Posted by ez6699 > 2016-10-13 15:49 | Report Abuse

Captain Sam wants to fly high.... can he?


OCK Eyes 25-30 Per Cent Revenue From Regional Business Next Year

Group Managing Director Sam Ooi said the group's optimism arises from its investments in Myanmar and Vietnam. "We have delivered about 300 telecommunications (telco) towers out of 920 telco towers to Telenor Myanmar and hope to hand over the remainder by the end of this year.

Ooi said over the next three to five years, the company would continue to build tower assets across ASEAN as part of its plan to grow its recurring income.

"As we started to explore the ASEAN region about three years ago, we see there's a huge potential, and we aim to be the top player in this region," said Ooi.

Posted by zoomboom > 2016-10-14 23:50 | Report Abuse

hopefully all "secretly" accumulating.....
patiently awaiting.... for my Musang King Durian runtuh... :-)

steady.

Posted by mjlee > 2016-10-15 08:13 | Report Abuse

may i ask wat is suspension of securities

Posted by sosfinance > 2016-10-16 11:11 | Report Abuse

Of course, I do not encourage others to follow blindly just because Brahmal has invested RM26m in this stock. However, you can rest assure his team has done due diligence on this company. So should you, if you are interested. He may add another RM30m.

The fact the share price has been consolidating between 70 sen to high of 85 sen over the last 24 months, really gave opportunity for those who have not get into the train yet, to jump in. Once the train starts moving, it is difficult to jump in.

Look at the issues objectively. Don't be sway by prominent shareholders. Similarly in another stock, Gadang, Fong Siling and KYY (more recent) have invested in this company. The fact that they have done a multiple proposal and kwasa land deal, and anticipated MRT2, it is worth a while to review it again. The fact the PE is only around 8X, and chances are good that earnings will grow 10-20% over next 5 years, provide a solid margin of safety. After all, the analysts expect the company to replenish about RM500m book order every year. Isn't Kwasa Land worth more than RM500m?

IJM Corp was once upon a time traded at RM66m. Today, after 30 years it is RM11.7 billion. So, sometime we may have different horizon of investment, so expectation will be different. The question we should consider:

Are we buying a wonderful biz at a fair price, or we rather to buy a fair biz at a wonderful price. The former has been proven to provide above average gain.

Posted by buddyinvest > 2016-10-16 11:18 | Report Abuse

Sos,

Gadang has recently won Kwasa's project. Details are scarce at this juncture.

According to newspaper, Gadang would give it a total financial return of RM165mil for both the land cost and profit sharing to Kwasa Land.

Side track, Hohup & Malton JV at Bukit Jalil City. Hohup provides the land, and Malton undertakes the development. In the JV, Hohup pockets 18% of sales.

Assuming the above JV model is adopted, then Kwasa is set to receive 18% of the GDV. If this is the case, then the kwasa contract worth RM916mil will added to Gadang's order book.

This is significant given that Gadang's construction order book is only at RM656mil and its unbilled sales at RM230mil as of Jun 16.

In accordance with reliable source, Gadang is set to clinch a viaduct MRT2 package.

Posted by sosfinance > 2016-10-16 11:44 | Report Abuse

Will discuss in Gadang. Not fair for OCK shareholders. I mentioned Gadang just to share that don't follow prominent shareholders blindly. That's the message. Do your own due diligence.

Posted by kingcobra > 2016-10-17 10:01 | Report Abuse

warrant starts moving BUT mother still idle?

Posted by bleuerouge > 2016-10-17 14:06 | Report Abuse

Yeah, dunno when the mother will move up, just waiting and waiting...TP 93c

Posted by char1234 > 2016-10-17 20:44 | Report Abuse

going sideways........good stock to hold for mid term

Posted by Ehome009 > 2016-10-18 11:31 | Report Abuse

This time it is coming for real. Yesssssssss!

Posted by Ehome009 > 2016-10-18 11:36 | Report Abuse

Brahmal finally performs his duty.

Posted by zoomboom > 2016-10-18 11:49 | Report Abuse

....

Posted by AHHLONGGG > 2016-10-18 11:50 | Report Abuse

Yes Brahmal..!!! Slowly learning.....But still not clearing the stubborn resistance of mother at 84.5 lo.. One more thing.. why only playing son lo.. Like this.. how to pass my mother holding to you.. no incentive maaa...
Need to jack up up up more la.....

Posted by Mini Bull > 2016-10-18 12:00 | Report Abuse

cuci pinggan

Posted by zoomboom > 2016-10-18 14:30 | Report Abuse

sosfinance bro, so if i wait for 30 years, OCK can become billion boh?
3 years liow. still got... 27 years to go. lol.

steady.

Posted by sosfinance > 2016-10-18 15:41 | Report Abuse

zoomboom bro, I cannot tell what will happen in 20 years, similarly, when someone bought IJM Corp when it was about RM100m, they did not know if they hold it for 30 years, it become RM12 billion. But based on DCF (UOB) as reference, RM1.30 based on sunny-day valuation (tenancy 1.15). I believe Myanmar should enjoy higher, say, tenancy 1.5 times, although management said 1.8 is their target. So, I leave it to you to do the maths. That is for next few years. (I don't believe many have read my article lately and actually done their own DCF based on tenancy of 1.5, else, then they will see the real potential)

However, if over the next few years, they acquire more towers, or buy back from PE or JV partners, then, we have to reevaluate or they may even consider IPO its towers. So, the value will continue to improve. I think they will rest for a short (at least until end of Dec/1Q17, after acquiring USD70m + USD50m). They may be busy again, if Telenor ask them to build the balance 2,000 towers. Or they may, acquire more towers in Vietnam, to consolidate the independent tower operators to make them more efficient when combined. We will have to look at the management views and actions over the next couple of years.

Posted by Ehome009 > 2016-10-18 17:02 | Report Abuse

Yet another ED syndrome. Sighhhhhhh.

Posted by zoomboom > 2016-10-18 18:03 | Report Abuse

sosfinance bro, TQ for your thorough explanation, as always.
don't worry, i anticipate i will be around for quite some time here... see if i can hold on till warrants expiry... and re-look back at this gem. hopefully by then, it would've turn out to be a diamond...

Ehome009 bro, patient.... it will come. lol.

focused.

Posted by sosfinance > 2016-10-18 18:39 | Report Abuse

Isn't it an opportunity to add at 80sen?

Warren Buffett said, "time is the friend of the wonderful company, the enemy of the mediocre".

He also said,

If we believe the management is not outstanding or the business is not outstanding, don't even waste time to own the biz for a minute. If you are not willing to hold a stock for ten years, don't even think about holding it for ten minutes.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

These are tested principles (in USA), applied it wisely (in the local market). Don't forget about common sense as well.

Posted by aidwiz > 2016-10-18 20:27 | Report Abuse

well said sos. im trying to hold on this one for a long time too.

Posted by sosfinance > 2016-10-19 09:19 | Report Abuse

WB also said "The stock market is a device for transferring money from the impatient to the patient."

That is for NYSE stocks.

For KLSE, we need to take it with a pinch of salt. There are some that fits that principle (IJM Corp, Nestle, Kossan, QL, DLady, Gamuda, Dialog etc) and there are also those may not (UMW, MAS, Proton, Perwaja, MAA, Cymao, Mudajaya).

We actually need: (1) outstanding biz (2) outstanding management (team) and (3) patience

Posted by zoomboom > 2016-10-19 13:09 | Report Abuse

aidwiz. i'll buzz u here in 2020. then we'll gauge the no. 3 patience portion haha.

sosfinance bro, thanks for your sharing.
indeed we learn many a new thing every minute - provided we let ourselves to learn......

is sure seems OCK has fulfilled (1) and (2) already....

focused.

Posted by funda > 2016-10-19 17:08 | Report Abuse

let see who among us still holding OCK at 2020 :P

Posted by zoomboom > 2016-10-19 17:25 | Report Abuse

funda. challenge accepted. lol...

i have seen quite a number come and go oredi.... hahaha...
so far, i think my "challenger" is zlyc.. hehehe.

zlyc bro don't hide laa... lol....

Posted by funda > 2016-10-19 17:36 | Report Abuse

I start accumulating from July 2016 onward, consider new comer compare to you guys here :P

Posted by sosfinance > 2016-10-19 20:06 | Report Abuse

Ooi puts in RM52m (RI), Brahmal RM42m(PP), Fund Management RM42 (PP), CapitalAsia RM34m (JV Partner), Syndicate Bankers RM164m (lenders), all money came in since Dec2015. Any investments need time to bear fruit. Unless the Brahmal factor comes in faster than expected, just hold on.

Posted by zlyc > 2016-10-20 09:33 | Report Abuse

i need not challenge as i am holding since day 1. durian runtuh berbakul-bakul. I confirm will hold at least end of this year :)

Posted by zlyc > 2016-10-20 10:05 | Report Abuse

very informative from sosfinance as always.

Posted by da4444 > 2016-10-20 10:30 | Report Abuse

Just passing by :)

Posted by zoomboom > 2016-10-20 17:33 | Report Abuse

lol. zlyc bro finally admitted..... walaoeh... durian runtuh berbakul bakul... bestnya....

Posted by smartinv > 2016-10-21 07:25 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5236121

Posted by zoomboom > 2016-10-24 14:03 | Report Abuse

don't know if this tells anything, but I guess OCK is considered small cap for both EPF and KWAP. (below rm1bil cap):
www.thestar.com.my/business/business-news/2016/10/24/push-for-small-caps/

I'm just a layman trying to connect the dots... surely OCK should be on their list eh?
plus Brahmal in the fray, looks like impending goreng2....lol
sosfinance bro, what's your take?

steady. patiently awaiting.

Posted by funda > 2016-10-24 16:56 | Report Abuse

they will conduct research on 300 companies out of 747 companies with lower than 1Billion Market cap... equivalent to 40%.... seem like the chance of them investing in OCK quite high....

Posted by sosfinance > 2016-10-25 16:27 | Report Abuse

@zoomboom, Brahmal+small cap are positive news. I am continuing to accumulate the warrant below 24sen (today). Am not sure what is their criterions for the small cap selection, but, I like the fact that OCK business model is great and also <RM1.0bil market cap.

Good biz model stocks are getting harder to find (like buying a good toll road). Time will tell.

One day, when more foreign research houses realise its fantastic biz model, and with one or two more acquisitions, the price will catch up with the fair value. (RM1.40 imho). When we are too early, sometime they said you are "dreaming".

I have a friend who is migrating to Canada, so, in March 2016, I gave that person a sincere farewell gifts, one is OCK (70sen) and the other is Gadang (RM2.10). I hope we remain friends few years down the road.

The result of Myanmar and Vientam deals can only be seen by August 2017 announcement (1H2017). If FYE 16 is positive, and 1Q17 is still growing, then, likely it will be recognised by May/June 2017.

Posted by zoomboom > 2016-10-26 12:07 | Report Abuse

sosfinance bro, thank you for your sharing. yeah man, Gadang is so Garang... flying high :-) congrats to the long term holders, must be laughing all the way to the bank now..

i am in dreamland still.... hopefully when i "wake up" in 2020, will be delighted to see how OCK has become a polished diamond.... just dreaming for now... lol

so generous of you to gave that friend such wonderful gifts - hope he is still holding the shares?

steady. focused.

Posted by kingcobra > 2016-10-27 08:22 | Report Abuse

ARE U READY 2 GO FURTHER NORTH???

Posted by zoomboom > 2016-10-27 11:10 | Report Abuse

kingcobra bro, we (the long term kaki , if they let me speak for their behalf too) are all ready since the longest time .... lol.....

r u gonna goreng2 soon? hehe....

steady.

Posted by AHHLONGGG > 2016-10-28 17:15 | Report Abuse

Haiya Brahmal.... Playing last minute game only ha??? How to break the resistance if like this.. People not notice one la... Some more... still playing warrant only... when to really play up the mother ma... I am still waiting to release my holding to you maa but now ..waiting too long all ready.. If all time like this... you are making me lost interest to sell ma..
Quick.. quick push la.....

Posted by 360Capitalist > 2016-10-29 09:17 | Report Abuse

OCK - Definitely will be one of the Small and MidCap Stocks target by Government GLC RM3Billion Investment Fund. You will see the strong upsurge in 2017 in tandem with company's revenue and profit growth.

Posted by kingcobra > 2016-10-30 16:42 | Report Abuse

more 2 come next week esp OCK-WA !!!

Posted by VFTRADER > 2016-11-02 20:27 | Report Abuse

http://www.dealstreetasia.com/stories/vinacapital-delays-stake-sale-in-seath-to-ock-group-57107/

Posted by Sebastian Sted Power > 2016-11-02 22:46 | Report Abuse

http://www.theedgemarkets.com/my/article/telenor-shifts-myanmar-focus-data-services-hyper-growth-era-ends

Posted by Kana Miko > 2016-11-03 08:51 | Report Abuse

anyone can share UOB Kay Hian OCK latest report?

Posted by ez6699 > 2016-11-03 20:00 | Report Abuse

UOB revised previous TP 0.95 to 1.0....

Posted by bleuerouge > 2016-11-03 22:01 | Report Abuse

so long sideways

Posted by chooheng > 2016-11-05 12:28 | Report Abuse

After revise to....price drop. How sincere.

Posted by funda > 2016-11-05 18:52 | Report Abuse

OCK is in cold eye top picking list.

Posted by Pavillion > 2016-11-05 19:26 | Report Abuse

Few more sen will break 200days support...if fail to rebound.

Posted by ez6699 > 2016-11-05 20:18 | Report Abuse

OCK Group: Towerco: The Building Blocks Of Quality Earnings

We came away from a recent meeting more sanguine on the back of 2017’s growth prospect anchored by maiden contribution from Myanmar towerco and the inclusion of Vietnam towerco acquisition. We also see scope for earnings upgrade in 2018 driven by higher tenancy ratio from both Myanmar and Vietnam. We expect OCK Myanmar to sign on a second tenant as early as 1Q17. In all, we raise 2017 net profit by 4% with the inclusion of Vietnam towerco with a higher fair value of RM1.00/share. Maintain BUY.

Source: UOB Kay Hian Research

Posted by chamlo > 2016-11-07 22:48 | Report Abuse

PE 25 cheap?
http://klse.i3investor.com/servlets/stk/fin/0172.jsp