OLH is a magician, the total EPS for the last 4Q = 20.61 sen, the total DPS for the last 4Q = 4 sen and the NTA only increase from RM2.53 to RM2.61 only 8 sen. And the difference from the total earning, minus distributed and retained as the asset of 8.61 sen disappeared magically.
Somebody pl keep an eye on the company 's cash pile. It must not leak somewhere or into the pockets of the major shareholders. The minority watchdog must assist the small holders in sincerely
Which had properties companies done a better profit than OSK during this COVID-19 Recovery situation?
OSK Holdings Bhd posted a net profit of RM103.61 million in the second quarter (Q2) ended June 30, 2021, up by 73 per cent from RM59.83 million in the same period last year.
OSK Holdings Bhd’s net profit climbed 73.18% to RM103.61 million in the second quarter ended June 30, 2021 from RM59.83 million a year earlier, as businesses were allowed to operate, although at lower operating capacities, despite the continuous lockdown. Quarterly revenue jumped 53.07% to RM267.21 million from RM174.57 million, helped by its property, industries, capital financing and investment holding divisions. The company also declared an interim dividend of one sen per share to be paid on Sept 30.
For the six months ended 30 June 2021, OSK HoldingsBerhad revenues increased 38% to RM592.2M. Net income increased 61% to RM220M. Revenues reflect Property segment increase of 64% to RM394.9M, Financial Services segment increase of 39% to RM80.3M, Construction segment increase from RM0K to RM1.3M, Malaysia segment increase of 44% to RM591.8M, Australia segment increase from RM0K to RM384K.
RICH44OLH should initiate a share buyback again, rather than keeping the cash with OSK doing nothing that will devalue overtime, keeping the share value better than cash than no plan to return to the shareholders
RICH44OLH should learn from billionaire 17 Franchis Yeoh...cashs return to shareholders even during quarterly earning losses reported still give 2.5 sen dividen. By cash back to shareholders stay confident with shareholders for more prosperities....
SinGor, nobody interests in how much cash he will bring into the grave. He thought that he is the only one that takes control of OSK, is at risk of taking over by other parties of interest as it is a publicly listed company.
SinGor, not sure which annual report you are reading? In the 2020 OSK annual report, OLH total direct interest is 6.58% and indirect interest is 46.15%. Her wife direct interest is 1.43% and indirect interest is 18.57%. However, when companies are publicly listed - legally they are only major shareholders and no longer the "owner" of the company and are subject to many regulations of Securities Commission of Malaysia. It belongs to all the stakeholders of the companies and is enforceable and regulated. Even the PLC is required to comply with the 12.5% Bumiputera equity requirement at any point of transfer.
That is what happened to the Loy Hean Heong founder of Mbf group. After he died in 1997, his whole business went under. All his assets were sold by the bank to pay off his loans, but it was not enough and taking over.
notice that somebody put up postings and deleted all of them later, not the first time doing this .... think thoroughly before posting, dare to post, dare to keep!
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Posted by Muthuarum > 2021-08-30 11:19 | Report Abuse
OLH is a magician, the total EPS for the last 4Q = 20.61 sen, the total DPS for the last 4Q = 4 sen and the NTA only increase from RM2.53 to RM2.61 only 8 sen. And the difference from the total earning, minus distributed and retained as the asset of 8.61 sen disappeared magically.