aireez
32 posts |  Posted by aireez > Nov 15, 2019 12:03 PM | Report Abuse
today Tp as PP issue price ... heheheee
dt miss lorrr |
sosfinance
1158 posts | Posted by sosfinance > Nov 15, 2019 12:20 PM | Report Abuse PP is issued at 60 sen. One of the analysts has a TP of RM0.75 per share on the pretext of
PATMI is RM28.5m and RM33.0m for FYE19 and FYE20 respectively.
Similarly, EBITDA is expected to grow from RM99m to RM108m (FYE19) and RM122m (FYE20).
Of course, those are estimates. However, based on the growth of number of towers & improved tenancy ratio, especially total number has expanded from about 3,000 towers to 4,000 towers. The increase in towers are from Myanmar (300), Vietnam (600), and Malaysia (100) towards last quarter of FYE18 will give OCK a boost to its earnings and EBITDA.
Hopefully they can achieve earnings growth of 20-30% for cumulative 9 months, from the increase in towers and also some secured contracts. Results may be out by end of next week. |
Fooksing Wong
910 posts | Posted by Fooksing Wong > Nov 15, 2019 4:11 PM | Report Abuse DROP SUPPORT LINE .... RUN 1ST |
lee_m2020
191 posts | Posted by lee_m2020 > Nov 15, 2019 4:14 PM | Report Abuse ok.. im coming... |
sosfinance
1158 posts | Posted by sosfinance > Nov 15, 2019 5:17 PM | Report Abuse Cost today 58 sen is below placee price of 60 sen. Previous placement in 2016 is 81 sen. Interesting. Of course, no placee(s) wants to incur losses, especially RM50m and with holding costs.
Let's see how it works out. It may be an opportunity. More importantly, EBITDA is growing fine from RM60m to RM100m (in 2 years), and estimated to be RM122m (FYE20) by analyst. I believe they can do better than analyst estimate, with Solar and Tower expansions.
And also getting good value from the subsidiary placement in one or two months. |
frank74
52 posts | Posted by frank74 > Nov 15, 2019 6:24 PM | Report Abuse Actually, I agree with sosfinance. It is just 3sen above what the placees paid for their placement shares, which is not totally logical. I’m sure there was some kind of assurance given to placees for them to commit. If it goes below 55, they may as well have bought from the open market. Anyway, that’s just my point of view. |
sosfinance
1158 posts | Posted by sosfinance > Nov 15, 2019 8:04 PM | Report Abuse @frank74 the placement price is 60 sen, not 55 sen. The EBITDA of OCK's tower assets only for 2019/2020 is about RM70m. Depends what multiple they can get, conservatively 10-12 times. Not included is the engineering biz and green energy assets. |
frank74
52 posts | Posted by frank74 > Nov 15, 2019 10:32 PM | Report Abuse my apologies, 60 sen. The point remains the same. |
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share2014
340 posts | Posted by share2014 > Nov 16, 2019 8:26 AM | Report Abuse Monday up lah better catch before it shoots up |
