drb ,not only sell cars, it has property and bank division as well. but when bauto up, drb down, simeprop up, drb down, now bank stocks up, it should also down
DRB-Hicom reported a net loss in the second quarter due to weaker performance in Proton and Pos Malaysia. Revenue declined due to lower vehicle sales and international mail volume. However, aerospace and defense sectors saw growth. The group is optimistic about future growth with new car launches and technology adoption.
something seriously wrong with this company. you own honda and proton francise 2 of the top selling brands and yet the share price doesn't reflect that. soon it will be a penny stock and then a laughing stock.
KUALA LUMPUR (Sept 8): The proposed selective capital reduction (SCR) and privatisation of MMC Corp Bhd by tycoon Tan Sri Syed Mokhtar Albukhary are deemed not fair, but reasonable, said independent adviser Alliance Investment Bank Bhd.
In the company's circular on the exercise today, Alliance said the SCR is "not fair" as the offer price of RM2 per share is lower than the estimated value of between RM3.32 and RM3.41.
However, the adviser is of view that the proposal is "reasonable" on grounds that MMC shares had not traded above the offer price for three years before the proposal was announced on June 3.
IPO bank when banking sector is in bull market, IPO price could be RM 1.50 or more, whyy share this easy money with retailers? privatize DRB before the IPO, remember bank muamalat must obey bank negara rules by next year? the IPO is the main option to meet bank negara request
PETALING JAYA: Pos Malaysia Bhd's subsidiary Pos Logistics Bhd has proposed to dispose of its entire equity interest (49 million shares) in PNSL Bhd to SWA Shipping Sdn Bhd for RM123. 21 million
I don’t see the correlation between improving sales at Proton and better earnings at DRB-Hicom. Hence, I don’t think the counter is undervalued,” says an analyst who covers the industrial conglomerate.
Closing at RM1.13 last Friday, DRB-Hicom was trading at 0.3 times its net asset value (NAV) and had a market capitalisation of slightly more than RM2 billion. For comparison, Oriental Holdings Bhd (KL:ORIENT) and Sime Darby Bhd (KL:SIME), two other conglomerates with an automotive business, were trading at 0.5 times and 0.9 times NAV respectively.
the beging of privatize, 1st step : make you belive it worth below 1. step 2, offer 1.9 , which 80-90% higher than market price. the analyst will tell you this is not fair but reasonable.
😁😁😁Pos survival affect Drb. Drb is forced to do the same like for the proton. PETALING JAYA: Kenanga Investment Bank Bhd has placed a “neutral call on the local automotive sector as competition intensifies this year.
In a report, the research house said the sector’s earnings saw a drop in the second half of its reporting season particularly for DRB-Hicom Bhd and Tan Chong Motor Holdings Bhd, as both registered quarterly losses due to unfavourable environments.
It said DRB-Hicom’s core net profit had almost halved year-on-year, dragged by its second quarter losses due to wider sequential quarter losses at its postal segment, as well as longer closure of auto parts manufacturing plant on extended festive holidays and higher tax
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
5354_
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Posted by 5354_ > 2 months ago | Report Abuse
Why EPF keep selling? Pos no buyer interested?