RHB raises earnings forecast on OCK, TP at 68 sen


KUALA LUMPUR: RHB research has reiterated its "buy" recommendation and raised its target price on OCK Group Bhd on the back of an expected pick-up in mobile-related capex in 2021.

After raising FY20-22F core earnings by 3% to 7%, the research house increased its target price on the stock to 68 sen from 65 sen previously.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

RHB Investment Research , OCK Group , telco

   

Next In Business News

Bursa Malaysia struggles as weak sentiment drags market
Gold set for weekly drop; traders await US data for cues
FedEx to spin off its freight trucking business
Japan's core inflation accelerates, keeps BOJ rate-hike chance alive
China leaves benchmark lending rates unchanged in Dec
Pentamaster shares drop 2% following PIL privatisation announcement
United Malacca shares rise as earnings forecasts are revised upward
Bursa Malaysia edges higher in early trading amid bargain hunting
Ringgit nearly flat against US dollar, strengthens against basket of other currencies
Trading ideas: Mah Sing, Vestland, Uzma, Aeon Credit, United Malacca, Lotus Circular, Poh Huat, MyNews

Others Also Read