Posted by holyspirit > 2020-06-04 18:01 | Report Abuse

the problem now is....all punters back to glove counters :(

Posted by holyspirit > 2020-06-04 18:03 | Report Abuse

to be honest..... for a share to fly up,,,, the punter need to come in....i wonder how come they never see OCK stock at this price? Under 60 cents,,,,room for improvement .....

Posted by holyspirit > 2020-06-04 18:04 | Report Abuse

And the company prospect is bright too...

Posted by CSOON 77 > 2020-06-04 19:04 | Report Abuse

Just buy in hope the price can break 0.60 and go above by next week.

Posted by sosfinance > 2020-06-04 20:20 | Report Abuse

it need a good story and real events to make it happen. one is the strategic partner (unlock value) and two is big contract from NFCP. else, "punter" unable to tell friend what is so "great".

Posted by Bursa777 > 2020-06-04 22:37 | Report Abuse

gamblers kept betting gloves. like buy big/small. Brightstar OCK no one realize. sad sad world.

Posted by holyspirit > 2020-06-05 01:17 | Report Abuse

@ sosfinance: Yes ,,,,Agreed. i think the report from RHB is looking good

Posted by roger3210 > 2020-06-05 09:24 | Report Abuse

when these bankers publish report. it means they are cashing out. IT is all about propaganda.

Posted by sosfinance > 2020-06-05 10:13 | Report Abuse

@holyspirit, I focus more on the towerco that gave sustainable cash flow, hence, I follow their EBITDA (how towerco is calculated) which has grown from RM60m (2016) to RM140m (2019) over last 3 years (high capex and expanding project don't bring much profits as they have huge depreciation and interest expenses). Many not familiar with towerco biz works, their cash flow exceed their accounting profits. Just take example Myanmar, turnover is RM70m, EBITDA is RM50m, depreciation itself is about RM17m.

Posted by roger3210 > 2020-06-05 11:07 | Report Abuse

Share price tell different story, the share price has been dropping since 2017 peak at RM1, probably u miss out something ? Mr market is always right.

Posted by mrmeow > 2020-06-05 12:09 | Report Abuse

yea why is the share price dropping since 2017 there

Posted by 123456 > 2020-06-05 15:46 | Report Abuse

Good

Posted by sosfinance > 2020-06-05 16:06 | Report Abuse

Why it drop since 2017?
1) pre/post 2018 GE, uncertainty in telco spectrum policies, telco held back capex (change of government in 2018 also causes many many small cap stocks to drop)

2) research house too aggressive in towerco (especially Myanmar), expected to complete in 2016, but it completed in 2018. Why, when they entered agreement with Telenor, they are suppose to built according to geographical coverage and Myanmar authorities change it to population coverage (hence resubmit and approval for land, and red tapes slowed down)

3) If you take a look at their top 30 shareholdings, they past few years, I think they are taken out of Shariah, it drop when all Shariah institutions was selling it down 3 to 4%.

Instead of too concern over the past few years, lets focus in next 2-3 years:

1) OCK benefited from NFCP, this is a fact, and there is RM21.6b for next 4-5 years

2) OCK is unlocking its towers (part delay due to pandemic), as mentioned by RHB

Posted by sosfinance > 2020-06-05 16:47 | Report Abuse

Unlocking its towerco, meaning how much is the towerco biz is valued by private equity

1) Turnover is about RM150m (Myanmar+Vietnam+Malaysia)

2) EBITDA is about RM100m (60% of Vietnam and 100% of Myanmar & Malaysia)

3) Stategic partner (RHB) - likely EBITDA Multiple of 10x, hence, value of TOWERCO BIZ alone is RM100m x 10 = RM1.0 billion.

4) Towerco biz alone = RM1.0bil, assuming margin of error 20%, worst case, the towerco biz is RM800m. Market cap today is only RM560m (for entire group, contracts, solar and towerco)

Posted by Collect > 2020-06-06 13:50 | Report Abuse

reason? the nation is moving towards digitalisation.

Posted by sosfinance > 2020-06-08 17:34 | Report Abuse

EPF owns about 61m shares or 6.39% in OCK. EPF has shown some interest since Apr, May and June 2020, with a 4-5 million purchases. Hopefully, post CMCO, during RMCO more sectors will improve due to better sentiments in the stock markets.

Posted by CSOON 77 > 2020-06-09 14:49 | Report Abuse

Undervalued GEM

Posted by roger3210 > 2020-06-09 14:54 | Report Abuse

be careful, buyer n seller from same team, left to right hand to trap ppl.

Posted by 123456 > 2020-06-09 14:58 | Report Abuse

Terbang loh...apa projek

Posted by roger3210 > 2020-06-09 15:02 | Report Abuse

be careful of trap !!!

Posted by roger3210 > 2020-06-09 15:11 | Report Abuse

LOL. many kena trap

Posted by sosfinance > 2020-06-09 15:22 | Report Abuse

1) Company that can benefit with NFCP should be ok la, even though a bit of delay here and there. RM400m per annum of contract for 5 years. OCK already awarded about RM60m, no big deal, but a positive move la.

2) More towers, more sustainable cash flows (cash flow comes first and profit comes later as they pay down their 6-7 years loan of about RM3m per annum). based on loan outstanding for towerco of RM380m @ 5%p.a. - Initial years, profits are low due to loan interest, but cash flow is reasonably good if we add back depreciation of RM36m p.a. (early years maintenance is low as some towers are new)

3) Expanding solar energy 6MW to about 12MW from acquisition of "old solar PV farm" with good tariff and with 15 years remaining concession (cash flow not bad). Again, profit may be low for initial years due to depreciation and interest costs.

Posted by roger3210 > 2020-06-09 15:23 | Report Abuse

someone is selling it very aggressively

Posted by leoleo86 > 2020-06-09 20:12 | Report Abuse

someone is aggressively wash out those who are not confident toward OCK.

Posted by roger3210 > 2020-06-10 11:32 | Report Abuse

beware again, no more buyer,coming down fast anytime.

Posted by sosfinance > 2020-06-10 21:59 | Report Abuse

For brief understanding of OCK
1) https://humbledinvestor.blogspot.com/2020/04/most-potential-stock-to-benefit-from.html
2) https://humbledinvestor.blogspot.com/2020/04/how-to-determine-right-valuation-for.html

Posted by CSOON 77 > 2020-06-11 09:41 | Report Abuse

UP WITH FUNDAMENTAL

Posted by roger3210 > 2020-06-11 09:42 | Report Abuse

dont fall into the trap, always go back down at closing, this is how insider distribute ticket b4 next major sell down.

Posted by CSOON 77 > 2020-06-11 09:50 | Report Abuse

Thanks roger

Posted by roger3210 > 2020-06-11 11:14 | Report Abuse

erased all gain

Posted by CSOON 77 > 2020-06-11 11:24 | Report Abuse

Price is control by them very challenge stock

Posted by roger3210 > 2020-06-11 14:39 | Report Abuse

need to run for life ! the party is over..... when IDSS is back, ock may sink 10-20% frm now

Posted by Bursa777 > 2020-06-11 22:03 | Report Abuse

collected 200 lots 0.56

Posted by roger3210 > 2020-06-11 22:16 | Report Abuse

today ann , director also selling around 60c.

Posted by ladybird517 > 2020-06-11 23:22 | Report Abuse

Time to collect Ock at lower price.. maybe 50-52???

Posted by roger3210 > 2020-06-12 09:32 | Report Abuse

should drop below 50c in next few days, many big player selling this stock.

Posted by mrmeow > 2020-06-13 17:10 | Report Abuse

Buy at the dips and supports. Read QR report. you will thank yourself in Q3

Posted by ikanbilishehe > 2020-06-15 15:08 | Report Abuse

time to collect woohoo

Posted by mrmeow > 2020-06-15 15:11 | Report Abuse

bought some at 0.51 haha if drop collect more

Posted by BostonMaxwell > 2020-06-15 15:44 | Report Abuse

Managed to get at around 0.51

Posted by ikanbilishehe > 2020-06-16 09:10 | Report Abuse

congrats to who collected ytd ~~~

Posted by sosfinance > 2020-06-16 21:13 | Report Abuse

SOLAR
OCK's solar should be making some profits (RM5-6m) this year from the acquisitions of about RM40m (giving the acquisition payback period of 6-7 years). Hopefully they may gear up to participate in bigger solar pv projects. [btw, Slvest, making only about RM16m p.a. has a PE of 81x, imagine if only OCK solar biz say RM5m x PE81x = about RM400m.

TOWERCO
Towerco EBITDA (FYE20) is about RM110m. Using multiple of 10x, EV of towerco is RM1.1b reduce net debt say RM500m, equity value is about RM600m.

CONTRACTING & ETC
Analyst gave it about RM300m (have not take into account recent contracts from NFCP).

ESTIMATED VALUE
Total estimated value is about RM1.2b, with 959m shares = about = RM1.25 per share
Compare with share closing of 55 sen, there is a discount (margin of safety for about 50%)

Posted by sosfinance > 2020-06-16 21:25 | Report Abuse

Solar estimate value (for OCK) based on Slvest PE is RM400m. It is doubtful OCK may have Slvest prospects, perhaps, PE of 20x x RM5 m (PAT) = RM100m (OCK have about 11MW (based on old tariff of RM1/- perKW), an estimated cost is about RM9m per MW for old solar PV with RM1 tariff per kW, will give OCK of about RM99m at cost).

Revised Estimated Value = RM900m or about 94 sen per share. (upside 40 sen or 70% from 55sen per share)

Posted by mbge7clt > 2020-06-16 21:55 | Report Abuse

sshh... dun run... accumulate

Posted by holyspirit > 2020-06-16 22:03 | Report Abuse

@ SosFinance: Thanks for the detail analysis..... thats what i am thinking too...the share price is way under value....

Posted by holyspirit > 2020-06-16 22:04 | Report Abuse

and EPF is collecting .....i am sure this is a good stock to pick

Posted by holyspirit > 2020-06-17 01:28 | Report Abuse

correct me if i am wrong.....All the attention were to the glove stocks....and some of it crazily over the top already..... i think soon the punters will move attention to others tech stock company especially like OCK which in term of value is more worth attention.
Don't forget nowadays working from home and everything online is crucial, so company like OCK play an important role for telecommunication sector and also sector that need connection services.

Posted by sosfinance > 2020-06-17 07:59 | Report Abuse

Yes, especially the infrastructure for NFCP (RM21.6b). OCK also partner with China's CITC/China Unicom (world 4th largest telco in the world) to build smart city for Penang.

https://themalaysianreserve.com/2019/11/29/ock-partners-china-firm-in-telecommunication-and-tech-services/

Posted by WY Chan > 2020-06-17 13:40 | Report Abuse

old news....

Posted by sosfinance > 2020-06-17 13:45 | Report Abuse

Yes, very old news. The point is OCK has strong partner to implement the projects. Government projects, normally very slow (red tapes).