Hope the share buy back program returns more to the share holders

declared 3 sen final dividend... make it total of 5 sen per annual with dividend yield of about 5.2%....not bad compared with EPF... Can be better to

https://www.propertyguru.com.my/property-news/2019/11/184382/malaysias-residential-property-sales-predicted-to-be-record-high-since-2016

Quite impressive analysis of OSK, can’t disagree that it’s a well managed company...just needed a bit more time to proven itself

OSK very steady

I think market is now ...buy the rumors sell the news

If RHB RI sold at a P/BV (price over book value) of between 1.1 times and 1.9 times, this would value RI at between RM631 million and RM1.1 billion

OSK owned 10% of RHB to be beneficial as well

https://www.klsescreener.com/v2/news/view/562172

Coming quarterly announcement next month most probably will continue to make good profits, more cash, more assets, will there be good dividend and good share value appreciation???

In 2014, OLH embarked the game plan for OSK-PJD merger for Worth over RM3 bil

With the Q1 2019, NTA of RM2.27, it should worth around RM4.76 billion or more....

https://www.thestar.com.my/business/business-news/2014/10/25/what-is-ongs-game-plan-oskpjd-merger-will-result-in-a-developer-worth-over-rm3bil/

In 2012, OSK Holdings Bhd, which sold its investment banking business to RHB Capital Bhd (RHB Cap) for RM1.98 billion. The current 10.13% of RHB worth RM2.27 billion.

https://www.thesundaily.my/archive/1024421-ARARCH249258

OSK reported provision of financial assistance to third party amounted of RM609.756 millions...an amount equal to approximately 29 sen per share....very rich company

https://www.thesundaily.my/media-marketing/osk-marks-a-significant-milestone-YK1048515

OLH will use RHB to play around OSK, will not for sell

RHB rises 3.5%

If in 2014, OSK shares price can achieved high at adjusted price of RM1.514. After 5 years of business growth until today it should be at it best to achieve share price at higher even than RM1.5. No reason why It’s can’t uprisings.

NTA (after adjustment*)
2013 - RM 1.79*
2014 - RMr 1.90* RHB - 9.9%
2015 - RM 1.97* OSKP-PJD merger
Bonus issue 1:4
OSK WC issue
RHB - 10.1%
2016 - RM 2.06*
2017 - RM 2.19 Bonus issue 1:2
2018 - RM 2.21
2019 Q1 - RM2.27

Just to reflect the likelihood for OSK price movements based on the past 1, 2, or 5 years range at down side and the up side

The price movements actually were based on adjusted historical data

Price momentum:
1 year range 0.835 to 1.050
2 years range 0.835 to 1.120
5 years range 0.835 to 1.514

Regardless what said OLH. I think with current PE of around 5 as well as accumulated EPS retained with OSK after the last four years, with owned of 10% RHB, merger of PJD, OSKP into business...potential stock values double or triple uprising in near future. I believed OLH himself can’t wait too longer for that as well

At least can double /:-)

Hope that OSK can drop further...can buy more...will selling to OLH for RM1.5

OSK posts stronger 1Q on higher property, financial services contributions - net profit rose 21.8% but yet shareholders value dropped. Very fishy OLH?

https://www.klsescreener.com/v2/news/view/532658

Definitely make sense for OSK to re-initiate the share buybacks again since the stock price is undervalued at the moment. The last bought back only in 2016, treasury shares that bought previously with average buy back cost of RM1.67 compared now on RM 0.92.

10.13% in RHB in 2018 generated a cash inflow to the Group through dividends amounting to RM71.1 million (FY2017: RM48.7 million) and accounted for share of profit of RM215.1 million (FY2017: RM178.2 million). Expect to growth further in 2019.

As at 31 December 2018, the Group has 1,734 acres of land bank with an estimated GDV of RM11.3 billion in Klang Valley, Sungai Petani in Kedah, Butterworth in Penang, Kuantan in Pahang, Seremban in Negeri Sembilan including a GDV of RM2.3 billion in Melbourne, Australia for OSK’s stake.

OSK core Profit Before Tax (PBT) Compound annual growth rate (CAGR) averaged growth 10% for the last 5 years trend

the market may judge OSK to be undervalued the than the underlying facts would indicate it is.

Buy good businesses at fair prices

Trailing P/E of 5.6 represents a 17% Discount to its 5-year average of 6.7.

RHB Capital Berhad - company remained after splitting to RHB Bank distributed 1.1sen dividend today. OSK as shareholder will receive additional around RM4million dividend from RHB Capital Berhad if not mistaken from the 10% RHB share.

PE: 5.87
Profit margin: 28.74%
Dividend yield: 5.18
Earnings yield: 13.78%
Shareholders fund: 4.669 billion
Price to book: 0.44

Wahud, to be more exact it’s RM4.669 Billon company for sale of RM2.022 Billion only together with unbilled sale value of RM1.54billion

RM0.2 (other)
Total estimated value RM2.37

One OSK share
RM1.074 (Properties)
RM1.1 (Financial

406171518 RHB shares x 0.13 dividend or RM52.8 millions
OSK will received 13 sen dividend from RHB on May 23 - 2.5 sen per OSK share

OSK owned RHB 10.13% or 406.17 million RHB shares.
5.16 OSK shares owned 1 RHB share.
Current RHB price around RM5.7 - 1 OSK share has RM1.1 value.

Institutional ownership continued to increase from last year 5% to Jan 5.6% and now further increased to 5.92%. This’s excluding EPF owned about 1.17%.

https://markets.ft.com/data/equities/tearsheet/profile?s=OSK:KLS

There’s a time lapse effects on OSK accumulation of it’s value:

- the growth QoQ of RHB business effects will not be immediately to OSK, for the dividend only be received on later date
- the growth of unbilled sale of RM1.5b in properties business and receiving of value also will only realize in coming quarters
- Project launched value of RM1.21 b this year will add into the growth of properties development
- Cash with OSK of RM0.528 billion equal to 25 sen cash per share as of end 2018

Meaning that a better quarters result to come, however the stock price had be unfair tag with more than 50% discounted price to trap and stale value by large shareholders from retail shareholders whether from their bonus issue and warrant granted

Anyway Foreign Funds accumulated some OSK on Jan/Feb 19. BlackRock Fund added 14.12 millions as of Jan and 18.66 millions as of Feb. SSgA fund added 6.15 millions as of Feb.

OLH should spend more time on business growth rather than pumping down the stock so that to own more share. He should learned from other counters that let the market realize the true value and reward the investors according. Actually he will gain the most with capital gain as well as the bonus warrant.

Currently the stock pay 30% of EPS of 16.66 sen as 5 sen dividend. Cash is accumulate with the company. If the business growth trend continues with EPS around 7.33 sen per quarter, forecasted EPS for financial year of 2019 will be around 29 sen. Potentially double the stock price as well.

OLH definitely master of the stock with his own self interests always play with surprise factor of timing.

Goguess, actually gross profit up from 303.6 million to 341.7 million not drop. Revenue also increased from 1.169 billion to 1.204 billion. Profit before tax if excluding one off in 2017 also increased from 307.18 million to 395.4 million. Don’t mislead people.

Agreed ...more than double profit

OSK will receive approximately RM52.8 millions dividend from RHB....approximately 2.5 sen per share

Telekom only give 2 sen dividend

Simon I think you’re right.

With the current stock price below RM1 proposed give 3 sen dividend is showing OSK confidence in the business

For the financial year of 2017, OSK gave 3.5 2.5=6 sen dividend. Also capital changes with bonus issue of 1:2. After diluted with bonus issue - actual dividend was 4 sen. For financial year of 2018, OSK gave 2 sen interim dividend proposed this final dividend of 3 sen = 5 sen. Therefore actually 1 sen extra or dividend growth 25% more compared to financial year of 2017.