Q2 result no need to show superb but better than Q1 is good enough cause Q2 being affected the most due to MCO. Can expect automotive section being hit the most in Q2 but cover by POS section.
Anyway expecting strong rebound in Q3 and Q4 due the reopening of business and news launching of X50.
If the share price can sustain at least 1.80 after Q2 results then the price will be heading to the north in Q3 onwards, by the time 2.50 shouldnt be any issue.
Looking forward on July sales data about automotive sector then will have more clues.
KUALA LUMPUR (Aug 3): DRB-Hicom Bhd’s 50.1%-owned unit Proton Holdings Bhd has announced a campaign that provides fresh graduates an opportunity to own their first car with low hire purchase loan rates.
In a statement today, Proton said the campaign, launched by its unit Proton Commerce Sdn Bhd, only requires a letter of employment or a month’s salary slip in order to qualify for a loan, making it “very accessible”.
“Starting at just 2.98% the rate offered by Proton Commerce is currently one of the lowest in the segment. Basic requirements for a customer include being a graduate (minimum qualification diploma), aged 18-30 years and having a job with a minimum salary of RM1500.
“The offer will run until Dec 31, coinciding with the sales tax holiday currently being enjoyed by all Proton cars. The campaign is designed to help address the issues of mobility for those entering the job market,” it added.
According to Proton, a key deterrent for this segment of buyers has often been the ability to obtain a hire purchase loan without having the proof of income for three months, which is a common requirement for such loans.
Proton Commerce chief executive officer Mooi Fi Phang said the national carmaker is confident that this package will assist fresh graduates to own a car, as monthly repayments start from as low as RM239 per month.
The hire purchase industry, she said, is projected to experience a surge in the near future, as a result of recent reduction in the reduction of the Overnight Policy Rate and the exemption of sales tax for passenger vehicles.
“Therefore, in addition to the Fresh Graduate Campaign package, Proton Commerce also announced that as of July 7, it has reduced the overall offering interest rates to as low as 2.22%, based on customer creditability and margin of finance.
“This means customers would directly benefit as their lower monthly repayment would enable them to use the savings on essentials, and conserve some funds for emergencies,” she added.
As expected, huge rebound in June subsequent follow by july sales. And believe august/sept even more when x50 launched. Seat belt hold tight, drb is going to North with high speed soon.
poorer Q2 results is expected due to MCO, so thats not surprised. But Q3 and Q4 will be strongly rebound. Just hold till year end at least you will get reward.
read always says good but until today still waiting.....sleeping counter. I been holding this share since 2017 until today 2020 ....Any advise please sell or keep thanks.
https://www.klsescreener.com/v2/news/view/716191 Proton enters Kenya market. Hopefully this will open the doors to massive african continent. Looking forward to upward trend on Monday. Happy weekend all.
again DRB Hicom is saved by the chinese just like when it first started then snatched away as though as Mahathir's brain child. However, I doubt Hicom financial numbers. Other models except X70 & X50 are not good.
smallkid91 friends say good so buy lor.... ha ha real good ...... jialak ...keep until 2020 price come back but one day show then ....nothing happen wait again...
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Posted by soonli > 2020-07-21 22:26 | Report Abuse
Step by step. 2.00 first before talking too far.....