Is OSK Holdings Bhd a Value Trap or a Hidden Gem? What’s next move for OSK?

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For the last five years OSK Holdings Berhad stock price had been significantly dropped in reverse of the accumulated value of NTA and business improvements. Also provide relatively decent dividend for the last 10 years but still the market undervalued the stock.


Stock price RM 0.945 versus NTA of RM 2.3

NTA (after adjustment*)
2013 - RM 1.79*
2014 - RMr 1.90* (RHB - 9.9%)
2015 - RM 1.97* (OSKP-PJD merger, Bonus issue 1:4, OSK WC issue, RHB - 10.1%)
2016 - RM 2.06*
2017 - RM 2.19 (Bonus issue 1:2)
2018 - RM 2.21
2019 Q1 - RM 2.27
2019 Q2 - RM 2.3

Dividend yields
2013 - 4.55%
2014 - 3.69%
2015 - 12.27%
2016 - 5.36 %
2017 - 5.61%
2018 - 5.18%
2019 YTD - 5.29%

  Any comments from any intelligence investors?

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