Posted by anonboy > 2017-05-25 22:28 | Report Abuse

OSK 1Q net profit down 22% on weak property, industrial segments http://www.theedgemarkets.com/article/osk-1q-net-profit-down-22-weak-property-industrial-segments

Posted by anonboy > 2017-05-25 23:19 | Report Abuse

http://www.mansionglobal.com/articles/62718-after-slowdown-hopes-are-high-for-real-estate-in-malaysia

Posted by Vivian Hee > 2017-05-30 12:49 | Report Abuse

OSK not bad, still up during bad market sentiment.

Posted by yuanlong57 > 2017-05-30 14:56 | Report Abuse

OSK earnings still decent.
OSK launch of Melbourne Square properties, future income growth.

Posted by cocqueen > 2017-05-31 16:54 | Report Abuse

wat happened ? any news ?

Posted by boon1515 > 2017-05-31 17:56 | Report Abuse

how u know again JJchan lololol

Posted by cocqueen > 2017-05-31 19:11 | Report Abuse

ann tmorrow !

Posted by TheContrarian > 2017-05-31 19:48 | Report Abuse

The news is : RHB and AmBank have requested suspension, probably merger announcement. OSK owns about 10% of RHB.

Posted by yuanlong57 > 2017-05-31 20:18 | Report Abuse

TheContrarian, great gift of news today. No wonder I saw a sudden surge of volume about 751,700 @ 1.66 about 4.40 p.m. I was monitoring my portfolio intensely at my trading dashboard since 4.00 p.m.
Merger announcement confirmed by Bursa.

Remember the old times forum members flashed out the Disruptor at MAA with negative comments. Remember how the Disruptor suddenly deleted his account and all traces when exposed?

Posted by cocqueen > 2017-05-31 20:46 | Report Abuse

tmorrow hentam kaw kaw...still very cheap...especially the warrant...

Posted by cocqueen > 2017-05-31 20:47 | Report Abuse

unless limit up...

Posted by TheContrarian > 2017-05-31 20:47 | Report Abuse

That disruptor not seen anymore.

Posted by TheContrarian > 2017-05-31 20:49 | Report Abuse

I'm disappointed with MAA consolidating for so long.

Posted by TheContrarian > 2017-05-31 20:52 | Report Abuse

And yuanlong, I'm now mostly in Insas forum.

Posted by yuanlong57 > 2017-05-31 21:02 | Report Abuse

MAA Directors are having comfortable life without much work but good pay.
They seem to be dragging their feet on Bursa compliance issue.

Posted by TheContrarian > 2017-05-31 21:05 | Report Abuse

Shall we chat in MAA forum?

Posted by yuanlong57 > 2017-05-31 21:05 | Report Abuse

TheContrarian, I'm retiring about 18 months from now. Will be joining your club soon. Ha, ha. Anything brewing at Insas?

Posted by TheContrarian > 2017-05-31 21:15 | Report Abuse

Go to Insas forum and read the comments.

Posted by yuanlong57 > 2017-05-31 22:46 | Report Abuse

See you at MAA forum. More appropriate. Earlier comments spontaneous & incidental.

Posted by ling > 2017-05-31 23:23 | Report Abuse

I wonder why no analyst report on OSK as well as no target price available for this stock?

Posted by yuanlong57 > 2017-06-01 00:09 | Report Abuse

Current focus on small and midcaps, got budget from Securities Commission, Government, etc

Posted by yuanlong57 > 2017-06-01 02:43 | Report Abuse

I think OSK, holding substantial shares in RHB, is a strategic proxy to benefit from the proposed AmBank-RHB merger. Yesterday's close @ 1.66 is attractively appetizing!
Waiting to see what drama unfolds today when Bursa opens.

Posted by TheContrarian > 2017-06-01 07:10 | Report Abuse

There's a lot of stale bulls in OSK waiting to sell in a rally.

Posted by chkhooju > 2017-06-01 07:49 | Report Abuse

Hahaha! The Contrarian ,you are spot on.

Posted by Investors21 > 2017-06-01 09:05 | Report Abuse

OSK who own 10% of RHB is not suspended. It is the same as the time where CIMB, RHB, and MBSB merger. Let see what would happen on OSK share price. Would it replicate what it happen on 10 July 2014?

Posted by cocqueen > 2017-06-01 09:42 | Report Abuse

bought 1.64 goodluck

Posted by yuanlong57 > 2017-06-01 10:15 | Report Abuse

cocqueen, a 'queenie' strategy.

Posted by yuanlong57 > 2017-06-01 11:38 | Report Abuse

It's still CASH IS KING.

Posted by yuanlong57 > 2017-06-01 13:14 | Report Abuse

Whoa, so juicy deal.

Posted by TheContrarian > 2017-06-01 13:43 | Report Abuse

OSK will only shoot up if there's a cash exit option for RHB minorities.

Posted by cocqueen > 2017-06-01 14:21 | Report Abuse

no prob la...epf loaded...plenty of cash...

Posted by yuanlong57 > 2017-06-01 14:40 | Report Abuse

EPF plays a pivotal game changing role in this AmBank-RHB M & A as it has dual interests in both corporate entities as well as the leverage of an enormous reservoir of cash assets at its disposal. MONEY SPEAKS, LOUD AND CLEAR.

Posted by cocqueen > 2017-06-01 15:05 | Report Abuse

hahaha !! jjchan u r right!!....

Posted by yuanlong57 > 2017-06-01 15:24 | Report Abuse

From the STAR today
Thursday, 1 June 2017
RHB-AMMB to begin merger talks
BY GURMEET KAURandINTAN FARHANA ZAINUL

http://www.thestar.com.my/business/business-news/2017/06/01/rhbammb-to-begin-merger-talks/

Extract Highlights

# If the deal materialises, then the merged entity would end up becoming the country’s fourth-largest bank by asset size.

# RHB is likely to be the acquiring bank, making an offer to the shareholders of AMMB that may involve cash and shares.

# AMMB’s major owner is Australia and New Zealand Banking Group Ltd (ANZ) of Australia with a 23.78% stake, while its second-largest shareholder is founder Tan Sri Azman Hashim, who has an effective stake of 12.97%.

# RHB, meanwhile, is 41%-owned by the Employees Provident Fund (EPF).

# Both banks have a common shareholder in the EPF, with the pension fund also holding a 10.04% stake in AMMB, according to Bloomberg data.

# The other substantial shareholders of RHB are Aabar Investments PJS with a 17.75% stake and OSK Holdings Bhd with 10.13%.

Read more at http://www.thestar.com.my/business/business-news/2017/06/01/rhbammb-to-begin-merger-talks/#ZVhjkXwqq7guU00H.99

Posted by TheContrarian > 2017-06-01 15:53 | Report Abuse

How come so few participants in this forum?

Posted by yuanlong57 > 2017-06-01 16:29 | Report Abuse

People probably succumbed to indigestion as a result of too much consumption of dumplings.

Posted by yuanlong57 > 2017-06-01 16:31 | Report Abuse

Maybe some reserving their power for an onslaught on AmBank and RHB counters tomorrow.

Posted by boon1515 > 2017-06-01 17:07 | Report Abuse

RHB AMBANK confirm merger adi..http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=79984&name=EA_GA_ATTACHMENTS

Posted by yuanlong57 > 2017-06-01 17:31 | Report Abuse

Salient point:
The exclusivity agreement will expire on 30 August 2017. It is envisaged that the transaction will effectively be an all shares merger.

How does OSK significantly benefit from its 10.13% holdings of RHB shares? Food for thought.

Posted by yuanlong57 > 2017-06-01 17:31 | Report Abuse

Thanks boon1515 for update.

Posted by nich0las > 2017-06-01 17:40 | Report Abuse

Not yet Confirm la. is "Under" Confirmation kot.

兴业银行(RHBBANK，1066)与大马银行(AMBANK，1015)今日证实，将洽谈合并以打造国内第4大银行集团。
2家银行今午宣布，获得国家银行批准洽谈合并，随着国行亮绿灯后，双方今日随即签署了一项独家谈判合约，开始谈判合并的价格与其他条件，一旦谈成后便会呈交给国行寻求批准。
https://www.facebook.com/BusyWeekly/?hc_ref=NEWSFEED&fref=nf

Posted by cKhong > 2017-06-01 17:55 | Report Abuse

tomorrow see how
but totally believe will up

Posted by boon1515 > 2017-06-01 18:20 | Report Abuse

i mean, confirm suspend is about merging =D sorry for causing misunderstanding

Posted by yuanlong57 > 2017-06-01 20:25 | Report Abuse

JJchan, 1 FB LIKE to you. Amazed following your exciting corporate banking chronicles which have appeals like Hollywood and Bollywood. Ha, ha, ha.

Posted by yuanlong57 > 2017-06-01 20:40 | Report Abuse

On the AmBank-RHB saga, investors have sought views among remisiers'/analysts circles on the prospects of a successful merger talk. It is opined that the outcome of a successful merger is a remote possibility. It is because there aren't any distinct incentives or advantages for both.

Perhaps this excerpt from Reuters can help to shed some light.

In a research note ahead of the merger announcement, UOB Kay Hian analyst Keith Wee Teck Keong said RHB's shares are likely to react negatively to the announcement as the revenue synergies between the two groups are not compelling.

"We opine that such a merger would require a fair degree of cost rationalization given the degree of operational and revenue duplication between AMMB and RHB," he said.

Posted by ahdi > 2017-06-01 21:05 | Report Abuse

No doubt that the value of the Rhb shareholder will be increased if the deal is on. Indirectly the value of the Osk will be increased also.

Posted by yuanlong57 > 2017-06-01 22:04 | Report Abuse

Well, what are we waiting for? Get the tickets, buy the drinks and popcorn and get ready to enjoy a Made-in-Malaysia Bollywood Hindustani movie. Ha, ha, ha. JJchan, have you booked your tickets?

Posted by ahdi > 2017-06-02 08:47 | Report Abuse

for long term RM2.00 possible

Posted by yuanlong57 > 2017-06-02 08:50 | Report Abuse

RHB to buy AMMB’s assets and liabilities in all-share deal
Joyce Goh & Adeline Paul Raj

The Edge Financial Daily

June 02, 2017 07:38 am MYT
This article first appeared in The Edge Financial Daily, on June 2, 2017.

PETALING JAYA: RHB Bank Bhd and AMMB Holdings Bhd’s merger plan involves RHB buying all of the latter’s assets and liabilities in an all-share deal. RHB told analysts that it hoped to do the deal at one-time book value (BV).

RHB group managing director and chief executive officer (CEO) Datuk Khairussaleh Ramli, in an analyst briefing yesterday, said it would be issuing shares for AMMB’s assets and liabilities, and stressed that there would be no cash involved.

This throws up questions as to how AMMB’s largest shareholder Australia and New Zealand Banking Group Ltd (ANZ), which has been looking to sell its 23.78% stake, will exit. ANZ said last November that it planned to sell its stake over the next 12 to 18 month.

An industry observer noted that as much as ANZ would likely want a cash exit, it would be too costly for RHB. “Both banks are trading just under one-time book value now, so if a share deal happens at book value, ANZ and any other shareholder could exit at a later date,” the observer opined.

Khairussaleh told analysts that this was the right time for the two banks to go into a merger, particularly because both are trading at close to their BVs. “So, if we can do it at book, that will be great. We minimise goodwill to optimise the financial outcome,” he said.

An all-share deal would be less dilutive, according to a banking analyst who attended RHB’s briefing. “They expect to overcome dilution in two to three years,” he said.

In a report yesterday, DBS Group Research noted that in May last year, ANZ wrote down its investment in AMMB to 0.9 times BV, which fuelled speculation that ANZ might be willing to relinquish its stake for as low as one-time BV.

Sources said there is a strong possibility that the Employees Provident Fund (EPF), which is the common shareholder in both banks, will end up being the biggest shareholder of the merged entity. It currently has a 40.7% stake in RHB and 9.91% in AMMB.

RHB and AMMB, in separate stock exchange filings yesterday, said they had obtained Bank Negara Malaysia’s approval, which is valid until Nov 30, to start discussions for a possible merger of their “business and undertakings”.

This confirms a report in the The Edge Malaysia weekly’s March 20 issue that cited sources as saying that the two were exploring a merger and that there had been preliminary talks among some of their key shareholders.

The two banks have now entered into a three-month exclusivity agreement, which expires on Aug 30, to negotiate and finalise the pricing, structure, and other terms and conditions. They said there could be an automatic extension of the exclusivity period, if needed.

“It is envisioned that the transaction will effectively be an all-share merger,” they said in a joint press statement yesterday.

In the statement, Khairussaleh said: “We are confident that if the proposed merger takes place, it will create greater synergy for the enlarged banking group, benefiting our shareholders, customers, employees and all other stakeholders.”

He told analysts that the merger would make the group No 1 in asset management, general insurance and equities broking, and No 2 in Islamic banking. It would also make it the 9th largest bank by assets in Asean, creating a bigger platform for it to grow further at home and regionally.

In an email to staff yesterday, Khairussaleh stressed that it would be business as usual at RHB. “To be able to compete effectively in the banking industry, and provide the platform for future growth, we believe that having scale to our business is key. A merger will help accelerate this objective,” he said. Should the discussions lead to a merger, he assured the staff that the group would take the necessary steps to ensure a smooth integration of RHB’s business and operations with that of AMMB.

At a town hall meeting with senior staff, he said that if all went well, the parties hoped to get the deal completed within a year.

Meanwhile, AMMB, in its town hall with senior staff, said it would be good for the group to move up in the size rankings. RHB and AMMB combined would have total assets of RM365.88 billion, only slightly behind the third largest banking group Public Bank Bhd’s RM380.05 billion. AMMB, on its own, is the sixth largest.

“This new chapter that is opening in the AmBank Group’s history, comes at an opportune time for us as we have been moving closer to achieving our Top 4 goals. I am positive that the proposed merger with RHB will create a stronger business and financial presence. Our combined strength in key business segments, particularly in retail and investment banking, will bode well for us as we move forward to achieve our goal of becoming a formidable banking group,” its group CEO Datuk Sulaiman Mohd Tahir said ...

Posted by cocqueen > 2017-06-02 08:59 | Report Abuse

edge reported that rhb may acquire ammb at 1x NTA if true...this is damn blardy good for osk!!