OCK building something that something=cash cow you not happy?

worry not local business Q3&Q4 traditionally very strong, this year more interesting...

1) OCK has been awarded few hundred built-to-suit sites from a local telecom operator
(post the latter ending its network sharing and alliance agreement) and
set to deliver c.70-100 sites by the end CY18.

2) OCK is in the midst of rolling-out fiberisation work orders from major Mobile Network Operators (MNOs) to cater for the increase in data demand and network speed.

no worry epf also paper loss but now day day happy shopping buying big...

Vietnam 300 or 700 more?

according to Kenanga update

SEATH updates. The group’s Vietnam operation, meanwhile, have a tenancy ratio of 1.29x (with 2,732 tenants under its tower count of 2,118) currently, following the recent acquisition of 118 towers for c.USD1.5m. We understand that the group is having discussion with several towercos to acquire another 700 tower assets, with funding coming from internally generated fund.

the only problem i see in myanmar is slow increase in tower sites so far 820...by now should be over 1000 at least...Need to be more aggresive in rolling out new sites... comment in the q report: Moving forward, the Group expects to build more sites aggressively to cater to the growing demand of daily data usage in this greenfield telecommunication market.

For Q1FYE2018, the Group’s regional business remains on a growth trajectory, recording a revenue of RM41.7 million. Regional revenue contribution over total revenue has increased to 42.8% as compared to 37.6% in 1QFYE2017. Regional PAT for the quarter under review was RM7.1 million, translating into a growth of 86.8% as compared to RM3.8 million in Q1FYE2017.

Commenting on the Group’s Q1FYE2018 performance, Mr. Sam Ooi Chin Khoon, Managing Director of OCK Group Berhad said, “We are optimistic of OCK’s continuous growth throughout the financial year ahead as it is a norm that our first quarter usually starts on a slower note. We continued to record profit growth despite the slowdown in our Malaysian TNS business which was mitigated by the strong growth from our regional ventures in which we expect to grow even stronger.”

WA way oversold...opportunity to buy on weakness.... if you believe in what Sam said about this year tower business. buy only if you can hold tight tight at least 50% gain is achievable....

今年电讯塔要增至4000座

黃貞焜表示有信心在 2018年达到坐拥3500至4000座电讯塔的目标，主要来自内部成长 所驱动。同时，该集团也正在洽谈小型的收购计划，一旦成功，所拥有的电讯塔数．将超越既定目标。

Tower business the new growth chapter for OCK.... Everything is on track.. superb!

The Group has been on a growth trajectory, achieving a 6-year profit after tax compounded annual
growth rate of 43% from 2010 to 2016. While the initial growth engine of the Group has been its local contracting business, the Group in the past 2 years generated significant growth from its regional expansion mainly from Vietnam with the acquisition of SEATH and Myanmar with its tower leasing business which will continue to be the way forward in bringing the Group to greater heights.

The Group is dedicated to grow its regional ASEAN telecom footprint through greenfield, brownfield and potential acquisitions opportunities to own more telecommunication sites to achieve its vision of becoming an ASEAN Tower company and to increase it’s recurring income stream.

The Group’s Management would want a dedicated leader to spearhead the Group’s regional expansion. In line with this, Dr. Yap Wai Khee, the current Group Chief Executive Officer (“GCEO”) is re-designated to be the Chief Executive Officer (“CEO”) of OCK Sea Towers Pte. Ltd., overseeing the Group’s telecommunications tower business in South East Asia (“SEA”).

Dr. Yap earned his MBA from Imperial College, University of London and completed his PhD in
Engineering from the University of Cambridge. With over 21 years of corporate experience with various leadership roles both in local and foreign telecommunications companies such as Axiata Group Berhad, Mfone (Cambodia) and Robi Axiata (Bangladesh), Dr Yap is the most suited candidate to take on the responsibility of driving OCK’s regional telecom expansion in SEA.

Commenting on the Group’s announcement, Mr. Sam Ooi Chin Khoon, Managing Director of OCK
Group Berhad said, “I am delighted to announce the leadership re-designations. Dr. Yap will be the best person to lead our strategic direction of bringing OCK to the next level through our regional tower business expansion. We believe that the change in leadership is imperative for our Group to reach the next level of growth regionally. With Dr. Yap at the helm of OCK Sea Towers Pte. Ltd., and with David overseeing the Group’s overall executive function, we foresee our regional telecom operations and OCK Group will be well-positioned, to achieve greater heights” he added.

latest OCK update by UOB

https://ufile.io/dl18f

Strong growth in tower business 2018 going to see up up up for OCK...

OCK的2017财政年首9个月净利和营业额 ，分别按年成长20.32%和19.24% ，至1759万令吉和3亿5102万令吉。在海外业务贡献下 ， 黄贞焜有信心2017财政年全年业绩可取得双位数成长

go read what Zai Zai has posted above...

in myanmar last year 600+ towers, this year at least 1200+ towers double the towers double the $$$... sure goreng hangus later....

confirm OCK hangus? yes goreng sampai hangus.....

last year the delaying towers rollout due to Telenor location replanning has been pain in the neck for Ock and cause the share to lose momentum.... well, no more showstopper... the short term pain going to be long term GAIN....

feel gooood factors in Myanmar:... All 4 telcos spending $$$$$$.....

1) Telenor : Telenor Myanmar has announced it is paying USD80 million to acquire an additional 2×10MHz of spectrum in the 1800MHz frequency band. The Norwegian-owned cellco will utilise the spectrum to support the continued rollout of its 4G LTE services, having acquired its initial allocation of 2×10MHz in the 1800MHz band for USD80 million in May this year.

2) MPT : MPT expands LTE-A to every state and region... Last month MPT announced upgrades to its LTE-A 4×4 MIMO network, enabling speeds of up to 300Mbps on compatible devices. Going forward, the firm is aiming to roll out its high speed 4G service to 280 townships nationwide by the end of 2018.

3) Ooredoo: Ooredoo plans 500Mbps LTE upgrade...CEO Vikram Sinha ‘We have invested more than USD2 billion and will significantly boost our 4G network throughout the second phase of the staged rollout, expanding coverage to 200 townships in Myanmar, including rural and underserved areas,,,.’ Ooredoo’s overall wireless network coverage currently reaches 85% of the population, although this figure is expected to rise to 92% by early 2019.

4) MyTel: MyTel to spend USD1.5bn on 4G network rollout...MyTel brand, will launch a 4G-only network in the first quarter of 2018, leapfrogging 2G and 3G technologies, Vietnamese news outlet Bizhub writes, citing senior MyTel officials. The operator is aiming to roll out a total of 7,200 base transceiver stations (BTS), covering 90% of the population....


$$$$ opportunity for OCK this year?

look at the warrant monthly vol trend from Sep to Dec last year ... so what's going to happen next?

u told the engineers already? fast fast q buy and wait to see anymore generous people to sell cheap cheap...

go tell the engineers not need to wait for esos... go buy the cheap warrant ang pau from Sam....

later 25 becomes 52....

Sam given the green light...2018 OCK year, 1.15-1.20 ?

Sam in good mood :)

Telenor Myanmar pays USD 80 million to double its 4G spectrum capacity

•First mobile operator in Myanmar to exercise option of acquiring additional 1800MHz spectrum
•Investing more in ultramodern network for delivering best customer experience

15thDecember 2017, Yangon –Telenor Myanmar will invest USD 80 million in Myanmar to acquire additional 2X10 MHz spectrum in the 1800MHz frequency band. The company will also optimize its network to continuously deliver consistent and improved 4G data experience.

“Myanmar has shown an exceptional hunger for mobile data, and to meet the incredible demand Telenor continues investing in a state-of-the-art network. Today, we are doubling our capacity for delivering high-quality 4G services, resulting in an immediate benefit for our customers who will experience smoother internet services and better indoor coverage,” said Lars Erik Tellmann, Chief Executive Officer at Telenor Myanmar.

In May 2017, Telenor was allocated its first 2X10MHz of 1800MHz spectrum for USD 80 million. In that process, all operators were given an option to acquire additional spectrum on a first come first served basis. Telenor is the first operator in Myanmar that exercise the right to obtain more spectrum, providing a solid spectrum position to support roll out of “real 4G” services.

During the last six months, Telenor has rapidly deployed its 4G network and by the end of 2017 the company expect to cover Myanmar’s top 50 cities and most famous destinations. This means that 2/3 of the country’s urban population is already living within the company’s 4G footprint. In addition, tests conducted by Open Signal, the world’s largest crowdsourcing services for network quality, shows that Telenor also has the best 3G network quality in Myanmar.

“Myanmar has clear ambitions ofaccelerating its digital economy, and I believe that increased deployment of an ultramodern mobile infrastructure will support Myanmar in its digital transformation. As one of the largest foreign investors in Myanmar we continue efforts to provide a digital platform that enrich people’s lives, enable new business development and help attract potential foreign investment,” Tellmann said.

Telenor is one of Myanmar’s largest foreign investors and have so far invested over USD 2 billion since entering the country in 2013. Telenor today operates Myanmar’s largest and fastest growing data network spanning close to 8,000 sites nationwide, serving more than 19 million customers in all states, regions and the union territory.

some shit does look like gold, some gold though intentionally cover with shit, looks like shit and at time smell like shit but still gold intrinsically...

REGIONAL PERFORMANCE
For the cumulative 3QFYE2017, the Group’s regional segment recorded significant financial improvement with its revenue at RM124.0 million, PBT at RM19.5 million and PAT of RM15.7 million. This translates to an outstanding revenue growth rate of 128.3%. Correspondingly, PBT and PAT also grew by 517.0% and 746.9% respectively.

For the Myanmar operations, the Group has completed and owns more than 640 telecommunication towers. During the quarter under review, OCK had secured an additional 300 telecommunication tower orders from the new telecommunication operator named Telecom International Myanmar Company Limited (“Mytel”) on a build and lease model, similar to the Telenor Myanmar’s agreement, and the roll-out is currently in progress.

In addition, the Group managed to secure co-location agreements with other operators in Myanmar including Mytel and Myanma Posts and Telecommunications (“MPT”), which will further enhance its tenancy ratio in the coming months.

sell? is OCK has a gloomy future?

From Telenor 3Q report:

The number of network sites is now 7,700 and the population coverage has reached 88%. 8,000 sites on air by end of 2017 – improved 4G coverage

do not underestimate the potential future TCF (Tower Cash Flow)... is going to transform OCK from little ugly duckling into beautiful swan....

Building a Regional Tower Empire

https://klse.i3investor.com/servlets/staticfile/311688.jsp

Those want to sell... fast fast sell...don't wait too long later cannot sell cheap...


Vietnam's telecoms market dials up massive revenue growth

Vietnam's telecoms industry posted nearly a 130 percent increase in total revenue in the first half of this year to VND213 trillion ($9.38 billion).

The three providers all reported double-digit revenue growth, helped by subscribers moving from 2G to 3G services, together with the newly deployed 4G services, a report released by the Ministry of Information and Communications said.

4G services have been available in big cities since the beginning of this year, and the three operators are racing to deploy the service across the country by the year-end.


from UOB back in April:

OCK aims to build another 200-300 towers in Vietnam while working on increasing tenancy ratio from 1.26x to 1.3x by end-17.

irrational lelong....

support...

Higher demand for towers due to 4G rollout .... For Telenor alone, how many do you think it targets to increase next year? And how many going to award to OCK?

Telenor, with a network that already includes more than 7,400 tower sites, plans to add its antennas to another 9,000 sites in urban and rural areas by 2018, said company spokesperson Mr Joachim Rajaram. Telenor will lease space on the towers...

Telenor and Ooredoo are in the midst of a major urban rollout. Demand for towers is the highest it has been in years.

Telenor spokesperson Mr Joachim Rajaram said the telco has never stopped expanding in the countryside, and has more than 7,200 towers serving more than 19 million customers throughout Myanmar. But as the growth of new users slows, it is refocusing on urban areas.

“We are strengthening our network capacity in cities and towns across the country where data adoption continues to grow,” Rajaram said.

This means hundreds of new towers – everything from large, standalone “greenfield” structures (to use an industry term), to small towers erected on existing infrastructure. As they scramble to claim territory, tower builders are staking out sites on rooftops, billboards and even light poles.

“Network transmission in layman terms can be viewed as plumbing pipes,” said Mr Ricky Steyn, Edotco’s director of engineering. “The water can be compared to data and the pipes to bandwidths. The bigger the pipes the more water you can direct through; thus the bigger the bandwidth the more data you can send through your network.”

He said the focus on urban areas was not surprising. “Data traffic is increasing dramatically in urban areas: there is a capacity issue and black spots are forming, resulting in the need for more towers.”

Most of the towers erected in Yangon this year will be at what Steyn calls “filler” towers, which fill in the coverage gaps between the larger “macro” towers. From a construction perspective, these small urban towers are far less costly than the rural installations, which are usually much larger and more difficult to supply.

...... :)

how high? pe 10x 1.2, pe 12x 1.5, pe 16x 2.0.....can ?

going to close the gap and go higher...?

From UOBKH:

Comintel Corporation

技术买入，潜在赚益+17.2%
最后报价: RM0.845
目标价: RM0.96, RM0.99
支撑: RM0.785
止损: RM0.78
买入，目标价 RM0.99，止损文 RM0.78。昨
日 ， CMT 在 较 高 的 成 交 量 中 ， 成 功 穿 过
RM0.845 的突破位。我们预计该股将持续移动
朝向 RM0.995 的先前高位。这看涨动力有
MACD 和 DMI 指标上行所支撑，显示近期动
力强化中。
预计期限：2 周至 2 个月

Comcorp owns one of the best EMS company in Malaysia with customers from USA like Motorola, Halliburton (world 2nd largest O&G services co) etc....

For EMS play, VS pe 22x, BSL pe 12x (hotly promoted now), Comcorp what! pe only 7x!, can u believe it? so much room to push up....

solid full year result with EPS 12.57cents... this year potential hitting 16 cents...

manufacturing segment

1)increase of orders from customers
2)New ODM products commercialisation

SIMS segment

1)Cost cutting measures to mitigate losses are to be implemented

Green energy sector is expected to contribute positively towards the growth and profitability of the Group

1) we are seeking SEDA approval to extend the IOD and FiT dates to 30 June 2017 and 31 July 2017 respectively. Barring any unforseen circumstances, we are expecting the revenue contribution from our renewable green energy plant in the second half of the financial year

2)We have been shorlisted for some of the advanced gasification system projects overseas. already got 1 so far as higlighted by someone here previously... http://www.sunstar.com.ph/cebu/local-news/2017/01/24/town-build-waste-facility-521745

I think CAGR of 17% is the conservative figure based on a tenancy ratio of 1.0x. What is the chances it will remain at 1.0x for the next 3 years?

The group is well positioned to increase Myanmar tenancy ratio with additional tenants.The towers are designed for a maximum of three tenants. Thereafter, minor upgrading works are required for additional tenants.The scalability of OCK’s Myanmar towers could further lift our base-case earnings projection by 21% and 38% in 2017 and 2018 respectively (assuming higher tenancy ratio of 1.2x, from base case of 1x). This translates into blue-sky 3-year earnings CAGR of 31% (versus base case of 17%).

preimuim could trade much higher for a growth stock like OCK....

OCK offers good growth prospects

OCK (OCK MK/BUY/Target: RM1.00) is a key beneficiary of rising data volume in
frontier emerging markets. The group can leverage on Telenor Myanmar’s rapid network
expansion while the recent acquisition of SEATH (Southeast Asia Telecommunications
Holdings) in Vietnam provided for a meaningful footprint in the country’s growing market.
Key re-rating catalysts include: a) additional tower lease contracts secured in Myanmar
and/or Vietnam, and b) higher tenancy ratio. Beyond 2017, OCK is poised to secure an
additional 2,000 tower lease contract in Myanmar. This, we believe, is driven
predominantly by Telenor Myanmar’s aim to become the No. 1 operator in Myanmar with
a leadership position in data network and digital enablement.

OCK Group Bhd - More Towers Up

OCK is poised to deliver a strong 3-year (2015-18) core PATAMI CAGR of 22%, underpinned by its enlarged towerco assets. Maintain OUTPERFORM call with unchanged TP of RM0.96, based on DCF valuation (WACC: 9.1%, TG: 1.5%).

Solid closing for FY16. OCK reported a strong revenue growth of 29% YoY (to RM407m) in FY16 with EBITDA advancing 28% YoY, in tandem with its top-line performance. Its PATAMI, however, recorded lower growth of 0.8% YoY (to RM25.8m) as a result of forex loss of RM3.2m and under-provision of prior year taxes of RM1.9m. Stripping-off these EI items, its normalised core PATAMI would have grown 40% YoY to RM31m. OCK Yangon’s tower business, meanwhile, contributed its maiden revenue of RM6.7m (from c.600 revenue generating sites) since 2H16 and recorded a PAT of c.RM1m. Dividend-wise, while OCK did not recommend any dividend in conjunction with its 4Q16 result release, the group does not discount that it may reward its shareholders in the later stage.

OCK has completed and handed over 604 sites to Telenor Myanmar as of mid-Feb 2017 and expects to complete all 920 towers by 2Q17 (from initial target of 1Q17 followed by more detailed site surveys conducted by Telenor Myanmar, which could lead to the remaining towers being built in more strategic city-centric locations). The changes could yield an advantage for OCK as those sites could provide good co-location potential and attract additional tenants in the future.

we also understand that discussions of the long-term lease have commenced with Myanmar Post and Telecommunications (MPT) on co-locations, which could further enhance tenancies moving forward, if successful. The Myanmar project is expected to contribute c.RM60m revenue per annum (based on a tenancy ratio of 1.0x) with a lucrative targeted EBITDA margin of c.60%. Should OCK Yangon manage to improve the tenancy ratio, it would provide a positive catalyst to OCK’s forward earnings thanks to the lucrative margin contribution.

Vietnam tower business. we also gather that SEATH is aiming to increase its asset base by additional 300-400 sites per annum with selfgenerated fund.

Targets to complete 920 towers for Telenor by 1Q17. The group has completed and
handed over 500 sites to Telenor Myanmar as of Dec 16. As such, we believe the group
is on track to complete the remaining 420 towers by end-1Q17. Separately, we note that
there is a variation to the site survey, which resulted in more strategic city-centric
locations being planned by Telenor Myanmar......, we believe these changes
are an advantage for OCK as they provides good co-location potential (additional tenants)
in the near future.

$$$ coming....


Finally Vietnam deal completed....

Group Managing Director of OCK, Mr. Sam Ooi said, “....We intend to grow the business and will leverage on OCK’s experience to expand further in Vietnam. We will tap onto the launch of the 4G/LTE in Vietnam.With the completion of this acquisition, SEATH will start contributing to OCK’s financials.

And

Finally Myanmar awards fourth telecoms license....

http://www.thestar.com.my/tech/tech-news/2017/01/13/myanmar-awards-fourth-telecoms-license-as-mobile-market-heats-up/

OCK Group: Solid Earnings Trajectory In 2017 UOBKayHian

Key re-rating catalysts: Higher co-location potential… The group is well positioned to
increase Myanmar tenancy ratio with additional tenants. Telenor has a two-month
exclusivity before OCK is allowed to sign on a second/third tenant. The towers are
designed for a maximum of three tenants. Thereafter, minor upgrading works are required
for additional tenants. At this juncture, we understand government-owned Myanmar Post
and Telecommunication (MPT) are interested in some of OCK’s tower sites as they have
signed a short-term tenancy contract (6 months).

…provides scope for earnings upside. The scalability of OCK’s Myanmar towers could
further lift our base-case earnings projection by 21% and 38% in 2017 and 2018
respectively (assuming higher tenancy ratio of 1.2x, from base case of 1x). This
translates into blue-sky 3-year earnings CAGR of 31% (versus base cash of 17%).

Intriguing target to build 300-500 towers per year...

OCK集团管理层接受《东方財经》的访问时表示，股东们在会议上並无提出太多的问题，但对OCK集团这项收购计划寄予厚望。SEATH公司目前共有1968座电讯塔，分別出租给VNPT、Viettel及Mobi Fone。

OCK集团首席执行员叶伟奇表示，「目前，我们已经获得3000万美元银行的贷款融资，而剩余的2000万美元，將各自由OCK集团及CAPASIA电讯承担，分別为1200万美元和800万美元。」

他也冀望未来每年可在越南建设300至500座电讯塔。

4G roll-out opens up investment opportunities in Vietnam’s telecoms sector

Four of Vietnam’s mobile telecoms providers will begin rolling out 4G in 2017 – Viettel Group, MobiFone, Vinaphone and Gtel Mobile – after the government granted them licences for the advanced network service in October. The operators will hold the rights to 4G services until the end of the third quarter of 2024.

any reason to sell now when 2017 is going to be a great year for OCK ? already more than 400 towers everyday generating cash in USD.... it is only getting better, a busy time in vietnam for OCK next year for sure beside finishing the remaining towers in Myanmar for Telenor....

last year price drop, Sam didn't bother... but this time drop a bit, and he step in to buy....I might be wrong but who (insider) knows the future earning better than Sam?

Fourth telco hoping to get licence for Christmas...U Zaw Min Oo, a director of Myanmar Technologies and Investment Corporation – one of the 11 local firms – told The Myanmar Times this week that he expects the telco to receive its licence on December 21. The new telco will hold a press conference in Yangon on December 23 after receiving the licence, he told The Myanmar Times this week.