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Expanding OSK Property's Footprint
OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), has been focusing on expanding its land bank and has lined up projects to the tune of RM1.7 billion in gross development value for 2024.
OSK Logs Lower Profit, Higher Revenue in Q4
OSK Holdings (KLSE:OSK) said profit attributable to owners slumped to 97.8 million ringgit in the fourth quarter of 2023, from 121.2 million ringgit a year earlier. Earnings per share slid to 0.0474 r
OSK's 4Q Net Profit Down 19.3% on Higher Taxes, Lower Share of Profits From Associates and JV
OSK Holdings Bhd's net profit for its fourth quarter of financial year 2023 fell 19.29% to RM97.8 million from RM121.17 million a year earlier, despite higher revenue, as its bottomline was crimped by higher tax expenses and cost of sales, and lower share of profits from its associates and a joint venture (JV).
HLIB Raises Target Price for OSK to RM2.04, Sees Recovery in Property Launches in 2024
Hong Leong Investment Bank Research (HLIB) has maintained its "buy" rating on OSK Holdings Bhd, with a higher target price of RM2.04 (from RM1.77) based on a 30% discount to a revised sum of part-derived valuation of RM2.91.
OSK Logs Higher Profit, Revenue in Q3
OSK Holdings (KLSE:OSK) said profit attributable to owners jumped to 123 million ringgit in the third quarter, from 112.9 million ringgit a year earlier. Earnings per share rose to 0.0597 ringgit from
OSK's 3Q Earnings up 9% Despite Lower Contributions From Property, Construction Segments
OSK Holdings Bhd's net profit grew 9% to RM123.03 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM112.85 million a year earlier, as earnings improved across its industrial manufacturing, hospitality, and financial services businesses.
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