Kaka kaka looked pricey coming from mr avg up...I came late for Gob but already made more lol......dungu avg up till 92 cents from 60+ cent.....what do u call ppl like that?
Good write up Icon8888.Romance,not successful marriage...of course got to be long romance.I like the estimated PE of 4+. still far from 7th heaven.If Daughters wc @1.18 , Mother's should be better right? the whole aim of buying the daughter is to endear the Mother.Conversion @Rm1.00 ,by simple calculation the mother Share should be priced @2.18 n above, right? Bro brendon, ALL of US are Dunggus,we succumb to Fear n Greed at the wrong time.It's ONLY Human to do so. Ha ,ha.......We learn.
(OSKP MK) Technical BUY with +15.4% potential return Last price : RM2.08 Target Price : RM2.27, RM2.40 Support : RM1.95 Stop-loss: RM1.92 BUY with a target price of RM2.40 with stoploss below RM1.92. Following our earlier BUY call on 31 Mar 14 at the price of RM1.68, OSKP hit our initial target of RM2.03 on 1 Jul 14. Given the profit-taking activity thereafter, OSKP’s share price had established new support at RM1.95 before last Monday’s strong gain placed the share price back on its bullish course. The renewed buying interest as shown in the higher trading volume has, in our view, fuelled further upside. Additionally, a stronger momentum as flashed by a bullish crossover in both the MACD and Stochastic could, in our view, strengthen the upward trajectory over the near term. As the overall trend remains intact, we expect OSKP to climb along the trendline as we peg our upside target at the 1.61x Fibonacci extension target of RM2.40. Timeframe: 2 weeks to 3 months
This is my 2nd largest bet in my portfolio now...Very very certain it will huat before the end of the year..haha my highest tp would be RM3..esp if the family decided to privatize it..really huat la hahaha
I doubt that it will take until year end to reach RM3. I believe it will touch RM3 very soon! haha. All it needs is only good news in October. Bonus issue will be good to increase liquidity and affordability.
Haha seems that I am on a winning spree. Very very happy this week indeed. I have moved 70% of my OSK prop shares to the OSK prop WA instead and I strongly believe that the WA will huat more than the mother because of only a 3 cent premium. Wa is still too low compared to mother price. Plus because I also strongly believe that OSK family is going to privatize this company, the shares have another 20% to as much as 40% upside as of now. PLS PLS PLS BUY IT NOW. You will not regret it, TQ
Look at SMRT wa, another one of my bet, today went up 20% cause the wa was trading at a 6% discount compared to the mother shares, but today flew to almost 8-9% premium compared to mother liao. And now also OSK is so hot and OSK family is possibly selling PJ DEV to fund this privatization, there is no perfect time to buy OSK PROP now. DO NOT WAIT AND QUEUE, BUY AT MARKET PRICE TOMORROW. Grab it before its too late. That time you cry also no use liao. TQ
No TP since Oskprop is still a small cap property company (below RM1bil). Usually research house and investment bank only cover stock,which is over RM1b. So it is an opportunity to collect now before it breaches RM1bil soon. Yup agree with brendon, Oskprop should be worth around RM3.50. EPS for 1Q14' is already 10cent. If annualized and given PE10x it would be worth RMbe.00. 2Q, and 3Q might be slow a bit and allowing some discount, RM3.50 would be its value. By that time, oskprop will be valued at RM853mil, which may draw the interest of research houses to gv rating.
Btw, with the impending takeover of Rhb by Cimb might have to do with the privatization of Oskprop. Osk holdings Bhd, owns close to 10% of RHB following the selling of Osk invesmt bank to rhb, and the M&A with cimb is expected to be done at 1.5-1.7x book value. OSK will benefit tremendously since the value of their shareholding will increase in a bigger CIMB post M&A. Because of this, Ong family might want to have a tighter grip in OSK.
Making a direct offer to buy OSK would not be feasible unless Ong family want to pay a premium. Therefore it is easier for Ong family to swap their 75% direct share in OSKProp and Oskprop-wa for Osk shares. They have to swap at the highest Oskprop share for more shares in OSK. As a result, OSK hv to make MGO for the rest 25% in OSKprop at the same price. This would be a win-win situation for Ong family and minority shareholders
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ksng0307
1,038 posts
Posted by ksng0307 > 2014-07-02 15:47 | Report Abuse
The key word is "don't cry dad cry mum", haha, be patient