Many say X70 very good car etc. but am sure many have not driven the car. I have driven the car in China and am not impressed. Felt the car handling not as nice as current Proton models with LOTUS ride and handling, at speeds of 100km/hr got wind noise and didn't find it very comfortable inside the car, maybe my size too big. I am amazed that many have booked the car without test driving or even knowing the price. Success or not, will depend on the selling price and if Proton improved the ride and handling and improve the wind noise. I think RM80k~110k can sell, more than that, customer got other choices. Let's wait for the launch, than can say if share price can go up or down.
joan123 Kim, today hicom share drop, not as what we expect
13/12/2018 12:10
Yeap, something is not right now. I think IB will come upgrade or downgrade the tp later or drb mgmt will come out to clear the reason why share price slump.. if they unaware it..price will start rebound back. Hope the best for them..
Investors need to be patient with the Proton turnaround plans. To get a better picture of whether the turnaround plan is working or not, you have to wait until the 4Q19 result is out first ( May 19). This is because it will be the first full quarter result of Proton post launching of the X70.
To say management has failed in the turnaround plan now is really not fair. You need to give them time to show the result first.
Agree with you that the public might perceived that the price as a bit high for a Proton brand. And the % of conversion from booking to firm orders might be effected.
On the other hand, i think most people had already expected that on average, it would cost higher than RM100k mainly due to the comparable (if not higher) specs of X70 vs other SUV (not an expert but this is what i got from reading the car reviews).
Need to wait for updates from the management to see how many firm booking did the X70 will actually get. Or we can wait for MAA's January car sales numbers to see how many X70 was sold.
Hope they will do well. Good luck to DRB shareholders.
Big players starting throwing out all this company rubbish share...Today will b also red ending!!!Due to early buyer though committed 70-80k but now 100k disc 200!!!most peoples will cancelled booking!!!tp1.0 or below....kikiki...time to buy back share...shiok!
The high price is also because the current offer is still for CBU model. When Proton decides to manufacture it in Malaysia (expected in 2H19), then the price should go down a bit. Not sure by how much though.
However, this still depends on the demand of the X70. If demand is tepid, i don't think DRB and Geely would want to fork out too much capital to build up a new production line for X70. Geely especially given that their cash investment in Proton is still small at the moment. The RM460mil paid for 49% of Proton was via RM170mil cash and RM290mil transfer of SUV platform.
What do you think? Will they still proceed to come up with the CKD version if sales of CBU are below expectation?
They are building a new factory for the CKD in Tg Malim. Initially suppose to be ready by Feb, postpone to April and now heard the first roll out would be in Jue 2019.
If CKD version lower price, I would wait for the CKD version. This is the first right hand drive made in China using a left hand drive production line. Not sure how it effects quality.
Also, 1st batch 2018 car launch at the end of the year. Many will wait for 2019 for better resale value later on.
I think the sales will pick up later on. There might be many like me, who don't but the first batch and will wait for a 2019 year make....since it is already at the end of the year.
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Posted by Cxg888 > 2018-12-02 22:39 | Report Abuse
Tomorrow maket up very strong 188