Oriental Holding Bhd - Buy
Oriental Holdings Berhad is engaged in investment holding, the provision of commission agency services and the provision of management services. The Company operates in six segments: automotive and related products, which includes retailing, assembly and distribution of motor vehicles; manufacture of engines, seats and other related parts, as well as traders of spare parts, accessories and related component parts; plastic products, which includes the manufacture, assembly and distribution of plastic component parts; manufacture of plastic technical and industrial goods and equipment; hotels and resorts; investment holding and financial services, which includes investment in shares and bonds, letting of properties and leasing companies; plantation, which includes cultivation of oil palm, and others, including property development. Oriental Holdings Berhad operates in Malaysia and Singapore. In September 2006, Boon Siew Sdn. Berhad had a 43% interest in the Company.
The current NTA per share stand for RM5.9 and it has RM2.4 per share cash in bank. At current share price of RM 4.40, the counter is very attractive.
