OCK GROUP BERHAD

KLSE (MYR): OCK (0172)

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Last Price

0.555

Today's Change

-0.005 (0.89%)

Day's Change

0.55 - 0.56

Trading Volume

617,400


19 people like this.

10,834 comment(s). Last comment by damansaraeagle 5 days ago

warchest

1,784 posts

Posted by warchest > 2018-11-02 14:40 | Report Abuse

GuYYYYYYYYYYYYYYYYYS

warchest

1,784 posts

Posted by warchest > 2018-11-02 14:40 | Report Abuse

limit up soon prestariang

shpg22

2,984 posts

Posted by shpg22 > 2018-11-02 23:51 | Report Abuse

Terrible finance. Negative FCF all the way since IPO (6 years), right issue, high leverage and poor liquidity. To me this is a rubbish company. But anyway I ll put a fair price to it at 0.5x NTA @ 0.24.

rkgfantasy

1,187 posts

Posted by rkgfantasy > 2018-11-04 11:48 | Report Abuse

1 Billion Budget is ready to improve boardband infastuature

warchest

1,784 posts

Posted by warchest > 2018-11-06 07:10 | Report Abuse

Even got 1 bil budget under PH, these will be through open tender. OCK only do well during previous government. As we all know, OCK is not competitive in pricings

warchest

1,784 posts

Posted by warchest > 2018-11-07 09:13 | Report Abuse

So many quality companies to buy from Bursa. why choose a rubbish company with bad quality of earnings and bad management. U know the answer

Posted by Platypus88 > 2018-11-08 17:03 | Report Abuse

What happened to OCK? Market drop the share drop, market up the share still drop????

rkgfantasy

1,187 posts

Posted by rkgfantasy > 2018-11-08 17:21 | Report Abuse

Affin Hwang related company selling huge amount of OCK
but if you see clearly, those stock are buy by another big banker
(those buy 100k-300k unit in 1 transaction )

Posted by Invest_Sensibly > 2018-11-09 16:36 | Report Abuse

that is why he called himself SOS (save ourselves)

rkgfantasy

1,187 posts

Posted by rkgfantasy > 2018-11-09 21:35 | Report Abuse

it look like some someone kena margin call !

chooheng

318 posts

Posted by chooheng > 2018-11-13 08:51 | Report Abuse

such a bright future shares..end up like this. nothing is predictable. result and trend better than future index forecast.

mukhriz02023

1,291 posts

Posted by mukhriz02023 > 2018-11-13 08:52 | Report Abuse

Lousy future

warchest

1,784 posts

Posted by warchest > 2018-11-13 15:12 | Report Abuse

OCK Is dead

warchest

1,784 posts

Posted by warchest > 2018-11-13 15:12 | Report Abuse

OCK based on PE valuation is 30 cents

warchest

1,784 posts

Posted by warchest > 2018-11-13 15:31 | Report Abuse

OCK is terrible. Market on uptrend, it goes down and market on downtrend, it goes down

warchest

1,784 posts

Posted by warchest > 2018-11-13 15:31 | Report Abuse

OCK is rubbish

Posted by SweetNovember > 2018-11-13 17:09 | Report Abuse

wow tissue paper ke... stay tuned uncle Sam.

warchest

1,784 posts

Posted by warchest > 2018-11-14 17:26 | Report Abuse

Most likely they won't get any contracts from malaysia

Posted by Invest_Sensibly > 2018-11-14 17:28 | Report Abuse

OCK is set to record first quarterly losses since listing

rkgfantasy

1,187 posts

Posted by rkgfantasy > 2018-11-14 18:50 | Report Abuse

why will losses ?

chooheng

318 posts

Posted by chooheng > 2018-11-14 22:10 | Report Abuse

why vietnam in so prosperous stage
want to sell seath to a malaysia small cap company. smhow i cannot understand. nvm...wait n see.

warchest

1,784 posts

Posted by warchest > 2018-11-14 22:14 | Report Abuse

I believe next results would be bad.

Posted by SweetNovember > 2018-11-15 11:07 | Report Abuse

Rubbish company!!!

Posted by SweetNovember > 2018-11-15 22:45 | Report Abuse

This company owner damn useless ass Brain!! Lousy company!!

warchest

1,784 posts

Posted by warchest > 2018-11-16 10:00 | Report Abuse

The director is a conman. Spending too much but no results. Need to review and keep instigate new measures to turnaround the Company including reviewing back on how all the money have been spent for the last few years. To cancel on the directors renumeration and also ESOS if any

Flintstones

1,762 posts

Posted by Flintstones > 2018-11-16 10:01 | Report Abuse

All the sifus still holding? OCK valuation is more rational at this price.

warchest

1,784 posts

Posted by warchest > 2018-11-16 10:02 | Report Abuse

Now is time to put a SOS finance measures = Save ourselves Finance. Kick out all the non-performing directors and key management team

abcb

2,914 posts

Posted by abcb > 2018-11-16 11:42 | Report Abuse

OCK (0172) and BINACOM(0195)
Which one is more potential to move up in future?

warchest

1,784 posts

Posted by warchest > 2018-11-16 13:12 | Report Abuse

i would choose binacom. the reason is they don't have a cunning management and PE is much cheaper. I maybe wrong

rkgfantasy

1,187 posts

Posted by rkgfantasy > 2018-11-16 21:32 | Report Abuse

Mr Low have to cut losses too

abang_misai

2,550 posts

Posted by abang_misai > 2018-11-17 11:20 | Report Abuse

It’s time to push SOS button.

Posted by commonsense > 2018-11-18 08:09 | Report Abuse

My target PATAMI for FY18 is RM20mil max. At the current price, the valuation is already 17.9x PE. Not sure if FY2019 would be any different as the company has a lot of debts in its book and with the trend of even higher interest rates, this might effect the company's financials going forwards.

There is an article on the company in this week EDGE Weekly. The MD, Sam Ooi Chin Khoon believes the downtrending of the stock price is mainly due to selling pressures from institutional syariah funds given that OCK is no longer a syariah compliant stock. He expect the selling pressure to continue as there is still 1.5% shares or 13.1mil shares outstanding being held by these funds. However once the syariah funds are out, the stock will rebound back.

In my opinion it still depends on the company's financial performance. Hopefully they will post better 3Q and 4Q results which would help bring down the valuation of the stock. At the current price it is still expensive (given that PATAMI growth is also a doubt).

Can anyone else share their PATAMI target for FY18 and FY19? Analyst has an average of PATAMI target or RM26mil and RM32mil for FY18 and FY19 respectively. This values the company at 11.1x fwd PE.

lizi

1,968 posts

Posted by lizi > 2018-11-18 08:16 | Report Abuse

director Low brought at 0.435 and cut loss half at 0.4... what is he doing? trading at closed period is very sensitive one...not scare of kena accused insider trading ah?

rkgfantasy

1,187 posts

Posted by rkgfantasy > 2018-11-18 09:09 | Report Abuse

commonsense: Mind to share the article ?
Anyway, it quite make sense, because current price of OCK is lowest since IPO

Posted by commonsense > 2018-11-18 12:18 | Report Abuse

hi rkgfantasy,

Sorry not sure how i can share it since the article is in Edge Malaysia (weekly edition). I bought the physical newspaper. not sure if we can find it online. Its on page 24 titled "OCK mulls spin-off listing of towerco business".

VFTRADER

787 posts

Posted by VFTRADER > 2018-11-18 14:53 | Report Abuse

http://www.klsescreener.com/v2/news/view/458370

Anyone can say positive or negative news from here....depend how investors look at this ind.
key point = 5,000 towers....and Sam has highlighted this 3 yrs ago.

NJOY.

Posted by commonsense > 2018-11-18 15:24 | Report Abuse

But you have to give it to Mr Sam Ooi Chin Koon. He has been acquiring the shares when others seems to be selling. I think he started acquiring them since the price drop to RM0.80. The last time he sold his shares was back in June 2015.

So you can be sure that at the current price he himself thinks it is undervalue.

rkgfantasy

1,187 posts

Posted by rkgfantasy > 2018-11-18 16:25 | Report Abuse

Guy, we need to have prepare OCK going to drop further to 0.360 due to shariah issue
because those financial institution sold 0.400 or 0.360, the return they get is the same
anyway, just 10% more

rkgfantasy

1,187 posts

Posted by rkgfantasy > 2018-11-19 09:25 | Report Abuse

Game Start !

Posted by Invest_Sensibly > 2018-11-19 09:30 | Report Abuse

Trust me, Sifus went missing will soon emerge to show their analytical figures again.

Posted by Invest_Sensibly > 2018-11-19 09:32 | Report Abuse

Who was selling ock-wa 1mil@0.07 this morning? I bought 500k@0.07 from him.

Posted by chikying > 2018-11-19 10:20 | Report Abuse

What's the news?

rkgfantasy

1,187 posts

Posted by rkgfantasy > 2018-11-19 10:23 | Report Abuse

@chikying, Sam Ooi say the disposal will end soon due to shariah issue
company going to listed it towerco business to reduce debt

Manteh110

302 posts

Posted by Manteh110 > 2018-11-19 10:26 | Report Abuse

Can buy 0.45 or not ?

rkgfantasy

1,187 posts

Posted by rkgfantasy > 2018-11-19 11:04 | Report Abuse

@manteh110, if according Mr Sam, the disposal still got another 5-6m to go, for safety, tomorow will be better

It might a technical rebound too, invest on own risk, unless you able to hold long term

Posted by Superbull888 > 2018-11-19 11:20 | Report Abuse

Bull Market signal, warrant outperform mother. Haha

Posted by Mu Ronaldo Peter > 2018-11-19 11:54 | Report Abuse

Buy

Posted by Invest_Sensibly > 2018-11-19 12:10 | Report Abuse

Sam already told growth in profits can be seen from 3Q18 until at least 4Q2020. Please read the edge

Posted by Solehajb1989 > 2018-11-19 12:12 | Report Abuse

Ock wa sudah fly Tunggu pasdec wa

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