Thanks for recommending this stock. Been laggard since the day i bought it. 2 months ago.

when exactly is my turn in the sell q !!! ARG !!!

You know just last week berjaya corp and market leader KIM ENG form a new company by selling 70% shares of Inter pacific securities? The price was around 1.4x NAV. While currently, OSK is trading at below 1.0x NAV. To compare, who has more value? Inter pacific or OSK?

This post has been edited by yok70: Dec 3 2010, 03:10 PM

Buy and throw into the freezer.lock up for 1,000 days ,see how.


Please don't be influenced by what I said.I am just doing my part.

This post has been edited by lklatmy: Dec 3 2010, 03:16 PM

hmm...i duno about that...hmm...

Not mistaken their main portfolio wwould be the FIGO brand? I would love to do business with them someday if possible.

suddenly so many sapu in OSK ???!!

My calculator says 2 Years & 7 Months !!

Monitoring closely. Thanks!

Maybank gonna make announcement tonight?

You better withdraw your sell queue.

See, told ya, cherroy golden quote is effective!

well..speechless..mine matched at 1.8 ... can close and concentrate on work better now... :S

OSK spillover to TA liao.


TA please move la uncle.. i want 90 sen..

too late...

A forumer told that it might give up to 23c div, not sure true or not

Watch SUNCITY closely. Volume is coming back.

I have both....so either of them move, I'm also happy. If both move, I'll be

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) last Friday clinched a deal to sell a 70% stake in its stockbroking arm, Inter-Pacific Securities Sdn Bhd, to Singapore-listed Kim Eng Holdings Ltd for RM142 million.

The RM142 million price tag comprises total net assets of RM100 million and goodwill of RM42 million.

BCorp, in a statement, announced that its subsidiary Inter-Pacific entered into an asset purchase agreement with Kim Eng to transfer the former’s entire stockbroking and related businesses to a special-purpose vehicle (SPV).

The RM142 million sale consideration will be settled in the form of a 30% equity stake in the SPV and a cash payment of RM42 million.

According to Kim Eng’s announcement to the Singapore Exchange, Inter-Pacific’s estimated net profit for the financial year ended April 30, 2010, was about RM14.4 million, while its estimated net asset value as at April 30, 2010, was about RM97 million.

Based on the estimated net asset value of RM97 million, Inter-Pacific is being valued at 1.46 times book, which analysts consider a rather good price for BCorp.

The deal came as a surprise as BCorp and Kim Eng had in end-August announced that discussions to form a partnership had been mutually terminated. The termination came barely two weeks after the duo had disclosed that they were in on-going talks for a strategic partnership, following a report in The Edge Financial Daily.

Nonetheless, this is a pleasant surprise to the local stockbroking industry.

The hefty RM42 million premium that BCorp is able to fetch will probably cheer the other stockbrokers, many of whom are trading below book value.

http://www.theedgemalaysia.com/in-the-fina...g-industry.html

This post has been edited by yok70: Dec 3 2010, 03:22 PM

That is a LIE!

You will end up staring at the monitor screen, watching at OSK until 5PM!

Haiyo...why let the fun end so fast? There is a stock running few days already, yet I'm still holding tight-tight. You....warm up done, already gone with the wind

thanks for sharing. i'll note it down