OSK Holdings Berhad
|Publicly traded company|
|Traded as||MYX: 5053|
|Headquarters||Kuala Lumpur, Malaysia|
|Nik Mohamed Din Nik Yusoff, Chairman
Ong Leong Huat, Group Managing Director/Chief Executive Officer
|Revenue||RM636.4 million (3Q 2008)|
|RM119.3 million (3Q 2008)|
|Website||OSK Holdings Berhad website|
OSK Holdings Berhad (OSK) (MYX: 5053) is a public company listed on the Main Board of Bursa Malaysia Securities Berhad. Despite its public-listing status, it is 80.76% owned by individuals with the lion's share of it owned by its CEO Ong Leong Huat. After commencing business in 1963, the history of OSK has been characterised by four decades of positive growth with a reasonably sound track record despite several ownership changes. OSK has diversified away from its stockbroking business to include investment banking activities which is carried out under its investment bank subsidiary, OSK Investment Bank Berhad.
OSK offers stockbroking services, treasury products, corporate advisory, derivatives and structured products, offshore investment banking, asset management, trustee services, and Islamic banking services. It recently obtained a commercial banking licence in Cambodia and full-fledged operations should begin soon barring unforeseen circumstances. OSK has been acknowledged as a cost-competitive financial services and investment banking service provider in Malaysia.
Its future remains relatively bright despite the current global economic downturn. A strategy based on conservatism and cost-leadership has not helped distinguish it from its peers but should ensure at least medium-term survival as Malaysia continues to liberalize its financial market thereby unlocking pockets of growth and releasing benefits from low-hanging fruits.
OSK has over 50 offices across Malaysia and has a presence in the following countries:
- Hong Kong
In April 2008, Bank Negara approved OSK’s plan to set up a commercial bank in Cambodia to undertake commercial banking activities. OSK Indochina Bank Ltd had on October 10, 2008 commenced commercial banking operations in Phnom Penh. The bank offers the full range of retail and commercial banking products and services as well as foreign exchange and capital market expertise.
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