out of 5G. At this juncture, according to OpenSignal, Indonesia’s 5G network availability is 1%, which implies significant room for expansion.
Bottom Line Boost
OCK is aggressively bidding for new projects to replenish its order book, which amounts to circa RM278m as at end-Sept 2023. Amongst others, this includes: (i) a large scale solar power plant in East Malaysia, and (ii) contracts to provide 5G solutions in Malaysia (e.g. installation of systems that apply artificial intelligence such as smart CCTV networks). Hence, these new contracts are expected to boost FY24 bottomline, alongside expected interest cost savings. To recap, in end Nov 2023, OCK issued the first tranche (RM400m) for its RM700m Sukuk Murabahah program (MARC rating: AA-). In Jan 2024, OCK utilized the sukuk proceeds to refinance or pare down the bulk of its USD-denominated debt. As a result, the group expects to recognize quarterly interest savings of RM1.5m-2.0m.
In spite of the ongoing political upheaval at Myanmar, it is business-as-usual for OCK’s operations at Myanmar. Moreover, lease payments for its towers billed to local mobile network operators (e.g. MyTel) remain timely. As such, this dispels concerns that OCK may need to recognize impairments on its assets in Myanmar, which has estimated book value of USD100m. Nevertheless, OCK does not intend to increase its investments in Myanmar until the political situation stabilizes. Whilst there are some restrictions on the repatriation of funds from Myanmar, the group remains unperturbed, as it intends to plough back its profits into the market.
Consistent dividends in future? The group alluded to the possibility that it may formulate a new dividend policy in
the near term. In addition, moving forward, OCK targets to declare dividends once every year. This is underpinned by:
(i) robust operating cash flows, (ii) a firm balance sheet, and (iii) enhanced liquidity from its new sukuk program. For
the same reasons, OCK does not plan to secure equity funding for expansion in the near-to-medium term. To recap,
in recent years, OCK paid dividends sporadically, including in FY17 (0.9 sen) and FY21 (0.5 sen).
8 hours ago
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KimSua, so should buy or sell? Seem that it will continue to generate good profits going forward. The profits and turnovers have been ascending over the years. It seems that it is going to be the next play in klse likes those recently re-evaluated counters with solid profits. Should buy or sell is the main concern now?
2023-08-29 23:54