Stock Digest - OCK Group Bhd - Within Expectation

As at 1QFY23, OCK owns and manages over 5,300 telco sites across Vietnam, Myanmar, and Malaysia that will provide recurring income stream over the long term. We remain sanguine over the group’s on-going expansion plans in Vietnam and Myanmar to subsequently register more than 6,000 telco sites in FY23f. The group aims to beef up their tower portfolio by additional 1,000 towers in Vietnam as well as 200 towers each across both Myanmar and Malaysia in 2023.

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