OSK (5053) - Stock Market Buzz

oh 10% ah? even better :-)

2023-01-29 12:06

IanQ

slowly going up... 1.02 now

2023-01-30 13:21

just a matter of time, back to 1.50 high

2023-01-30 14:38

FAIRnREASONABLE

OSK used to issue bonus shares at about 5-year intervals. More recent issues in 2010, 2015, 2017 (special issue associated with PJD & OSKP take-overs). It has been 6 years since 2017 without bonus issue, likely due to COVID disruption. Let's see whether there is a pleasant surprise this year.

2023-02-04 13:16

IanQ

4 cents dividend... very consistent... too consistent...

2023-02-25 00:30

OskH's NTA 3Q22 reached 2.70.......Easily arrived at 3.00 in 4Q23.
Said in 2000 when UMNO is supreme. Politician can arm-twist OLH to sell Osk at 1.00 and then Break-up Oskh
to fully value RHB portion.

2023-02-25 19:02

Of course we dont have this type of Political power Except if Najib returns

2023-02-25 19:02

Income

Pleasant surprise?
https://youtube.com/shorts/ZbrIoXDKLSg?feature=share

2023-02-25 19:03

https://themalaysianreserve.com/2023/02/27/osks-4q-net-profit-climbs-23-declares-four-sen-dividend/

2023-02-28 07:43

https://www.thesundaily.my/business/osk-holdings-registers-record-revenue-profit-before-tax-JP10689110
Record revenue! Record Profit! But share price not at record high? Ironic isn't it.?

2023-02-28 07:52

gamestop

The only way the stock will up when all small shareholders sell at >100 sen or less to me...i'll then sell at 150 sen to OLH and then OLH delisted at 170 sen and breakup all the RHB to his own pocket then relisted againt of the OSKP at 300 sen

2 months ago

Either IB donT give face to OLH or OLH has NO face to face PJD shareholders, OSKH is now valued at RM 1.00
by the Market. But Intrinsic Value is RM3.00+++

2 months ago

Berlin

OLH will always have the last laugh because with over 1 billion OSK shares in hand and a regular dividend payout of 4-6 sen, he gets annual cash income of RM40-60 million. Unless of course he gets to monetize the 421 million shares (10% stake) in RHB for a big payday, the minor movements in OSK share price is just a distraction.

2 months ago

OLH borrow 1 billion from RHB to Buy OskH shares. @ 4% interest is 40million

1 month ago

Now u know why OSK is the property sector top dividend company

1 month ago

OSK is a very interesting company. It is true that it owns 10.22% of RHBBANK. As a result, last year, it received ~ RM169 million in dividends from RHBBANK.

But it only paid out RM127 million to its shareholders. Question is where is the remaining RM42 million? It runs a business that is supposed to be dividend addition, i.e. the rest of its business, by right, should add to the total of RM169 million dividends received from RHBBANK. Instead, its management is unable to generate more cash to add to the dividends, and only able to pay RM127 million.

Hence, market doesn't value the rest of its business. Probably because of poor management. Good management will create cash to add to the 169 million to pay its shareholders higehr than 169 million in dividends.

2 weeks ago

If you like RHBBANK, go buy RHBBANK. Don't buy via OSK, because its management does somethiing wierd that ends up giving less dividends.

2 weeks ago

I also don't think OSK will dispose its stake in RHB. Noted in 2016 Annual Report, that it owned 10.1% of RHB back then - that's like 7 years ago. Today still 10.22%, so, not much has changed, they kept it for at least 7+ years. They could have disposed and capitalize anytime in between. Furthermore, I think I read somewhere that they have Board representation and significant influence on RHB Bank future strategic directions. Doubt they will let go of that, given the likely large business inter-relationships.

My gut feel is the quality of management is poor and likely attributable to its long standing management culture. It is crazy that the stock NTA is like 2.75, but trades at only 0.96, a difference of RM1.75 or RM3.5 billion. This is taking all asset values, netting of all of its liabilities including netting off all of its 3 billion loans, to leave behind 5.75 billlion of Net Assets, and Market is only valuing this at 2 billion, ignoring the remaining 3.75 billion. Something like this.

Probably market is putting a huge discount, because of what I described above - collect 169 million from RHB BANK, but can only pay RM127 million to its shareholders. What laa ....

2 weeks ago

To me, dividend is king. It's property businesses everywhere in Malaysia and Australia - I mean, if all that other business cannot add to the dividend it gets from RHB, what's the point of running all those other businesses? So, whether it is top dividend property company makes no financial sense to me, when the business didn't generate the dividend but its ownership of RHBBANK shares. Wierd ...

2 weeks ago

https://www.nst.com.my/property/2023/02/884022/osk-has-returned-pre-pandemic-levels-new-peak-2016. When saw this kind of "marketing, self-promotional" news a while ago, initial thoughts are - "great, so, new peak profits since 2016 ... so, where's the dividend to shareowners?"; Why can't they pass through what they collect from RHB in its entirety? If they did this, for sure the stock price will shoot up.

Management don't have to work too hard to increase stock price here ... it's no brainer. Just pass through 100% what they get from RHBBANK and bang! Price goes up.

2 weeks ago

OSK need to have a clearer dividend policy that says “I will at least pass through 100% of what RHB gives”. Then it sends a message that OSK does not have a “negative dividend policy”. Market doesn’t like negative dividend policies.

2 weeks ago

EVEBITDA

i agree with the comments above but RHB pays out DV with DRP. so it can be a challenge cor OSK to commit the same DV to OSK holders and maintain their stake in RHB

2 weeks ago

stockraider

U see OSK receive div in the form of drp discounted RHB share loh!
And Osk is not selling....Rhb shares bcos Ong see....Rhb worth much more mah!

2 weeks ago

firehawk

sorry to say, it is not likely OLH will adopt any dividend policy

2 weeks ago

stockraider

What is the use of div policy if it is low leh ???

U just look at Osk dividend paid every year.....very high loh.....and for how long leh ?? over many years maintained this high div loh!

Thus u can conclude good div going fwd for osk loh!

This approach much better than div policy loh!

2 weeks ago

OSK got dividend policy or not doesn't matter. Bottom line is OSK is the Highest Dividend among property companies 💪

2 weeks ago

Doesn't matter DRP or cash - collect RM169m and pay out RM127m means the rest of the business is not adding to dividends but serves as distractions. Deserves low valuation.

2 weeks ago