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Last Price Today's Change   Day's Range   Trading Volume
0.595   -0.005 (0.83%)  0.595 - 0.61  1,384,400
9,064 comment(s). Last comment by sohaitrader at Jan 18, 2020 2:30 PM
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sosfinance
1179 posts

Posted by sosfinance > Oct 20, 2019 11:44 AM | Report Abuse

OCK has invested up to RM600m in towers, and leased to major telcos for 5-20 years. And some most of the towers can be leased up to 2-3 telcos. At the moment, OCK average tenancy ratio is 1.3-1.4x, and has the capacity to grow up to 2x.

The cash flow yield will be exponential as the cost of maintenance for one, two or three tenants on the tower.
I understand their loan for tower is for 6-7 years, hence, when they pay down the loans, interest will be reduced, earnings will improve.

FYE18 depreciation is RM37m. FYE19 is estimated to be RM60m. Maintenance cost is only a fraction of depreciation.


monetary
965 posts

Posted by monetary > Oct 20, 2019 11:58 AM | Report Abuse

Thank again, sosfinance. Yes. depreciation is an item tat I missed. It's just accounting practice but not a real loss or expenditure. Once towers r fully deprecated accounting profit will b handsome. May I know the depreciation time frame?


Davidyeap
302 posts

Posted by Davidyeap > Oct 20, 2019 1:41 PM | Report Abuse

OCK 19/10/2019 rebound on support uptrend line ,0.640 is the next target?If breaking 0.665 this stock will have stronger movement


sosfinance
1179 posts

Posted by sosfinance > Oct 20, 2019 2:30 PM | Report Abuse

@monetary, normally is 20 years. When we rent our properties to tenants, how many of us really calculate rental yield after depreciation of the properties?

First few years after construction of new towers, the maintenance is very low, unlike the acquisitions of old towers in Vietnam, initial refurbishments is required to prolong the life of the towers. In reality, if maintained well, the towers useful life can exceed 30 over years.

OCK bought 1,983 towers in early 2017 in Vietnam. By end of 2018, the number of towers increased to 2,500 towers. OCK and its JV partners, did not raise any funds to purchase the additional towers, which means, Vietnam existing towers can generate sufficient cash flows to purchase about 500 additional towers without raising new funds.


monetary
965 posts

Posted by monetary > Oct 20, 2019 7:23 PM | Report Abuse

TQVM. OCK is indeed a good business model.


sosfinance
1179 posts

Posted by sosfinance > Oct 21, 2019 7:31 AM | Report Abuse

1. Tower biz is cash flow rich but profit and loss slow due to depreciation and interest costs

2. While tower biz is expanding, Myanmar tower biz was delayed for almost 2 years

3. Not everything is hunky-dory, Vietnam faces headwind when OCK needs to spend some money to refurbish the older towers to maintain its useful life, acquisition costs, while the TNS segment on contracting biz faces headwinds pre and post GE as telcos is holding back capex spending due to uncertainty of direction on telco policies (FYE17 & 18), the servicing side also faces margin squeeze and forex loss in Indonesia.

4. With LSS3 and NFCP in line, OCK stands to benefit from it in a significant way.

5. One analyst mentioned there may be a re-rating on Vietnam acquisition of another thousand towers.

6. IPO on towerco biz is a medium term catalyst.

7. Despite all the events, market sentiments play a significant role as well.


sosfinance
1179 posts

Posted by sosfinance > Oct 21, 2019 9:48 AM | Report Abuse

OCK 62 sen, WA 11.5 sen, Mother is 5.4x of WA, about 14 months to expiry for WA.

For higher risk taker, WA appears interesting as well.

For every 5.5 sen up mother share, WA only needs to go up 1 sen. On a pretext of higher earnings, secure contracts for LSS3, NFCP, Vietnam Acquisition of towers, Listing of Towerco biz (medium term), re-rating is very possible.


kahsoon888
546 posts

Posted by kahsoon888 > Oct 21, 2019 1:44 PM | Report Abuse

Price will sustain 0.6x till PP


sosfinance
1179 posts

Posted by sosfinance > Oct 21, 2019 3:18 PM | Report Abuse

Many warrants collected between 11.0 sen to 11.5 sen for the last one month. No one will know whether the price will goes up pre or post PP. Some goes up before, some after, and some delay. It may go up gradually until the announcement of 3Q.


Ahead1268
476 posts

Posted by Ahead1268 > Oct 21, 2019 6:25 PM | Report Abuse

Can see collection mode, hard to go up.


Lee1045
91 posts

Posted by Lee1045 > Oct 21, 2019 7:10 PM | Report Abuse

Just wait until 3qr announcement....


bargadcapital
211 posts

Posted by bargadcapital > Oct 22, 2019 2:33 PM |

Post removed. Why?


sohaitrader
450 posts

Posted by sohaitrader > Oct 23, 2019 2:34 PM | Report Abuse

nid to break aboev 635 ...


Lee1045
91 posts

Posted by Lee1045 > Oct 24, 2019 12:46 AM | Report Abuse

Consolidation will continue until this month end. Just patient....


kahsoon888
546 posts

Posted by kahsoon888 > Oct 24, 2019 1:37 PM | Report Abuse

John chew, u really hate Calvin


milodrinker
177 posts

Posted by milodrinker > Oct 24, 2019 6:16 PM | Report Abuse

When is the 3qtr will be announced ?? Thanks


Lee1045
91 posts

Posted by Lee1045 > Oct 24, 2019 7:40 PM | Report Abuse

Normally is 28th Nov.


milodrinker
177 posts

Posted by milodrinker > Oct 24, 2019 8:06 PM | Report Abuse

Thanks lee1045


sohaitrader
450 posts

Posted by sohaitrader > Oct 25, 2019 5:23 PM | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6322405


sosfinance
1179 posts

Posted by sosfinance > Oct 25, 2019 6:01 PM | Report Abuse

PP so fast this round, must be deal will be concluding soon. That's positive news.


win1661
37 posts

Posted by win1661 > Oct 26, 2019 12:41 PM | Report Abuse

The share was blocked f from moving up for weeks to set the PP price, and finally done. Now what?


sonyx123
210 posts

Posted by sonyx123 > Oct 26, 2019 5:43 PM | Report Abuse

wait for show then. Hope it flies to the moon


cicakman
696 posts

Posted by cicakman > Oct 26, 2019 7:45 PM | Report Abuse

John Chew 31,Calvin has many name and even thanks himself .


cicakman
696 posts

Posted by cicakman > Oct 26, 2019 7:49 PM | Report Abuse

He held netx tightly cz he can't sell and loss opportunities.Well ,in 3 years time,he then come and say he is right.


bpng0904
68 posts

Posted by bpng0904 > Oct 28, 2019 9:08 PM | Report Abuse

sosfinance is still here, i really salute you. OCK is my first big loss in stock market, hopefully myeg is not my second big loss. All OCK investors, be like sosfinance, be a long term investor. Good luck!


kahsoon888
546 posts

Posted by kahsoon888 > Oct 29, 2019 7:12 AM | Report Abuse

Pp fast...Good.. can move up jor


kahsoon888
546 posts

Posted by kahsoon888 > Oct 29, 2019 7:14 AM | Report Abuse

Bpng, how big losses?


Asy_Mett
224 posts

Posted by Asy_Mett > Oct 29, 2019 10:15 AM | Report Abuse

OCK sleep


Woodswater
2124 posts

Posted by Woodswater > Oct 29, 2019 11:43 AM | Report Abuse

Tingtongbell


sosfinance
1179 posts

Posted by sosfinance > Oct 29, 2019 11:51 AM | Report Abuse

@bpng0904 most people make huge losses if they bought small cap stocks during its peak, unless they average at their low. Most small cap rebounded 50-100% from their low, but still 20-40%off its peak. Yes, OCK delayed it’s Myanmar tower project for 2 years due to Telenor changes their planning locations from geographical to demographic coverage. Hence, profits growth delayed for 2 years. Those who bought around 45-55sen will be rewarded later as the growth starts coming in FYE19/20. So, I am hanging on tight, as my average price is 60 sen. Hopefully its gloomy days are over. I just like their long term towerco biz.

MYEG is also an interesting stock, but bashed due to post GE, causes lots of uncertainty on renewals. It already dropped from RM9b to RM4b, I believe if they can renew its concessions, it has a good upside potential. So, it’s a billion dollar questions, but lately came down due to foreign investors. Have to wait till most of foreign selling complete, then is a better time to accumulate and also some of the renewals. Good luck to your MYEG as well.


ttt
202 posts

Posted by ttt > Oct 29, 2019 2:14 PM | Report Abuse

anyone know roughly who they will place the 10 % out to ? some one in the industry ?


Fooksing Wong
1064 posts

Posted by Fooksing Wong > Oct 29, 2019 6:35 PM | Report Abuse

yes, will sleep awhile , but next month will fly :)


kahsoon888
546 posts

Posted by kahsoon888 > Oct 29, 2019 7:58 PM | Report Abuse

Sleeping beauty ...


sosfinance
1179 posts

Posted by sosfinance > Oct 30, 2019 11:07 AM | Report Abuse

initial stage, cash flow is higher than profit and loss, due to depreciation and interest expense, when the tenancy ratio is gradually improving from 1.0x to 1.4x concurrent with the increase of number of towers. Good news is there is still potential in gradual increase of tenancy ratio from 1.4x to 1.6x, additional cash flow and profit and loss, with minimal cost. Accumulate when volume is low.


Lee1045
91 posts

Posted by Lee1045 > Oct 30, 2019 12:04 PM | Report Abuse

Maybe this two day will shoot up


Fooksing Wong
1064 posts

Posted by Fooksing Wong > Oct 30, 2019 6:23 PM | Report Abuse

break 0.700 no problem . just need time . maybe next month ? maybe december . but i still believe OCK quater report not bad :)


Fooksing Wong
1064 posts

Posted by Fooksing Wong > Oct 30, 2019 6:25 PM | Report Abuse

normally 1 stock got good news or good report , price sure up abit 1st.


PresidentRotiCanai
427 posts

Posted by PresidentRotiCanai > Oct 30, 2019 6:32 PM | Report Abuse

Finally wake up a bit. The chart looks like Dsonic before spike up


win1661
37 posts

Posted by win1661 > Oct 30, 2019 7:34 PM | Report Abuse

compare to Dsonic? back in May both around 0.4+, now one above 1.0+ and the other barely can stay above 0.6.... don't even know when can it break 1.0 or never?


PresidentRotiCanai
427 posts

Posted by PresidentRotiCanai > Oct 30, 2019 9:47 PM | Report Abuse

Macd golden cross... Suiiiiii


Fooksing Wong
1064 posts

Posted by Fooksing Wong > Oct 30, 2019 10:05 PM | Report Abuse

President roticanai , I agree what you say. Macd cross already, let.we see show soon :)


kahsoon888
546 posts

Posted by kahsoon888 > Oct 31, 2019 2:28 PM | Report Abuse

MACD. ...I ONLY KNOW MCD


PresidentRotiCanai
427 posts

Posted by PresidentRotiCanai > Oct 31, 2019 5:59 PM | Report Abuse

Kahsoon888 if dono MACD then go google n search


kahsoon888
546 posts

Posted by kahsoon888 > Oct 31, 2019 8:18 PM | Report Abuse

A lot sifu here..... If the sifu said good...I just follow..


PresidentRotiCanai
427 posts

Posted by PresidentRotiCanai > Oct 31, 2019 9:01 PM | Report Abuse

Good. Haha


Woodswater
2124 posts

Posted by Woodswater > Nov 3, 2019 12:08 PM | Report Abuse

https://klse.i3investor.com/m/blog/reason4invest/233310.jsp


PresidentRotiCanai
427 posts

Posted by PresidentRotiCanai > Nov 3, 2019 11:49 PM | Report Abuse

So many people talk about this stock, n yet still cnnot go up


sosfinance
1179 posts

Posted by sosfinance > Nov 4, 2019 8:28 AM | Report Abuse

better interest = better volume = better sentiment = better price (on assumption better results)


sosfinance
1179 posts

Posted by sosfinance > Nov 5, 2019 12:42 PM | Report Abuse

Scooped up some WA.


sosfinance
1179 posts

Posted by sosfinance > Nov 5, 2019 1:41 PM | Report Abuse

OCK listed 87.1m new shares today from PP. If not mistaken, the PP price is 60 sen, hence, raising about RM52m.

So, the proposed acquisition of green assets will soon be announced. Also, hope that the IPO on towerco biz will be announced soon (this will be a bonus).

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