Bursa Malaysia Stock Watch
'Strong DRB-HICOM Q3 results likely'
kltrader
Publish date: Thu, 17 Feb 2011, 09:46 PM
kltrader
0 20,411
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
DRB-HICOM Bhd is expected to announce a strong third quarter results next week, with strong performance in the motor division, says HwangDBS Vickers Research in its Malaysia Equity Research.
It has forecast RM539 million net profit on a turnover of RM6.513 billion for DRB-HICOM for the financial year ending March 31, 2011, but considered the forecast as conservative given that the conglomerate already posted RM290 million net profit for the first half.
It said the total industry volume for the automotive sector in 2010 grew 13 per cent to 605,156 units.
It said DRB-HICOM's motor division surged 3.5-fold to RM207 million in the first half.
DRB-HICOM is scheduled to release its third quarter results on Feb 24. - Bernama
It has forecast RM539 million net profit on a turnover of RM6.513 billion for DRB-HICOM for the financial year ending March 31, 2011, but considered the forecast as conservative given that the conglomerate already posted RM290 million net profit for the first half.
It said the total industry volume for the automotive sector in 2010 grew 13 per cent to 605,156 units.
It said DRB-HICOM's motor division surged 3.5-fold to RM207 million in the first half.
DRB-HICOM is scheduled to release its third quarter results on Feb 24. - Bernama
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
4
THE INVESTMENT APPROACH OF CALVIN TAN
5
TA Sector Research
6
Good Articles to Share
7
https://dividendguy67.blogspot.com
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
