Posted by calvintaneng > 2019-10-01 02:44 |

Post removed.Why?

Posted by unclejoe > 2019-10-01 08:47 | Report Abuse

5G demo projects to be carried out across six states
Read more at https://www.thestar.com.my/news/nation/2019/10/01/5g-demo-projects-to-be-carried-out-across-six-states#DsTL8f5cRPQVkAiC.99

Posted by beachboy > 2019-10-01 12:38 | Report Abuse

Finally... If successful.. Ock will boost kao kao

Posted by kahsoon888 > 2019-10-01 13:19 | Report Abuse

I not really understand why 5g must benefit ock? Maxis digi celcom cannot?

Posted by unclejoe > 2019-10-01 14:08 | Report Abuse

Where managed services is concerned, current trend in Malaysia is that MNOs are starting to outsource internal managed services to third parties in the industry. OCK is the largest TNS provider in Malaysia.

To date, The Group has built a tower portfolio of more than 4,000. In 2019, the group is on track to be an independent tower portfolio of more than sites across Malaysia, Myanmar, and Vietnam.

Inline with Malaysia NFCP, OCK manages turnkey projects in the field of constructing underground infrastructure. OCK provide end-to-end solutions which includes, fibre optic planning, permit approvals, civil infrastructure works, installation of fibre optic cables and maintenance work.

Posted by Titan > 2019-10-02 16:02 | Report Abuse

Telecommunication is very capital intensive. Whenever there is a technology change or upgrade, need to spend alot of money to purchase new equipment and install. That is why nowsday big telecommunication company outsource or rather rent to tower so that they minimise their capex. OCK has been aggressively borrowing money to expand their business ie; to own more tower. If not mistaken, 2018, they are paying 20+M in interest. While rental fee from telco is not fix but interest occur on borrowing is fix regardless the tower is in use o not. Again, with the coming 5G, will they borrow more money to install 5G equipment to make their tower 5G capable. Just hope thy are not over leveraging.

Posted by hua91 > 2019-10-03 16:05 | Report Abuse

drop again ah...

Posted by kahsoon888 > 2019-10-03 19:48 | Report Abuse

Who bought opcom and ock kena con (!!!

Posted by calvintaneng > 2019-10-03 19:52 | Report Abuse

Posted by kahsoon888 > Oct 3, 2019 7:48 PM | Report Abuse

Who bought opcom and ock kena con (!!!

TOU ARE WRONG!!

Calvin likes Opcom because it is cash rich

Although i don't have OCK due to its high debt i think OCK has good chance as Rm21.6 Billions for Fiberisation is huge
And East Malaysia projected to build 300 Telco Towers which Ock might benefit

However Calvin is more into Opcom and Redtone

Posted by beachboy > 2019-10-03 20:00 | Report Abuse

https://www.theedgemarkets.com/article/%E6%98%8E%E8%AE%AF%E4%B8%8E%E5%8D%8E%E4%B8%BA%E7%AD%BE%E7%BA%A6%E6%8F%90%E4%BE%9B5g%E6%9C%8D%E5%8A%A1

Posted by kahsoon888 > 2019-10-03 21:25 | Report Abuse

Maxis with huawei, how benefit Ock?

Posted by unclejoe > 2019-10-04 10:17 | Report Abuse

OCK is the service provider for both Maxis and Huawei.

Posted by unclejoe > 2019-10-04 10:18 | Report Abuse

More towers, more service.

Posted by ttt > 2019-10-04 10:21 | Report Abuse

lol.. huawei is not even a telco. how are they a service provider to them ?

if anything, maxis purchases from huawei.

Posted by sosfinance > 2019-10-04 13:19 | Report Abuse

Clarifications on Debt

1. Debt is alright as long as it is secured with tenancy income and has long term contract.

2. Total LTL = RM300m, STL = RM190m, and Cash = RM80m @ 30 June 2019

3. LTL of RM300m is mainly ring fenced, with 5-15 years secured contracts with Telenor and major telcos in Vietnam. LTL are mainly pegged against towers in Myanmar and Vietnam (a bit of Malaysia), hence, banks has stringent loan service ratio with secured contracts.

4. STL of RM190m, less cash of RM80m is about RM110m. About 70-80% of these STL comprises of Bankers Acceptance, Revolving Credits and Project revolving credits, this means, it is secured by bank on invoices billed to customers (mainly Telcos)

5. Besides, OCK has Trade debtors of RM280m and Trade Creditors of RM120m. Net trade debts is about RM160m, to be collected. Even if you assume 90% collectible, OCK has about RM140m.

6. Towerco alone, has about RM120m turnover. Ebitda is about RM60m to RM70m, sufficient to service the banks interest and principals, and growing tenancy also provide higher revenue.

7. Btw, Towerco biz, the debt over SF is low (less than one time) against other towerco that can leverage up to 3 times.

8. High loan is bad, if you cannot pay off, totally agree. But used on good assets (repayable by sustainable long term leases, why not, once OCK hit the economical of scale for the towers + tenancy, profit and cash flow will grow. I.e. profit grows faster than revenue, and cash flow is far better than profits because of huge depreciation. i.e. depreciation is higher than maintenance cost.

Posted by unclejoe > 2019-10-04 14:44 | Report Abuse

Sosfinance, spot on!

Posted by BOBOINDIAN > 2019-10-04 14:46 | Report Abuse

uncle joe also correct, Maxis and Huawei services is under OCK group

Posted by sonyx123 > 2019-10-04 15:14 | Report Abuse

OCK is managing some of Maxis tower so should be a key beneficiaries. Just surprised that the share price is not moving up north but going down instead...

Posted by sosfinance > 2019-10-04 17:01 | Report Abuse

Normally for project loans, the banks will try to match close to the net cash flow, and also have some buffer to meet the debt service ratio.

Any excess, bank will ask you to keep in the sinking fund, only after that the balance can be used, normally not much left even for dividend for the first few years, because paying higher interest. (I believe this is practice for long term projects (IPP, Shipping, Towerco, Toll roads) and with secured income from the concession. Normally there is a clause that do not allow the concessionaire to pay out as dividend in the first few years, the major stakeholder here is the BANK (LEGALISED LOAN SHARK).

If OCK want to expand further and it does not have enough cash flow, it can raised it on its subsidiary level, via, placements in subsidiary or subscription of new issues by the subsidiary. The concern of high debt is understandable, but, it is more crucial to know if they are repayable.

Posted by Investar2862 > 2019-10-07 07:11 | Report Abuse

Stock price move in waves...

After hitting recent high at 0.665 from 0.56 (low), OCK retraced to 0.58 (making a higher low - uptrend intact) before closing at 0.590 on Friday.
Expect it to go up further today.

Posted by sonyx123 > Oct 4, 2019 3:14 PM | Report Abuse

OCK is managing some of Maxis tower so should be a key beneficiaries. Just surprised that the share price is not moving up north but going down instead...

Posted by Newcummer1 > 2019-10-07 14:33 | Report Abuse

Opcom running fast

Posted by rosdi > 2019-10-07 16:15 | Report Abuse

FINTEC GLOBAL Acquired Netx 103,000,000 shares
SUMMIT SYNERGY Acquired Gpacket 65,000,000 shares

Posted by rosdi > 2019-10-07 16:15 | Report Abuse

Dato seri panglima zaini bin hj mohd said disposed 100,000 shares Opcom
Mukhriz disposed 7,317,000 shares Opcom
Epf disposed 1,343,500 shares Ock
Lau bik soon disposed 300,000 shares Redtone
Disposal of shares via open market

Posted by rosdi > 2019-10-07 16:15 | Report Abuse

tengok announcement Opcom dan Redtone nampak ini boss Dato seri panglima zaini dan Dato seri Mukhriz serta Lau pun sudah rasa mahal ni aisyik jual saja...

Posted by rosdi > 2019-10-07 16:15 | Report Abuse

nampak Gpacket ada potensi Summit Synergy ada beli sikit , Epf ada beli banyak Ock kat murah tapi sekarang ada nampak jual sikit .
Ini NETX baru 1.5 sen tentu harga murah ,foreign punya funds beli banyak ni ...

Posted by FATA86 > 2019-10-07 18:50 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING OCK GROUP BERHAD ("OCK" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF OCK ("PROPOSED PRIVATE PLACEMENT")

Posted by kahsoon888 > 2019-10-07 18:52 | Report Abuse

Private placement....Gv who wor

Posted by unclejoe > 2019-10-07 20:59 | Report Abuse

During the Private Placement (PP) exercise, the share price will be maintained above the Previous Volume Weighted Average Price (PVWAP). If the mother price is trading below PP price, why would investor want to subscribe? Just buy from open market will do since it is cheaper.

Posted by sosfinance > 2019-10-08 08:06 | Report Abuse

timing just nice.

Posted by sosfinance > 2019-10-08 09:03 | Report Abuse

Hopefully this is the positive to the market. RM50m raised for green energy and solar project. This round is done by UOB Kayhian, hopefully there is some in it.

Posted by Kiyoshi Paradise > 2019-10-08 09:39 | Report Abuse

Keep loading.... KNM-WB , will be rewarded

Posted by kahsoon888 > 2019-10-08 10:32 | Report Abuse

Green energy and solar related to telco?

Posted by sonyx123 > 2019-10-08 10:54 | Report Abuse

green energy is not related to Telco. that's the government initiatives on the renewable. Telco one is pertaining to the fiberisation. so a lot of growth potential. What's positive about the PP utilization of funds is mainly to fund the solar power! More recurring income to support OCK!

Posted by bargadcapital > 2019-10-08 14:13 | Report Abuse

calvintaneng
Correct In Trengganu offshore fishermen can't go fishing from Nov to March due to rough sea

So they do other task onshore to wait for next fishing season

So NETX after winning Rm19. 7 millions job award from Telekom diversified into electronic payment while waiting for next job bonanza award

Now time is rope for another big one up to few hundred millions

This is our chun chun timing opportunity

AND price also at Rock bottom

Luck is preparation meeting opportunity!!
08/10/2019 1:56 PM



calvintaneng Time is ripe for another Big Job award
08/10/2019 1:59 PM



calvintaneng Telekom still got 2.8 million copper lines to be replaced with fiber optic cables

Copper lines can only serve old tech of 2g and 3g

Copper lines cannot serve 5g

And 4g uses fiber optic cables

5g builds on 4g infrar

So there will still be lots and lots of digital infrar installation for Malaysia

Malaysia already 10 to 20 years behind time compared to China, Korea, Japan and Singapore

Better play catch up faster








NETX (0020) - THE MOST MISUNDERSTOOD DIGITAL STOCK OF HIDDEN VALUE, Calvin Tan Research~~NFPC 5G MALAYSIA

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/228509.jsp

Posted by win1661 > 2019-10-08 16:57 | Report Abuse

OCK GROUP BHD: (MYR0.59) Raising cash for its green energy business
Maybank IB Retail Research

OCK proposed to undertake a private placement of up to 113.6m shares, representing 10% of its issued shares to third party investors to be identified later. The proposed exercise is expected to be completed by 1Q20. Based on an illustrative issue price of 55sen per placement share, the group will raise up to MYR62.5m.

The proceeds will be utilized for: 1) development and acquisition of green energy assets (MYR57m); 2) working capital (MYR5m); and 3) expenses related to the private placement (MYR0.1m). This fund raising is crucial as the group might not have room to obtain more borrowing to grow the green energy business as its net gearing was at 0.9x as at end-Jun 2019.

OCK has plans to grow its green energy business as current contribution from this segment is rather miniscule. In 1H19, the green energy segment contributed only 6% and 4% to its revenue and PBT respectively. It was reported that the group is interested to bid for projects under the large scale solar (LSS3) scheme by the Energy Commission.At present, OCK owns 11 solar farms in Malaysia, generating a combined total of 5.9MW of energy under the Fit-in-Tariff (FiT) scheme. Meanwhile, the outcome of the bidding exercise under the LSS3 will be announced by year-end. Note however that the competition for LSS3 is intense.

For OCK, the telecommunication network services (TNS) segment is the key contributor. In 1H19, TNS segment contributed 86% to its PBT. Its outlook lies with the development of the Mobile Network Operators (MNOs). OCK sees prospects from an aggressive geographical expansion from one of the MNOs, which will allow OCK to build its tower portfolio. In Malaysia, the group owns in excess of 424 towers.

OSK should also benefit from MNOs’ plan to outsource internal managed services. Currently, OCK is managing more than 28,000 telco sites in Malaysia and Indonesia. In addition, the group is set to ride on government’s effort to raise broadband penetration and speeds under the National Fiberisation and Connectivity Plan, in which the MNOs will seek to upgrade their infrastructure capacity and investments.

Brokers are positively biased on the stock with three Buys and one Hold. The mean target price is MYR0.69. The stock currently trades at 18.4x FY20 consensus EPS of 3.2sen, lower than its 3-year historical average P/E of 23.4x. Note that warrants are not included in the EPS computation as they are out-of-the-money.

Posted by win1661 > 2019-10-08 16:59 | Report Abuse

so sell or buy ?

Posted by sonyx123 > 2019-10-08 17:35 | Report Abuse

"Brokers are positively biased on the stock with three Buys and one Hold".... Buy le

Posted by Ahead1268 > 2019-10-08 19:08 | Report Abuse

To raise RM62.46 mil on 113.6mil share. Discounted 10% from 5 days weighted average share price. The issue price shall be 0.55 cents. So this week OCK look like will stagnant. If move up only next week as yesterday and today stay put at 0.59 seen things are under control.

Posted by Shawn Ng > 2019-10-09 09:29 | Report Abuse

Heading to 0.7

Posted by lching > 2019-10-09 09:43 | Report Abuse

lai liao lai liao

Posted by kahsoon888 > 2019-10-09 10:37 | Report Abuse

Fake Lai liao

Posted by dannysky12 > 2019-10-09 15:00 | Report Abuse

Lai liao

Posted by sosfinance > 2019-10-09 15:32 | Report Abuse

Hopefully OCK can get some good solar or green energy assets from the PP. Since OCK already into capital intensive towerco projects, it may be a good idea to raise some equity for green energy, which is also capital intensive. The last PP, in Aug 2016, the amount raised was used to purchase Vietnam towerco EV/EBITDA of about 7x.

Posted by win1661 > 2019-10-09 17:03 | Report Abuse

https://klse.i3investor.com/blogs/nanyang_stock_expert/228963.jsp

目标价：75仙
最新进展

为了发展和收购绿色能源资产，OCK集团（OCK，0172，主板电信和媒体股）建议私下配售缴足股本最多10%。

若根据每股发售价55仙，公司最多可筹得6245万5000令吉，最少可筹得4793万1000令吉。

公司称，至少将筹得的4283万1000令吉（最多5735万5000令吉），用于发展和收购绿色能源资产。

行家建议

我们对于私配筹资计划的看法正面，因为能够伺机并购及取得融资空间。

公司有意收购太阳能资产，基于能够增强盈利，预测每年能够带来300至400万令吉盈利，假设70%是以借贷完成收购。

目前，太阳能资产（11个太阳能农场，总产能5.9兆瓦）的贡献很小，只占营业额约1%，新收购可增强重复性收入和赚幅。该公司目前仰赖的仍然是出租电信塔的收入。

至于有意脱售电信塔部分资产（OCK东南亚电信塔私人有限公司）的计划，仍在进行中，不过基于“行政问题”而从原定的9月延后至11月。

我们认为，脱售电信塔资产可释放价值，也可成为业界上市的估值基准。

根据同行edotco配股的估值，OCK集团的脱售计划每股可释放13至35仙的价值。

维持“买入”建议和75仙的目标价。

Posted by win1661 > 2019-10-09 17:05 | Report Abuse

can anyone tell me is OCK going to sell some tower asset next month? is that news can be trusted? or are they refer to listing the tower asset?

Posted by sonyx123 > 2019-10-09 17:55 | Report Abuse

something interesting coming it seems... Hope all huat

Posted by win1661 > 2019-10-09 18:41 | Report Abuse

yeah, hopefully the news is for real then from now till Nov, according to that news the share could add 13-35 cents, so highest it can reach 95-96cents if it materialise?

Posted by win1661 > 2019-10-09 21:00 | Report Abuse

found the english version.

https://www.theedgemarkets.com/article/ock-seen-wellpositioned-capitalise-related-infrastructure-spending

Posted by unclejoe > 2019-10-09 21:27 | Report Abuse

This is rather confusing. At first, it said go for separate listing of its TowerCo division. Now, it said divestment of OCK-SEATH. So, if go for divestment, no more separate listing?

Posted by win1661 > 2019-10-09 21:52 | Report Abuse

Only partial divestment.... "We still positively view the impending monetisation of a stake in OCKT to unlock the value of its towerco, with the total number of sites owned exceeding 4,000 in Malaysia, Myanmar and Vietnam. The divestment would serve as a valuation benchmark for its towerco’s eventual listing in the longer term. Based on valuation discounts to edotco Group Sdn Bhd’s secondary share placement to Khazanah Nasional Bhd in 2017, transacted at 12.5 times enterprise value or earnings before interest, taxes, depreciation and amortisation, the sale could potentially unlock 13 sen to 35 sen per OCK share."