[OCK GROUP BHD：在马来西亚和印度尼西亚管理着28,000多个电信站点]

截至2019年9月30日的当前季度，这集团报告的收入较上年同期有所增长，这主要是由于电信网络服务（TNS）和M＆E Engineering服务的收入贡献增加。

本季度的总收入为1亿3千100万令吉，比上一季度的1亿1千580万令吉高，主要是由于本季度的电信网络服务（TNS）贡献了更高的收入。

前景：
迄今为止，OCK是马来西亚最大的电信网络服务（“ TNS”）提供商，并且是发展迅速的区域独立塔公司（“ TowerCo”）。尽管电信（“ telco”）行业竞争激烈，但OCK预计这集团未来将取得积极的增长轨迹。

OCK在马来西亚的行业前景与其他移动网络运营商（“ MNO”）一致，即扩大和升级其4G long-term evolution（“ LTE”）网络覆盖范围。该集团还对政府在实施2019年预算中概述的National Fiberization and Connectivity Plan（NFCP）方面采取的新方向以及在各个州建立和拥有电信站点的机会表示乐观。此外，OCK看到了来自马来西亚MNO之一的积极地域扩张所带来的前景，这将使这集团得以建立其铁塔产品组合。

在托管服务方面，这集团在马来西亚发现了一种新趋势，移动网络运营商开始将内部托管服务外包给业内的第三方。这对集团而言是有利的，因为他们目前在马来西亚和印度尼西亚管理着28,000多个电信站点。因此，随着他们努力保持他们作为马来西亚最大的TNS供应商的领导地位，未来的前景似乎是乐观的。

在马来西亚，这集团目前拥有420座以上的电讯塔，并在主要MNO的支持下迅速进行扩张以增加电讯塔所有权。迄今为止，该集团已在缅甸完成并移交了近1,000个电信站点。该集团已经取得了一个里程碑，即通过所有主要的MNO来拿到新建和greenfield sites。话虽如此，该集团将积极采取行动，在这个全新的电信市场上建设和收购更多的新站点。

在越南，该集团目前是最大的独立TowerCo，拥有2,600多个站点。由于越南的Towerco业务仍处于分散状态，因此在brownfield acquisitions area仍存在巨大的机会，并预计会有合并的机会。随着市场加速推出4G LTE网络，该国的重点将放在brownfield opportunities上。

迄今为止，该集团已建造了超过4,200座塔的塔组合，并且是东盟地区领先的独立塔公司之一。对于集团的绿色能源业务部门，OCK持乐观态度，并将积极参与未来的太阳能招标。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM2.50 (dividend RM0.025) in 1 year 5 months 26 days, total return is 253.1%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.94 (dividend RM0.04) in 1 year 7 months 6 days, total return is 149.1%

c) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.38 in 1 year 18 days, total return is 140%

d) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.02 (adjusted)(dividend RM0.01) in 8 months 5 days, total return is 81.4%

e) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.795 in 5 months 13 days, total return is 74.7%

f) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.35 in 7 months 8 days, total return is 50%

g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.22 (dividends RM0.113) in 1 Year 4 months, total return is 46.7%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.63 (dividend RM0.105) in 1 Year 2 months 20 days, total return is 36.6%

i) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.05 (dividend RM0.015) in 1 Year 1 month 22 days, total return is 33.1%

j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.24 (dividend RM0.018) in 1 Year 1 month 15 days, total return is 30.4%

我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：

预计公司每年的增长率必须> 14％

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过jamesngshare@gmail.com 或我的FB页面与我联系。

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这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。

James Ng
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[OCK GROUP BHD: they currently manage more than 28,000 telco sites in Malaysia and Indonesia]

For the current quarter ended 30 September 2019, the Group reported a higher revenue as compared to the corresponding quarter of previous year, mainly due to higher revenue contribution from Telecommunication Network Services (“TNS”) and M&E Engineering Services.

The total revenue of RM131 million recorded for the current quarter was higher as compared to the revenue in the preceding quarter of RM115.8 million mainly due to higher revenue contribution from Telecommunication Network Services (“TNS”) in current quarter.

Prospects:
To date, OCK is the largest Telecommunication Network Services (“TNS”) provider in Malaysia and a rapidly-growing regional independent Tower Company (“TowerCo”). Despite a competitive telecommunication (“telco”) industry landscape, OCK is expecting a positive growth trajectory for the Group going forward.

OCK’s outlook on the industry in Malaysia is in line with the rest of the Mobile Network Operators (“MNOs”) and that is to expand and upgrade their 4G long-term evolution (“LTE”) network coverage. The Group is also optimistic about the new direction taken by the Government with regard to implementation of the National Fiberization and Connectivity Plan (NFCP) outlined in Budget 2019, as well as opportunities to build and own telecommunication sites in various states. In addition, OCK sees prospects from an aggressive geographical expansion from one of the MNO in Malaysia, which will allow the Group to build its tower portfolio.

Where managed services is concerned, the Group has identified a new trend in Malaysia, where MNOs are starting to outsource internal managed services to third parties in the industry. This is positive for the Group since they currently manage more than 28,000 telco sites in Malaysia and Indonesia. As such, the prospects going forward seems positive, as they strive to maintain their leadership position as the largest TNS provider in Malaysia.

In Malaysia, the Group currently owns more than 420 Towers and is rapidly undergoing expansion to increase its tower ownership with support from major MNOs. In Myanmar, to date, the Group has completed and handed over close to 1,000 telecommunication sites. The Group has achieved a milestone of securing new built and greenfield sites with all major MNO. That said, the Group will be aggressive in its initiatives to build and acquire more new sites in this greenfield telecommunications market.

In Vietnam, the Group is currently the largest independent TowerCo, owning more than 2,600 sites. As the Towerco business in Vietnam still remains fragmented, there are still vast opportunities in the brownfield acquisitions area and foresees consolidation opportunities. The focus in this country will be on brownfield opportunities as the market gears up for the rolling out of 4G LTE networks.

To date, the Group has built a tower portfolio of more than 4,200 towers and is one of the leading independent tower company in the ASEAN Region. As for the Group’s Green Energy Business segment, OCK is optimistic and will actively participate in the future Solar tenders.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng