Posted by sosfinance > 2018-01-02 23:57 | Report Abuse

A quick and simple way to value OCK.

1) Tower biz (Market Accepted method is using EBITDA Multiple 10X)
2) Non Tower biz (Telco services + Solar Energy) using PE of 15x

1) EBITDA generated from tower biz by 2018 is estimated about RM60m. So, 10x EBITDA is RM600m. (refer analyst reports)

2) Non tower biz is expected to make around RM28m in 2018. So, the value is about RM420m.

3) Total estimated value is RM1.020b. NOSH = 871m shares. Estimated intrinsic value is RM1.17 per share. Both (1) and (2) is growing, value will grow accordingly. <AES excluded>. Upside from 90 sen is about 30%. Timing wise, nobody know.

Posted by Practical Planner > 2018-01-03 09:24 | Report Abuse

Have talked to OCK engineers, they are not motivated!!!!

These are their complaints
1) bonus not high eventhough good performance
2) salary not that high compared to others like edotco,
3) No employee share option, delay forever, always says coming coming but delay forever

they suspect must be Mr OCK makan all by himself? very selfish guy lah...

Those who are close to Mr OCK please push him. otherwise employee is the greatest asset in the company, yet the assets are not rewarded, why should they push????

Must prosper thy neighbours... then everyone will take care of each other.. the boss will also benefit.. otherwise his share price keeps dropping.. and dropping ... and dropping.. what kind of boss is that????

Posted by ez6699 > 2018-01-03 09:47 | Report Abuse

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

Posted by ez6699 > 2018-01-03 10:38 | Report Abuse

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

Posted by ez6699 > 2018-01-03 12:13 | Report Abuse

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

Posted by sosfinance > 2018-01-03 13:09 | Report Abuse

Sooner or later gap between the price and value will reduce. Frankly, tower biz model is less risky than Toll, IPP or other infrastructure which has higher construction risk (takes 3 years) & tower biz has the ability to increase its tenancy ratio if their price are competitive.

One of OCK's moat is their capex competitiveness that allow them to be competitive in pricing and win more tenants (improve in tenancy ratio + building new towers for MPT).

Once investors research more about tower biz, they will be convinced. Unfortunately, Malaysia does not have listed towerco to compare, hopefully edotco will be next.

Posted by Zai Zai > 2018-01-03 13:21 | Report Abuse

wait until the listed US10b of china tower and there will realize klse do have this kind of similar company

Posted by michael_lee > 2018-01-03 16:51 | Report Abuse

Luckily cut loss ock and pump into ethereum and cardano. Recover losses and profit in less than 2 weeks. This kind of shit counter give dividend also nobody wanna buy.

Posted by Zai Zai > 2018-01-03 17:23 | Report Abuse

njhl

Posted by rkgfantasy > 2018-01-03 17:24 | Report Abuse

how about binasat ?
i see the IPO introduction, they say conplatator is OCK, Redtone those

Posted by ez6699 > 2018-01-03 18:04 | Report Abuse

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?

Posted by ez6699 > 2018-01-03 18:12 | Report Abuse

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....

Posted by rkgfantasy > 2018-01-03 20:35 | Report Abuse

base on the trade, i think currently absorbe share is not a retail investor
wonder who is the one keep buy at 0.900 to support the price
director and major share holder also disposing

Posted by Keelip Danny > 2018-01-03 21:04 | Report Abuse

ez6699 mind to share the source of info? thanks

Posted by VFTRADER > 2018-01-04 08:31 | Report Abuse

China Tower suppose to list in CQ4'17 but postponed to 1H this year. This is bcoz HK introduce/revise few exchange regulation like 同股不同权 to attract more world big IPO. (They lost Alibaba to America 5 years ago).

Posted by VFTRADER > 2018-01-04 10:43 | Report Abuse

market now rotational play. 1 day will come to here..

Posted by KISSinvest > 2018-01-04 12:22 | Report Abuse

but they can manipulate ur selling and buying behavior ma

Posted by KISSinvest > 2018-01-04 13:30 | Report Abuse

imagine if they keep this low for 1 more year i think most likely u and me won't be here ady

Posted by michael_lee > 2018-01-04 15:00 | Report Abuse

Hahahah 1 more year ethereum gonna be $3k and cardano gonna be $3. Min 300% gain.

Posted by joe2703 > 2018-01-04 15:46 | Report Abuse

@michael_lee, then why are you here ? :) no need to invest in stock market la.... sai lang all your money into ethereum and cardano lor... sell your car, sell your house, sell your underwear and sai lang everything la...

Posted by rkgfantasy > 2018-01-04 16:19 | Report Abuse

kissinvest, 1 years too less lol
i think at least 3 years to shake away me

Posted by VFTRADER > 2018-01-04 16:49 | Report Abuse

https://mbd.baidu.com/newspage/data/landingshare?pageType=1&isBdboxFrom=1&context=%7B%22nid%22%3A%22news_9853508842445963036%22%2C%22sourceFrom%22%3A%22bjh%22%2C%22ssid%22%3A%22%22%7D

Reading pleasure

Posted by VFTRADER > 2018-01-04 16:51 | Report Abuse

https://view.inews.qq.com/a/20171217A0KKF600

Read 2nd page about Warren Buffet....

Have fun

Posted by Zai Zai > 2018-01-04 17:10 | Report Abuse

http://www.theedgemarkets.com/article/axiata-said-consider-us500m-tower-unit-ipo-year

Posted by funda > 2018-01-04 17:21 | Report Abuse

already 1 year + holding this ...dont mind to hold longer...haha

Posted by chooheng > 2018-01-04 17:45 | Report Abuse

Son 2020 mature.wanna hold longer also cannot. If then mother still like 98, rugi like hell

Posted by rkgfantasy > 2018-01-04 17:54 | Report Abuse

edotco announce listed !
fastest is 2018, i just see Nan Yang News

Posted by VFTRADER > 2018-01-05 08:30 | Report Abuse

http://www.thesundaily.my/news/2018/01/04/cimb-expects-jumbo-ipos-raise-rm10b-first-half-2018

1st H IPOs, it should include edotco since the val is so big.

Posted by VFTRADER > 2018-01-05 08:36 | Report Abuse

https://finance.sina.cn/2017-12-25/detail-ifypyuvc0835942.d.html


发财 VS 致富

Posted by rkgfantasy > 2018-01-05 09:35 | Report Abuse

not so surprise 10b ?
edotco 1 company worth 1.5billion usd or 6b myr le

Posted by sosfinance > 2018-01-05 14:39 | Report Abuse

Edotco listing will helps more investors to understand towerco business.

https://asia.nikkei.com/Markets/Nikkei-Markets/Malaysia-s-Axiata-Group-May-List-Edotco-Unit-In-500-Million-IPO-This-Year-Report

Edotco did a private placement in April 2017, selling its portion to INCJ & Khazanah based on EV/EBITDA for FY16, using a EBITDA multiple of 12.5x.

OCK's tower biz, focus on its EBITDA growth. You can check the EBITDA growth in some of the analysts reports.

Edotco IPO will help re-rating of Axiata, hopefully, by then more investors will understand towerco biz.

Posted by agentts > 2018-01-06 12:52 | Report Abuse

Looks like LTAT is disposing...

Posted by Jimmy Lim > 2018-01-08 00:49 | Report Abuse

habislah habislah

Posted by KISSinvest > 2018-01-08 12:57 | Report Abuse

let's see what's ock movement for the next two week then we will know

Posted by stainlyho37 > 2018-01-08 14:37 | Report Abuse

time to go in now ....

Posted by VFTRADER > 2018-01-08 15:11 | Report Abuse

http://finance.sina.com.cn/stock/usstock/c/2018-01-07/doc-ifyqkarr7701821.shtml

Not easy to attract Tencent to invest...

Posted by michael_lee > 2018-01-08 15:59 | Report Abuse

Prolly we're gonna see ockwa at 0.2 in 2 weeks time. Buy ethereum better

Posted by PASSIVESTOCK > 2018-01-08 17:32 | Report Abuse

@Michael_lee stock is not money game or ATM machine , why say so . Bit or Eth is your decision , here is stock forum , share...sharing platform ...

Posted by sosfinance > 2018-01-08 17:39 | Report Abuse

If I am in edotco, I will propose a take over of OCK at RM1.30 to RM1.50 per share (since now the share price is low) on the pretext of its expansion in Myanmar and Vietnam. Or gradually, mope up all the warrants over next one or two years, making it an associated company (by converting into shares).

Analysts is projecting EBITDA of about RM145m in FY2019. Paying EBITDA 10x, valuation is about RM1.4b or RM1.70 per share. Far more cheaper than paying very high for other acquisitions.

Just an idea.

Posted by PASSIVESTOCK > 2018-01-08 21:27 | Report Abuse

@sosfinance nice sharing ! Thanks your kindness info always

Posted by KISSinvest > 2018-01-08 21:44 | Report Abuse

can understand micheal_lee frustration, whoever still holding from last year high probably goes thru some sort of depression.

Posted by KISSinvest > 2018-01-08 21:46 | Report Abuse

20sen imho is not realistic la, if the share price keeps fluctuating around 90sen, 20sen is against rationalism.

Posted by KISSinvest > 2018-01-08 21:50 | Report Abuse

i wonder how many wa investors still here after all the drops and how much drop in percentage is really required to flush out or force ppl to sell their wa.

Posted by sosfinance > 2018-01-08 22:26 | Report Abuse

1. Evokest WB highest was 135 sen, lowest is 48 sen, dropped 87 sen. (now 78 sen)

2. Gadang WB highest was 74 sen, lowest was 37 sen, dropped 37 sen (now 48 sen)

3. UMWOG highest was RM4.68, lowest was 28 sen, dropped RM4.40 (now 45.5 sen) + so many oil and gas company dropped more than 70%.

4. Volatility is part of the game. Those with "sustainable & growing earnings," the price will will come back eventually, perhaps, timing will be an issue to some. Those without, wither away.

Posted by chooheng > 2018-01-09 09:38 | Report Abuse

confirm OCK hangus.

Posted by VFTRADER > 2018-01-09 10:11 | Report Abuse

market correction - market collection??

Posted by Zai Zai > 2018-01-09 10:13 | Report Abuse

http://docdro.id/TKQZWlv

Posted by zoomboom > 2018-01-09 10:22 | Report Abuse

"KISSinvest i wonder how many wa investors still here ......."

I'm still here, didn't spend a sen to buy WA... allocated by virtue of holding mother share. hehe..

I wonder if the "old man" syndrome OCK has is still valid. i.e. OCK only moves after others have moved ... - which gives time for investors to load up...


Jimmy Lim bro's "habis lah habis lah" comment does sounds a concern, but looking at the big picture, post "disposal" LTAT is still hodling 107million shares :-)... i wonder if its part of a strategy....

continue to watch.

steady.

Posted by ez6699 > 2018-01-09 10:43 | Report Abuse

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

Posted by ez6699 > 2018-01-09 10:46 | Report Abuse

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