[%RkhW%] Group
Research by Kenanga 
OUTPERFORM – TP RM0.86

" Snags More Data Center Power Jobs”

OCK has secured three new data centre (DC) backup power solutions (BPS) contracts valued at RM32.5m. While these new jobs are within our expectations, we remain positive on OCK’s continued success in securing DC-related contracts. We estimate that these contracts will contribute 3% to FY24F-25F earnings. BPS jobs currently account for 5% of FY24F-25F topline. We maintain our forecasts, TP of RM0.86 and OUTPERFORM call.

Analyst:
Kylie Chan Sze Zan
 [%zZIu%]

$KLSE-OCK Group
Research by Kenanga 
OUTPERFORM – TP RM0.86

" Snags More Data Center Power Jobs”

OCK has secured three new data centre (DC) backup power solutions (BPS) contracts valued at RM32.5m. While these new jobs are within our expectations, we remain positive on OCK’s continued success in securing DC-related contracts. We estimate that these contracts will contribute 3% to FY24F-25F earnings. BPS jobs currently account for 5% of FY24F-25F topline. We maintain our forecasts, TP of RM0.86 and OUTPERFORM call.

Analyst:
Kylie Chan Sze Zan
 kyliechan@kenanga.com.my