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

-
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?

Comments

Post a Comment

Popular posts from this blog

5 Cards of OSK Holdings Berhad

-
Image
Regarding OSK Holdings Berhad, there are actually many shareholders who invest. In 2018, there are more than 24 thousand shareholders, 5 major shareholders hold 52%, 892 shareholders hold about 36.9%, and other 20 plus thousand shareholders hold about 11% of the shares. But if you want to invest in OSK, you find that you can't look at OSK with fundamental analysis or technical analysis. Therefore, many "experts" or senior investors are not willing to comment much on this stock, because the OSK's trend is completely unreasonable, it is difficult to say anything of prediction. Another thing is the OSK boss seems to be reluctant to spend a penny on analysts, so there have been no analysis reports for many years. So how do you see the OSK? It’s only the OSK boss who knows himself. If you are an OSK boss, how do you look at the OSK business? Then you have to look at the report. First, what are the cards in the OSK business? Everyone knows that OSK has five cards. The...
Read more

What Price Should OSK Holdings Worthy of?

-
Image
What price should OSK Holding Berhad worthy of? Because there are no guidance reports from any analysts, let do some simple mathematics calculation. Based on the market price of cause it's just RM 0.955 per share of market cap of about RM 2 billions with a price earning ratio PE of 5.13 and NTA of RM 2.3. It's seem to be a very simple mathematics right? But what if there are some third parties or capital investment companies today announce that they want to have full acquisition of the whole business of OSK Holdings Berhad and making it private.  Then, at what price should OSK Holding Berhad worthy of? um The third parties willingness to pay a full acquisition offer of premium offer price or more than 150% of the market price of RM 1.50 per share of about a capital purchased RM 3 billions cash to own the whole OSK businesses. Are you willing to accept the deal? Is the offer price reasonable or fair? How about whether the major shareholders willing to sell at this...
Read more

An Analysis of OSK and Peer Companies

-
Image
From peer comparison of OSK whether with Bursa market overall investment banks/brokers or property industry, OSK is far better in term on PE, Price/NAV and Dividend Yield.  Source: Form BursaMKTPLC Alphaindicator Thomson Reuters Report  Date: 13 September 2019 OSK also performed and score much better for the last six months as compare to Ecoworld, Mahsing or UEMS.   However the OSK market price and volume had been negative returns for the last 1 to 5 years of -4.1% and -35% respectively. Will that mean huge opportunities for OSK to make a positive return soon as the business growth recently??? Source: Form BursaMKTPLC Alphaindicator Thomson Reuters Report  Date: 13 September 2019 Source: Form BursaMKTPLC Alphaindicator Thomson Reuters Report  Date: 13 September 2019 From the indicators of price momentum, valuation, fundamental & risks, OSK had an average high score as compare to many pe...
Read more