External broker reports(aggregated public sources), Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad

External broker reports(aggregated public sources)

Hong Leong Investment Bank Berhad operates as an investment banking company. The Company provides debt and equity funding, private debt securities issuance, merger and acquisitions, initial public offerings, corporate restructuring, and stockbroking services. 

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Equity Bottom-Up

<ul><li>OSK’s 97.47%-owned subsidiary, Olympic Cable, is acquiring Universal Cable's assets, including two manufacturing facilities producing low, medium, and highvoltage cables for RM85m.</li><li>We view this acquisition positively given (i) the attractive acquisition price at 41.8% discount to book value, (ii) entry into the growing high voltage cable segment, (iii) enhanced cost efficiencies through economies of scale, and (iv) a faster time to market compared to building a new facility.</li><li>Additionally, this expansion is timely given the growing demand for cables driven by solar projects, data centres, and grid expansion initiatives. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OSK’s 97.47%-owned subsidiary, Olympic Cable, is acquiring Universal Cable's assets, including two manufacturing facilities producing low, medium, and highvoltage cables for RM85m.We view this acquisition positively given (i) the attractive acquisition price at 41.8% discount to book value, (ii) entry into the growing high voltage cable segment, (iii) enhanced cost efficiencies through economies of scale, and (iv) a faster time to market compared to building a new facility.Additionally, this expansion is timely given the growing demand for cables driven by solar projects, data centres, and grid expansion initiatives. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OSK Holdings - Acquisition to Double Cable Capacity

<ul><li>OSK reported 2Q24 core PATAMI of RM128.7m (+4.8% QoQ; -1.6% YoY), which brought 1H24’s sum to RM251.5m (+2.1% YoY).</li><li>The results were within our expectation, making up 50% of full-year forecast.</li><li>Property sales were slower in 1H24, but is expected to pick up in 2H24 following several big launches in Jun/Jul. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OSK reported 2Q24 core PATAMI of RM128.7m (+4.8% QoQ; -1.6% YoY), which brought 1H24’s sum to RM251.5m (+2.1% YoY).The results were within our expectation, making up 50% of full-year forecast.Property sales were slower in 1H24, but is expected to pick up in 2H24 following several big launches in Jun/Jul. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>We remain positive on the group’s prospects, particularly due to the strong growth in capital financing, which recorded a PBT of RM26.1m in 1Q24, up 13.6% QoQ and 41.8% YoY.</li><li>Growth prospects for the segment remain strong anchored by Australia and civil servant segment.</li><li>The property segment expects RM1.75bn in launches for FY24, which is a record high in recent years. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We remain positive on the group’s prospects, particularly due to the strong growth in capital financing, which recorded a PBT of RM26.1m in 1Q24, up 13.6% QoQ and 41.8% YoY.Growth prospects for the segment remain strong anchored by Australia and civil servant segment.The property segment expects RM1.75bn in launches for FY24, which is a record high in recent years. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OSK Holdings - An Emerging Force in Private Credit Market

<ul><li>OSK reported 1Q24 core PATAMI of RM122.8m (+26.7% QoQ; +6.4% YoY). The results were within our expectation, making up 26.4% of our full-year forecast.</li><li>The group is on track to record another year of solid growth anchored by property development from better progress billings and project cost savings, capital financing from higher loan portfolio and better economies of scale and industries from growing cables and IBS demand.</li><li>Its associate RHB is also expected to deliver stable performance given improving capital market from realization of investment activities. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OSK reported 1Q24 core PATAMI of RM122.8m (+26.7% QoQ; +6.4% YoY). The results were within our expectation, making up 26.4% of our full-year forecast.The group is on track to record another year of solid growth anchored by property development from better progress billings and project cost savings, capital financing from higher loan portfolio and better economies of scale and industries from growing cables and IBS demand.Its associate RHB is also expected to deliver stable performance given improving capital market from realization of investment activities. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>OSK’s FY23 results saw record-high revenue and strong earnings growth of +10.2% YoY, driven by robust performance in capital financing and industries.</li><li>Growth prospects remain promising for the group in FY24. For property development, the group is scaling up launches in Malaysia and actively looking for new landbanks.</li><li>Capital financing should see strong growth from its growing civil servant and Australia segments. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OSK’s FY23 results saw record-high revenue and strong earnings growth of +10.2% YoY, driven by robust performance in capital financing and industries.Growth prospects remain promising for the group in FY24. For property development, the group is scaling up launches in Malaysia and actively looking for new landbanks.Capital financing should see strong growth from its growing civil servant and Australia segments. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

OSK Holdings - Setting Sail for a Stronger FY24

Malaysia

OSK Holdings Berhad is an investment holding company. Through its subsidiaries, the Company provides retail and institutional broking in equities, futures and fixed income, underwriting and placement of securities, corporate finance and advisory, commercial and wholesale banking, asset management, trustee services and issues derivatives and structured products.

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O.S.K. Holdings (OSK MK)

OSK Holdings - Acquisition to Double Cable Capacity

OSK’s 97.47%-owned subsidiary, Olympic Cable, is acquiring Universal Cable's assets, including two manufacturing facilities producing low, medium,...

Hong Leong Investment Bank Berhad

OSK Holdings - Results Chalking Inline

OSK reported 2Q24 core PATAMI of RM128.7m (+4.8% QoQ; -1.6% YoY), which brought 1H24’s sum to RM251.5m (+2.1% YoY). The results were within our...

Hong Leong Investment Bank Berhad

OSK Holdings - An Emerging Force in Private Credit Market

We remain positive on the group’s prospects, particularly due to the strong growth in capital financing, which recorded a PBT of RM26.1m in 1Q24,...

Hong Leong Investment Bank Berhad

OSK Holdings - Solid Start for FY24

OSK reported 1Q24 core PATAMI of RM122.8m (+26.7% QoQ; +6.4% YoY). The results were within our expectation, making up 26.4% of our full-year forecast.

Hong Leong Investment Bank Berhad

OSK Holdings - Setting Sail for a Stronger FY24

OSK’s FY23 results saw record-high revenue and strong earnings growth of +10.2% YoY, driven by robust performance in capital financing and industries.

Hong Leong Investment Bank Berhad

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