Posted by Edwardong53 > 2017-12-21 19:46 | Report Abuse

Has been monitoring OCK since early 2016..... lucky didn't jump into it ..... still below 1.00

Posted by firehawk > 2017-12-22 16:17 | Report Abuse

evrything is good， except price

Posted by sosfinance > 2017-12-22 17:20 | Report Abuse

Focus on the cash flow from the tower business. Accounting useful lives of 20 years for towers is high, hence, lowered the EPS but cash flow will be higher.

For the first few years, profits are lower because of interest on loans. Once the repayment starts, profits will gradually goes up. Similarly, once the additional tenancy ratio fully recognised, cash flow + profits will improve.

Posted by funda > 2018-01-04 17:16 | Report Abuse

another benefit of buying OCK wa is the leverage effect...gearing of about 4x...very rare in the market...

Posted by bpng0904 > 2018-02-11 23:43 | Report Abuse

SOS, your sharing is very informative, however OCK share price has been rather frustrating. As of today, the market price is 81sen and ock-wa price is only 22.5sen.

I think the reasons for the fall in share price could be:
1. Fall short of target NP - in your first article on OCK, point 7 states that analyst projected PAT for FY2017 is between 35m to 45m. Current more realistic NP for FY2017 is between 30m to 31m. Nevertheless, until Q4 2017 result is released on end of Feb2017, we will never know.

2. High increase in total debt - 2016Q4: 146m, 2017Q1: 355m, 2017Q2: 386m, 2017Q3: 434m - hence higher finance cost, a drag on its bottomline

Can I get your view on the above two points? Honestly, my average price for ock wa is above 30sen and I am still holding now, it is not easy for me. But, one thing did surprise me is that OCK declared a dividend of 1sen for FY2017. Thank you.