OSK (5053): Financials Summary, Key Results, Growth

My money printing machine stock have awaken, Hong Leong IB tp 2.16

2024-05-10 13:36

slow and steady..

2024-05-13 11:31

Nice149

1. NTA 2.97 Aas compared to current price of 1.61
2. Benefit from the civil servant salary increase. Similar to RCECap, OSK also provides loan to civil servant through salary deduction. Very low risk and no impairment
3. Scaling up its loan portfolio in Australia and have better net interest margin than Malaysia’s conventional financing.
4. Capital financing pre-tax profit’s compounded annual growth rate was at 25%
5. Anticipate strong earning from property development at advance stage of construction.
6. Have total 1,977acres of landbank remaining with total GDV of 15 billion
7. Total cable sales was 20,745km which is half of scgb
8. IBS revenue was up almost 50% in year 2023 and under capacity expansion through new machine upgrade to be completed in Q2-2024.
9. Phase 2 of Melbourne Square (MSQ) has received 50% take up rate as of April 2023
10. Expand cable segment to instal new fibre optic line and new machine. Expecting fully commissioning by end of 2024
11. Own 10.24% of RHB shares. Benefited from high dividend rate.

2024-05-13 21:39

The nice thing about accumulating dividend stocks when their prices are low is that they keep edging up and here, they moved up, and even though market is just up +0.14%, I have 22 green stocks, offsetting 11 red stocks, and thanks to these green stocks including OSK, my portfolio made new all time high again today. My average OSK entry price EXCLUDING dividends is 91 sen. Still holding on at 1.61. With dividends and some small profit taking in the past, my average cost price is 45 sen. As it keeps paying dividends, one day, I guess I will own the entire amount for free. And at that time, I look forward to a market crash and with the cash, buy again at low price. No need to do active trading, the cash dividends paid out does it for you and best of all, I haven't looked at OSK charts much this year or read about it, maybe once every quarter or so.

2024-05-13 21:55

Chart wise, definitely can't sell ... especially when average cost price is 45 sen. Definitely not chasing, but will keep holding and ignore price movement. Got to give the bull the chance to try to break 24 year high - last time was 2.19 at Feb 2000. Minority chance within 1 year but I like to hope there's a majority chance before this bull run is over.

2024-05-13 22:07

Ok, did a quick blog post on OSK to better share my thoughts. It may be low odds today, but after nearly 3 decades of ding dong, if it breaks above 2.19 its all time high over 3 decades, technicians will tell you that the breakout will be spectacular i.e. we could be looking at RM5 just using projection price methodology. Its NTA is 2.97, at the peak of a market bull run, it is not unusual for a stock like this to trade at its book value or a higher in a mania. All this payout is contingent on making a new high first and contingent on a bull run that will hit a peak. Minority odds. But my average cost is now only 45 sen, below COVID low, so, I'm very patient and in no rush and prefer to do nothing. Don't chase. Best of luck. Cheers!

2024-05-13 22:23

In case you're wondering what price I sold for partial profit taking and why, it was 16 Jan 24, at 1.49. I forgot now why I did that, most likely it was trying to take advantage of the 1.50 round number resistance, thinking it will hit and fall and I can pick it back up again on the cheap ... but I never could buy it back on the cheap ... and now, it went past 1.61 today.

This is what happens when we are not a trader ...

And it's so difficult even if you can watch because the market gyrations will consume you.

Much better, much easier to ignore and collect dividends and just focus on monthly charts over 2-3 decades to pick the peak of the bull market and stay focused on the market crashes and then just bet a significant chunk of your net worth to make a difference to your life. Otherwise, most of the time, ignore the noise up and down on small moves.

2024-05-13 22:31

Warren Buffet said that investing is best done if you imagine you can punch only 20 tickets over your investing lifetime. When do you punch that ticket?

The trouble with traders is that the theory sounds great on paper, but incredibly hard to practice. Whereas with only 20 tickets to punch over a lifetime, when do you punch?

I would open a 20-30 year chart and then make that decision. You can't go wrong doing what Mr Buffet recommends.

2024-05-13 22:34

MSCI Small Cap May 2024 Index Review

MSCI MALAYSIA INDEX
Additions
MAH SING
OSK

Deletions
ASTRO
MAGNUM
TSH

2024-05-15 06:18

https://theedgemalaysia.com/node/711848

This gem still underrated

2024-05-16 16:34

IanQ

love to see this gem past by RM 2....

2024-05-16 21:39

Nice149

2024-05-19 11:58

Will quietly climb up to RM2 under the radar..

2024-05-20 09:49

Other property stocks PE 15 to 20X, OSK PE just 7X, substantial upside ahead

2024-05-31 01:31

Osk n mahsing will be added to Msci Global Small Cap Index as of the close of May 31, 2024

2024-06-03 13:04

All these counters have big volume traded from 4.50 to 5pm

2024-06-03 13:05

Nice149

OSK will benefit from the data centre developments in Malaysia.
2 of the main pillars in OSK biz are cable and IBS.

2024-06-08 20:57

speakup

next u say toilet paper manufacturer also will benefit from data centre development in malaysia cos more ppl work at data centre. apa apa macam ada

2024-06-09 09:12

Hahaha ... apa apa macam ada in this business.

2024-06-09 17:27

Which institutional buyer? Epf? Epf have 2.5% stake in osk

2024-08-20 01:22

i think "one" stock broker House" is playing OskH----Ong LH has sold/transfer 33mil shares to them 2--3year
back----you can check in annual report

2024-08-24 12:09

OK thanks

2024-08-25 13:14

Dehcomic01

OSK – will we see a profit boost?

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.

For more insights go to page 20 of INVEST https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol221-Invest-23Aug.pdf

2024-08-27 14:25

Rhb 60% payout from profit osk only 30% payout of net profit, latest 4 quarters eps 23 sen X 30% = 7 sen p. a

2024-09-01 11:12

OSK receive mostly RHB dividend in shares

2024-09-01 11:18

Fire sale purchase price is always good

2024-09-09 11:35

Rhb have rise 15% from 5.50 to 6.30, while OSK unchanged which indicate OSK overwhelming undervalue

2024-09-14 12:17

Operator start goreng

2 months ago

1.70 is Highest since listing as OSKH, turn very bullish if breach 1.70 again

2 months ago

Most hot money went to hk and china, malaysia mkt screw up big time

2 months ago

speakup

Tell me something new?

2 months ago

Pre budget rally, property, construction (Inta), consumer

2 months ago

XinXin Chan

RHBBANK very bullish today!

2 months ago

Osk Cannot release results until RHB release First----40% Cash earnings come from RHB dividend

3 weeks ago

FAIRnREASONABLE

6.66 cents EPS is impressive. In future Qs, more growth in financial services and cable manufacturing, while other business sectors will also do well. Mah Sing with EPS of 2.35 is trading at 1.69 vs OSK at 1.60, certainly the market has not given fair valuation to OSK yet.

3 weeks ago

katara

superb QR

3 weeks ago

Noni

OLH Huat Huat Huat!

3 weeks ago

Congrats. Well done OSK

3 weeks ago

should declare special Dividend before 31Dec ( just reduce 4Q dividend )

2 weeks ago

FAIRnREASONABLE

Just announced land purchase and recent cable manufacturing plant purchase in Johor are very positive, and will generate more profits from property sector and manufacturing sector. Money lending business is certain to grow rapidly. RHB is stable.
8.00 cent quarterly EPS will be achieved soon. Even with PE of 7, the share price can move above RM2.00 in the near term.

2 weeks ago

FAIRnREASONABLE

Malacca Securities target price of 2.06 is reasonable and achievable.

2 weeks ago

Berlin

When you buy OSK, what do you get? A bunch of businesses including banking and financial services, property development, cable manufacturing, hospitality, that appears non-synergistic but has one thing in common. They are largely profitable, some better than others, some growing faster than others but all relatively well run. And OSK pays high and growing dividends from these profits. What's not to like about OSK?

1 week ago

Simonalibaba

Of the 1,023 companies listed on Bursa Malaysia, approximately 30–40 companies consistently generate a net profit of RM500 million or more annually. These companies are primarily concentrated in high-performing sectors like banking, plantations, telecommunications, and energy.

And Osk is one of the top 40 companies that can generate 500 million net profit but was rank 90 in market capitalization
So what does this tell you of the potential of price rerating upwards to 2 or higher

1 week ago

ITreeinvestor

OSK all business segments will be perform much better in 2025.

Property - Massive launch in recent years will bring to profit once their construction catch up which will be next year

Cable - benefit from data center and industrial areas, they are running at full capacity and on going to acquire Universal Cable at 85mil.

Hotel - Hot hotel demand accross entire malaysia.

Finance/Loan - Growing loan porfolio since they get the license to distribute loan to civil servant.

6 days ago

ITreeinvestor

It should be value at least PE15 instaed of current PE7. 100% upside potential in near term.

5 days ago

Berlin

The buying today is persistent but disciplined. Most probably some fund buying with year end approaching and OSK being in MSCI Global Small Cap Index is a pull factor. We may see more fund action in the days to come.

5 days ago