Yes, Theong....this is from the sale of MAAT last year. Point (c), in 2019, they will get cash of almost RM0.47 per share. At current price, MAA is cheap. Once announce purchase of new core biz, can easily make 50~100% return on current price.

Soon quarter result & div announcement....hope got good news! :)

They sign definitive agreement, after this need government approval (MITI, MOF, BNM) & shareholder approval. Not to worry, they will get it.

The automotive (Proton) turn-around will take sometime. You are probably looking at 2019 to see the results. This is a long term play.

For now, if they decide to list Muamalat, will fly.....go to AGM at month end and ask.

I can only wish I had that kind of influence....probably it was Theong buying today. :-)

Maybe their support level is lower....saw a large buy order at RM0.77 on Friday....could it be MAA???

Money finishing is a concern, hopefully the increase in holding in the Philippines unit can generate enough cash to be in a 'break-even' cash flow situation. And the others units, including the Sydney associate and rental income can contribute and make it a positive cash flow.

For now, I am not too concern, waiting for the purchase of a new core biz. I would have preferred if they have already make some kind of announcement on this. Really thought would have heard something by now.

I think the recent sell-down is due to the concern of the North Korean issue. Which has caused a sell off in the general market and could have triggered force selling on someone with a margin account.

Why no share buy back? Good question, hopefully, they need the cash to buy the new core business and not spent it or gave a loan to another connected company.

Have to wait for the next quarterly report for some sort of direction.

Heard Geely taking 2 Proton model (Persona & Iriz) to sell in China.

Hope my decision was right, if go down to 0.60 like Danny123 say, than difficult lo.

Selling pressure well absorbed. I used this opportunity to collect some more. Thank you sellers.

Congrats to all investors. Expecting this quarter results to be good, Minimum RM0.10 dividend coming in Dec. With that, I think can easily go beyond RM2.70 and even beyond RM3.00, just like the last time when they gave RM0.10 dividend in 2015.

Quarter 2 report probably going to show very good results.

July almost finished, Dividend 4 months time.

Nasaie24, I heard election 8.10.2017.

At yesterdays closing price, market capitalisation of DRB is RM3,247 million. To me this is very cheap.

DRB owns 53.5% of POS which has a market capitalisation of RM4,047 million. DRB share of this is RM2,165 million.

DRB owns 70% share in Bank Muamalat and Muamalat is about half the size of BIMB in terms of Branches. So can assume value Muamalat at 50% of BIMB.. BIMB has a market capitalisation of RM7,207million. As such, DRB Share of of Muamalat is about RM2,522million.

Lets assume the market is efficient. Just taking the value of POS and Muamalat, DRB should have a market capitalisation of RM4,687million. This does not include Puspakom, Deftech, HIcom, 34% of Honda, 50.1% of Proton, Proton land bank, 81% of Modenas, 97.37% of Alam Flora, Glenmarie Properties, 48.42% of Isuzu Malaysia, 48% Mitsubishi Malaysia and many other smaller companies.

Based on this, my target price for DRB is RM2.42 (based on DRB share of POS & Muamalat) and long term target price is RM3.47. I believe I am being very conservative.

Don't forget another RM93.75 million coming in 2019 from the 'retained consideration' from the sale of MAAT.

Yes, looking at the last quarterly report, going forward, with 70% of MAAGP profits can almost cover all operating expenses. Hope MAAGP can continue to grow so that MAA can be cash flow positive and fly once got new core business.

L0099, where you heard the news Geely no money to pay Proton?

I got worried when I read your comment, so I called a friend who is with Proton Vendor Association, he said payment from Proton coming in. Where they got the funds?

Called another friend at Proton HQ, he said tomorrow got media from China coming to do interview at Proton....if no money or money not in, why they allow?

Please let us know where you heard the news. Thank you.

Thanks for the link GerrardChong.....0.10 dividend coming in 5 months time.

That is exactly what I said on share buy-back. Go see my comment above on 8th of June.

Also, new director not only experience at CIMB bank. Per announcement:

Tunku Dato' Ahmad Burhanuddin was until recently the Group Managing Director and Chief Executive Officer of Themed Attractions Resorts & Hotels owners and managers of Legoland Resort Malaysia, The Datai Langkawi, Kidzania Kuala Lumpur and Singapore, and Puteri Habour in Iskandar Puteri.

They had a biz, MAA Takaful, due to BNM IFSA, the couldn't comply with the requirement and as such could not get out of PN17.

New Director, maybe experience in new core business they are getting into/buying??? Means soon out of PN17.

As for Share Buy-Back, I don't think you attended the AGM, was explained there. See my earlier comment.

Once expired, means no more value, worthless. Why want to buy and later convert when can but mother cheaper and with less hassle.

Warrant is dangerous, especially the about to expire warrant A, which to me is worthless. Even warrant B with 2+ years to go, don't see mother above 1.00 by that time. Unless something drastic happens.

DRB business is not only about cars.

Muamalat planning for listing. This will be very good for DRB. Plus land from Proton. Digital Free Trade Zone very good for POS. Mid to Long Term, DRB is a good investment.

Agreed. MAA has been and will continue to be a good investment.

Hi JamesOoi.....was wondering if you were still around.....I had noticed that too, in last 30 days, higher volume at 0.855~0.865. Hopefully, new core business will be identified soon.

A lot of selling at todays close. Complete reversal from yesterday.

When EPF sold, naysayers all come out and talk negative, say share going to go down, deal tak jadi etc. Now EPF buy, all quiet. Why not say buy, looks good because EPF buying, they know something etc. Hahaha

Go ask your friends who are working for Chinese MNC. You will be surprised how they work. It is going to be sooner rather later.

Ho

LOL.....never left......been waiting

Dividend coming.

Have to sell property to fund running of the company. Means cash-flow very bad. Big Boss and family running the company into the ground. What are independent directors doing?

EPF was buying at 1.76~1.78. Support is here. Till month end will have selling pressure due to warrants expiring. July will up.

Market had taken in account the Geely Proton partnership and DRB shares was trading in the range of RM1.75~1.80. Market didn't take into account the RM1.1 billion R&D reimbursement. This is worth about 0.57 per share. To me the short term TP should now be a minimum of 2.32~2.37.

Should actually be higher as now with definitive agreement signed, removes all uncertainty and any discount put on the valuation due to the uncertainty.

Long term, this counter can go back to it's glory days.

Wednesday we will know...in the mean time Selamat Hari Raya & Happy Holidays everyone.

KNM investing (betting) big in alternative/renewable energy. When crude prices fall, renewables no longer attractive, as more expensive, unless in Europe where there are subsidies/incentives. I don't know too much about the ethonol biz in Thailand and how is the demand. Maybe someone can share their knowledge. At this price, KNM looks attractive.

With the deal DRB will also be getting prime Batu 3 land, Glenmarie casting plant land and also Tg Malim/Proton City land. How much is this worth?

First sign heads of agreement, naysayers saying Geely will pull out, nothing concrete, deal is dead, etc., Now sign definitive agreement, say don't panic buy, news not important, why this, why that....never mind, you guy just sit and watch. At 1.80 I was still picking up, hoping on Wednesday will gap up. Among all the analyst target price, looks like Hong Leong got it right.

Govco gave the money bit by bit. I guess the last payment, which was pending announcement of FSP, has now been given. So fully issued.

Hahaha....guess I need to change my name on this forum....too obvious.

Someone whatsapp to me....going to show the new SUV tomorrow.....Must be after sign the definitive agreement than show the car....hopefully can launch this year, than 50.1% can earn profit too. Long term, this stock can go to RM3.00......with shah alam factory land bank, tg malim land bank, glenmarie land bank, all can monetize in the long term.

Wow!!! The Star report said signing the definitive agreement.....any Target Price?

It is a done deal-lah. No need to think, just buy on weakness, after you regret. G2G already talk, approval to transfer funds already pre-approved. Government won't open mouth unless done deal, otherwise no face.

Signing in July.

Applied for extension. Anyone know how long it will take to get approval?

Big sell volume at 1.80. Selling pressure might be high tomorrow. Anyway, wait till July to fly.

4+ months to go for dividends. Normally announce end of Oct and pay 2nd or 3rd week of Nov. This is a good company, always share profits with shareholders. Hoping with the sale of securities, will able able to give higher dividend this year.

If you think "There is no truth in stocks" than better stay away from the market all together.

Agree with Huat168, look for a stock with good future value. Than buy, do daily things, no stress about the market and after a while, got good returns.