[%iDPC%] 
Research by RHB
Buy - TP RM0.82

"A Light Quarter; Keep BUY"

KeepBUYandSOP-basedTPofMYR0.82,44%upsidewithc.2%FY24Fyield. OCK Group’s results were light against our/consensus estimates as its site contracting jobs are at the tail-end. We see revenue momentum picking up in 2H, supported by an outstanding orderbook of over MYR270m which includes recent wins in the data centre (DC) space. Investors should accumulate on price weakness.

Analyst:
Jeffrey Tan 
[%VfwY%]

$KLSE-OCK 
Research by RHB
Buy - TP RM0.82

"A Light Quarter; Keep BUY"

KeepBUYandSOP-basedTPofMYR0.82,44%upsidewithc.2%FY24Fyield. OCK Group’s results were light against our/consensus estimates as its site contracting jobs are at the tail-end. We see revenue momentum picking up in 2H, supported by an outstanding orderbook of over MYR270m which includes recent wins in the data centre (DC) space. Investors should accumulate on price weakness.

Analyst:
Jeffrey Tan 
jeffrey.tan@rhbgroup.com