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hoseh . .. if that is truth

Poor result , yet declared 2sen dividend. Company seating with RM 220mil cash . What are they going to do?

^_^

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AMbank release good result + 20% YoY

Dato’ Sulaiman announced that, “The Board of Directors has proposed a final single-tier dividend of 12.6 sen per share

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KUALA LUMPUR (May 31): DRB-Hicom Bhd shares rose 3.90% this morning after the conglomerate announced a substantially lower net loss of RM328.45 million or 16.99 sen a share for the fourth financial quarter ended March 31, 2017 (4QFY17), 58% lower than the RM790.76 million or 40.9 sen a share it recorded in the previous corresponding quarter.

At 9.25am, DRB-Hicom rose 6 sen to RM1.60 with 4.56 million shares traded.

Its quarterly revenue jumped 32% to RM3.48 billion from RM2.63 billion a year earlier.

The group, which last week sealed a deal to sell a 49.9% stake in Proton Holdings Bhd, attributed the revenue growth to higher sales revenue by all business sectors of the group.

http://www.thestar.com.my/business/business-news/2017/05/31/cimb-research-sees-drb-hicom-narrowing-losses-after-proton-geely-jv/

KUALA LUMPUR: CIMB Equities Research expects DRB-Hicom to narrow its losses in FY18 due to lower loss recognised at Proton following the completion of the proposed joint-venture with Geely.

It said on Wednesday the core net loss of RM558m for the financial year ended March 31, 2017 was worse than its and consensus expectations due to wider-than-expected losses in the auto division.

However, core net loss in FY3/17 narrowed by 9.2% on-year due to stronger contribution from the services segment following the consolidation of Pos Malaysia.

“Moreover, we see stronger earnings contribution from the services division, driven by the logistics and aviation businesses on the back of growing e-commerce activities.

“Maintain Add with an unchanged RM2.25 sum-of-parts based target price,” it said.

CIMB Research said DRB-Hicom’s revenue in 4QFY3/17 surged 32% year-on-year due to stronger sales across all divisions – automotive (+11%), services (+81%) and property (+122%).

The group attributed the higher revenue to stronger sales at Proton and increase in concession and logistics revenue following the consolidation of Pos Malaysia.

It also posted higher associates profit of RM38.7m vs. RM8.7m loss a year ago, driven by higher sales from Honda.

“Overall, DRB-HICOM posted lower core net loss of RM238m vs. RM485m in 4QFY3/16,” it pointed out.

For FY17, revenue fell by 0.9% year-on-year due to lower sales from the automotive division, which fell by 14% year-on-year on the back of lower sales volume from Proton, which fell 23% year-on-year to 72,000 units.

Overall, DRB-HICOM reported a lower core net loss of RM558m vs. RM614m in FY3/16, after adjusting for gains on the disposal of the Corwin building in Singapore and losses from the re-measurement of Pos Malaysia.

“Stripping out Proton’s losses, we estimate that it posted a higher net profit of RM532m in FY17 vs. RM464m in FY16,” it said.

"Services division revenue rose 41% year-on-year in FY17 due to higher contribution from the logistics division following the consolidation of Pos Malaysia. DRB-Hicom now owns 53.5% of Pos Malaysia (vs. 32.2% previously.).

Services revenue accounted for 29% of group revenue in FY17 compared to 21% in FY16. Overall, services division pretax profit grew 43% year-on-year.

“We are positive on Proton’s partnership with Geely given that it will help to raise plant utilisation and offers Proton the opportunity to leverage Geely’s technology through platform sharing, technology transfer, etc. Proton will be given the rights to manufacture, sell, market and distribute Geely platforms under the Proton brand name in Malaysia and Asean.

“Overall, we believe the partnership will expedite Proton’s recovery to sustainable profitability. Both parties are expected to sign a definitive agreement in 3QCY17.

“We cut FY18F EPS forecast by 83% as we expect DRB-Hicom to remain in the red in FY18F due to ongoing losses at Proton. However, we expect lower losses recognised from Proton in view of the joint-venture with Geely which should be completed in 2HFY3/18F.

“We also expect stronger contribution from the services division, driven by Pos Malaysia’s logistics and aviation business riding on growing e-commerce activities.

“Maintain Add and RM2.25 SOP-based target price. Stronger earnings recovery at Proton and higher profit contribution from the services division are potential re-rating catalysts for the stock. Key downside risks to our call are delays in Proton-Geely JV and sluggish sales from Proton,” it said

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DRB (RM1.54) - Full yr FY17 loss worse than expected. Analyst is hopeful on entry of FSP to reverse its fate

DRB reported core loss of RM245.9m for 4QFY17 and RM525.4m for FY17.

Daniel said this was worse than his loss expectation of RM323.6m. Variance was due to worse than expected loss in automotive segment.

YoY: Core loss reduced by 12.2% yoy mainly on higher sales (automotive and property) and lower bank provisions.

QoQ: Core loss worsened due to lower sales of Deftech and weakened sales and margins from automotive.

Fill yr FY17: Core loss expanded to RM525.4m (from RM467.9m in FY16) due to lower automotive sales and contribution from associates/JVs.

Outlook: Daniel said with the emergence of Geely as Proton’s FSP, DRB would benefit considerably from cash proceeds and transfer of assets (from Proton) while leveraging on Geely for Proton’s turnaround.
The signing of Definitive agreement will be by July 2017.

Daniel keeping forecasts.
Core net EPS :
FY17 a : -27.2 sen
FY18 f : 1.2 sen
FY19 f : 15.4 sen

Daniel keeping Buy call with TP of RM2.58, based on lower discount of 20% to SOP of RM3.23.

2018 shall be more prospect for DRB after sold 49.9% Proton to China

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lower impairment in O&G , shall helps AMbank result today

FY3/17 core net loss of RM558m was worse than our and consensus expectations
due to wider-than-expected losses in the auto division.
■ However, core net loss in FY3/17 narrowed by 9.2% yoy due to stronger contribution
from the services segment following the consolidation of Pos Malaysia.
■ We expect narrowing losses for DRB in FY18F due to lower loss recognised at
Proton following the completion of the proposed joint-venture with Geely.
■ Moreover, we see stronger earnings contribution from the services division, driven by
the logistics and aviation businesses on the back of growing e-commerce activities.
■ Maintain Add with an unchanged RM2.25 SOP-based target price

CIMB research set a target price at RM2.25 with ADD call.

Result better than last year, same period

:-)

when bad market, every1 say more downside. . vice versa. . . .

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haha

let us c c

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Game over .. .support at 40sen? possible. ?

Can L&G support @ 23sen?

Result release this week. Shall be good.

Will Ambank fly ahead result release tomorrow? TP: RM 5.70

Result release on 31/5
Good luck guys . .

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LTH finally holding share less than 5%. . hoseh?

Good or bad?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5439141

DRB-HICOM wishes to inform that its subsidiary company, Motosikal Dan Enjin Nasional Sdn Bhd (“Modenas”), in the ordinary course of business entered into RRPT with Kawasaki Heavy Industries
Ltd (“KHI”) --> RM 76 mil

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Play on result. . ?

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This land worth RM2.0bil

the land occupied by Proton in Shah Alam, which totals 250 acres, will be transferred back to DRB-Hicom gradually for development purposes

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1) Govt to reimburse Proton RM1.1b as grant for R&D

2) Sell 49.9% Proton stake to China - how much?

3) Sell 51% Lotus shares to China - how much?

4) Govt to reimburse Proton RM1.1b as grant for R&D

octop : 1 man told me political games . ..after GE ..then sell everything..

Remove the current restriction, let all auto players compete in same platform .. perhaps msian will be more happy. . .

we all can own toyota vios and city at RM40k-60k range . . .

Thai even dont have national car. .what's matter?