Anyway, I think I will learn something from OSK's corporate exercise.
All 3 companies owned by Ong LH above are still trading at a relatively low PE ratio even though their share prices have gained handsomely this year.
|PATAMI (RM mil)||*55.5||#97.0||*195.6|
Last year Ong LH has attempted 2 take-overs of his companies which failed eventually.
- July13 - offered RM1.68 for OSK, share price at that time RM1.65, net asset per share RM2.58.
- Dec13 - offered RM0.58 for OSKVI, share price at that time RM0.52, net asset per share RM1.06.
Those offers were not good.
Anyway, I think OSK Holdings might be a good stock to hold in anticipation of new business injection.
* This article is just for sharing. Readers should not take it seriously :)