OCK to see big hike in recurring revenue contribution

TheStar Tue, Jul 07, 2020 09:41am - 3 years View Original


It added that OCK was looking to acquire around 1,100 brownfield tower sites in Vietnam and 300-400 sites in Myanmar this year.

PETALING JAYA: Inorganic expansion and new build-to-suit site orders will see OCK Group Bhd’s recurring revenue contribution exceeding 80% in financial year 2021 (FY21).

This offers longer-term earnings visibility and certainty for investors, said RHB Research.

It added that OCK was looking to acquire around 1,100 brownfield tower sites in Vietnam and 300-400 sites in Myanmar this year.

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