Entry: RM1.61 (triggered) Short term target 1: RM1.66 Short term target 2: RM1.70 Stop loss: RM1.57
Personally, am staying invested for the multi year Geely roadmap for Proton which will be the right hand drive conversion hub for Geely-Volvo vehicles going forward
If you read the last QR, DRB should gain about RM515 mil from the sale of Alam Flora to Malakoff group. The gain should be included in this coming QR. Can someone verify this ?
If long term divide by year. It might get the same return. No guarantee for capital gain. We foreseA can get the gain if the company have potential to grow
PE low because of disposal of Alam Flora with gain of about RM515 million. However, the group declared 2 sen dividend which the ex-date will be determined later
Next week DRBHCOM will go above 2.30 , car sales tax 100 percent waived ,buy new proton car discount 25 percent ,take effect 15 June until 31 Dec 2020, benefit DRBHCOM ,, TP = RM 3 in 3 month time
haha .... 吃不到葡萄说葡萄酸 . Pre-covid19, DRB was a 2.50 stock. now just go back to original price level. all quality stock will go back to pre-covid19 level.
RM3 is achievable but it will take 3-5 years time. Current situation: News being released and the overall economy is not good yet, ppl still struggling for money. If those really wanna buy a car sure will look for cheaper cars especially proton saga, persona and iris. In addition, X50 has higher chances of release this year. It could boost the car sales of proton. Next, those retailers who invest in glove sector having the great return dy. they are potential buyer of car :)
DRB will go back faster than anyone else because the market share is in growth mode, while others are depending on the overall sentiment to increase, proton is biting market share of its competitors. So Proton CAN STILL GROW in slowing car retail environment.
Avoid other carmakers because only Proton sees increasing demand.
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Posted by cn21 > 2020-05-28 11:08 | Report Abuse
Proton sold less than 50 cars in April...........