ORIENT (4006) Overview - ORIENTAL HOLDINGS BHD

For those who are new in the market, buy this stock and keep. Very difficult to lose
your money. Fundamentally strong and rich in assets stock. Hope the restructuring of their shareholding structure will bring good news. Disclaimer is buy at your own risk

2 months ago

yangxi

2nd interim dividend soon? hehe

2 months ago

dompeilee

SOLD all my Orient down to ZERO today...dividend yield is going to be FAR less than '22...confident I will have another chance @ below $6 in the coming months with the economic recession coming...

2023-03-15 16:55

dompeilee

Thanks for the $3,600.49 in dividends & $1,688.28 in capital gains ...but NO THANKS for making me wait 8 years to recoup my investment!

2023-03-15 17:03

REVERSE INDICATORS SELLING FINISHED THE STOCK..
NO WONDER UP DRASTICALLY....

CONTINUE UP LOL:)

2 months ago

Confident below 6???
Adui!!! $10 mari lo

2 months ago

Fabien _the efficient capital allocator

Nta $12 selling 50% discount at $6.70...
....really plenty of black gold waiting for us to grab

2 months ago

Orient's RNAV easily RM15-18

2 months ago

Loh family reorganises its shareholding in Oriental Holdings

2 months ago

This article first appeared in The Edge Malaysia Weekly on April 1, 2024 - April 7, 2024

AN internal restructuring of the low-profile Oriental Holdings Bhd has paved the way for a clear structure on the ownership of the group that was founded by the late Tan Sri Loh Boon Siew.

Based on a slew of Bursa Malaysia announcements since late February, it appears that the Penang-based members of the Loh family have joined hands to put their shareholding under a new holding company called Pacific Carnival Sdn Bhd.

The new holding company replaces Boon Siew Sdn Bhd as the single-largest shareholder in Oriental Holdings.

The shares of the Loh family members who are based in Singapore and Kuala Lumpur, namely Datuk Loh Cheng Yean and Datin Loh Ean, are carved out and held separately under their respective names.

An analyst who is familiar with the group tells The Edge that the planned internal restructuring in its flagship company Oriental Holdings will see the Penang-based family members of the Loh family continuing to helm the group.

2 months ago

They have been running the show in the past, since Tan Sri Loh passed away. So, it is just a transition to the third generation. Notably, the heirs of Tan Sri’s two sons have inherited the bulk of the shareholding,” she says.

When Boon Siew Sdn Bhd was collectively managed by the various family members, it was unclear exactly who held major ownership of Oriental Holdings. The group held a 49.2% equity stake in it, and smaller stakes were held by several private entities.

The private entities through which the Loh family held their stake in Oriental Holdings included the Penang Yellow Bus Sdn Bhd, Bayview Hotel Sdn Bhd, Boontong Estates Sdn Bhd and Boon Siew Development Sdn Bhd.

Following the internal restructuring, Pacific Carnival emerged with a 36.74% shareholding in Oriental Holdings. The other companies ceased to be substantial shareholders.

Based on Bursa filings, the bulk of the shares in Pacific Carnival have been apportioned to the family of Loh Kar Bee (32.17%) and that of his late elder brother Kah Kheng (31.43%). Both are sons of Boon Siew, who made his fortunes from the distribution and assembling of cars and motorcycles under the Honda marque, and from the manufacturing of parts and components for the assembly plant.

The 31.43% bloc of Kah Kheng’s family is held by his daughter Loh Wei-Lyn, whose role in the family business is unclear. Kah Kheng was managing director of Oriental Holdings at the time of his demise in 1987.

2 months ago

Two blocks of 17.8% each in Pacific Carnival are held by companies belonging to Boon Siew’s daughters — Loh Gim Ean and Loh Phoy Yen, who is married to Datuk Seri Lim Su Tong. Gim Ean’s son, Datuk Seri Tan Hui Jing, and Lim are executive directors in Oriental Holdings.

Shirley Kathreyn Yap, who is Wei-Lyn’s mother and Kah Kheng’s widow, holds a 0.81% stake in Pacific Carnival.

The shareholding restructuring effectively shows that Boon Siew’s daughters, Loh Cheng Yean and Loh Ean, each hold an equity stake of 6.8% in Oriental Holdings. Their families are based in Singapore and Kuala Lumpur respectively.

After Boon Siew passed away in 1995, Cheng Yean, together with her brothers-in-law — Datuk Robert Wong and Lim — took over the driver’s seat at Oriental Holdings.

In 2015, Oriental Holdings executive chairman Datuk Loh Kian Chong, 47, who is Kar Bee’s son, took over as executive chairman of Oriental Holdings and led the third generation of the Loh family into managing the business. Kian Chong’s cousins, Tan Kheng Hwee, 58, and Tan Hui Jing, 43, have been executive directors since January 2015.

Kheng Hwee is the daughter of Cheng Yean; and Hui Jing is the son of Gim Ean.

The third generation was guided by Robert Wong Lum Kong, 83, and Lim, 79, who are group managing directors of Oriental Holdings

2 months ago

For rich family with landed and plantation properties, just let the Co auto pilot for a decades also can continues growing their wealth

2 months ago

iscmob

https://theedgemalaysia.com/node/706520

"Not on investors’ radar
Oriental Holdings is a solid company with substantial cash and strong tangible assets, some of which are undervalued, the analyst adds. “It not on the radar of investors because its shareholding structure leaves very little liquidity in the group.”

It is noteworthy that the Employees Provident Fund has been paring down its stake in Oriental Holdings since as early as December 2019, when it had a 9.9% stake. As at March 15, its stake had contracted to 5.8%.

In the past five years, Oriental Holdings paid out annual dividends per share ranging between 20 sen and 44 sen.

Its share price, which hit a year-to-date peak of RM6.47 on Feb 28, closed at RM6.34 on March 29, giving the company a market capitalisation of RM3.93 billion. Perhaps with a restructured shareholding, the third generation will be more aggressive in unlocking value within the group."

2 months ago

iscmob

https://theedgemalaysia.com/node/705759

"While the shareholding structure is clear, what remains to be seen is whether the third generation will unlock value in Oriental. The company has a healthy pile of cash, generates healthy cash flow and has land to develop.

Still, unlocking the value of the assets is taking a long time."

2 months ago

share price moves ahead of unlocking value of assets held

2 months ago

Reverse indicator old dompeilee is working very well in bursa after she ran road to Japanese

2 months ago

Vow!
Touch 7.20

2 months ago

Nta=$12. 2

2 months ago

Slowly up..
We got a lot time to up from $7.2 to $12.2

2 months ago

This one better than KSL , strong NTA to catch up and giving 5.6% dividend yield for immediate purchase!

2 months ago

stockraider

Stop speculating & start investing loh!
Oriental is another very good quality performance counter u should buy mah!
And it pays good div too loh!

2 months ago

Bullkobear

invest this counter is equivalent to buy a piece of land

2 months ago

stockraider

Land investment do not pay div yield of 5% to 7% pa div but Oriental pays mah!

2 months ago

Dividend receive can be enjoyed right now while capital gain by holding it can pass it to next generation. Best fit for estate planning

2 months ago

Hidden gem
Strong NTA
High dividend!

Stay patiently here for third generation to unlock its balu!

2 months ago

Value....typo error

2 months ago

End of month announced dividend
Normally 20 cents
Hopefully this round give 50 cents like Harison!

2 months ago

KingKKK

Why Q4 2023 EPS negative 9.69 sen?

2 months ago

geary

ORIENT...Should be around...@8.20...If Mr. Market is rational...added/hold...🤓
50/200SMA. Hold!

2 months ago

hw0706

if no selling of asset than forget it

2 months ago

wallstreetrookieNEW

Orient is still trading at a huge discount to its fair value of RM8.00+

1 month ago

wallstreetrookieNEW

Palm oil bull run to suggest further upside for Orient Holdings

1 month ago

Golf123

Stay for long term

1 month ago

20 cents coming...
Hopefully later they give bonus issues!

1 month ago

Bought back some Orient for $6.79 to claim the next dividend after missing out on the previous 2 subsequent to selling my last shares on 15/3/23. A far cry from my original 1st long position @ $8.14 in Jan '14!

1 month ago

Golf123

1st result good 50 cents.
Buy n keep

3 weeks ago

Kitty Kitty

Never disappoints. Just hold for dividen which beats EPF rate while the appreciation continues

3 weeks ago

A fairly accurate re-entry by me...missing the lowest by about 3 days. Even more accurate is last week's purchase of Tokyo-listed Shinto (新東) @ ¥1,531. It TOPS the 3,938 other listed companies in Japan by % Gain today(30 May), rising by its limit UP of ¥400 to close @ ¥1,988! In the post-market action, it's trading @ ¥2,098... Excitiiiing!!!🤑

3 weeks ago

bullvestor

Why lost money last quater?

3 weeks ago

As a conglomerate and major businesses overseas that includes hotels, automobile and plantation, there is always effect from foreign currency movements including restructuring effects of the group. Looks for management, cash flow and business prospects of the group. Also NTA/net cash holding as a safety margin in a prolong economic downturn that will affect many industry.

2 weeks ago

so, quarter to quarter assessment of the company may not be best judge of the company

2 weeks ago

bullvestor

2 weeks ago

L@@ks like even EPF (dVmb) continuous selling also can't stem the rising tide in Orient!

2 weeks ago

4ever5

This stock come to my attention after recent QR release. And i am wondering, why this company stock price is staying low even with high recurring income and huge pile of cash on hand. After reading Annual report from 2019 to 2023, i have come to a conclusion below.
1. The company revenue has shrunken. This is especially on automotive segment which used to be ORiental cash-cow business. Especially on Singapore market, revenue from 2.3billion(2019) dropped to 700mil(2023). Profit also fell from 292mil to 159mil. This is due to high competition from other car brands especially EVs. Numbers of Honda cars sold are dropping, shared in the annual report.
2. The revenue and profits in 2022 and 2023 is supported by plantation business thanks to CPO price surge high and as long as CPO price above $3500.
3. The past few years profits was good because of disposal hotel in Australia. in 2022, disposal gain 200m and recent Q1Y24, another disposal gain of 200m.

I do not own this stock, just did my due diligence study before investing in this stock as this stock really attract dividend investor like myself.
Since this company has huge pile of cash, I hope the board of director will make new move to expand their business.

Please share with me if my interpretation is wrong. I am still very keen to invest in this company if there is good points that i missed out.

1 week ago

Investing in this company, with strong asset backing, diversified business locally and regionally with net cash of more than 2 billion is very hard to go wrong. Sometime you unlock value of assets and realise a subtantial profit is not a bad move especially if is a old hotel that has low occupancy and reguires substantial cost for refurbishment. After a restructuring of the major shareholding in the company, I suspect things will be much better going forward. Also their dividend policy now is much much better than prior years,

1 week ago