Proton used to be a drag on DRB shares. Now it is POS Malaysia. Losses at Proton was about 1 billion a year. Now it looks like POS Malaysia will be running at a 600 million loss a year. Proton has turned around, so it is like a reduction in loss of about 400 million. If drops a bit more, I will start collecting.
DRB owns 53.5% of POS Malaysia. So the share of loss after minority interest is about 300 million. So actual reduction is 700 million. I think can start accumulating.
Next quarter 1)Sale of Alam Flora September (RM735mil) 2) Modenas to Kawasaki in April (RM40.3mil) 3) Lands swap - net gain RM850mil 4)X70 sales 5)Expectation sale for X50
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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....
Applepen
709 posts
Posted by Applepen > 2019-05-21 20:09 | Report Abuse
Drb earn little bit
Pos help you to lose money
TP...1.75