Posted by ladybird517 > 2020-06-17 20:46 | Report Abuse

Congrats to those collect at 051-052.. 60 is coming

Posted by holyspirit > 2020-06-17 21:13 | Report Abuse

OCK stand strong even last few days market downturned …I think this time around …OCK is going to perform …after all punters might be turning their attention from glove Stock to others counter like OCK :)

Posted by sosfinance > 2020-06-19 10:02 | Report Abuse

1) EPF bought on April, May and June (to-date) = 3.7m, 0.45m and 2.4m = 6.5m.

2) OCK is the only towerco biz listed in Malaysia and its towerco is "undervalued" & "not reflected" in the share share price as not many investors are familiar with valuation of "towerco biz" where the market uses EBITDA multiple method (10x for small size)

3) Although selling portion of towerco to strategic partner only validate the "undervaluation", it also perceived as "unlocking the value" to investors/analysts.

4) However, if you look at it deeper, OCK's towerco biz may not require a strategic partner, as the biz model allow towerco (ring fenced) to gear up as high as 3-4x its capital. Hence, OCK has the capability to further gear up to expand, and can even get cheaper funding versus the strategic partner route.

5) OCK Group (not the tower) has high debt partly due to its own ownership of solar pv of 11MW and also comes from "trading" and "contracting biz" which is common in this type of biz. More importantly OCK has strong EBITDA (growing) from RM60m (2016 ) to about RM140m (2019).

6) A quick reference to Solusi Tunas Pratama (listed in Jakarta exchange) will see OCK's towerco biz model and its undervaluation. Need not wait for strategic partner if debt financing is cheaper and less conditions (unless going for lPO)

Posted by holyspirit > 2020-06-22 18:20 | Report Abuse

OCK annual general meeting coming next week : 30 June 2020- 10AM.
And it = PROPOSED AUTHORITY TO OCK GROUP BERHAD TO PURCHASE ITS OWN ORDINARY SHARES OF UP TO TEN PERCENT (10%) OF ITS TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY AT ANY GIVEN POINT IN TIME.

I think this is a good news .....

Posted by holyspirit > 2020-06-22 18:38 | Report Abuse

OCK shares price has been quiet and stagnated for some time now,,,and only EPF is consistent buying to increase their shareholding....
Now ...we shall wait and see after the AGM, OCK shares price should break 0.615 ...just my thought

Posted by sosfinance > 2020-06-23 12:38 | Report Abuse

Timing for share buy-back now just right prior to spin-off listing of towerco biz, that can unlock 30-50 sen per share. Upside is about 30-50 sen.

Posted by holyspirit > 2020-06-23 13:44 | Report Abuse

yes...i believe so...once its touches 0.615 and above...(and it shouldn't be a problem as this is a small cap company)..it will go up all the way..

Posted by holyspirit > 2020-06-24 03:09 | Report Abuse

volumn is coming in......

Posted by TheThird > 2020-06-24 18:18 | Report Abuse

EPF has been acquiring alot recently and now holds 6.7 % of OCK

Posted by sosfinance > 2020-06-25 17:44 | Report Abuse

1) EPF has a long term view of the company (although occasionally they do trade a bit). From 1-19 June, EPF has bought about 3.6m, increasing its shareholding from 61.0m to 64.6m (or 6.74%).

2) EPF is experience in towerco via 15% ownership in Axiata (which control edotco). Retailers is less patient compare with institutional investors.

3) EPF knows that OCK is the prime beneficiary of the RM21.6b NFCP over the next 5 years. OCK was awarded RM70m of NFCP contract for the Phase 1. Estimated towerco alone is about RM600 - 800m.

Posted by slee > 2020-06-26 12:59 | Report Abuse

AGM pass d?

Posted by sosfinance > 2020-06-26 19:00 | Report Abuse

Wow, EPF has lots of funds, keep buying OCK. Another 1.4m shares. Record purchase for June, 5.0 million shares.

Posted by holyspirit > 2020-06-27 03:25 | Report Abuse

OCK is staying strong and they are doing good ....i am seeing the OCK shares will fly after their AGM on 30th june.....

Posted by sosfinance > 2020-06-27 11:06 | Report Abuse

OCK gearing is reduced (as some investors are worry about its gearing)

1) With the increase in cash position of 73.9% due to the completion of the private placement exercise in October 2019, our net gearing ratio improved to 0.68 times from FYE2018’s 0.95 times. (source: Page 27 of AR 2019)

2) Strong operating cash flow (before working capital) of RM142m for FYE19 is also reassuring (as compared with RM99m for FYE18)

Posted by ikanbilishehe > 2020-06-29 09:40 | Report Abuse

no volume

Posted by slee > 2020-06-30 17:59 | Report Abuse

Anyone attend AGM, any update from management

Posted by sosfinance > 2020-07-01 10:38 | Report Abuse

E-AGM is interesting. Management said it is an exciting year 2020 because they will attained 5,000 towers or more and solar pv (11MW) will start contributing. More importantly, management said they benefited on the Phase 1 of the RM21.6b NFCP and expect to benefit from remaining Phases. (MD said strategic partner is WIP).

Posted by MissTan > 2020-07-01 19:27 | Report Abuse

How about share buy back up to 10%? It's true and approve?

Posted by sosfinance > 2020-07-01 23:08 | Report Abuse

Share buy back is approved and will be done only if they can collect substantial funds from its debt or improved cash flow. If they can do it, now is a good time.

Posted by MissTan > 2020-07-02 10:07 | Report Abuse

Tq sos for the info.

Posted by sosfinance > 2020-07-02 10:13 | Report Abuse

@MissTan their excess fund will be mostly used for tower and solar farm expansion.

Posted by Jimmy Song > 2020-07-02 11:58 | Report Abuse

OCK!!!

https://www.youtube.com/watch?v=ybdgVWpY3JQ

Posted by Kenzo8 > 2020-07-02 12:25 | Report Abuse

hi all, newbie here. Anthony Thong is the OCK biggest boss rite? is he reliable? any big things coming to OCK? kamsiah to all sifus here..

Posted by sosfinance > 2020-07-02 12:32 | Report Abuse

MD = Sam Ooi, CFO = Anthony, Big things coming - NFCP contracts tower growth

Posted by Kenzo8 > 2020-07-02 23:31 | Report Abuse

Thanks Sos

Posted by slee > 2020-07-03 08:57 | Report Abuse

https://guangxin-economics.blogspot.com/2020/06/5-ock-group-berhad-2.html?m=1

Posted by slee > 2020-07-03 08:57 | Report Abuse

https://guangxin-economics.blogspot.com/2020/06/5-ock-group-berhad-3.html?m=1

Posted by ttt > 2020-07-03 11:47 | Report Abuse

seriously.. OCK should be above a 1 billion market cap company

Posted by WY Chan > 2020-07-03 14:53 | Report Abuse

boring

Posted by holyspirit > 2020-07-03 15:35 | Report Abuse

@SOSFinance: I read NFCP (National Fiberisation and Connectivity Plan) , Malaysian Communications and Multimedia Commission (MCMC) is given to FGV Prodata Systems Sdn Bhd. And next is OCK? MCMC also give contract to OCK?

Posted by holyspirit > 2020-07-03 17:27 | Report Abuse

OCK volume is up today...something is on...

Posted by birkincollector > 2020-07-03 18:43 | Report Abuse

right issue leh

Posted by sosfinance > 2020-07-03 19:14 | Report Abuse

The first contract from NFCP is indirect. Coming phase, they may tender direct. When they spin off towerco, they do not need rights issue. Anyway, they still can gear up higher if they want.

Posted by BigFish > 2020-07-03 19:34 | Report Abuse

Company with high debt - Long term + short term borrowing at 474M . Cash in hand only 84M . That why need right to raise cash

Posted by sosfinance > 2020-07-03 20:00 | Report Abuse

Agree. If they don’t spin off towerco, they may need rights issue. Towerco is capital intensive, Tower and Solar farm assets about RM600m, net debt of RM390m is not high. Those who are not familiar with towerco biz will perceived it as high. No choice, there is no comparison in Malaysia. If we look at Indonesia towerco, it can go as high as 2-3 times shareholders fund. All term loans is ringed fence for towerco.

Posted by birkincollector > 2020-07-03 20:08 | Report Abuse

Wat u mean may? They just announced right issue. 1 for 10

Posted by bnmacai > 2020-07-03 21:09 | Report Abuse

it means monday gap down kaw kaw.

Posted by sosfinance > 2020-07-03 21:11 | Report Abuse

Looks like spin off not happening soon. Anticipating NFCP? 1:10 Rights can raise small sum only. Not sure why they want to do it. Must be something coming.

Posted by sosfinance > 2020-07-03 21:12 | Report Abuse

Or could it be cheaper funding than strategic partner?

Posted by birkincollector > 2020-07-03 21:18 | Report Abuse

well dont think will affect the share price...its only 1 for 10......

Posted by mcmann > 2020-07-03 21:34 | Report Abuse

they only wanted to raise 22mil from RI exercise ? isnt this too small

Posted by mcmann > 2020-07-03 21:40 | Report Abuse

https://www.klsescreener.com/v2/news/view/697587/ock-group-plans-rights-issue-with-warrants-esos

10 mil for debt 14mil for working capital

Posted by abang_misai > 2020-07-03 22:15 | Report Abuse

Look like ock-wa Will be totally burnt

Posted by sosfinance > 2020-07-04 08:19 | Report Abuse

Likely they can only raise RM19.8m, based on minimum case. Very insignificant.

Posted by leoleo86 > 2020-07-04 11:55 | Report Abuse

https://www.sinchew.com.my/pad/con/content_2301159.html

Based on the above article's, the total number of unit share seems going to be double from current after the entire right issue.

Is that means the PE will be increased to double compare to now? Can someone give me the answer? Please...

Posted by sosfinance > 2020-07-04 14:13 | Report Abuse

@leoleo86, they will only increase 10% based on rights issue of 1:10, if warrant WB convert, another 10%. So, total shares increase from 959m 96m = 1.055b.

Posted by leoleo86 > 2020-07-04 15:31 | Report Abuse

@sosfinance, THANKs for your clarification. I'd checked from Bursa announcement, yes it is stated abt 10% more of shares based on the current total shares. Of cause, with the additional conversions of warrant and 15% ESOS, the total share units might go more than 10%, but definately is not 100%... The last paragraph's in the News was so misleading...

Posted by CSOON 77 > 2020-07-04 16:12 | Report Abuse

Lucky let go early at Friday moving to MALAKOF ..

Posted by sosfinance > 2020-07-04 16:13 | Report Abuse

@leoleo, agree. ESOS also need money to convert. I may be wrong, new ESOS is not as attractive as old ones. Old ESOS is given free to employees, of course it’s taxable. (Example, one construction company issue ESOS to staff at 86 sen, everyone is worry about the dilution, some lucky ones convert the quickly and sold it at RM1.30, however, only allow to convert 20% each year, unfortunately, when come the second year, the share price came below 86sen, the rest is history)

Posted by leoleo86 > 2020-07-04 16:30 | Report Abuse

@sosfinance, again thanks for your good information. i strongly believe OCK is trustworthy company. Management is trying hard to minimize their debt and interest. Yet to increase their recurring income. The only consideration of mine was the timing to buy more... Lol. Headache...