Posted by Huat Huat > 2017-08-08 17:44 | Report Abuse

为何跌不停？

Posted by abang_misai > 2017-08-09 06:55 | Report Abuse

30 sen beli, kita jual 33sen. Main kontra

Posted by Practical Planner > 2017-08-09 09:13 | Report Abuse

pandai.. saya dah beli 29.5 minggu lalu, queue kat 35. tak main kontra.

Posted by Practical Planner > 2017-08-09 09:14 | Report Abuse

pandai.. saya dah beli 29.5 minggu lalu, queue kat 35. tak main kontra.

Posted by rkgfantasy > 2017-08-10 10:13 | Report Abuse

nearby QR result, hope this wave is turning point, all the way to TP price 1.xx

Posted by sosfinance > 2017-08-10 12:20 | Report Abuse

RHB's report

http://cdn1.i3investor.com/my/files/dfgs88n/2017/08/10/1506167321-222268158.pdf

I do not agree with RHB using enlarged share base (to calculate value per share) on assumption that all warrant holders (264m) convert into ordinary shares. In reality, warrants normally traded at premium few years before expiry (in this case 12-15%), and held by mainly retail investors, CONVERSION is NOT LIKELY.

Posted by samyew1234 > 2017-08-10 12:26 | Report Abuse

ooi kok hwa said last bull and all in, luckily didn't listen to him

Posted by Zai Zai > 2017-08-10 13:22 | Report Abuse

i agree with you sos.
between,Practical info is correct
Thumb up

Posted by Zai Zai > 2017-08-10 13:59 | Report Abuse

abbreviation
https://ibb.co/e6Tuba

Posted by Practical Planner > 2017-08-10 21:24 | Report Abuse

Ideally1.5sen up per weekly should be the. Best. Then can sustain. If 1 day 3 sen sure people take profit one

Posted by sosfinance > 2017-08-11 17:29 | Report Abuse

Accumulated some @ 30.5sen based on RHB:
1) RM90m build and leaseback with Mytel
2) Mytel became 3rd tenant (no figures given)
3) Telenor clear another 100 sites for deployment
4) Vietnam continue to ramp up new BTS
5) Possible M&A
(mostly are value for longer term)

Posted by VFTRADER > 2017-08-13 10:16 | Report Abuse

Exchanged of market infor on tower business in Msia with tower contractor:

[a] 3 leg tower.
Build cost est =RM300k (very closed to OCK figure)
Rental rev per month = basic package with 3 telco tenant = min rental revenue is Rm10k-15k/mth.

[b] rooftop station
Spece rental = RM3k to 5k/mth to shop owner depending on location.
Total revenue rental collected from telco = not sure

So from here, look at SEATH infor again.
FY2015, rev=RM49mil
Total tower = 1,983.
Rev/tower/yr = RM25k.
Rev/tower/mth = RM2k.

Remarks:
[a] The rental revenue is very much lower compare to Msia rate.
[b] 2 possible case: too competitive or under charge.

Opportunity:
If it is under charge, then potential of rev upside will be very strong.


PLEASE ADVICE.

Posted by Zai Zai > 2017-08-13 13:11 | Report Abuse

VF, you are correct!

Seath Revenue vs Net Profit
FY13 : Revenue : RM46.4m ; Net profit : RM7.6m
FY14 : Revenue : RM48.5m ; Net profit : RM7.2m
FY15 : Revenue : RM48.9m ; Net profit : RM7.4m
Last 3y profit margin is thin because VNI been a fund manager, didn’t concentrate on maximizing the efficiency of the towers.
With OCK managing the operations, we will be able to reduce Seath’s high operating costs and manage it efficiently to increase profit margins

Posted by VFTRADER > 2017-08-13 15:50 | Report Abuse

Relook on Axiata article about edotco infor:

[a] est Rev in FY17 = RM1.5bil
[b] Total tower owned = 17,500

Average rev
[1] Per tower per year = RM85k.
[2] Per tower per mth = RM7k.

Seems like rental for SEATH tower was under-charge...

Posted by VFTRADER > 2017-08-13 21:03 | Report Abuse

https://www.dbs.com/aics/pdfController.page?pdfpath=/content/article/pdf/...

Based on the dbs research, XL is offering Rp10m/mth rental for Indonesia market which translate to US$750/mth (RM3k)

Posted by sosfinance > 2017-08-14 12:04 | Report Abuse

VFTRADER - unable to open the link. Please resend.

ZaiZai - yes, profit a bit low (OCK should be able to improve it), however, the depreciation is about RM16-18m. So the EBITDA/cash flow is not too bad. RM7.4m + RM17m = RM24.4m p.a.

Posted by VFTRADER > 2017-08-14 20:34 | Report Abuse

https://www.google.com/search?q=Indonesia+listed+tower+company&oq=indonesia&aqs=chrome.0.69i59j69i57j35i39j69i60j0l2.5559j0j7&sourceid=chrome&ie=UTF-8

sos, this link ok?

Posted by sosfinance > 2017-08-14 21:53 | Report Abuse

Tx VFTRADER. Very comprehensive report.

Posted by VFTRADER > 2017-08-15 21:04 | Report Abuse

TQ Zai Zai

Posted by ttt > 2017-08-16 10:33 | Report Abuse

oooo OCK website under construction

http://www.ock.com.my/index.html

Perhaps some new rebranding exercise since they are more "regional" now,.,,

Posted by sosfinance > 2017-08-16 21:39 | Report Abuse

2Q will be a positive surprise. 3Q will even be better. 4Q will confirm OCK growth is real.

Posted by chl1989 > 2017-08-17 12:08 | Report Abuse

sosfinance, my expectation on Q2 is 10mil net profit. i hope it can reap its rental income from 600 towers in Myanmar. do you think it is realistic? :)

Posted by rkgfantasy > 2017-08-17 12:24 | Report Abuse

Q2 10m nett profit sound abit over expectation, i guess is somewhere around 6-7

Posted by zlyc > 2017-08-17 15:35 | Report Abuse

i estimate net profit 8.5M+-

Posted by VFTRADER > 2017-08-18 15:50 | Report Abuse

RHB was OCK IB on Seath purchase.
So RHB research worth to take a look.

Posted by rkgfantasy > 2017-08-18 16:56 | Report Abuse

RHB lower TP le, don't talk like that la, i borrow ah long buy this stock 1
Anyway, i believe in RHB, last years they recommend Pmetal and it raise 4xx% in 24 month time

Posted by Bizfuneng > 2017-08-18 17:17 | Report Abuse

RHB can change story very fast.....Nvr mind lah ah along you extension.

Posted by makemoney1 > 2017-08-21 16:14 | Report Abuse

Why is ock volume so low?? All long term investor??..

Posted by Sebastian Sted Power > 2017-08-22 11:01 | Report Abuse

because long term investor bought and keep liao

makemoney1 Why is ock volume so low?? All long term investor??..

Posted by GTMS > 2017-08-22 16:30 | Report Abuse

perhaps not so impressive result

Posted by PASSIVESTOCK > 2017-08-22 17:47 | Report Abuse

whn result out ?

Posted by GTMS > 2017-08-23 11:08 | Report Abuse

nil volume today ...

Posted by sosfinance > 2017-08-23 15:50 | Report Abuse

calm before a storm. fasten up.

Posted by makemoney1 > 2017-08-23 16:15 | Report Abuse

Situation like this...might be limit up....

Posted by PASSIVESTOCK > 2017-08-23 16:22 | Report Abuse

All need is holding power ...

Posted by stockistlearner > 2017-08-23 17:12 | Report Abuse

old man stock need time to regain energy....

Posted by rkgfantasy > 2017-08-23 21:07 | Report Abuse

i'm happy with the current volume,
Something can't down sure will rebound, something can't up sure will fall
volume like this mean market already expect poor result, even if it come out with poor result the price won't down too much too, but anything meet the expectation it simply 15-20% profit

Posted by makemoney1 > 2017-08-24 12:30 | Report Abuse

Look at the buy queu....something really really massive is coming..!!

Posted by VFTRADER > 2017-08-24 21:43 | Report Abuse

1 announcement today.. are they start venturing into power related business??

Posted by michael_lee > 2017-08-24 22:40 | Report Abuse

Milab is their existing solar power plant biz

Posted by VFTRADER > 2017-08-25 09:50 | Report Abuse

From OCK AR, solar business is under OCK Setia Eng which owned 51% of EL Power Tech.

Posted by abang_misai > 2017-08-25 12:32 | Report Abuse

dead fish

Posted by GTMS > 2017-08-25 13:08 | Report Abuse

more opex expenditure ...dun expect the share will soar ...

Posted by rkgfantasy > 2017-08-25 15:45 | Report Abuse

those queu gone, lol
so mystery

Posted by bpng0904 > 2017-08-25 22:23 | Report Abuse

Anyone have any idea on the queue? Why there is such phenomenon? What is their intentions?

Posted by sosfinance > 2017-08-26 12:00 | Report Abuse

OCK biz model is simple and straight forward:

1. To be a independent towerco via greenfield (Myanmar) and brownfield (Vietnam)

2. To grow in number of towers + cost optimisation + tenancy ratio

3. To grow to sufficient towers via conventional bank financing

4. Once, sufficient in size, monetise via IPO, pay down loans and used additional equity to expand further.

5. Buying OCK (or its warrants) today is like buying a towerco biz at "pre IPO" price. More M&A in the towerco sector is expected.

Posted by GTMS > 2017-08-28 09:46 | Report Abuse

result show be anytime this week ?

Posted by rkgfantasy > 2017-08-28 11:51 | Report Abuse

i wonder the USD fall will cause OCK forex lost ?

Posted by abang_misai > 2017-08-28 12:43 | Report Abuse

Sell. You see all counters drop after result

Posted by GTMS > 2017-08-28 14:46 | Report Abuse

growing needs nutrients (money) for production...operation ...expansion ...