Posted by sephiroth > 2013-02-13 16:44 | Report Abuse

bought 1.40 last week, started moving. Kenanga report as follows

Great value in OSK Holding. There is currently a wide gap between OSK's total market capitalisation of RM1.4b and OSK's 9.9% stake in RHBCAP, which is worth RM1.9b based on the latter's current market capitalisation. This makes OSK a cheaper proxy for entry into RHBCAP, which is itself already a laggard among the banking stocks. Our sensitivity analysis shows that every 50.0 sen increase in RHBCAP's share price will raise OSK's RNAV by 12.0 sen.

- To benefit from the merger synergies. In addition to that, we view the merger as a positive move for OSK where it will benefit from its equity interest in RHBCAP, which is backed by a strong commercial banking and an enlarged investment banking arm, in deriving top-line synegies. The group would now also be able to leverage on RHBCAP's strong balance sheet position for growth. Together with the proceeds from the merger and its smaller capital expenditure requirements going forward, we estimate that OSK should be able to increase its dividend payout ratio to 60%-70% of its net earnings.

Posted by sephiroth > 2013-02-27 09:41 | Report Abuse

OSK gonna receive dividend of RM39.2m (0.16 X 245 million shares) from rhbcap

Posted by iafx > 2013-02-27 11:21 | Report Abuse

oskholdings has sufferred great deal of trust worthy damage, despite its bright prospect with good DY, market simply don't trust the man - holding a 900m capital in addition to 245m in rhbcap ... olh & gengs r holding too much to themselves!

fortunately, osk is still paying good div - good time or bad time, this is the only reason why it can still stand at 1.4 - ppl buy according to what they expect in return.

Posted by sephiroth > 2013-02-28 19:25 | Report Abuse

RM870m net profit but 2.5 sen gross dividend????

Posted by sephiroth > 2013-02-28 19:27 | Report Abuse

NAV increase to RM2.52

Posted by iafx > 2013-02-28 19:38 | Report Abuse

as said, u cannot expect oskh to pay high div, although oskh will continue to pay. oskh value is deeply lock-down, the current market price accurately reflect this point.

olh has no one to blame but himself for sluggish share price.

Posted by sephiroth > 2013-03-11 09:39 | Report Abuse

Shareholders need to bombard request on olh for special dividend, OSK rhb stake is now worth RM2.03 billion at RM8.29 compare to mkt cap RM1.42 billion

Posted by iafx > 2013-03-11 12:24 | Report Abuse

looks like hiking rhbcap price has better effect on oskh than div :D

Posted by sephiroth > 2013-03-12 23:06 | Report Abuse

OSK volume have spike substantially. Total volume from last week (5 days) is 2,124,100 shares but volume for today alone is 6,799,200 shares. Volume spike just like glomac, kseng. This week the price will power up pass 1.60 hopefully

Posted by stanleysew > 2013-03-14 11:04 | Report Abuse

Everyone waiting for dividend ya

Posted by PureBear > 2013-03-17 13:10 | Report Abuse

“ ------------------
The Edge weekly in its latest edition reported that in an effort to create better value and improve tax efficiency, there was a proposal to restructure RHB Capital Bhd in an exercise that would lead to its privatisation.

The extensive proposal suggests that RHB Bank will be re-listed later and the banking group be enlarged with the subsequent injection of Malaysia Building Society Bhd at a later stage.
--------------------“

http://www.theedgemalaysia.com/business-news/233218-stocks-to-watch-rhb-capital-mbsb-sapurakencana-petroleum-luster-dayang-perdana-petroleum-.html

How will this affect OSK? If RHBCap is privatized with payment in cash then OSK will be PN17 company with lot of cash but not enough business! Then back to the same old question of whether to distribute the cash by capital repayment or looking for new business – I suspect the cunning OLH will choose new business again.

Posted by necro > 2013-03-17 13:46 | Report Abuse

Gulppp....
2pn17 in banking sector?

Posted by sephiroth > 2013-03-18 11:46 | Report Abuse

olh keep all the money and rhb shares to himself. When's the agm? somebody gotta grill him to unlock value for shareholders

Posted by iafx > 2013-03-28 09:46 | Report Abuse

olh gonna tell u: my way or high way!! :D

osk should make it into guiness record, having a huge mountain behind it (rhbcap), money lending biz... it still sit at 1.47?! this is one good lesson - do not spoil yr name

on the other hand, no mistake no opportunity? :)

Posted by Alex Leow Sze Shen > 2013-03-29 23:22 | Report Abuse

what the hell happening to OSK?

Posted by sephiroth > 2013-03-30 09:30 | Report Abuse

Wait for 10 Apr AGM where the shareholders will question olh about special dividend and new core biz

Posted by wachin > 2013-04-10 15:31 | Report Abuse

AGM today...any good news??

Posted by iafx > 2013-04-10 16:46 | Report Abuse

http://www.theedgemalaysia.com/business-news/235591-flash-osk-holdings-expects-to-distribute-higher-dividend-in-fy2013.html

Posted by iafx > 2013-04-10 20:29 | Report Abuse

A + / A - / Reset

KUALA LUMPUR (April 10): OSK HOLDINGS BHD [] will distribute higher dividends to its shareholders for current financial year ending December 31, 2013 (FY13) compared to last year's payout ratio of 10%.

Group managing director and CEO Tan Sri Ong Leong Huat said the higher dividends will be supported by dividend payments from RHB CAPITAL BHD [] where OSK is a major

"I think we will be able to pay more in dividends this year as previously, RHB Capital paid a good dividend of about 35% of

"Based on that, we will be able to get a certain amount of money to pay dividends to our shareholders," Ong said at a press conference after OSK's AGM today.

He said the group also expects to double its operating profit from RM15 million in FY12 to RM30 million in FY13.

"We expect to double our operating profit to RM30 million this year, but this excludes the contribution from RHB Capital," said Ong.

Posted by wachin > 2013-04-10 20:40 | Report Abuse

special dividend issue have been neglected...

Posted by iafx > 2013-04-11 08:03 | Report Abuse

OSK aims to double profit and focus on financing and property development

http://biz.thestar.com.my/news/story.asp?file=/2013/4/11/business/12955322&sec=business

Posted by sephiroth > 2013-04-11 09:43 | Report Abuse

Ppl need to wake up to see how deeply undervalue this counter is. It's rhb stake increase RM7.50 to RM8.50 but share price increase only from 1.45 to 1.53??? Ong said there would be enough money to pay dividends, as OSK Holdings has RM1.5bil in reserves that could be used when needed.

Posted by wachin > 2013-04-11 10:36 | Report Abuse

volume increasing...

Posted by iafx > 2013-04-11 11:47 | Report Abuse

fuyoo... kuat oh

Posted by sephiroth > 2013-04-11 12:09 | Report Abuse

OSK ready to march forward after sleeping for 52 weeks

Posted by iafx > 2013-04-11 12:26 | Report Abuse

not sleeping... fainted instead, hopefully the buying will continue to its NAPS of $2.5

Posted by wachin > 2013-04-11 12:47 | Report Abuse

today only star gearing... still can go :)

Posted by sephiroth > 2013-04-11 16:29 | Report Abuse

today is only the beginning, rise of the sleeping giant

Posted by NRobert > 2013-04-11 20:01 | Report Abuse

OSK, time to wake up!this sleeping beauty must start charging!

Posted by powerwk > 2013-04-11 23:22 | Report Abuse

wow all brother seem like holding many lots of this stock. Let see what happen tomorrow for this sleeping giant...

Posted by powerwk > 2013-04-12 23:03 | Report Abuse

after heavy activities yesterday. Today this giant look like a bit tire to move...

Posted by wachin > 2013-04-12 23:18 | Report Abuse

volume still big...

Posted by sephiroth > 2013-04-15 09:30 | Report Abuse

Now ppl finally realise this counter is a sparkling gem, FY12 div 10c gross, est FY13 div 12 - 15c gross

Posted by iafx > 2013-04-15 09:34 | Report Abuse

yes, happy to see the up trend is still intact!! :D

Posted by wachin > 2013-04-15 09:35 | Report Abuse

1.63 resistance...

Posted by iafx > 2013-04-15 09:44 | Report Abuse

no worry at all, a must have counter for FV, div yield counter, plenty of potential catalyst in future :)

Posted by sephiroth > 2013-04-15 11:00 | Report Abuse

Representatives of the EPF and Middle East-based Aabar Investments are scheduled to meet in the next two weeks to discuss matters relating to RHB Capital. These include a potential restructuring exercise that may bring about a privatisation, say executives familiar with the matter. Meanwhile, another executive says that OSK Holdings is open to the corporate restructuring plan. Nearly a month ago, The Edge reported on a proposal to restructure RHB Capital in an exercise that could lead to its privatisation, in an effort to create better value and improve tax efficiency. The extensive proposal included the option for RHB Bank to be re-listed later. The banking group could also be enlarged with the subsequent injection of Malaysia Building Society, which is majority-owned by the EPF. (The Edge)
We have commented on the potential restructuring of RHB Capital in our report dated 17 Mar 13. We do not see high possibility for a privatisation of RHB Capital due to high capital outlays by EPF for the exercise. It would be more cost effective for EPF to create of a holding company for its stake in RHB Capital in order to meet the requirements under the Financial Services Act (FSA). However, it would be a significant re-rating catalyst if the privatisation is implemented. If RHB Capital is taken private, investors could crystallise the gains on their investments. Based on an assumed P/BV of 1.8x, the offer price would be RM11.24. But it may be negative in the longer term if only RHB Bank is re-listed as investors would not have exposure to RHB Capital’s other businesses, especially the investment banking unit, which has the regional exposures.

Posted by iafx > 2013-04-16 10:34 | Report Abuse

Investors to discuss RHBcap privatization

"...OSK Holdings reportedly already agreeing to the plan."

http://www.theedgemalaysia.com/business-news/236015-investors-to-discuss-rhbcap-privatisation.html

very strong catalyst in the pipeline

Posted by wachin > 2013-04-16 10:42 | Report Abuse

good news but poor market timing...

Posted by iafx > 2013-04-16 10:44 | Report Abuse

this is a future catalyst anyway. for now it helps to stabilize the price... osk been sitting in the range of 1.4x way tooooooo long already :)

Posted by wachin > 2013-04-16 11:03 | Report Abuse

dividend ex-date next week 23/4 :)

Posted by iafx > 2013-04-16 11:27 | Report Abuse

OSK back on investors’ radar, market anticipates higher dividends

http://biz.thestar.com.my/news/story.asp?file=/2013/4/16/business/12975972&sec=business

Posted by lotsofmoney > 2013-04-16 11:29 | Report Abuse

Usual trick to up the share price.

Posted by iafx > 2013-04-16 11:31 | Report Abuse

lotsof-sour-lemon :D :D :D

Posted by sephiroth > 2013-04-17 09:35 | Report Abuse

Even ppl from the jungle knows how deeply undervalue this counter is

Posted by sephiroth > 2013-04-18 14:55 | Report Abuse

After the rhb-osk briefing at 2.15pm, the volume seems increase a lot

Posted by berry > 2013-04-24 10:22 | Report Abuse

i hope it is not going to fall into 250 days deep sleep again.zzz

Posted by wachin > 2013-04-24 10:30 | Report Abuse

luckily sold it before dividend ex-date... waiting for re-enter

Posted by iafx > 2013-04-24 10:34 | Report Abuse

that's a handsome at least 10c net profit... :D

Posted by sephiroth > 2013-04-26 16:52 | Report Abuse

Old Ass Kay become young again, now 1.59