HLIB Research said the acquisition offers risk diversification benefits by reducing reliance on a single segment in consumer financing.
PETALING JAYA: Hong Leong Investment Bank (HLIB) Research remains positive on OSK Holdings Bhd
’s prospects, underpinned by its fast-growing private credit and cables segments, which are driving earnings and diversifying the group’s income base beyond property.
OSK had announced the acquisition of Wilayah Credit, a motorcycle financing company, which currently has a loan portfolio of about RM40mil. Post-acquisition, OSK can unlock growth by leveraging on its stronger funding capacity.
