The Investment theme for OSK Holdings Berhad
OSK Properties Development is The Highest Growth in Profit After Tax over 3 years Under the Property Sector for Companies with Market Capitalisation Below RM 3 billion.
As at 30 June 2019, the Group has unbilled sales of RM1.62 billion. Currently has land bank of 1,722 acres with an estimated GDV of RM 10.60 billion.
Existing on-going projects amounting to RM1.68 billion. Will launch 2 new projects with a combined GDV of RM271.57 million in second half of year 2019.
Among the project included of :
As at 30 June 2019, the Group has unbilled sales of RM1.62 billion. Currently has land bank of 1,722 acres with an estimated GDV of RM 10.60 billion.
Existing on-going projects amounting to RM1.68 billion. Will launch 2 new projects with a combined GDV of RM271.57 million in second half of year 2019.
Among the project included of :
- Partnership with EPF to develop Melbourne project with GDV of RM9.4bil.
- OSK Property Holdings Bhd is developing Ryan & Miho, with a GDV of RM595 million, on the Redevelopment opportunities in PJ Section 13.
- In 2019 launched the last phase of its You City development in Cheras 9th mile, with a gross development value of RM 488 mil, You City III.
Award Winning Properties Developer
OSK Holdings once again took home The Edge Billion Ringgit Club & Corporate Awards 2018 for the Highest Growth in Profit After Tax over three years under the Property Sector for companies with market capitalisation below RM3 billion.
- OSK Property was awarded the Top 10 Developers Award at the Property Insight Prestigious Developer Awards 2018.
- OSK Holdings improved its ranking to number 14 at The Edge Malaysia’s Top Property Developers
- Awards 2018.
- OSK Property scored 80.28% in the Quality Assessment System for Building Construction Works
- (QLASSIC) with its Emira Residences and Urban Retail project in Shah Alam in 2018
OSK Owned 10.13% of RHB as Second Largest Shareholder
RHB records first half 2019 net profit growth of 7.3% to RM 1.25 billion. Total income grew 3.9% Y-o-Y to RM 3,519.0 million. Pre-tax profit rose 6.4% Y-o-Y to RM 1,664.7 million. Islamic financing grew 22.2% from a year ago and contributes 36.0% of total domestic loans and financing. ROE at 10.4%. Declared an interim dividend of 12.5 sen per share, a 40.2% payout ratio.
RHB’s desire to sell up to all of its 94.7% stake in RHB Insurance and commence negotiations with Tokio Marine expected gain from the disposal. If RHB Insurance is sold at a price to book value of between 1.1 times and 1.9 times which would value it at between RM 631 mil and RM 1.1 bil.
It's also mean that 10.13% will be in OSK pocket. It's cash machine for OSK.
RHB records first half 2019 net profit growth of 7.3% to RM 1.25 billion. Total income grew 3.9% Y-o-Y to RM 3,519.0 million. Pre-tax profit rose 6.4% Y-o-Y to RM 1,664.7 million. Islamic financing grew 22.2% from a year ago and contributes 36.0% of total domestic loans and financing. ROE at 10.4%. Declared an interim dividend of 12.5 sen per share, a 40.2% payout ratio.
RHB’s desire to sell up to all of its 94.7% stake in RHB Insurance and commence negotiations with Tokio Marine expected gain from the disposal. If RHB Insurance is sold at a price to book value of between 1.1 times and 1.9 times which would value it at between RM 631 mil and RM 1.1 bil.
It's also mean that 10.13% will be in OSK pocket. It's cash machine for OSK.
One-time cash off opportunities
Employees Provident Fund (EPF) expand its property investment portfolio in Australia by entering into an agreement with OSK to subscribe to a 49% interest in Yarra Park City Pty Ltd (YPC) for A$154 mil (RM 516.8 mil) in 2017. The land was acquired by PJ Development for RM 439.3 mil in an off-market deal in 2014. RM 177.6 million gain on deemed disposal arising from the dilution of equity interest in a subsidiary company in Melbourne, Australia and realisation of foreign currency translation gains; and RM 53.1 million gain on fair valuation of investment properties in 2017.
In 2018, RM 93.5 million gains on disposals of Swiss-Garden Hotel Kuala Lumpur and Garden Lodge in Sydney, Australia.
Potential Faber Towers up for sale as part of plan to monetise some of its assets. If sold, the office-cum-retail asset may fetch as much as RM 250 million.
Listing opportunities of the division
Potential listing as REIT for rental properties:
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