OCK Group IPO

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OCK Group IPO

Post by Cals on Wed 04 Jul 2012, 10:04

Important dates (tentative)
Events Date
Opening of application 29 June 2012
Closing of application 6 July 2012
Balloting of application 10 July 2012
Allotment of Shares 13 July 2012
Listing 17 July 2012

OCK Group IPO

Investment Highlight

One-stop solution provider for telecommunications network. OCK Group provides one-stop turnkey solutions ranging from network planning, design and optimisation, energy management, infrastructure management, and provides managed services to clients. Feature of the Group as one-stop solution provider is understand to be the Group’s main competitive strength.
Rising demand for telecommunications network services. Demand for telecommunications network service is expected to be supported by the continuing penetration of broadband in Malaysia and increase in internet users.
Established market reputation. OCK has been operating since 2000 and its customer base covers most of the major telecommunication operators in Malaysia which include DiGi, Celcom, U Mobile, YTL, and P1. Furthermore, it also a partner of technology providers such as Alcatel-Lucent, Ericsson, Huawei, NEC, SIAE and ZTE for their telecommunications projects in Malaysia.
Experienced human capital in a highly technology oriented industry. Management team of OCK Group is comprised of highly experienced personnel with average more than 10 years experience and some personnel have also served as previous management team in its technology partners and providers.
Good working relationships with technology providers. The Group has established long standing working relationships with Alcatel-Lucent, Ericsson, Huawei, NEC, and ZTE which have strengthen the Group’s project tenders.
High barrier of entry. Significant initial capital requirement and high technical competency are limiting new players from entering the market and thus lower the competitiveness of the industry.
Valuation & Recommendation

Subscribe with a fair value of RM0.43. We peg the Group’s at 8x FY13F EPS of 5 sen, which is at the upper range of 6-8x PE for small cap valuation. Our fair value represents an upside of almost 20% from the offering price of RM0.36. We like the stock for its commendable earnings growth and the business model is not well represented in any of the listed companies except its peer, R&A Telecommunication.

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Re: OCK Group IPO

Post by Cals on Sat 07 Jul 2012, 01:34

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“It cannot be said too often that in speculation and investment, success comes only to those who work for it”
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Cals
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Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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Re: OCK Group IPO

Post by Cals on Wed 11 Jul 2012, 01:26

FA - NEWS

OCK Group IPO oversubscribed by 8.3x
by hlk Today at 01:25

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_________________
“It cannot be said too often that in speculation and investment, success comes only to those who work for it”
avatar
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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