Actually the annual report in 2016 showed OSK 7.9% (page 292) and in 2017 showed OSK 10.13% (page 248) . This is due to the other major shareholders Aabar didn't subscribed RHB right issues due to BNM limits in end of 2015. Also not sure recently Aabar 3% stake sale will impacts further or not on the shareholders percentage.

The market capital of OSK currently about 1.85B, and by it 10% ownership of RHB with market cap of 21.37B itself of 2.137B alone already more than whole OSK market cap. With current NTA of 2.18 mean you get almost everything else free on top of discount value of RHB...not making sense not to own compare to RHB

OLH group owned of about 42% or more of the OSK WC warrant with excise price of 1.2 and maturity date of 22/7/2020. It means that in order for them to gain maximum value or free stock from OSK WC warrants, OSK stock price must be more than 1.2 before the maturity date.

OLH group owned about 52.27% shares, followed by 36.89% shares owned by 900 shareholders in which believed to be institutional or rich individuals and the rest of 10.84% owned by small shareholders with less that 100k unit shares. OLH group enjoy the full benefits as major shareholders as well as 10% control of RHB with sitting at the board control of RHB by himself and his family members. I think only the 10% of the small shareholders can not wait for the share price to fully gain the real value of OSK.

Although that the OSK allowed to buy back 10% of it owned shares but why the company didn’t excised that when low price momentum and good value for quite long period of time already ? I think it’s the same strategy that the substantial shareholders try to gain maximum ownership and get as low price momentum gains before market timing to double his profits or get free stocks like what happens to OSK properties and PJD

In OSK annual report, there are 5 substantial shareholders of OLH

OSK owned about 10% of RHB. With RHB doing well in the last few quarters, it’s expected will benefit OSK soon.

OSK valuation is multiples significantly below the stock’s historically norm. OSK’s trailing PE of 4.4 represents 36% discount of its 5 years average of 6.9. If the trailing PE returns to historically form, the stock would trade at 1.4 according to Thomson Reuters

OSK fundamental is in line with net margin of 37.1% has been higher than it’s industry average. The stock recent dividend yield is currently 6.2%.

Weakness of OSK is basically although that it’s category in real estate development sector, it’s more an investment holding company. As the properties market sentiment is weak at the moment, the stock price momentum trend negative as well. The company also didn’t spend any money in investor stock analysts and therefore no report available to attract much institutional investors.

Can't

If u want to buy as much until u can take over the company and replacing Vincent....if not better stay away

Not transparent in Corp governance
Conflict of interest in manage the company
Bad dividend policy
Business mismanagement

Why this bank undervalued?

bad reputation conglomerate

Berjaya is a cowardly company, kiashu and very lack in entrepreneurship therefore no real investment opportunities here

Look like reorganisation of AFG not a good news for investors, price keep dropping

Never invest in company in which the founder/board of directors only care about their own pocket; didn't care about the small shareholders. This is rubbish stock.

I wonder why no analyst report on OSK as well as no target price available for this stock?

Own this stock worst than money game

No point to own this stock, this company make money but will not share or distribute to shareholders, when this company sold some of their business and properties again the value will not share to shareholders as well, when this company need money again it will ask from shareholders but you will never able to get back the return

OLH is the fox of this stock, unless he is the major beneficiary of this stock, very little hope for small shareholders

This bank have leadership and management issues, the banking operations not very efficient and very slow and relax. Unless the opportunities for another bank merging and acquisitions, the stock value have little hope to progress

What will be the open value for RHB Bank stock?

When will RHB open for market?

how recent RHBCap capital distribution will impact OSK?

I still didn't see any good reasons to invest here at the moment... there are so much better choices out there, get away from this stock

Just ask, how many among invest in bjcorp making handsome money for last 5 years? And how many lose badly or you think? You have the answer

This Corporation have nothing much to share for the shareholders, only assets that locked in value long kept by big brother Vincent. Not worth to invest here.

What are RHBCap next steps?

Vincent Tan suffered a $400 million drop in wealth from 2014 to 2015, he is a loser...follow loser just prepare yourself to Holland

A lot of manipulation and speculation ...no real investment can be done here

Robin is hood

u will never able to win over Vincent, he plan to go private, sapu u all

Poor board and management a lot of excuses, better avoid this stock

How much return anyone get from Bjcorp for the last 5 years?

As investor why want to keep give your money to business man that never pay back to you

Bjcorp always at the wrong site of market, why want to invest in stock that always at losing site

anyone realize that this old fashion stock very unpopular, not sure Vincent himself realize that...just like he turned Cardiff club color from Blue to Red color get very unpopular now had to U-turn back to blue. His old trick no longer work and only hurt himself as major shareholder....he should think of win-win to all shareholders....the only way to get U-turn of the stock

Why can't Berjaya Corp reward their shareholders like any other good Corporation? Leadership image problems?

BJCorp continued to be deals maker, however every deal shareholders only see the figures that hardly can get...who's you think, make the most money from every deal?

Strange...still a lot of dreamer surrounding BjCorp, still a lot mentioned Vincent, but he is no longer the CEO or Chairman of the BJCorp since 2012???? Suppose the Corporation run by Robin now...don't you something wrong?

Since 2012, Robin took over Chairman/CEO of Berjaya, the stock dropped from >RM1 to current level. He didn't play well the role as Chairman to protect shareholders interests.

Robin Tan not seen to be very outstanding or remarkable successor of Berjaya groups, so far not very strong leadership or outspoken in the business arena. Don't know how he is able to drive future Berjaya?

If u r in this game, Vincent's don't like u to understand his next move. He don't like predictable, is his game not yours.

So many shareholders are still hoping and waiting from outside to see what medicine is Vincent Tan is trying to sell....but if he is not the main beneficiaries in any dealing none shareholders will get anything... no such things from history bjcorp is caring and sharing corporation....proof me wrong!

From last week trend, it's shown that the stock had been overbought and about to reverse to upward trend. Fundamentally it's still cheap, but the trust & respect to this stock is suspicious, many shareholders had bad experience. The board and management didn't hold principles and consistent with policy that can benefits general shareholders that can be trusted. No respects to shareholders.

It's a crocodile's stock, the board, the management hardly think about their shareholders interest, only think of theirs own gain...very selfish

I think the strength of OSK at the moment is only the value kept in RHBCap, which unable to distribute at the moment, as Ong need to maintain the % share even to fully benefit of dividend reinvestment into RHBcap so that his leading role at RHBCap Investment Banking will not be replaced. Therefore it's make sense for him to continue to increase his shares while it's undervalue. The weakness is the stock in short term will for sure no appreciation. I think he's also plan for transition planning to his son in business in this few year. The opportunities for OSK is restructuring the business most probably into properties development as well as reit, maybe again merging of oskprop & oskvi into the company. However this will need funding, maybe privatize and relisted, for short term again will not benefit the small shareholders

very silly proposal wasting of money and paper....hopefully greedy Ong don't do that in future...yam kong!