Posted by hklcheng > 2017-05-31 09:11 | Report Abuse

QR like that is a good news for them....may b...haha

Posted by Alex > 2017-05-31 09:12 | Report Abuse

haha...the power of media

NEWS HEADLINE:

1) DRB makes losses again

vs

2) DRB trimmed losses by 73%!

the 2nd one sounds better. So up =)

Posted by Cornerstone > 2017-05-31 09:14 | Report Abuse

loss making also can go up.. other counters posted profit but going down.. Malaysia market is amazing

Posted by hklcheng > 2017-05-31 09:15 | Report Abuse

EPF pump up....got a lot of bullets

Posted by paktua73 > 2017-05-31 09:16 | Report Abuse

yeahhhhhhhhh

Posted by paktua73 > 2017-05-31 09:21 | Report Abuse

fast eat fast run yeah this its the game time
earn money dare to care

Posted by fl888 > 2017-05-31 09:23 | Report Abuse

Proton iissue is discounted and DRB Will fly higher wth ecommerce partners.,,,

Posted by ahlairich > 2017-05-31 09:24 | Report Abuse

walao apa le shitty result but up.

Posted by paktua73 > 2017-05-31 09:24 | Report Abuse

come a bit more hit n run game time yeahhhhhh

Posted by ivankvs > 2017-05-31 09:27 | Report Abuse

.

Posted by mancingbursa > 2017-05-31 09:27 | Report Abuse

If the price to ur nett price sell! Fundamental weak, my advise

Posted by moneykj > 2017-05-31 09:39 | Report Abuse

Big player jack up the price for them to unload. Sell...Strong sell

Posted by JJchan > 2017-05-31 09:44 | Report Abuse

yes. this style is synonymous with Epf style....trade with caution....bad results for another 2 coming
Q.....price can go Up????

Posted by hklcheng > 2017-05-31 09:46 | Report Abuse

today might close at 160, to show "he" make the right deal...

Posted by JJchan > 2017-05-31 09:47 | Report Abuse

same epf style in AA before 1Q17 results.....big boys recognised "cooked results" but retailers are
usually blinded by Tony sweet talk

Posted by ivankvs > 2017-05-31 09:50 | Report Abuse

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

Posted by JJchan > 2017-05-31 09:51 | Report Abuse

If Geely paid RM1 for proton....it is also Done Deal (just remembered back-- Gov sold AA to Tony with Debt).....until we see what is On the Table in July don't made Pre-judgement

Posted by ivankvs > 2017-05-31 09:51 | Report Abuse

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.

Posted by WM Niaga > 2017-05-31 10:20 | Report Abuse

Higher Sales Growth????

Posted by fl888 > 2017-05-31 10:30 | Report Abuse

Now Proton solved, DRB must announce JVs of POS ,Bank Muamalat,Property Development to make DRB higher and the Big Boys will play up all the call
Warrants again which they have pushed down for political and
Hari Raya before expiry date.

Posted by mancingbursa > 2017-05-31 10:37 | Report Abuse

Mv agusta also, proton buy for hundreds mil then sold as 1euro1

Posted by paktua73 > 2017-05-31 10:47 | Report Abuse

old man lucky eat fast on early opening n trow back at 1.59

Posted by 8wpwtmt8 > 2017-05-31 11:10 | Report Abuse

DRB (BUY) (Hong Leong Research)

Worse is Over; Entry of FSP in next Quarter

Below Expectations – DRB reported core loss of RM245.9m for 4QFY17 and RM525.4m for FY17, worse than HLIB’s loss expectation of RM323.6m, dragged by 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.
FY17: Core loss expanded to RM525.4m (from RM467.9m in FY16) due to lower automotive sales and contribution from associates/JVs.
Outlook: 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.
Maintain BUY with unchanged Target Price of RM2.58, based on lower discount of 20% to SOP.

Posted by paktua73 > 2017-05-31 11:55 | Report Abuse

buy back at 1.60 avvrge back

Posted by Secret > 2017-05-31 12:08 | Report Abuse

Paktua73 you bought it back at 1.6?

Posted by limch > 2017-05-31 12:15 | Report Abuse

Not QR still loss?

Posted by limch > 2017-05-31 12:16 | Report Abuse

If worse is over mean Proton cars shoot up any sign on it?

Posted by 7skies > 2017-05-31 12:17 | Report Abuse

Go Go GO!!

Posted by paktua73 > 2017-05-31 12:18 | Report Abuse

he he oldman alway u turn he he
oldman always lie one
road runner pitt pitt

Posted by limch > 2017-05-31 12:20 | Report Abuse

If you still want to chase up to you after all your money. I have a lot of Tabung Haji owned counters. Hopefully after selling DRB TH can use the money buy more of TH selldown counters.

Posted by calvintaneng > 2017-05-31 12:25 | Report Abuse

WAHAHA!!

DRB POWERING UP!

Posted by fl888 > 2017-05-31 12:26 | Report Abuse

Playing for money games through call warrants by pushing DRB mother to TP RM1.82 then 2.28 then NTA price hopefully,,,,,

Posted by limch > 2017-05-31 12:28 | Report Abuse

Why IBs' and EPF, LTH have different opinions? Why EPF, LTH sold when IBs' ask to buy?

Posted by limch > 2017-05-31 12:32 | Report Abuse

Loss RM 328.45 million nobody can see?
http://klse.i3investor.com/servlets/stk/fin/1619.jsp

Posted by limch > 2017-05-31 12:35 | Report Abuse

I read some comments(paper or here) also want to laugh. Why Geely want to use Tanjung Malim plant for China cars? Why not more cost effective to build in China?

Posted by 4086 > 2017-05-31 12:42 | Report Abuse

Because they want to penetrate asean. Made in Malaysia free of tax between asean countries. Made in china no free tax in asean.

Posted by Dexter150185 > 2017-05-31 13:29 | Report Abuse

Wah uptrend go go go

Posted by Effendy Tay > 2017-05-31 13:36 | Report Abuse

Very logical geely enter into Malaysia car manufacturer to take advantage of ASEAN tax free. Bring components From China re-branding proton made in Malaysia enjoy free tax.

Posted by Secrecy > 2017-05-31 13:54 | Report Abuse

RM 2 target

Posted by mancingbursa > 2017-05-31 14:11 | Report Abuse

Wait till weekend ma....

Posted by ivankvs > 2017-05-31 14:14 | Report Abuse

.

Posted by Erie > 2017-05-31 14:16 | Report Abuse

Hahahahaa..told yaa gud result n supported by gov..even loss all media make it look good..everyone here try to be IB fund analyst but just make judgement from the sky..no fact..

Posted by Cornerstone > 2017-05-31 14:17 | Report Abuse

hopefully not just up in morning session and go down later.. haha

Posted by Cornerstone > 2017-05-31 14:17 | Report Abuse

coz this stock always pump and dump daily...

Posted by stockmanmy > 2017-05-31 14:18 | Report Abuse

very logical but Geely still manage to get Malaysian government to pump in $ 1.5 billion grant our tax money before Geely pumps in $ 200 million.

so what is that? 1MDB style kick backs?





by Effendy Tay > May 31, 2017 01:36 PM | Report Abuse

Very logical geely enter into Malaysia car manufacturer to take advantage of ASEAN tax free. Bring components From China re-branding proton made in Malaysia enjoy free tax.

Posted by fl888 > 2017-05-31 14:26 | Report Abuse

Geely can buy Proton at 49.9 % at RM2.59 ,no problem as DRB will 0r can relist Proton at RM3.00 and then market price becomes RM4.44 or higher then everbody dapat untung....if buy now,sure untung in one or two year time...lol

Posted by 8wpwtmt8 > 2017-05-31 14:30 | Report Abuse

T + 3 today, those who want to contra sell should have already sold (let be it gain or loss). Those who want to pick up their shares should have already paid.

Posted by Effendy Tay > 2017-05-31 14:37 | Report Abuse

It appears the beneficiary of geely proton Saga partnership is more advantage to geely at the expense of Malaysian tax payers. What choice have we when drbhikom bleeding to death. Something is better than nothing. On another note, the Chinese shall buy over open market equity to push forward to unexpected level like Iwcity, but alas hopefully won't aborted the definitnitive agreement when target price beyond 2.58as research by Hong Leong

Posted by fl888 > 2017-05-31 14:47 | Report Abuse

Maybe Geely is buying through margin financing of DRB at what price and arrangement before annoucing FSP

Posted by fl888 > 2017-05-31 14:52 | Report Abuse

Have a look at 161935 and 161936, issue price RM0.25 and conversion price RM1.90 could means DRB can hit RM1.90 by today or this week...by Mcquarie