Our opinion on the current state of OASIS(OAS)

Oasis (OAS) is a property company that adheres to the principles of Islamic finance, managing a range of properties and offering financial services. The company also handles institutional investments and retirement portfolios for governments, parastatals, collective investment schemes, and private individuals. In addition to property management, Oasis operates through several wholly owned subsidiaries engaged in insurance, fund management, and property management.

In its financial results for the six months ending 30th September 2024, Oasis reported a 10.8% increase in income and a 13.8% rise in net asset value (NAV). The company also saw a 23.3% increase in headline earnings per unit (HEPU), reaching 111.1 cents per unit, compared to 90.1 cents per unit in the previous corresponding period. This improvement was attributed to adjustments on financial assets at fair value through profit or loss.

While the company's financial performance appears solid, there are concerns about the share's trading patterns. Despite substantial trading volume, the share price often remains stagnant for extended periods, which could indicate potential manipulation or unusual market activity. Investors should be cautious of these irregularities and closely monitor the stock’s liquidity and trading trends before making any investment decisions.