PETALING JAYA: Hong Leong Investment Bank Research (HLIB Research) remains positive about OSK Holdings Bhd
’s prospects, given the competitive strength of the group’s well diversified businesses.
This was despite OSK’s recent 6.1% decline quarter-on-quarter (q-o-q) in the third quarter of 2023 (3Q23) core earnings, primarily due to a drop in profit share from the RHB Group.
“The q-o-q decline had overshadowed the robust growth and strength of OSK’s business segments, notably from cables, integrated building systems and capital financing.
“The bright prospects of capital financing and cables are also reflected in the valuation and share price of OSK’s listed peers, namely RCE Capital Bhd and Southern Cable Group Bhd,” HLIB Research said in a note to clients.
...