Pos Malaysia; Buy; RM2.90
Target Price: RM4.60; POSM MK
New shareholder, DRB-HICOM, brings entrepreneurial touch, synergy and growth to the group. Unlocking of landbank could bring massive value. Initiate coverage with BUY at RM4.60 TP; FY14F net yield at 4%.
Source: HwangDBS Research - 3 August 2012
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Created by kltrader | Dec 17, 2024
Agreed. In fact, my bet is on DRBHICOM rather than POS, because the price of DRBHICOM is currently below its Net Asset Value. Likewise, DRBHICOM with its recent acquisition of PROTON, has already been signaling much more plans coming its way to revive the automobile division in its group.
2012-08-09 19:36
KC Loh
Now those with POS stock should see this counter moving. Couldnt believe so many bought into the dividend the last time and waited and waited. Market had already factored the news then.
DRB-Hicom looks to be unlocking the value of POS now. They are an experience side and the unlocking of land proves it. They will keep their investment intact.
all the best to all POS holder!
2012-08-03 11:36