OCK Well Positioned For Widespread Adoption Of 5G Networks
OCK Well Positioned For Widespread Adoption Of 5G Networks
PhilipCapital Investment Bank, in its latest update on OCK Group, reported significant strides in the company's expansion strategy and robust growth prospects in the telecommunications sector.
PhilipCapital投資銀行在其最新關於OCK集團的更新中報告了該公司拓展戰略和電信板塊強勁增長前景的顯著進展。
The House maintained its BUY rating as OCK has successfully positioned itself to benefit from the widespread adoption of 5G networks, both domestically and internationally. The company is poised to capitalize on higher tenancy ratios in Malaysia, which are projected to increase from 1.5x to 1.6x, supported by new site deployments under the dual 5G network initiative. Moreover, OCK secured a contract for 100 new sites in Laos, with substantial progress expected by 2025.
該機構維持買入評級，因爲OCK已成功地定位在5G網絡的廣泛採用之中，無論在國內還是國際市場上。該公司有望從馬來西亞更高的物業比例中受益，預計物業比例將從1.5倍增加到1.6倍，在雙5G網絡計劃的支持下，新站點的部署將進一步加強。此外，OCK已在老撾獲得100個新站點的合同，並預計到2025年獲得重大進展。
Additionally, OCK is advancing in its data centre and digital solutions businesses, which are pivotal for its future growth. The company is actively pursuing data centre projects valued at RM50m, with a strong historical success rate. Furthermore, OCK has secured a significant 2.5MW Net Energy Metering (NEM) solar project, set to contribute from 2025 onwards. Its digital solutions arm also shows promising prospects with ongoing bids amounting to RM400m, including a notable contract for AI-based face recognition integration.
此外，OCK正在推進其數據中心和數字解決方案業務，這對其未來增長至關重要。該公司正在積極追求價值5000萬令吉的數據中心項目，並且具有強大的歷史成功率。此外，OCK已經獲得了一個重大的2.5MW淨能量計量（NEM）太陽能項目，將從2025年開始產生貢獻。其數字解決方案業務也顯示出良好的前景，正在進行的投標總額達4億元，包括一個關於基於人工智能的人臉識別集成的重要合同。
PhilipCapital maintains a positive outlook on OCK's earnings trajectory for 2024, underpinned by a robust order book of RM220m and favourable prospects in tower leasing and digital initiatives. The company's strategic focus on securing contracts in data centres and digital solutions presents near-term catalysts for potential growth. Therefore, PhilipCapital reiterates its BUY rating with an unchanged SOP-derived target price of RM0.85.
PhilipCapital對OCK在2024年的收益軌跡保持積極展望，在鐵塔租賃和數字方案中前景看好，RM220m的訂單簿是有力支持。該公司專注於在數據中心和數字解決方案方面獲得合同，這爲潛在的增長帶來了短期影響。因此，PhilipCapital重申其買入評級，其SOP衍生的目標價仍爲RM0.85。
This valuation reflects PhilipCapital's confidence in OCK's ability to leverage its strengths in telecommunications infrastructure amidst the evolving landscape of 5G adoption and digital expansion initiatives.
此估值反映了PhilipCapital對OCK在5G採用和數字擴張倡議不斷演變的情況下利用其在電信基礎設施方面的優勢的信懇智能。
譯文內容由第三人軟體翻譯。