Stronger second half forecast for OSK

Diversified income: A file photo of OSK Holdings’ headquarters in Kuala Lumpur. The company is seeing improving revenue from several of its business segments.

PETALING JAYA: OSK Holdings Bhd’s financial performance is set to improve in the second half of the year (2H23) helped by its growing capital-financing business.

Hong Leong Investment Bank (HLIB) Research noted the group’s financing business is gaining traction among civil servants in Malaysia and in Australia with both segments now accounting for 11% and 17%, respectively, of OSK’s total loan portfolio as of June 30.