OSK HOLDINGS BHD

KLSE (MYR): OSK (5053)

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Last Price

1.40

Today's Change

-0.01 (0.71%)

Day's Change

1.38 - 1.42

Trading Volume

2,059,100


12 people like this.

7,482 comment(s). Last comment by Muthuarum 3 days ago

speakup

24,512 posts

Posted by speakup > 2022-08-22 07:52 | Report Abuse

of the 3, osk gives highest dividend

speakup

24,512 posts

Posted by speakup > 2022-08-22 07:53 | Report Abuse

of the 3, kseng most likely privatised

Posted by FAIRnREASONABLE > 2022-08-29 18:49 | Report Abuse

2 sens is double the previous 1 sen. Total dividend of 6 sens for the year is very good indeed, if being kept or increased in the future.

firehawk

4,769 posts

Posted by firehawk > 2022-09-20 09:28 | Report Abuse

After giving 2 sen drops 5 sen ..... no doubt, mr ong is a very smart businessman

Posted by XinXin Chan > 2022-10-21 20:24 | Report Abuse

Singor, maybe the dividend from RHBBANK was used up in dividend reinvestment plan

firehawk

4,769 posts

Posted by firehawk > 2022-10-27 09:00 | Report Abuse

The most impressive job he does is, controls the market price effectively .....

firehawk

4,769 posts

Posted by firehawk > 2022-11-30 17:00 | Report Abuse

the best criteria about this counter is, always provide cheap entry price to value investors !

Posted by FAIRnREASONABLE > 2022-11-30 18:11 | Report Abuse

agree with Firehawk that, as of today, the RHB component alone is still worth 1.25 time OSK entry cost.

firehawk

4,769 posts

Posted by firehawk > 2022-12-01 09:34 | Report Abuse

Some value investors (maybe not all) are very happy because they can always buy at cheap price, always happy .....

BursaKakis

368 posts

Posted by BursaKakis > 2022-12-08 10:53 | Report Abuse

HLIB starts coverage of OSK Holdings, target price at RM1.42
https://www.theedgemarkets.com/article/hlib-starts-coverage-osk-holdings-target-price-rm142

IanQ

112 posts

Posted by IanQ > 2022-12-09 19:47 | Report Abuse

finally trending up

speakup

24,512 posts

Posted by speakup > 2022-12-10 22:32 | Report Abuse

OSK, INSAS, KSENG the 3 most undervalued stocks in bursa

speakup

24,512 posts

Posted by speakup > 2022-12-10 22:41 | Report Abuse

OSK nta 2.61 pe 5x
INSAS nta 3.16 pe 2.7x
KSENG nta 6.25 pe 6.3x

ahbah

5,734 posts

Posted by ahbah > 2022-12-10 22:43 | Report Abuse

All veri chip lah. Just sapu.

speakup

24,512 posts

Posted by speakup > 2022-12-11 12:53 | Report Abuse

Next week onwards rm1+

Posted by Fabien _the efficient capital allocator > 2022-12-11 19:48 | Report Abuse

At least 1.20 which is their stake in RHB. Everything under the sun is essentially free.

IanQ

112 posts

Posted by IanQ > 2022-12-22 15:06 | Report Abuse

will it end the year above 1???

speakup

24,512 posts

Posted by speakup > 2022-12-22 16:19 | Report Abuse

OSK up d
INSAS up d
Only left KSENG haven't move

IanQ

112 posts

Posted by IanQ > 2022-12-22 16:27 | Report Abuse

wah.... open mouth and not even 1 hour later hit 1 rm. nice

speakup

24,512 posts

Posted by speakup > 2022-12-22 17:17 | Report Abuse

TP 1.50?

awesome20

1,184 posts

Posted by awesome20 > 2023-01-16 20:17 | Report Abuse

tomorrow fly high

speakup

24,512 posts

Posted by speakup > 2023-01-27 10:23 | Report Abuse

strong uptrend

speakup

24,512 posts

Posted by speakup > 2023-01-27 16:09 | Report Abuse

peak was rm1.50 many years ago
will it go back to 1.50?

speakup

24,512 posts

Posted by speakup > 2023-01-28 10:32 | Report Abuse

dont forget OSK is 2nd largest shareholder of RHB Bank at 6%

Posted by FAIRnREASONABLE > 2023-01-28 11:37 | Report Abuse

OSK holds 10.22% of RHB Bank, worth 1.175 times the capitalization of OSK today.

Posted by FAIRnREASONABLE > 2023-01-28 11:44 | Report Abuse

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.

stockraider

31,527 posts

Posted by stockraider > 2023-01-29 12:01 | Report Abuse

The key is: Rhb is a big strategic investment of OSK loh!

speakup

24,512 posts

Posted by speakup > 2023-01-29 12:06 | Report Abuse

oh 10% ah? even better :-)

IanQ

112 posts

Posted by IanQ > 2023-01-30 13:21 | Report Abuse

slowly going up... 1.02 now

speakup

24,512 posts

Posted by speakup > 2023-01-30 14:38 | Report Abuse

just a matter of time, back to 1.50 high

Posted by FAIRnREASONABLE > 2023-02-04 13:16 | Report Abuse

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.

IanQ

112 posts

Posted by IanQ > 2023-02-25 00:30 | Report Abuse

4 cents dividend... very consistent... too consistent...

SinGor

4,560 posts

Posted by SinGor > 2023-02-25 19:02 | Report Abuse

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.

SinGor

4,560 posts

Posted by SinGor > 2023-02-25 19:02 | Report Abuse

Of course we dont have this type of Political power Except if Najib returns

Income

9,629 posts

Posted by Income > 2023-02-25 19:03 | Report Abuse

Pleasant surprise?
https://youtube.com/shorts/ZbrIoXDKLSg?feature=share

speakup

24,512 posts

Posted by speakup > 2023-02-28 07:52 | Report Abuse

https://www.thesundaily.my/business/osk-holdings-registers-record-revenue-profit-before-tax-JP10689110
Record revenue! Record Profit! But share price not at record high? Ironic isn't it.?

gamestop

20 posts

Posted by gamestop > 2023-03-12 16:06 | Report Abuse

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

SinGor

4,560 posts

Posted by SinGor > 2023-04-05 18:50 | Report Abuse

Either IB donT give face to OLH or OLH has NO face to face PJD shareholders, OSKH is now valued at RM 1.00
by the Market. But Intrinsic Value is RM3.00+++

Berlin

243 posts

Posted by Berlin > 2023-04-07 10:49 | Report Abuse

OLH will always have the last laugh because with over 1 billion OSK shares in hand and a regular dividend payout of 4-6 sen, he gets annual cash income of RM40-60 million. Unless of course he gets to monetize the 421 million shares (10% stake) in RHB for a big payday, the minor movements in OSK share price is just a distraction.

SinGor

4,560 posts

Posted by SinGor > 2023-05-06 17:21 | Report Abuse

OLH borrow 1 billion from RHB to Buy OskH shares. @ 4% interest is 40million

speakup

24,512 posts

Posted by speakup > 2023-05-06 21:38 | Report Abuse

Now u know why OSK is the property sector top dividend company

Posted by DividendGuy67 > 2023-05-20 11:11 | Report Abuse

OSK is a very interesting company. It is true that it owns 10.22% of RHBBANK. As a result, last year, it received ~ RM169 million in dividends from RHBBANK.

But it only paid out RM127 million to its shareholders. Question is where is the remaining RM42 million? It runs a business that is supposed to be dividend addition, i.e. the rest of its business, by right, should add to the total of RM169 million dividends received from RHBBANK. Instead, its management is unable to generate more cash to add to the dividends, and only able to pay RM127 million.

Hence, market doesn't value the rest of its business. Probably because of poor management. Good management will create cash to add to the 169 million to pay its shareholders higehr than 169 million in dividends.

Posted by DividendGuy67 > 2023-05-20 11:13 | Report Abuse

If you like RHBBANK, go buy RHBBANK. Don't buy via OSK, because its management does somethiing wierd that ends up giving less dividends.

Posted by DividendGuy67 > 2023-05-20 11:24 | Report Abuse

I also don't think OSK will dispose its stake in RHB. Noted in 2016 Annual Report, that it owned 10.1% of RHB back then - that's like 7 years ago. Today still 10.22%, so, not much has changed, they kept it for at least 7+ years. They could have disposed and capitalize anytime in between. Furthermore, I think I read somewhere that they have Board representation and significant influence on RHB Bank future strategic directions. Doubt they will let go of that, given the likely large business inter-relationships.

My gut feel is the quality of management is poor and likely attributable to its long standing management culture. It is crazy that the stock NTA is like 2.75, but trades at only 0.96, a difference of RM1.75 or RM3.5 billion. This is taking all asset values, netting of all of its liabilities including netting off all of its 3 billion loans, to leave behind 5.75 billlion of Net Assets, and Market is only valuing this at 2 billion, ignoring the remaining 3.75 billion. Something like this.

Probably market is putting a huge discount, because of what I described above - collect 169 million from RHB BANK, but can only pay RM127 million to its shareholders. What laa ....

Posted by DividendGuy67 > 2023-05-20 11:34 | Report Abuse

To me, dividend is king. It's property businesses everywhere in Malaysia and Australia - I mean, if all that other business cannot add to the dividend it gets from RHB, what's the point of running all those other businesses? So, whether it is top dividend property company makes no financial sense to me, when the business didn't generate the dividend but its ownership of RHBBANK shares. Wierd ...

Posted by DividendGuy67 > 2023-05-20 11:42 | Report Abuse

https://www.nst.com.my/property/2023/02/884022/osk-has-returned-pre-pandemic-levels-new-peak-2016. When saw this kind of "marketing, self-promotional" news a while ago, initial thoughts are - "great, so, new peak profits since 2016 ... so, where's the dividend to shareowners?"; Why can't they pass through what they collect from RHB in its entirety? If they did this, for sure the stock price will shoot up.

Management don't have to work too hard to increase stock price here ... it's no brainer. Just pass through 100% what they get from RHBBANK and bang! Price goes up.

Posted by DividendGuy67 > 2023-05-20 12:14 | Report Abuse

OSK need to have a clearer dividend policy that says “I will at least pass through 100% of what RHB gives”. Then it sends a message that OSK does not have a “negative dividend policy”. Market doesn’t like negative dividend policies.

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