Stock Digest - OCK Group Bhd - Gradual Improvement

As at end-2QFY22, OCK owns and manages over 4,800 telco sites (3,000 sites in Vietnam, 1,200 sites in Myanmar and 600 sites in Malaysia) that will provide stream of recurring income over the long term. We note that towerco expansion is largely on track with OCK aims to register more than 5,000 telco sites (targeting 3,200 sites in Vietnam, 1,300 sites in Myanmar and 800 sites in Malaysia) by end-2022.