Still Room For OCK To Peak
Still Room For OCK To Peak
OCK Group Berhad (OCK) is leveraging its existing resources to offer end-to-end services in its new digital business, targeting smart city solutions from state governments. Kenanga Investment Bank (Kenanga) in their report today (July 5, Friday) noted that OCK's digital unit has a tender book valued between RM300 million and RM400 million, with a focus on smart city solutions, managed services, connectivity, and cloud services.
OCK Group Berhad（OCK）正在利用其現有資源在其新的數字業務中提供端到端的服務，目標是州政府的智慧城市解決方案。肯南加投資銀行（Kenanga）在今天（7月5日星期五）的報告中指出，OCK的數字部門的招標書價值在3萬令吉至4萬令吉之間，重點是智慧城市解決方案、管理服務、連接和雲服務。
Kenanga maintains its OUTPERFORM recommendation on OCK with a target price of RM0.86, based on the company's robust market position and growth prospects in the digital and telecommunications sectors.
基於該公司在數字和電信領域的強勁市場地位和增長前景，Kenanga維持其對OCK的跑贏大盤建議，目標價爲0.86令吉。
OCK aims to capitalise on digital trends like generative AI, 5G, and AI cloud services to diversify its revenue and expand its service offerings. The group's integrated digital solution capability allows it to manage the entire infrastructure lifecycle, from planning and design to implementation, maintenance, and optimisation, with earnings contributions expected by CY25.
OCK旨在利用生成式人工智能、5G和人工智能雲服務等數字趨勢，實現收入多元化並擴大其服務範圍。該集團的綜合數字解決方案能力使其能夠管理從規劃和設計到實施、維護和優化的整個基礎設施生命週期，預計到25財年將實現收益貢獻。
OCK's digital unit has a significant share of its tenders (90%) targeting government contracts, including state and federal governments and various ministries, while the remaining 10% is aimed at enterprises, retail, and education sectors. The group is also pursuing AI cloud contracts and aims to receive recurring fees from services such as cloud AI, connectivity solutions, managed services, and cybersecurity.
OCK的數字部門的招標中有很大一部分（90％）是針對政府合同，包括州和聯邦政府以及各部委的，而其餘的10％則針對企業、零售和教育部門。該集團還在尋求人工智能雲合同，目標是從雲人工智能、連接解決方案、託管服務和網絡安全等服務中獲得經常性費用。
Kenanga maintained its forecasts and target price of RM0.86, based on a 7x FY25F EV/EBITDA, reflecting OCK's smaller size compared to larger peers like Edotco. OCK's share price performance has shown a 37.9% increase year-to-date, with a market cap of RM640.2 million.
基於 FY25F 電動汽車/息稅折舊攤銷前利潤的7倍，Kenanga維持了0.86令吉的預測和目標價格，這反映了與Edotco等大型同行相比，OCK的規模較小。OCK的股價表現今年迄今爲止增長了37.9％，市值爲64020萬令吉。
OCK is well-positioned to benefit from the JENDELA Phase 2 and 5G roll-out projects in ASEAN, with strong earnings visibility as 57% of its revenue comes from recurring income, primarily from telco tower leasing and network management contracts. The company's earnings may also receive a boost from new power management contracts for data centres.
OCK完全有能力從東盟的JENDELA第二階段和5G推出項目中受益，其收益知名度很高，因爲其收入的57％來自經常性收入，主要來自電信塔租賃和網絡管理合同。該公司的收益也可能因新的數據中心電源管理合同而得到提振。
Investors should consider OCK's strategic initiatives in the digital business sector and its competitive positioning within the telecommunications infrastructure industry. OCK's ability to leverage its existing resources and expand its service offerings indicates potential for future growth and profitability.
投資者應考慮OCK在數字業務領域的戰略舉措及其在電信基礎設施行業中的競爭地位。OCK利用其現有資源和擴大其服務範圍的能力表明了未來增長和盈利的潛力。
Investors are encouraged to evaluate OCK's performance and market conditions before making investment decisions.
鼓勵投資者在做出投資決策之前評估OCK的表現和市場狀況。
譯文內容由第三人軟體翻譯。