Over the past 8 years, OSK has transformed itself from a financial services company to a property group although financial services still accounted for more than half of the net assets.
Because of this set-up, while OSK's main operation is property development, a big part of the profits still came from its investment in RHB. The Malaysian property market had been soft for many years, but there are signs of recovery. Hopefully we will then have both cylinders firing thereby boosting OSK performance.
Universal Cable, based in Kuching, primarily manufactures and sells telecommunication and power cables. The company was placed under liquidation on May 15 this year. Olympic Cable, meanwhile, produces a wide range of cables, including copper, aluminum, fire-resistant, solar DC, fiber optic and transmission cables. ________________________________________ Liquidates assets worth 146mil OLH buys for 85mil ( with RHB 15sen Dividend )---I think OLH aims is major supplier for Data Cables for Data Center---Universal Cable should capture Data Center Cables But too Bad in Liquidation----so fat profit flows into OLH hands
Maybe OshK is the biggest supplier of Cables in Malaysia. Getting Big is one things but matching Demand is very difficult. The timing is just perfect. Massive demand comes from Data Centre and Malaysia has been very strict on Imported Cables ( Dumping quality) esp. China ones ( always not 100% pure Cables )
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....
sephiroth
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Posted by sephiroth > 2 months ago | Report Abuse
OK thanks