Stock Digest - OSK Holdings Bhd - Progressing Well

New launches in pipeline. OSK aims to rollout approximately RM1.33bn worth of gross development value (GDV) new launches in 2023 in Malaysia, subject to the market conditions. This comprises a healthy mixture from their existing 2 townships located at Sg. Petani, Kedah and Seremban, Negeri Sembilan as well as several highrise residential projects across Klang Valley and Penang. Elsewhere, Phase 2 of Melbourne Square comprising 614 units with c. AUD$600.0m in GDV is expected to launch in 2023.