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The key risk with DNB lies in its execution, given the tight timeline for the deployment of the 5G network with commercialisation of services slated by year-end.
OCK’s proposed collaboration with ISOC Infrastructures Inc (ISOC) to pursue the telecom tower business in Philippines is a welcome development.
RHB Research has advised investors to buy on current weakness, supported by a two-year compounded annual growth rate of 52%. It views the recent appointment of Dr Yap Wai Khee as OCK’s new chief executive positively given his vast experience in overseeing telco assets in emerging markets under the Axiata Group and strengthening management execution.
PETALING JAYA: OCK Group Bhd’s strategy in increasing streams of recurring income has kept it resilient during the pandemic.
RHB Research has initiated coverage on OCK with a “buy” rating and fair value of RM1.65, which takes into account the dilution from the placement exercise and new shares to be paid as consideration for the acquisition of PT Mulia Telecommunication.
PETALING JAYA: Inorganic expansion and new build-to-suit site orders will see OCK Group Bhd’s recurring revenue contribution exceeding 80% in financial year 2021 (FY21).
OCK’s strategy to strengthen its recurring income through strategic regional expansion has started to bear fruit. Its recurring income soared to 18% (of the total group’s turnover) in 2015 versus 1.4% in 2013.