This share fly together with IWICTY ~

Unless the company revalue the assets, else poor share. .Pls SELL

SELL ... .SELL ... .SELL ... .

time to long at RM 1 ?

KUALA LUMPUR (July 14): Hong Leong IB (HLIB) Institutional Research has maintained its “Buy” rating on DRB-Hicom Bhd (DRB) with RM2.26 target price (+34.5% upside), and said despite assuming Proton’s RM1.5 billion RCCPS, it remains sanguine on DRB benefiting from Proton partnering Geely and a long term re-rating catalyst on DRB’s valuation, as Geely agreed to support Proton’s turnaround plan with its technology, platform and skillset.

In a trading idea note today, the research house said DRB‘s forward earnings will improve drastically from reduced stake exposure to Proton’s immediate loss and discontinued exposure to Lotus’s loss (full disposal).

“DRB also benefits from retaining part of Proton’s valuable non-core assets (including Shah Alam plant and land), cash proceeds of UK£100 million (RM560 million) from Lotus disposal and RM567 million payment from Proton.

“On the back of positive hourly chart and bottoming up daily indicators coupled with the bullish Harami pattern, share prices are likely to test RM1.74-1.86 zones before reaching our long term target at RM1.99.

“Key supports are RM1.58-1.63. Cut loss at RM1.56,” it said.

SELL .SELL .SELL .

Bad news up good news?

Sell if u think the share is going koyak soon .. . .

Bank Muamalat Malaysia is shoring up its financials to boost market confidence
and seek a listing on the local bourse. The banking institution, majority owned by
DRB-Hicom, is already embarking on a five year transformation plan with the
listing on Bursa Malaysia as the ultimate goal.

Bank Muamalat eyes RM250mil gold bar sales in FY18

http://www.thestar.com.my/business/business-news/2017/07/12/eyeing-gold-bar-sales/#Vlg4kq85vtDeIMIZ.99

Poor share? Sell ?

time to buy back

Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..Sell . ..

http://www.mytimes.org/cat/63/node/139232/210

.

Will The M&A good for Pos / DRB ?
市场盛传全国快递（NATWIDE，9806，主板贸服组）将与世纪通运控股（CENTURY,7117,主板贸服组）合并，尽管管理层已双双出面否认传闻，但两股股价照涨不误

Sound good if can > 1.83

DRB NTA RM 3.14 .
Some more , yet to revalue many lands bank

2) Share is trading at 40% discount to it's NTA

Will the selling off of Proton and Lotus improve DRB's result in next Qtr result?

If Pos Malaysia is able to negotiate a postal tariff hike by slightly more than 50 per cent (circa RM0.90 to RM1.05 for standard mail), our analysis shows that it could easily see a doubling of its total net core profits in FY17

http://www.theborneopost.com/2016/03/19/potential-postal-tariff-hike-positive-for-pos-malaysias-mail-segment/

http://www.thestar.com.my/news/nation/2016/12/09/pos-malaysia-seeks-to-raise-postal-rates/

This is in accordance to the Postal Services Act, 2012.

Any update?

Further to our announcement dated 10 March 2017 in relation to the above, DRB-HICOM
wishes to announce that the Proposed Internal Reorganisation involving DRB-HICOM Defence
Technologies Sdn Bhd, Composites Technology Research Malaysia Sdn Bhd, CTRM Systems
Integration Sdn Bhd, CTRM Aviation Sdn Bhd, and Unmanned Systems Technology Sdn Bhd,
has been completed today.

DRB at least RM 2 before 31/12/17

buy

RM 1.81

Waiting to take > 1.80

Maintain neutral with a target price of RM1.82: DRB-Hicom Bhd has announced that it received a letter from the finance ministry (MoF) for the approval of a research and development (R&D) reimbursement grant to Perusahaan Otomobil Nasional Sdn Bhd (PONSB), a wholly-owned subsidiary of Proton Holdings Bhd, amounting to RM1.1 billion. In a separate note, DRB-Hicom also announced the acquisition of the first tranche of redeemable convertible cumulative preference shares (RCCPS) issued by Proton from Govco Holdings Bhd amounting to RM300 million. We view the R&D grant approval positively as it helps Proton regularise its near-term cash flow, which should accelerate the turnaround plans.

We understand that the application for the reimbursement grant for the R&D in PONSB was made earlier in August 2011. Hence, there is no restriction imposed on PONSB with regard to the use of the grant, as the R&D expenditure has already been expended. The disbursement of the grant will only be made upon completion of the proposed foreign strategic partner’s (FSP) entrance into Proton.

Upon disbursement of the grant, Proton will use the proceeds to settle in full its syndicated loan facility of about RM525 million, together with accrued interests amounting to about RM8.3 million and to partly repay the amounts owed to DRB-Hicom using the remaining balance amounting to around RM566.7 million. As at March 2016, Proton had total borrowings of RM1.4 billon, most of which will be settled upon receiving the grant. We view this positively as this will significantly reduce the financial liabilities of Proton.

Recall that Govco injected RM1.25 billion into Proton through the issuance of RCCPS in June 2016. Subsequently, another RM250 million was issued to Govco, with the exercise completed just last week, making it a total of RM1.5 billion of RCCPS subscribed by Govco. Separately, however, DRB-Hicom has reached an agreement with MoF to purchase the first tranche of the RCCPS principal in Proton from Govco amounting to RM300 million, together with the preference dividend certificate amounting to RM50 million as at June 6, 2017.

In addition, we understand that DRB-Hicom also aims to repurchase the remaining principal tranches amounting to RM1.2 billon RCCPS from Govco. In consideration of this, DRB-Hicom will pledge certain identified assets at a value of RM1.2 billion. Govco is entitled to direct DRB-Hicom to liquidate the charged assets and to pay Govco with the proceeds, upon any non-redemption of the RCCPS as at June 6, 2031. We are neutral on this as we believe this is not likely to materially affect DRB-Hicom’s performance in the near term. — PublicInvest Research, June 23

Who can delete my comments posted in i3 last week? huhu . .

How come some1 delete my comments?