Wall Street KLCI
DRB-HICOM taking over KONSORTIUM?
Wall Street KLCI
Publish date: Fri, 25 Oct 2013, 10:25 AM
Wall Street KLCI
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THIS BLOG IS RELATED TO OBSERVATIONS REGARDING STOCKS TRADED IN MALAYSIA. DISCLAIMER: THE COMPANY ANALYSIS THAT APPEAR IN THIS BLOG IS MERELY FACTS GATHERED FROM DIFFERENT SOURCES AND THE AUTHOR'S PERSONAL VIEW. IT IS NOT A BUY OR SELL RECOMMENDATION. THE AUTHOR DO NOT GUARANTEE THE ACCURACY OF THE FACTS BEING PRESENTED. PLEASE CONSULT YOUR INVESTMENT ADVISORS BEFORE ACTING ON ANY INFORMATION PROVIDED BY THE ANALYSIS ABOVE.
1. Update. Both DRB-Hicom and Konsortium Logistik are suspended this morning for whole day on Friday 25-Oct-2013. Note that DRB-Hicom last price is RM2.46 and Konsortium is RM1.51.
2. Takeover soon? Looking at the coincidence that the two are suspended on the same day, it is possible that DRB-Hicom could be taking over Konsortium Logistik.
3. Related to Budget 2014? Surprisingly, today is also the budget day. Given that DRB-Hicom is somehow Government linked, we may see this deal is somehow related to Budget 2014. I could not find the reasons at this juncture, but it could be another petrol price increase.... But to sooth things out, bus ticket prices to be reduced? Anyway, this is still too preliminary, wait for the Budget to see what happen.
2. Takeover soon? Looking at the coincidence that the two are suspended on the same day, it is possible that DRB-Hicom could be taking over Konsortium Logistik.
3. Related to Budget 2014? Surprisingly, today is also the budget day. Given that DRB-Hicom is somehow Government linked, we may see this deal is somehow related to Budget 2014. I could not find the reasons at this juncture, but it could be another petrol price increase.... But to sooth things out, bus ticket prices to be reduced? Anyway, this is still too preliminary, wait for the Budget to see what happen.
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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....
ktsk88
Pity DRB-Hicom, a vehicle chosen to take-over failed projects. First projects is Proton and now the Konsortium Logistik. What is next................perhaps MISC?.
2013-10-25 13:54