Triple Digit Revenue Expected From OCK In Next 2 Years
Triple Digit Revenue Expected From OCK In Next 2 Years
OCK Group maintained its BUY recommendation from RHB Investment Bank (RHB), with an upgraded target price of RM0.82, indicating a potential upside of 33% alongside a projected 2% yield for FY24. The firm's focus on expanding its digital footprint is set to propel earnings, complementing its robust site leasing business thriving on 5G deployments across Malaysia and Indonesia.
OCk集團維持了來自RHb投資銀行（RHB）的買入推薦，並將目標價升級至RM0.82，表明未來有33%的上漲潛力，同時預測FY24的股息率爲2%。該公司的重點是擴大數字足跡，這將推動收益增長，同時還有5G在馬來西亞和印度尼西亞的部署帶來的良好基站出租業務。
Investors can anticipate substantial growth from OCK Group's venture into digital services, with expectations of triple-digit revenue over the next two fiscal years. This initiative is bolstered by a MYR300-MYR400 million tenderbook, featuring government and enterprise projects, underpinned by the company's end-to-end capabilities in infrastructure and connectivity solutions.
投資者可以期待OCk集團進軍數字服務行業帶來的巨大增長，預計在未來兩個財年中收入將翻倍。這一倡議得到了MYR300-MYR40000萬的招標書的支持，項目涵蓋政府和企業，並且是公司基礎架構和連接解決方案全流程能力的支撐。
OCK has also secured significant contracts in the data centre (DC) sector, with an orderbook exceeding MYR20 million. The company stands to benefit further from the escalating demand for ancillary power solutions amid expansions by hyperscalers and global co-location providers in Malaysia.
OCk還在數據中心（DC）行業獲得了重大合同，訂單總額超過MYR2000萬。在馬來西亞的超大規模擴張和全球一體化提供商的擴張中，公司站在從屬電源解決方案需求增長的更有利位置上。
RHB has adjusted upwards its earnings forecasts for OCK Group, reflecting stronger contributions from digital ventures starting in 2H24. This revision anticipates digital revenues to grow from approximately 2% in FY24 to 7% and 11% in FY25 and FY26, respectively, driven by new projects and commercialisation efforts.
RHb已經調整了對OCk Group的收益預測，反映2H24開始數字化企業的更強貢獻。這一修正預計數字收入將從FY24的2%增長至FY25和FY26年的7%和11%，原因是新項目和商品化努力的推動。
The outlook for OCK Group remains positive RHB said supported by a substantial outstanding orderbook exceeding MYR200 million, primarily driven by telco network services (TNS), educational contracts, and DC-related projects. With a tenderbook exceeding MYR550 million, including digital initiatives, TNS, and DC tenders, the firm is well-positioned for sustained growth in its key segments.
RHb說OCk集團的前景仍然積極，主要支持於超過MYR20000萬的大宗訂單，主要是基於電信網絡服務（TNS）、教育合同和與數據中心有關的項目。招標總價值超過MYR55000萬，包括數字化倡議、TNS和DC招標，公司在關鍵業務板塊保持了穩健的增長勢頭。
RHB's revised target price of MYR0.82, incorporating a 2% ESG premium, underscores OCK Group's compelling valuation at 4.6x FY25F EV/EBITDA. This assessment considers the company's strong market position and growth potential in digitalisation and infrastructure services.
RHB的目標價預測爲MYR0.82，包括2%的ESG溢價，這凸顯了OCk集團以4.6倍FY25F EV/EBITDA的合理估值。這一評估考慮到了該公司在數字化和基礎設施服務方面的強勁市場地位和增長潛力。
譯文內容由第三人軟體翻譯。