Highlights
KLSE: OCK (0172)       OCK GROUP BHD MAIN : Telco&Media
Last Price Today's Change   Day's Range   Trading Volume
0.46   -0.02 (4.17%)  0.46 - 0.48  3,130,000
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Overview

Market Cap: 485 Million
NOSH: 1,054 Million
Avg Volume (4 weeks):1,135,330
4 Weeks Range:0.46 - 0.495
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:0.385 - 0.58
52 Weeks Price Volatility (%):
38.46%
Average Price Target: 0.53
Price Target Upside/Downside: +0.07
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#1]  |  27-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  27-Aug-2021
T4Q P/E | EY: 18.50  |  5.40%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.54  |  0.85
T4Q NP Margin | ROE: 6.59%  |  4.60%

Headlines

Date Subject
25-May-2021 OCK集团不在LSS4名单
11-May-2021 OCK - The Unfaltering Tower
04-May-2021 Trading Stocks - OCK Group
20-Apr-2021 Daily Technical Highlights – (OPCOM, OCK)
02-Mar-2021 Trading Stocks - OCK Group
01-Mar-2021 OCK Group Bhd - Recovery largely on track
26-Feb-2021 OCK Group Berhad - Welcoming 2021 with 5G
22-Feb-2021 数码大蓝图唱好 执行力定成败
22-Feb-2021 OCK - Strategic Positioning
20-Feb-2021 数码大蓝图出炉 5G年杪开跑 电讯股应声涨
16-Feb-2021 【行家论股/视频】OCK集团 缅甸政变冲击可控
14-Jan-2021 Daily technical highlights – (OCK, TGUAN)
14-Jan-2021 Stocks on Radar - OCK Group (0172)
11-Jan-2021 发行数量较少 OCK集团WB物以稀为贵/温世麟
05-Jan-2021 Trading Stocks - OCK
07-Dec-2020 Trading Stocks - OCK Group
30-Nov-2020 Technical Buy - OCK (0172)
26-Nov-2020 OCK Group Berhad - Leveraging on National Digital Network Initiative (JENDELA)
14-Sep-2020 政府计划新瓶旧酒‧固定线业者大赢家
01-Sep-2020 Trading Stocks - OCK Group Berhad

Business Background

OCK Group Bhd provides telecommunications network services. The company is engaged in the provision of telecommunication services equipped with the ability to provide full turnkey services. It provides comprehensive services to all six segments of the telecommunication network services market: network planning, design and optimization, network deployment, network operations and maintenance, energy management, infrastructure management, and other professional services. The company also trades in telecommunication hardware and installation of materials such as antennas, feeder cables, and connectors.
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  17 people like this.
 
ychong close red 0.48, sien
11/05/2021 5:09 PM
strattegist kiok kiok 0.48
11/05/2021 5:39 PM
Jeff7 OCK (RM 0.495) (0172)
Summary based on

All publicly available information
OCK's ANNUAL REPORT FY2020
Rakuten Ideas Webinar with OCK Bhd Group CEO David Low on 10/5/2021
Overview :

OCK is one of the largest turnkey telecommunications providers,specializing in all things related to telecommunications towerco infrastructure and managed services for towers.

The Group has a telecommunications footprint in 7 Countries, with a workforce of 2600+ ,owns 4,300 Telco Towers and manages over 49,500 towers in the Asia.

The Group started from being a small subcontractor with zero knowledge, listed into ACE market and became MAIN market in merely 2 years.

Prospects:

The Group has bidding in the upcoming MCMC JENDELA Project and is confident to benefit from it, approval somewhere in Q3 August/September.The Group has also been receiving many orders for fiberization and expects many more projects to come, being one of the most experienced company available.

As for 5G , The government proposed "SPV" Rollout and will request telco companies such as OCK to deploy them with the first one expected to be in Klang Valley somewhere in December. Deployment speed will start to increase in FY2022, and expected enhance 5G coverage in FY2022 to arond 38% , and up to 90% within 8-10 years time.

The Group is also active in approaching states for collaboration to setup solar projects in cities and housing areas, and most of the projects are in preliminary stages. Important permits application and approval is required from local counciil. They also have active bidding for solar projects, such as LSS3 & LSS4.


Towerco Updates:

Myanmar, OCK owns more than 1,100 sites with tenancy ratio of 1.42x. OCK targets to have approximately 1,250 towers in Myanmar by 2021, primarily through new built to suit towers.

Vietnam, OCK owns more than 2,700 sites with tenancy ratio of 1.33x. OCK targets to have approximately 3,200 towers in Vietnam by 2021, primarily through acquisition of towers.

Malaysia, OCK owns 500 sites with tenancy ratio of 1.10x. OCK targets to have approximately 700 towers in Malaysia by 2021 through a combination of built to suit towers and acquiring towers.

Expansion:


OCK's foreign assets are all under its Singapore based company, which is a preliminary setup for future plans of listing under Singapore Stock Exchange. The Group mentions that it has to first expand and acquire more towers to become easily chosen to be an attractive company in foreign investors perspective.

Indonesia has recently opened up its restrictions, allowing foreign companies to own and purchase telecommunications assets , which OCK is near towards closing the deal and therefore having a large exposure towards Indonesia's business. Indonesia has 4G covering only 40% of the country and therefore having potential for a huge market.

In Vietnam, OCK has derived a new strategy, by only acquiring and purchasing towers & telecommunications assets from smaller companies Vietnam. This can speed up The Group's expansion in Vietnam significantly and have already acquired 170 New towers which are only 4 years old and has good potential.

Orderbook :


Myanmar - 200 Towers, increase delayed due to coup
Malaysia - 100 Towers and increasing
Vietnam - Plan to acquire up to 800-1200 towers , currently final stages of negotiating for 320 towers.

Profitability:

OCK's IRR is a whopping 10-12%, which is very high compared to rental of assets such as housing with expected IRR of 4%.
This is mainly due to its recurring income and business essentiality, providing it with a strong cashflow.

Tower services have Tenancy Ratio, which means that more than one operator can use the same tower, therefore if more providers are leased, the ratio increases and significantly boosts OCK's profitability.

Managed services over 49,000 towers, the profitability will only get better as expansion towards more operators will reduce operating expenses of the company and will continue consistently grow.

The Group also has very competitive pricing and cost effective methods, able to apply cost reduction methods, such as bulk order and strong negotiation skills.

With their Recent QR hitting all time high (ATH) Revenue, it shows that OCK can weather many hardships despite the challenges.

Myanmar coup :

Most importantly, There are no disturbances on and nearby the towers based in Myanmar. OCK is also able to collect full payments and thus having minimal to no impact on the company. OCK has only reduced their office hours mainly because of government movement restrictions.

The misunderstanding of Telenor having a write-off did not affect them much as well, based on CEO David Low's explanation that customer base has actually increased by 2 million in Q1 2021.

Telco services in Myanmar such as (MPT , Telenor, Mytel & Ooredoo) while their data services have only been disrupted occasionally but calling & SMS services remain operational.
12/05/2021 9:21 AM
Lifehuh https://klse.i3investor.com/blogs/ock_the_5G_battle/2021-05-11-story-h1565004487-OCK_The_Unfaltering_Tower.jsp
12/05/2021 11:46 AM
kc5305 Epf buy alot recently. At average price .50 Can expect good result when qtr result out.
12/05/2021 5:06 PM
warchest https://www.bbc.com/news/business-57066915
13/05/2021 10:44 PM
abang_misai Not worth buying at this price.
14/05/2021 9:19 AM
kc5305 Wait for bottom fishing
14/05/2021 11:36 AM
catalan https://www.thestar.com.my/business/business-news/2021/05/13/ock-to-continue-expanding-its-green-energy-segment
15/05/2021 4:18 PM
strattegist haiyaaaaa
17/05/2021 9:52 AM
strattegist red 0.47
17/05/2021 5:49 PM
Begineer The net debt/total equity or Non-operating interest expense/ Operating is quite high. Any input from anyone?
17/05/2021 8:26 PM
abang_misai Hahh Mampus
17/05/2021 8:41 PM
OkieDokie ha ha ha , bang misai hasn't collected enough yet ar ?
18/05/2021 4:24 PM
PatienceWin Why epf keep buying ah? Got good news coming? Save to buy now ? Hehe
18/05/2021 10:04 PM
abang_misai Be patient 0.38 will present itself.
19/05/2021 7:24 PM
PatienceWin Waiting at .42 if possible. Hehe
20/05/2021 6:12 PM
20/05/2021 11:42 PM
DawscpJ 0.45...
21/05/2021 10:40 AM
21/05/2021 6:01 PM
Maxprofittt Abang misai. If 0.38 I wanna sailang lo. Hehehe
23/05/2021 5:07 PM
strattegist stagnant
24/05/2021 11:10 AM
strattegist green 0.485
24/05/2021 5:26 PM
strattegist red 0.48
25/05/2021 5:54 PM
warchest Need to be patient. Below 40 should be a nice entry. What missing in the equation is the Myanmar's impact. Current price hasn't taken into account the full brunt of impact from Myanmar's coup. Is getting serious
27/05/2021 9:36 AM
strattegist flat 0.48
27/05/2021 6:25 PM
Maxprofittt QR is out. PAT7. 2mil. Revenue 113.4mil. Not bad la
27/05/2021 7:47 PM
strattegist green 0.485
28/05/2021 5:26 PM
JensenKo Worth to buy?
28/05/2021 8:00 PM
Bgt 9963 Good luck...!
28/05/2021 8:20 PM
PatienceWin Lai liao .42 come to me
28/05/2021 10:07 PM
strattegist flat 0.485
31/05/2021 6:20 PM
strattegist flat 0.485
01/06/2021 5:52 PM
strattegist red 0.48
03/06/2021 6:56 PM
prince11 accumulate.
04/06/2021 1:43 AM
strattegist red 0.475
04/06/2021 6:10 PM
strattegist stable
14/06/2021 10:10 AM
Maxprofittt Very stable counter. Can collect frm time to time. 5g is on the way. Just matter of time
14/06/2021 5:54 PM
strattegist flat 0.48
14/06/2021 6:19 PM
strattegist green 0.485
15/06/2021 5:24 PM
strattegist flat 0.485
16/06/2021 5:44 PM
strattegist red 0.48
17/06/2021 5:45 PM
strattegist green 0.485
18/06/2021 5:20 PM
DawscpJ wow epf keep buying ..
18/06/2021 5:36 PM
strattegist flat 0.485
21/06/2021 5:47 PM
strattegist flat 0.485
22/06/2021 6:07 PM
char1234 EPF buy is no good .....what they buy, shares , can't go up a lot
23/06/2021 1:42 AM
strattegist red 0.48
23/06/2021 5:26 PM
Bgt 9963 Good luck...!
23/06/2021 5:47 PM
strattegist red 0.46
24/06/2021 5:54 PM


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