OSK Holdings Bhd (OSK) operations history dated back since 1963 as a smallscale local stockbroking company and has now evolved into a well diversified mini-conglomerate with 5 major business segments. Stable loan portfolio expansion and gradual property development launches will continue to anchor growth. We initiate coverage on OSK with a BUY call and fair value of RM1.41, based on sum-of-parts model by valuing its capital financing and property business with 0.8x of BV, while the construction, industries and hospitality segment are pegged at 9.0x PE to FY23f earnings contribution.
Open an Account with M+ Online and begin your investment journey today