Posted by holyspirit > 2020-08-04 20:43 | Report Abuse

@ Stonecold: Can u elaborate more please....appreciate....

Posted by Stonecold > 2020-08-04 22:52 | Report Abuse

u read those Kenanga review.look like good news coming soon

Posted by holyspirit > 2020-08-05 01:45 | Report Abuse

keep our finger cross....:)

Posted by Stonecold > 2020-08-05 09:22 | Report Abuse

Kenanga Research & Investment

Author: kiasutrader | Latest post: Tue, 4 Aug 2020, 6:38 PM

Blog Headlines (by Date) Blog Index
Daily Technical Highlights: (NAIM, OCK)
Author: kiasutrader | Publish date: Tue, 4 Aug 2020, 6:35 PM

OCK Group Bhd (Trading Buy)
OCK offers exposure to the buoyant growth prospects of the 5G network rollout, the NFCP (National Fiberisation and Connectivity Plan) implementation and the upcoming award of large-scale solar projects.
The Group is in the telecommunication tower business with an existing portfolio of more than 4,200 towers in Malaysia, Myanmar and Vietnam. Its other businesses are in: (i) trading of telco & network products; (ii) green energy & power solutions; and (iii) M&E engineering services.
The Company has recently proposed to raise at least RM5.6m via a rights issue with warrants on the basis of 1 rights share for every 10 existing OCK shares held at a minimum issue price of RM0.20 per rights share, together with 1 free warrant for every 1 rights share subscribed.
The Group made a net profit of RM6.6m (+23% YoY) in 1QFY20. Based on consensus net profit estimates of RM31m in FY Dec 2020 and RM34m in FY Dec 2021, the stock is currently trading at forward PER valuations of 15.9x this year and 14.5x next year.
Technically speaking, OCK appears appealing from a risk-reward perspective. After sliding from a recent high of RM0.615 on 11 June to RM0.515 currently, its shares are now trading near the key support level of RM0.48 (as identified from the Fibonacci retracement line of 50%).
On the back of a likely share price recovery, the stock could climb to our resistance target of RM0.60 (R1) initially before challenging our next resistance barrier of RM0.65 (R2). This represents upside potentials of 17% and 26%, respectively.

Posted by holyspirit > 2020-08-05 12:47 | Report Abuse

@Stonecold: Time for punter to fried OCK........ :)

Posted by Stonecold > 2020-08-05 14:23 | Report Abuse

yes.just be patient a bit.will above 60cents soon

Posted by ttt > 2020-08-05 14:48 | Report Abuse

i was hoping RM1.20

Posted by Stonecold > 2020-08-05 15:24 | Report Abuse

TP RM1.00

Posted by ttt > 2020-08-06 10:23 | Report Abuse

RM1.50

Posted by Stonecold > 2020-08-06 11:13 | Report Abuse

go ock go.ahaha

Posted by kahsoon888 > 2020-08-06 15:51 | Report Abuse

Quarter result put?

Posted by utusminum > 2020-08-07 20:04 | Report Abuse

Qr sure very goooiid

Posted by holyspirit > 2020-08-08 04:53 | Report Abuse

according to the company strong prospect...above RM 1 and more should be possible...
yes...health care and glove , mask ....are all important... but when one lock down at home and work or study at home...can't live without wifi...network...so...5G launching is definite....just the matter of time...but i dont think it will delay cause china is getting stronger on 5G .

Posted by holyspirit > 2020-08-09 20:05 | Report Abuse

https://gulfnews.com/world/list-3-leading-vaccines-from-china-against-covid-19-now-on-phase-iii-human-trials-1.1596437842265?slide=7

the phase 3 human trial for covid-19 (above article )

punter for glove stocks should start move their attention to a more potential stock...like OCK....:)

Posted by abang_misai > 2020-08-09 20:50 | Report Abuse

Ok. Can continue to dream

Posted by holyspirit > 2020-08-10 05:07 | Report Abuse

@ Abang Misai.....so , whats your advice? u sound like OCK is a bad stock. So , what do think at the current situation? Should i dispose off...?

Posted by abang_misai > 2020-08-10 05:24 | Report Abuse

I treat ock as an ultility stock which is a slow growth stock which mean I will only buy when a value emerges. If you revisit the chart, there are plenty of opportunities to buy ock at 0.40.

Now market is hot. A lot of hot money. I expect big correction to market soon. I will only buy ock below Rm0.30-0.35. Don’t be surprised if I can buy ock at that price when market is tumbling.

Posted by abang_misai > 2020-08-10 07:07 | Report Abuse

Slow growth stock shall only be assigned to a PE of below 10. There is no need to factor in future gain because it is still uncertain whether it can get the so called big national contract,

Posted by Stonecold > 2020-08-10 10:03 | Report Abuse

OCK Group Bhd
(June 7, 46 sen)
Maintain buy with a lower target price (TP) of 70 sen: Our TP is derived from a fully diluted earnings per share of 2.8 sen pegged at a price-to-earnings ratio (PER) of 25 times. We retain our positive outlook on OCK as a group despite a slower-than-expected roll-out of its tower business order book.

Risks include i) further slowdown in the roll-out of towers, ii) competition for solar projects, and iii) increased borrowing and finance costs.

Year-on-year revenue increased RM5.98 million (+6.1%) from RM97.5 million to RM103.5 million, from higher overall sales in each of its business segments. Profit before tax (PBT) fell 6.4% as margins narrowed, accentuated by the accounting impact of Malaysian Financial Reporting Standard 16 (MFRS 16) on depreciation and amortisation and finance cost.

Profit after tax (PAT) fell, attributed to the inclusion of unrealised foreign exchange gains of RM2.2 million in the first quarter of financial year 2018 (1QFY18). Factoring this out, PAT has gone up 39.6% from a lower PAT in 1QFY18 of RM4.8 million to RM6.7 million in 1QFY19.

Quarter-on-quarter revenues fell 23.1% to RM103.5 million from RM134.5 million, and PBT clocked a decrease of 37.7% from RM13.2 million to RM8.2mil caused by the adoption of MFRS 16 and coupled with lower segment sales from telecommunication network services, trading, and mechanical and electrical engineering services.

Sales revenue missed our expectations at 18.6% of our forecast. PAT for the quarter missed our forecast as well at only 19.8% of our full-year estimates. We tweak our earnings forecast downward by 12.5% as we lower our expectations, in anticipation of a slower roll-out.

The group’s outlook looks to improve with tailwinds such as the National Fiberization Connectivity Programme, and expansion of major operators’ telco infrastructure to meet growing demand.

OCK aims to maintain its status as a market leader of network-managed services, currently managing over 28,000 telco sites in Malaysia and Indonesia, as well as focus on its recurring revenue stream from its tower leasing business.

In Myanmar, OCK owns over 900 towers with a tenancy ratio of 1.4 times and targets improving that ratio to 1.6 times. The group has more than 500 telco sites outstanding in its order book.

In Vietnam, OCK owns more than 2,500 telco sites . — Inter-Pacific Research, June 4

Posted by OckBoy > 2020-08-10 23:21 | Report Abuse

cannot one la. you buy he sell, you buy more he sell more. other stock up very fast. turtle also slow. buy Lambo 0.01 now what price. make it easy man. pe 100 or 1000 no difference if no aggresive buyer.

Posted by abang_misai > 2020-08-10 23:30 | Report Abuse

It's a deal if it dips below Rm0.35 which will take place somewhat a few times in a year. Sell when it breaches Rm0.60. Repeat this to get rich.

Posted by OckBoy > 2020-08-11 20:28 | Report Abuse

if me i choose lambo already ok d. buy only ma. up no up queue gtd there lo. repeat this more fast . this abg sam, turtle ni

Posted by MoneyShow3 > 2020-08-12 00:48 | Report Abuse

What is the downside, lower end price? 40sen?

Posted by ttt > 2020-08-12 14:14 | Report Abuse

does anyone knows when NFCP announcement / news will be announced this year by the Gov ?

Posted by Stonecold > 2020-08-12 19:49 | Report Abuse

NFCP should be this month

Posted by warchest > 2020-08-13 00:01 | Report Abuse

Downside is low but upside as well. Not much meat for this counter. Capital intensive industry and they been raising money via new issuance share capital (i.e. private placement, rights issue) and debt just to acquire growth, but with the expense of dilution in shareholders' interests.

Some analysts placed 25x P/E ratio to arrive at their target prices. But I won't be paying that valuation unless supported by (i) high growth in both topline and bottomline (ii) scale-up easily with, minimal costs. That's not the case for OCK. And OCK is not a tech company. It is more of a telco infrastructure company.

Posted by warchest > 2020-08-13 00:15 | Report Abuse

And why their receivables keep growing every year. That's because they provide financing to their customers but this has put a burden on cash inflow of the Group. Hence, they need to incur more debt and raise more funds to stimulate growth. As for IPO listing, it would not be materialised at least a year or two

Posted by warchest > 2020-08-13 10:53 | Report Abuse

OCK couldn’t match its profit with cashflow and its dilution with issuance of new share capital to fund for expansion activities means that shareholders own less of the company than the did before (unless they bought more shares). For that reasons, despite showing growing earnings but the earnings apparently are lower quality

Posted by holyspirit > 2020-08-13 16:05 | Report Abuse

i found out....local research analyst are all bullshit...look at others counter ....bad or good company also fried like no body business...
i have regretted to read kenanga research analysis about OCK.....maybe they are the one who sell down the stock.....very disappointed

Posted by holyspirit > 2020-08-13 16:08 | Report Abuse

At this crazy market.... all people who come into stock market , they are all play like they are in casino....no fundamental reason ...no strong company background, just purely follow punters words of mouth which stock to play next....
SO, Dear stockist or " Tai Lo" punter, when is OCK turn for you to fried huh?????

Posted by holyspirit > 2020-08-13 16:09 | Report Abuse

rotational play.....Dear punters, you belum play OCK yet...

Posted by holyspirit > 2020-08-13 16:10 | Report Abuse

At this 0.49 ..so cheap for you to fried.....

Posted by menort > 2020-08-13 16:48 | Report Abuse

Tomorrow Malaysia GDP report announcement. Most counter will drop price if gdp report lower than previous report.

Gdp announcement on 14/8/2020.

If result bad price will drop.

Posted by robertwts > 2020-08-13 19:46 | Report Abuse

Just buy it ! 0.48 pretty price !

Posted by abang_misai > 2020-08-14 10:54 | Report Abuse

i TELL YOU WHAT. I DID THE CRAZY THINGS TODAY. QUE 2MIL OCK-WA @0.005

Posted by OckBoy > 2020-08-14 18:42 | Report Abuse

you believe abang sam ka? haha nnt, roti canai ni

Posted by sakurako > 2020-08-16 11:32 | Report Abuse

https://www.samsung.com/ie/galaxy-5g/products/

Posted by Stonecold > 2020-08-17 10:16 | Report Abuse

OCK kena hit storm still can maintain to close at 0.485 . can see how the strong this OCK

Posted by spidyxero > 2020-08-18 10:12 | Report Abuse

US economy is now powered by the global demand for technology products - from the mobile phone, computer to medical devices - thus it creates a huge stream of good earning prospects that lead to an ever-growing of US Big Tech companies like Apple, AMD, Qualcomm or the recent massive success Taiwan Semiconductor (TSMC). 5G is coming

Posted by holyspirit > 2020-08-19 12:45 | Report Abuse

OCK coming.....it is OCK turn now .......

Posted by rikki > 2020-08-19 17:20 | Report Abuse

https://www.malaymail.com/news/malaysia/2020/08/19/technology-mastery-the-way-to-become-high-income-nation-says-pm-muhyiddin/1895235

Posted by sosfinance > 2020-08-20 10:03 | Report Abuse

1) Telco towers latest revenue is about RM150m (recurring) and growing about 8-10%p.a. - locked in for 10-15 years with major MNOs/Telcos (Can bring in RM2b in 10 years)

2) Solar PV revenue (also recurring) with 15-20 years of concessions to run based on old tariff (higher than new tariff), expanding with new acquisition from 6MW to 12MW.

3) Rotational themes on gloves, healthcare, tech, o&g, gold, penny stocks. Small & mid size stocks (around RM500m) and NFCP & 5G Spectrum may be next.

Posted by abang_misai > 2020-08-20 12:58 | Report Abuse

SOS, I have high regards for you. The info you shared have been very detailed. The only problem I have is that ock is a utility company and as such it is a slow grower. Which means it is only worth buying when it dips below Rm0.35 (undervalue Line). Then we sell when it surge about Rm0.60 (fair value)

Posted by holyspirit > 2020-08-21 03:35 | Report Abuse

You are right @ Misai !
I believe you have bought a lot at RM0.35...so this time round,,,need another 10 cents more, u can sell with good profit , Congratulation!

Posted by robertwts > 2020-08-21 21:26 | Report Abuse

Right issue?

Posted by sosfinance > 2020-08-22 08:41 | Report Abuse

Lately, you will notice "value traded of more than 50%" stocks are concentrated on healthcare related sector (esp gloves), tech (follow NASDAQ), and penny stocks (mainly volume traded) (as well as rotational play gold, o&g, vaccine distribution, NIIS, solar, plastic, masks and many more). Very concentrated to trend play. OCK is not in the trend yet, so have to wait. Some remisiers recommends to allocate some capital to "trend play".

Posted by Keong35 > 2020-08-22 13:42 | Report Abuse

monday OCK gap down

Posted by DreamKaiser > 2020-08-22 13:44 | Report Abuse

lagi tidor juga kah

Posted by DreamKaiser > 2020-08-22 13:44 | Report Abuse

still hibernating juga kah

Posted by DreamKaiser > 2020-08-22 13:44 | Report Abuse

don't know when good no to move