Be careful, this is a fake account. This is not the original AhmadRazak. Look at the spelling difference and posting history. Admin should double check.
TOKYO: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has no plans to introduce electric vehicles (EV) in Malaysia in the near future despite Daihatsu Motor Co unveiling a concept EV at Tokyo Motor Show 2017 on Wednesday.
Daihatsu owns a 20% stake in Perodua and a 51% stake in its manufacturing arm, Perodua Auto Corp Sdn Bhd.
Speaking to reporters on the sidelines of Tokyo Motor Show 2017, Perodua Auto vice-president Datuk Zainal Abidin Ahmad said Malaysia does not have sufficient infrastructure for the company to produce EVs.
“Hybrid and EVs require the country to have sufficient infrastructure in terms of charging facilities and range of lithium ion batteries, which are currently not available in full force,” he said.
Zainal pointed out that a study on the impact of EV production and its market requirements in the country will be done if the company is confident there is sufficient infrastructure to support the vehicles.
Stupid greedy44. U sound like sour grapes because u missed to buy lower. Look at No. Rujukan (reference no.) in picture above. The letter's reference no. is Oct 2017 while the website shows tenders' reference no. are OUTDATED, up to 2016 only! That is why u all can't see this letter on the website!
I am sure it is an original and legitimate invitation letter by SPAD to GPA. As Malaysia lack of sufficient infrastructure to support the electrical vehicles, the Government is now in rushing to implement the study of electrical vehicle (EV) battery. That is why the job will start by January 2018 while tender just 2 months before that. Definitely, SPAD would award this job to GPA as the Company is the Largest Automotive Battery Manufacturer in Malaysia.
I think the contract time span should be within 2 years and the contract value of RM324.0 million is DAMN HUGE. Assuming revenue spread evenly within 2 years and conservative profit margin is 20%, GPA could make profit of RM32.4 million or EPS of 3.31sen each year. Profit margin could be even higher as EV battery costs are getting cheaper. The costs falling from ~1,000 per kWh in 2010 to ~$227 per kWh in 2016, according to McKinsey.
Valuation wise, the stock is currently trading at 21x PE.
Pegging PE of 21x to EPS assumption of 3.31sen, the stock could be worth 69.5sen! So now, it answered the question whether to LIMIT UP. There is potential to LIMIT UP as UPPER LIMIT is around 40sen if I can recall correctly. But no matter limit up or not, is not important. The important thing is GPA will be heading in one way, which is UPWARD, UPTREND, NORTH.
No such media release by SPAD in their website as their latest media release was on 27-11-17 about Budget allocation 2017, so another fake scam by Somebody so KLSE must take action lah do not sleep until UMA which is so easy to issue as it is stereotyped....
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Posted by eyewitness > 2017-10-26 01:29 | Report Abuse
GPA closed its factory in 2015. It's only in the distribution business now.