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KUALA LUMPUR: RHB research has reiterated its "buy" recommendation and raised its target price on OCK Group Bhd on the back of an expected pick-up in mobile-related capex in 2021.
RHB Research is maintaining a “buy” call on OCK Group with a target price of RM0.75, which is an 28% upside, as the group remains confident in sealing the towerco divestment deal soon
PETALING JAYA: Two small-cap, ACE Market stocks have emerged as favourites to ride on the RM1.5bil roll-out of 1,000 telecom transmission towers in rural and under-served areas throughout the country.
KUALA LUMPUR: OCK Group Bhd plans to use proceeds from a private placement exercise in October to acquire a company involved in the renewable energy business.
KUALA LUMPUR: RHB Research expects OCK Group Bhd's FY21 earnings growth of 16% to be underpinned by stronger mobile site deployments under the National Digital Infrastructure Plan and steady expansion of its regional towerco business.
KUALA LUMPUR: MMC Corp Bhd, Felda Holdings Bhd, Vortex Consolidated Bhd, GHL Systems Bhd,KKB Engineering Bhd, LBS Bina Group Bhd, OCK Group Bhd and Plastrade Technology Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.
KUALA LUMPUR: Stocks to watch on Monday include Bertam Alliance Bhd, Careplus Group Bhd, OCK Group Bhd, Wegmans Holdings Bhd and Berjaya Food Bhd.
KUALA LUMPUR: RHB Research believes the sell-down on OCK Group Bhd shares is overdone as the telco remains a key beneficiary of heightened telco infrastructure spending under the National Digital Network initiative and 5G rollout in the longer term.
KUALA LUMPUR: JF Apex Research expects Hibiscus Petroleum Bhd, Econpile Holdings Bhd, OCK Group Bhd, Priceworth International Bhd and Southern Steel Bhd to be among the stocks to watch on Tuesday following their latest news.