EIPT’s proposed listing holds earnings potential for OCK

Kenanga Research said it is “cautiously optimistic” about the proposed listing, pending further clarity on key details, particularly EIP’s IPO pricing.

PETALING JAYA: The proposed listing of OCK Group Bhd’s 52%-owned energy solutions subsidiary, EI Power Technologies Sdn Bhd (EIPT) may result in earnings dilution, says Kenanga Research.

The research house said OCK’s effective stake in EI Power Bhd (EIP) will drop to 37.2% post-initial public offering (IPO) from 52% in EIPT.