Don't have a good feel on this. Especially when so many hard sell on this. Usually when this happen, the share price tends to drop all the sudden. Well, shall stay on the sideline to wait for latest news on it. Till further clarification, price will not up.

Its normal.. When shares up, TP price also up based on 10 fold. When down, you will start to hear.. "RUN FOR LIFE"... "Last Chance to SELL"....

The share price looks weak now. Doesnt seem to be a good time to in. But something about the share price, there is always a sudden support from no where and push up the price. There would a sudden surge in volume.

No worries. I do expect some profit taking these few days. The RM0.78 is just for reference. It may or may not reach that price.

I do expect them to atleast hit the RM0.78 soon. If they can, depending how strong is the wave, it may hit RM0.90. But dont expect it go across RM1 or even some said RM1.80. This company profit margin is way too low. They aren't going to make good profit. A lot of projects, but low margin. Ofcourse, the doubtful debts would be the concern too. More upcoming projects in Qatar and Malaysia. So they stand a good chance to win more.

@tympangoh.. People expecting dnex to fly.. As what we can read, some said is RM1.80.. If really RM1.80, what is the price for the son? So it is still "undervalue". Obviously is people goreng. But I believed people see the prospect in the company. This is good and bad sign. This would be the price can fall very fast and deep all the sudden. So must trade with cautious.

I totally agree with you @Woo John. They must get the deal done. So you need to have enough holding power on this. The decision maybe continue to drag. Rumours would continue to fly around. Till certainty return, I cant see share price on uptrend.

@fyda74.... there is no exact way to measure the share price. It depends on the company performance, their future incoming business. Sendai being battered recently due to incoming bad quarterly report. But people ignore the fact that they got 800M projects in just 2 months. That shows good sign. The only concern would be cash flow and funding for these 3B projects. If they could solved this, we may way see Sendai getting above RM4B projects by end of the year.

@Woo John.. At the end of the process bidding, there is only 1 winner. So the share price of both Geely and PSA would be affected too. If the company got fundamental, they won't afraid of their share price being affected by this minor hiccup. Their concern would be getting the best deal out this. PSA looks to have a higher chance. Doing business with Chinese is never easy. They maybe cash rich, but they are way harder to negotiate.

@ritz78.. forget about NTA... Is good to have high NTA. But if the company is not making money, the NTA means nothing.

@starperformer... since when stock price should be based NTA? Then you must be buying a lot of DRB.. NTA3.1.. Price now fall to RM1.31. More than 100% gain.

For me personally think this share will shine throughout 2017. Something similar to MYEG. But dont expect it to be as good as MYEG.

The only concern would be their exposure to Oil & Gas sector. A big impairment may happen anytime and affect their P & L. This year, they would do well in IT sector with more government projects. Apart from that, there wont be any cash flow issue in this company.

Based on current trend, it doesnt seem there is annoucement. Even if there is later in the day, it doesnt seem to be a good 1. Insider would have start to collect it.

Till further clarification from Proton, more selling pressure will persist. For those with enough cash, could support the price. We will know when the news coming out based on the share price. Insider would buy or sell 1st.

@fyda74.... Impairment lose means something like revaluation of some investment. Just like a car, every year there is depreciation. Which is a lost to you.

All the sudden, all come out with a TP RM1. Previously all said RUN RUN RUN. A fact that in 2 months, they got 800M projects. Please trade with cautious to avoid being trapped by these speculators.

Really weird. I have seen many came here telling people to run. Some said this is no IFCAMSC Not RM1.80.. Basically this is a competitor to MYEG. Why make compariosn to IFCAMSC? Just to highlight this. They have ZERO gearing.. They got some exclusive deals from government. And their revenue for 2016 is comparable to MYEG. If you look at the market capitalization, they are far away from MYEG.

Sorry, there is no TP for stocks. TP is made by people. Stocks can fly way above their NTA or way below NTA. So how you can measure it? I'm not saying this share will fly to RM1.80. But is a good share with good government connection. They got loads of cash with zero borrowings. Judge that yourself.

@nikkicheong.. thanks for sharing. Looks very details. From the four, likely eni zaba xaba higher chance due to previous partnership. They likely to lose ca rong vietnam to yinson. India project should be in jeopardy due to the resignation of the influence director. Petrobas has been delaying quite some time. with brazil situation is difficult for it to launch.

@ suanmin... yes i do hold some..

Looks like its going to be a big drop at the start.

Till now i havent seen any news of armada tendering new projects. Anyone got any news on their potential projects?

Buying a stake in proton may exclude the land from the deal. Geely will want to buy the land at cheap. PSA may want it on lease. I dont know where is the rm2.5B come from. But till they sell it, it will be just part of the NTA of rm3.1. Till the day we see the light in Proton, till then DRBH will not go pass RM2 or even rm1.80. The effect of rumours could be very deadly. When rumours become reality, we will see stability in the share price. This rumours without clarification, will create fear and panic. Till anyone confirm on this whether Geely pulling or not, expect share to go down. It doesnt matter Geely is pulling out or not. The most importantly is confirmation. Geely pulls out will leave PSA in driving seat.

Expect a weak Q1 due to low revenue. Impairment has been done last quarter. So expect lower losses. Revenue will start to pick up with the 4 big projects. The only concern whether they can win more projects? That also depends on oil price. Monday may start weak due to last min buy @0.72. Depending on the market mood, it may up by end of the day due to oil price increase

Holding power will win in this share. Just to highlight that the company has a zero gearing. Which mean no debts. How bad a company can go wrong? You tell me. Fact is that the company is gaining more and more projects from government. They might be fighting with myeg domination soon. So how bad can this share be when u look at their full year financial report? EPS 11 sen!??

Just joking. Seen many other posting these wordings when the share fall.
Anyway.. may see selling pressure on monday till further clarification. If uncertainty continue to drag, will see more selling pressure. GEELY out still got PSA. Unless both out. Then you really RUN

RUN FOR YOUR LIFE.. LAST CHANCE TO SELL... lol

@pineapples123... mulls means considering. Not confirmed

If the share drop due to some bad news, then it is recommended to sell. So far no announcement. Means just normal profit taking. Surprisingly it drop so fast. Will they bounce back on Monday, depending on the volume. If there is heavy volume, likely they will bounce back. Anyway, should view this as a good correction/buying opportunity. The stock fundamental is strong. Even for their Oil & Gas company, they already secured some projects from Petronas. So even if oil price drop, they should able to manage it.

Hahaha. this would be a new project for their Oil & Gas sector. I would say this project would likely give them in total of projects secured for 2017 RM1B.

@Woo John...haha no. I sold just now when I saw some heavy selling. I actually want to sell since yesterday when I see our Tai Ko sharing all kinds of link which is not related to DRB. Yet he able to link all.

Well, for those who have money and willing to wait. Do hold tight. Ignore the share market for awhile. As long as FSP alive, DRB would stay above RM1. If the deal manage to go through, then It would jump back probably at RM1.45-1.70 range depending on what kind of deal.

They need to clarify the report asap. Or else I see the DRB share price would crash. Forget about what e-commerce stuff. The news about Jack Ma shared earlier by tai ko Calvin is long way off. The main thing that driving DRB shares up has been this FSP since last year. So you better pray there would be some report to clarify this by this weekend. Or you would really need RUN like what our Tai Ko Calvin said in other shares.

Fyda74...no problem.. The star hasnt got any report on it. But based on the report from upstream news portal, they likely to get it with their partner Rosetti. North Field Bravo is located at Qatar.

Your last chance to sell... hahaha..

All I can say....RUN FOR YOUR LIFE!!

Definitely they need to sell the majority share to one of them or else who would want to be under DRB management who failed to manage Proton? The issue would be what is the value of the lost making Proton. Would someone pay for large amount for it? Definitely not.

China companies are very very very rich. But when they come to doing business, they are even smarter. Look at how they bought Shell Refining Malaysia @ Rm1.92 per share. People would easily value the share at RM3-4 based NTA.

DRB will not have any choice but to sell it cheap. Lotus maybe still has some value due to its technology. But what does Proton has? Technology? The only thing would be their assembly plant.

I dont think Geely will pull out. Government would intervene. Malaysia and China relationship will ensure this is done. China would view this as goodwill for other big projects. Proton needs Geely more than they need Proton. Geely would bring in their technology, redesign all the cars and market it to China market at a cheaper price.

North Field Bravo work. They partnering Rosetti from Italy.

Haha . I have no access to upstream news. Could be a huge project.

I unable to read the news. But seems like the 1st fabrication job in UK.

http://www.upstreamonline.com/hardcopy/1220060/rosetti-in-box-seat-for-north-field-bravo-work

Very likely...

I m pretty sure they got some update on some new projects. So hold till Monday n let it go.

Anyway guys. The stock is in for some correction. So becareful

Likely got announcement later...

@Icon8888.... you're doomed.... now is your last chance to sell...
@moneykj....everyone is the TA expert!!

Run run run. Run before it drops below 0.50.. hehehehe.

Sorry.my mistake. 1.5.m shares just too little for the final 5%

Already done and dusted. Check limch link. The final 1.5m shares disposed off

Also do note that most of their projects were not high margin. They provided provisiob of doubtful debts for rm69m. That is their full year profit for 2015... now with 3B projects, would the doubtful debts be higher?

That is worrying when everyone saying insider! Insider news mostly wont come true. I have seen with scomi and berjaya. Where people keep telling you will fly to rm1. Big projects coming. The more people said is insider news the more it wont happen. Insider news is not meant to share here. If that the case that is no longer insider news.

@joyceln... impairment is non cash item. But it affects your balance sheet..you need a good balance sheet to get loan for new projects. I'm not sure where I read it, it says the lower revenue due to projects delay. What caused the projects to delay? No funding. That is a big issue if they cant sorted it out

Good news that EPF has finishing selling. Why the share no up simply because they already up before this. Till people can see a better turn around on their business plan, it will stay this way. Maybe likr what calvin said, the JV with Alibaba. Or FSP announcement. Then share will spike even if market Down 20 points.

I'm worried on EPF savings. They keep buy high and sell low. Whenever they start selling the share price will start to move up. Anyone notice it?

@Yew fei... all because of you bought a lot when you see the news. Causing them to change plan. So it is your fault.. :D

@Yew Fei... the insider change the timeline. No more yesterday. You slowly wait till end of Q3 la. Which is End of September 2017.