RHB is Fully Value at RM6...........OSK is Value today at 1.15 which account for just RHB portion, another 50% is Free....Technically, OSK is value at RM3.50 or more. So upside is more than 100% compare to fully valued RHB share----Which share has higher potential for Cap. gain, ---you think?
From 1 to 2 and now 3 sen interim div. Great. For those property counters with capitalization higher than OSK, only IOIPG has a quarterly profit > 100 million. OSK is still the best in terms of various performance ratios.
This stock is certainly under-valued from P/BV and from P/E, but the dividend that it receives from RHB is still larger than the dividends that it pays out to shareholders. If it maintains final year dividend at 4 sen/share, this brings total dividend to 7 sen/share giving a dividend yield of 5.6% at current price of 1.25. Not bad.
The tide is change too. The past 3.5 years, dividend year has been steadily rising: 2020: 4 sen 2021: 5 sen 2022: 6 sen TTM 2023: 7 sen. This is a nice trend, which is why price seems to react favorably.
My average cost is 91 sen. The stock is trading at 1.25 sen and looks like it wants to go up. However, for me, this is a trading stock, not a dividend keeper i.e. I plan to take profits on price strength.
Eventually, wait long enough, I will sell everything and eventually ... wait long enough, price will fall back down again and I will be buying back again ...
I personally won't chase at RM1.25. However, worth noting that 2 years ago, when its dividends was 6 sen and the stock was trading at 90 sen, that is a super 6.7% dividend yield stock! It's a screaming buy. At RM1.25, still not bad - 7 sen / 125 sen = 5.6% but less compelling to me, but maybe still very attractive to many dividend holders. I prefer to take more risks and buy a good dividend payor at very low prices, if I see them.
CIMB started RHP Cap & MBSB merger Talks is fuelling current rally ( not OSK earnings getting Better ) Question is-- will OLH sell RHB stakes to " New Co " if Deal is confirmed GO. After all many merger Talks had Failed, OLH must be eager to unload RHB----Setting up Yellow Stone Foundation to take up RHB stake is one way to circumvent 5% limitation of individual holding Banking Shares
BNM is holding rate at 3% for 2024----The way I see it Fed USA is going Long term on "Lower for longer" on Rate-----USA has 33 Trillion Debt ( Service interest--- 0.5 Trillion every Year ) 15years Old Math ( 1% more more, how much ?? ) China is running away from US Treasury speak Volume---Just Hitting Recession in One year can Double US borrowing Vol ( bcos Taxes cannot meet interest payment )
Kuala Lumpur, 30 November 2023 – FTSE Russell and Bursa Malaysia Berhad (“Bursa Malaysia”) today announced two constituent changes to the FTSE Bursa Malaysia KLCI, following the semi-annual review of the FTSE Bursa Malaysia Index Series. The index series is reviewed semi-annually in accordance with the index ground rules. The FTSE Bursa Malaysia KLCI, which is part of the FTSE Bursa Malaysia Index Series, is widely used by investors as the primary benchmark for the Malaysian capital market, including the derivatives market, through the FTSE Bursa Malaysia KLCI Futures (“FKLI”) and the FTSE Bursa Malaysia KLCI Options (“OKLI”) products. The benchmark index is also tracked by several index-linked financial products, such as exchange-traded funds. Changes to the FTSE Bursa Malaysia Index Series semi-annual review for December 2023 are as follows: 1. FTSE Bursa Malaysia KLCI No. Inclusions Exclusions 1 YTL Corp Dialog Group 2 YTL Power International Westports Holdings 2. FTSE Bursa Malaysia Mid 70 Index No. Inclusions Exclusions 1 Bank Islam Malaysia Berjaya Food 2 Dialog Group Duopharma Biotech 3 DXN Holdings Hengyuan Refining Company 4 Malayan Cement Hextar Technologies Solutions 5 OSK Holdings Hong Leong Capital 6 Sunway PMB Technology 7 UMW Holdings SAM Engineering & Equipment Malaysia 8 WCE Holdings SKP Resources 9 Westports Holdings YTL Corp
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....