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PETALING JAYA: Telecommunications network services provider OCK Group Bhd is in the final stages of getting a contract from Telenor’s Myanmar unit to build and lease over 900 towers in the country. Sources told StarBiz that the contract would last for 12 years and all the towers under this phase were expected to be completed next year.
MALAYSIA’S capital markets are undergoing a change.
OCK Group tripped into correction mode since peaking out temporarily at an all-time high of RM1.07 on July 24 last year. Based on the daily chart, this stock will remain in consolidation phase as long as the near one-year-old bearish descending line, resting at the 91-sen level, is intact. The immediate support is anticipated at the 81-sen mark, followed closely by the 77-sen line.
KUALA LUMPUR: OCK Group Bhd expects to raise gross proceeds of up to RM145.24mil through a proposed renounceable 1-for-2 rights issue of up to 290.49 million new shares with free detachable warrants.
STOCK picking is a difficult act to perfect as it is impossible to pick winners all the time. When StarBizWeek asked fund managers to name their favourite stocks for 2015, six provided their picks for the year and most are sticking to their choices.