Insas selling at RM 0.795 is below net cash and with NTA of RM 3.30.
The market cap Market Cap: 551 Million NOSH: 693 Million (include 30,327,291 treasury shares) is even much much lower than the market value of it 14.48% holding of 537,008,575 Inari share which is recorded in the balance sheet as equity accounting asociate company.
The HLIB research report was very comprehensive and data-driven, very much aligned to my own assessment as a long-term OSK shareholder for over 10 years. Having read this report, I believe the analyst would have the tacit consent of OLH to prepare the report. As such, I think it is highly unlikely that blocking @ 0.88 will continue. I missed the boat in topping up by queuing at 0.89 just before the uptrend.
If the final dividend is restored to 0.05, I think OSK can go back to 1.50 soon. OSK's financial ratios clearly show that it is a gem among the property counters. OSK's focused business sectors are likely to deliver better results.
The substantial stake in RHB provides stable dividend income and enable OSK to pay good dividend consistently. The stake further provides leverage to low borrowing cost to run & expand OSK's profitable money lending business.
OSK used to issue bonus shares at about 5-year intervals. More recent issues in 2010, 2015, 2017 (special issue associated with PJD & OSKP take-overs). It has been 6 years since 2017 without bonus issue, likely due to COVID disruption. Let's see whether there is a pleasant surprise this year.
OskH's NTA 3Q22 reached 2.70.......Easily arrived at 3.00 in 4Q23. Said in 2000 when UMNO is supreme. Politician can arm-twist OLH to sell Osk at 1.00 and then Break-up Oskh to fully value RHB portion.
The only way the stock will up when all small shareholders sell at >100 sen or less to me...i'll then sell at 150 sen to OLH and then OLH delisted at 170 sen and breakup all the RHB to his own pocket then relisted againt of the OSKP at 300 sen
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Nkk1370
277 posts
Posted by Nkk1370 > 2022-05-30 17:36 | Report Abuse
Expect 1.5 to 2 sen coming dividend