OSK – a hold until deal complete with RHB Capital target RM 2.00

Even with a PE of 20 times now and NTAV of RM 1.57. Due to its RHB Cap corporate exercise. We still value OSK at RM 2.00 and continue recommending a hold or buy if dip below RM 1.40. Unless unforseen and it should have good return within 6 months time.