OCK earnings remain highly sustainable on recurring income, says Kenanga

KUALA LUMPUR: Kenanga Research expects OCK Group Bhd's overall earnings to remain highly sustainable due to solid recurring revenue streams and potential benefit from upcoming government initiatives.

"While the group appears to be facing some hurdles in the near-term no thanks to Covid-19 induced movement restrictions, the group’s solid asset portfolio provides a high level of recurring income (c.70%) from tower leasing and solar farms.