Posted by boon1515 > 2017-08-30 15:04 | Report Abuse

need wait OLH to push

Posted by yuanlong57 > 2017-08-30 17:50 | Report Abuse

OSK 2Q net profit up 32%, pays 2.5 sen dividend
Syahirah Syed Jaafar/theedgemarkets.com

August 29, 2017 18:57 pm MY

KUALA LUMPUR (Aug 29): OSK Holdings Bhd's net profit rose 32% to RM55.75 million in the second quarter ended June 30, 2017 (2QFY17) from RM42.25 million a year ago, on higher profit generated from the financial services and investment holding segment.

This was partly offset by lower contribution from the property, construction and industries segments.

Earnings per share rose to 4.03 sen from 3.05 sen. Quarterly revenue, however, fell 11.2% to RM274.85 million in 2QFY17 from RM309.53 million in 2QFY16.

The group also declared an interim dividend of 2.5 sen per share for the financial year ending Dec 31, 2017 (FY17), payable on Oct 11.

For the cumulative six months (1HFY17), the group's net profit slipped 1.7% to RM110.01 million from RM111.87 million a year ago, while revenue fell 12.2% to RM577.39 million from RM657.81 million in 1HFY16.

In a filing with Bursa Malaysia today, OSK attributed the weaker 1HFY17 performance to lower contributions from the property and industries segments, offset by higher profit recorded from the financial services and investment holding segment, as well as reduced loss in the hospitality segment.

Going forward, OSK said it is confident that the group will achieve satisfactory results for the remaining year.

It said performance of the property development division will continue to be driven by sales and progress billings from the existing projects and new projects to be launched in Malaysia and Australia.

"In Malaysia, the group has targeted to launch the first phase of new development namely Iringan Bayu in Seremban and Ryan & Miho in Petaling Jaya Section 13. As at July 31, 2017, the group has unbilled sales of RM1 billion and the land bank stood at 2,055 acres," it added.

As at June 30, 2017, OSK's outstanding construction order book stood at RM534 million, which is expected to contribute steadily to the group's profitability.

On its industries segment, OSK said it is anticipated to perform satisfactorily as it continues to tap on projects undertaken by the government and private sectors, as well as enhancing its profitability through improving production efficiency, cost control, monitoring and reporting.

OSK shares closed unchanged at RM1.60 today, with 99,200 shares done, bringing a market capitalisation of RM2.22 billion.

Posted by cocqueen > 2017-09-05 09:40 | Report Abuse

uncle ong coming with bulldozer again....

Posted by WinnerWay > 2017-09-05 10:19 | Report Abuse

JJchan, what bonus? mind to share?

Posted by WinnerWay > 2017-09-05 11:19 | Report Abuse

dont know when this ah pek stock will fly high?

Posted by cocqueen > 2017-09-05 11:54 | Report Abuse

looks like they r collecting

Posted by cocqueen > 2017-09-05 16:50 | Report Abuse

good sign marubozo

Posted by 5percent > 2017-09-05 17:59 | Report Abuse

just keep and wait

Posted by cocqueen > 2017-09-06 15:23 | Report Abuse

enter 1.62 good luck

Posted by cocqueen > 2017-09-06 16:51 | Report Abuse

cornered stock....

Posted by boon1515 > 2017-09-06 17:12 | Report Abuse

seems like push slowly

Posted by chkhooju > 2017-09-06 17:54 | Report Abuse

A can sleep well stock. Not to worry about.

Posted by cocqueen > 2017-09-11 10:04 | Report Abuse

looking good!..break 1.66 come on!!!!!!!!!!!!!

Posted by hng33 > 2017-09-11 12:07 | Report Abuse

Sold back all OSK at 1.66, lock all paper profit, free up capital. Need free up capital to raise cash for UMWOG right 30sen subscription next + free warrant. Hope still have time to buyback before bonus share declare.

Posted by cocqueen > 2017-09-11 15:54 | Report Abuse

will regret for sure..i definitely see it going much higher....

Posted by yuanlong57 > 2017-09-12 06:35 | Report Abuse

hng33 has his ways. Don't worry.

Posted by 5percent > 2017-09-12 17:33 | Report Abuse

hng33 will buy back later

Posted by vitac > 2017-09-12 17:35 | Report Abuse

Sell OSK, subscribe UMWOG rights, very funny decision...

Posted by boon1515 > 2017-09-12 18:41 | Report Abuse

be like hng33

Posted by Edward Pang > 2017-09-12 22:33 | Report Abuse

finally the price exceed my average price since 4 years ago !

Posted by cKhong > 2017-09-21 12:34 | Report Abuse

Why suddenly drop a lot?

Posted by FUCKYOUGAOGAO > 2017-09-22 09:27 | Report Abuse

EX DATE

Posted by boon1515 > 2017-09-27 18:28 | Report Abuse

close gap?

Posted by cocqueen > 2017-10-02 15:11 | Report Abuse

ya next week...goreng coming..

Posted by boon1515 > 2017-10-05 17:36 | Report Abuse

no power sia

Posted by FUCKYOUGAOGAO > 2017-10-06 12:10 | Report Abuse

this stock just like my name

Posted by cocqueen > 2017-10-06 14:05 | Report Abuse

ya..agreed!..give bonus also cant go up wtf!

Posted by cKhong > 2017-10-10 17:05 | Report Abuse

Anything happened?

Posted by boon1515 > 2017-10-10 17:10 | Report Abuse

suddenly float up =D

Posted by cocqueen > 2017-10-12 15:13 | Report Abuse

which stupid idiot conv w ? why so stupid ?

Posted by boon1515 > 2017-10-12 19:22 | Report Abuse

approved adi http://www.bursamalaysia.com/market/listed-companies/company-announcements/5570921

Posted by Myway > 2017-10-12 19:52 | Report Abuse

The one who convert the OSKH warrant to mother share should not have invested money in stock market, better keep in FD.

Posted by firehawk > 2017-10-12 20:00 | Report Abuse

fast fast announce Ex-date!

Posted by cocqueen > 2017-10-13 15:08 | Report Abuse

very obvious what they r doing.....collecting before push....this crap is so undervalued.... ultimately when u see the large cap property counters...everything seems exp...except this...eventually funds will just shift their allocations and start whacking it all the way up....due to its low free float...

Posted by Wong Kah Wei > 2017-10-19 10:35 | Report Abuse

fast fast announce Ex-date!

Posted by cocqueen > 2017-10-19 19:53 | Report Abuse

hv to hv egm first then only date out...earliest dec..

Posted by cKhong > 2017-10-27 17:32 | Report Abuse

sleeppppp longggg longgggggg time!

Posted by Tee Kim Sai > 2017-10-28 14:37 | Report Abuse

egm in oct to announce bonus ex..date.

Posted by Wong Kah Wei > 2017-10-28 21:05 | Report Abuse

Fast fast lah....and push price go up lah

Posted by hng33 > 2017-10-30 09:48 | Report Abuse

bought back OSK at 1.57

Posted by Ckrm50 > 2017-10-30 10:01 | Report Abuse

EGM 14 Nov 17

Posted by hng33 > 2017-10-30 10:25 | Report Abuse

EGM for bonus + Upcoming Q result, OSK will recognized massive gain on Australia project disposal 49% stake to EPF.

Posted by hng33 > 2017-10-30 11:48 | Report Abuse

Accumulated all back OSK, all at 1.57

Posted by cocqueen > 2017-10-30 12:52 | Report Abuse

good...fully loaded waiting for it!

Posted by hng33 > 2017-10-30 13:42 | Report Abuse

The Disposal and Yarra Park Subscription are expected to increase the net earnings of OSKH Group by approximately AUD38.2 million (or RM129.0 million) and a foreign exchange gain on the total investment in Yarra Park of RM49.2 million which was previously recorded as foreign exchange reserve; or a total increase of 12.86 sen per share for the financial year ending 31 December 2017.

The above deal already completed in 8 Aug 2017, therefore the net gain of disposal of its 49% stake to EPF will realize in coming Q result to be release end of next month.

Posted by hng33 > 2017-10-30 13:52 | Report Abuse

The rationale for Bonus 2 for 1 are

i. Reward the existing shareholders of the Company for their continuous support;

ii. Increase the number of Shares held by the Company's existing shareholders without increasing the percentage equity interest; and

iii. The adjusted market price of OSK Shares pursuant to the Proposed Bonus Issue is expected to result in the OSK Shares being more affordable in order to appeal to a wider group of public shareholders and investors. This in turn could possibly able to encourage trading liquidity of Shares on Bursa Securities and greater participation by investors as well as potentially broadening the shareholder base of the Company

• Convening of EGM to obtain the approval of the shareholders of OSK for the Proposed Bonus Issue ( 14 Nov)

• Announcement on the Entitlement Date ( end of Nov 2017 could be coincidence with higher Q3 result due to inclusion of massive net gain from 49% sell stake in Australia project to EPF)

• Listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities ( mid of Dec 2017)

Posted by TheContrarian > 2017-10-31 19:23 | Report Abuse

Btw hng33, bonus is 1 for 2 not 2 for 1.

Posted by Myway > 2017-10-31 19:59 | Report Abuse

Following the bonus issue, warrant holders will get bonus warrant too. I suppose the warrant exercise price will also be adjusted down by the same proportion. Can anyone confirm ?

If that is so, it is better to put your bet on OSK-W.

Posted by firehawk > 2017-10-31 20:12 | Report Abuse

right! warrant also has bonus issue 1:2 + exercise prx adjusted!

Posted by TheContrarian > 2017-10-31 20:46 | Report Abuse

Yes but I prefer the mother because of regular dividend payouts.