[%RGhM%] 
Research by Kenanga
MARKET PERFORM – TP RM0.60

" Eyeing Next Phase of 5G & JENDELA ”

OCK's 2QFY24 impairment loss on trade receivables were explained as once-off and related to certain contracts in Myanmar. Meanwhile, the group is focused on completing outstanding 5G rollout and JENDELA Phase 1 contracts. This is while awaiting the second phase of these projects to take-off. We maintain our forecasts, TP of RM0.60 and MARKET PERFORM call.

Analyst:
Kylie Chan Sze Zan
 [%Ktwd%]

$KLSE-OCK 
Research by Kenanga
MARKET PERFORM – TP RM0.60

" Eyeing Next Phase of 5G & JENDELA ”

OCK's 2QFY24 impairment loss on trade receivables were explained as once-off and related to certain contracts in Myanmar. Meanwhile, the group is focused on completing outstanding 5G rollout and JENDELA Phase 1 contracts. This is while awaiting the second phase of these projects to take-off. We maintain our forecasts, TP of RM0.60 and MARKET PERFORM call.

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