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The market have been down for 10 days straight, OSK just drop 4 to 5 sen, mahsing, simeprop down 30% and many other sector like tech, construction stk, most gain wipe out
Osk expanding cable biz in Johor, buy land and asset from Universal Cable below book value. As Universal Cable under liquation sell 2 cable manufacturing plants including land and machinery in Johor to osk for 85m, substantially below book value 146m
Over the past 8 years, OSK has transformed itself from a financial services company to a property group although financial services still accounted for more than half of the net assets.
Because of this set-up, while OSK's main operation is property development, a big part of the profits still came from its investment in RHB. The Malaysian property market had been soft for many years, but there are signs of recovery. Hopefully we will then have both cylinders firing thereby boosting OSK performance.
Foreign funds pour money into big banks, mid cap and small cap get slaughtered. Try to buy inta, I bought at 0.365, 100k shares during black Monday, Inta client include mah sing, sime property, gamuda, ecowld, tropicana, highest profit margin(5.4%) construction company, got 1.8 billion contract enough to cover 3 yrs revenue
