buy some, undervalued 1619 DRBHCOM DRB-HICOM BHD OTHERS OTHERS JOINT VENTURE AGREEMENT BETWEEN DRB-HICOM BERHAD AND ZHEJIANG GEELY HOLDING GROUP CO., LTD. TO JOINTLY DEVELOP AUTOMOTIVE HIGH-TECH VALLEY IN TANJONG MALIM, PERAK You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
1619 DRBHCOM DRB-HICOM BHD MEMORANDUM OF UNDERSTANDING MEMORANDUM OF UNDERSTANDING DRB-HICOM BERHAD ("DRB-HICOM" OR "COMPANY")UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") ENTERED INTO BETWEEN PROTON GLOBAL SERVICES SDN. BHD. ("PGS") AND SOLAROO SYSTEMS SDN. BHD. ("SOLAROO") You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Lots No. 39617, 39619 and 46970 Mukim Damansara District of Petaling Selangor Darul Ehsan
PM 1362 Lot 15710, PM 1364 Lot 15712, PM 1365 Lot 15713, PM 1366 Lot 15714, PM 1368 Lot 15716, PM 1369 Lot 15717, PM 1370 Lot 15718, PN 54215 Lot 26778 Mukim Batu Berendam District of Melaka Tengah Melaka
1619 DRBHCOM DRB-HICOM BHD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of Shareholder Name : EMPLOYEES PROVIDENT FUND BOARD NRIC/Passport No./Company No. : EPF ACT 1991 Nationality/Country of Incorporation : Malaysia Address: 5th Floor, EPF Tower, No. 1, Persiaran Kwasa Utama 40150 Shah Alam Selangor Malaysia Descriptions (Class and Nominal Value): Ordinary shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 10/01/2024 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 09/01/2024 Transferred 93 - 2. 09/01/2024 Transferred 93 - Circumstances by reason of which change has occurred: Transfer of 93 ordinary shares from Citigroup Nominees (Tempatan) Sdn Bhd - Emplys Prvnt FD BD(CGS CIMB-SBL) to Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board-IC. Nature of Interest: Direct Interest Consideration:
No of Shares Held After Changes: Direct : 183,606,797 shares (9.4970%) Total : 183,606,797 shares Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
1619 DRBHCOM DRB-HICOM BHD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of Shareholder Name : EMPLOYEES PROVIDENT FUND BOARD NRIC/Passport No./Company No. : EPF ACT 1991 Nationality/Country of Incorporation : Malaysia Address: 5th Floor, EPF Tower, No. 1, Persiaran Kwasa Utama 40150 Shah Alam Selangor Malaysia Descriptions (Class and Nominal Value): Ordinary shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 10/01/2024 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 09/01/2024 Transferred 93 - 2. 09/01/2024 Transferred 93 - Circumstances by reason of which change has occurred: Transfer of 93 ordinary shares from Citigroup Nominees (Tempatan) Sdn Bhd - Emplys Prvnt FD BD(CGS CIMB-SBL) to Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board-IC. Nature of Interest: Direct Interest Consideration:
No of Shares Held After Changes: Direct : 183,606,797 shares (9.4970%) Total : 183,606,797 shares Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By:
1619 DRBHCOM DRB-HICOM BHD MEMORANDUM OF UNDERSTANDING MEMORANDUM OF UNDERSTANDING DRB-HICOM BERHAD ("DRB-HICOM" OR "THE COMPANY")- UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN DRB-HICOM AND KERAJAAN NEGERI PERAK DARUL RIDZUAN ("KERAJAAN NEGERI") You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Proton cars are gaining popularity for several reasons. They offer a good balance of affordability and quality, with improved design and technology. Proton has also focused on safety features, attracting consumers who prioritize security. Additionally, strategic partnerships and advancements in manufacturing have contributed to the positive perception of Proton as a rising star in the automotive industry.
The performance of DRB-HICOM Berhad, as a parent company of Proton, is often influenced by Proton's success. If Proton continues to thrive, it can positively impact DRB-HICOM's financial standing.
DRB-Hicom Berhad is a Malaysian conglomerate involved in various industries, including automotive, services, and property. Geely, on the other hand, is a Chinese automotive company. In 2017, Geely acquired a 49.9% stake in Proton, a Malaysian automotive company owned by DRB-Hicom. This partnership has allowed for technology sharing and collaboration in the automotive sector.
Geely's involvement in Proton's business has contributed to its profitability through various means. Geely brought in expertise, technology, and investment to enhance Proton's product offerings and operational efficiency. This collaboration allowed Proton to benefit from Geely's experience in designing and manufacturing vehicles, leading to improved quality and competitiveness in the market. Additionally, joint ventures and shared resources facilitated cost savings and economies of scale, further contributing to Proton's financial success.
The partnership with Geely has positioned Proton to potentially expand its market presence beyond Malaysia. Geely's global experience and resources can help Proton explore new markets, access advanced automotive technologies, and adapt to international standards. However, successful penetration into new countries depends on various factors, including market demand, regulatory requirements, competition, and effective marketing strategies. The collaboration with Geely provides Proton with a better chance of expanding its footprint globally, but success will rely on navigating the complexities of each target market.
KUALA LUMPUR: Investors should remain steadfast in seeking fundamentally sound stocks despite the recent turmoil in the small-cap market, according to RHB Research.
In a note, the investment bank said while the small-mid cap space is often preferred for its higher growth prospects, a balanced pick, combined with value-focusing and growth-focused stocks is appropriate in the current environment.
As such, it emphasised that a focus on earnings quality, margins preservation, cash flow, and yield generation is paramount, especially on the backdrop of tense geopolitical conflict, cost escalations, and demand uncertainty.
1619 DRBHCOM DRB-HICOM BHD OTHERS OTHERS JOINT VENTURE AGREEMENT BETWEEN DRB-HICOM BERHAD AND ZHEJIANG GEELY HOLDING GROUP CO., LTD. TO JOINTLY DEVELOP AUTOMOTIVE HIGH-TECH VALLEY IN TANJONG MALIM, PERAK You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
International investments and holdings Li Shufu, the founder and chairman of Geely, acquired a 9.69% stake of Mercedes-Benz Group in February 2018, making it the company's largest single shareholder.
Associated Press Finance Japanese officials raid a Toyota group plant after the company admitted cheating on engine testing YURI KAGEYAMA Tue, January 30, 2024 at 3:37 PM GMT+8·3 min read In this article: Toyota Chairman Akio Toyoda bows during a news conference in Nagoya, central Japan, Tuesday, Jan. 30, 2024. Hours after Japanese transport officials raided the plant of a Toyota group company on Tuesday to investigate cheating on engine testing, Toyoda vowed to steer the company out of scandal and ensure the Japanese automaker sticks to “making good cars.” (Kyodo News via AP) Japanese transport officials walk towards a Toyota Industries Corp. factory for inspections in Hekinan, central Japan, Tuesday, Jan. 30, 2024. Japanese transport officials raided the factory of the Toyota group company on Tuesday to investigate cheating on engine testing as its chairman vowed to ensure it is "making good cars." (Kyodo News via AP) FILE - This photo shows a logo of Toyota Motor Corp. at a dealer on May 11, 2022, in Tokyo. Japanese transport officials raided a factory of a Toyota group company on Tuesday, Jan. 30, 2024, to investigate cheating on engine testing as its chairman vowed to ensure it is "making good cars." (AP Photo/Eugene Hoshiko, File) Toyota Chairman Akio Toyoda speaks during a news conference in Nagoya, central Japan, Tuesday, Jan. 30, 2024. Hours after Japanese transport officials raided the plant of a Toyota group company on Tuesday to investigate cheating on engine testing, Toyoda vowed to steer the company out of scandal and ensure the Japanese automaker sticks to “making good cars.” (Kyodo News via AP) 4 / 4 Japan Toyota Toyota Chairman Akio Toyoda speaks during a news conference in Nagoya, central Japan, Tuesday, Jan. 30, 2024. Hours after Japanese transport officials raided the plant of a Toyota group company on Tuesday to investigate cheating on engine testing, Toyoda vowed to steer the company out of scandal and ensure the Japanese automaker sticks to “making good cars.” (Kyodo News via AP)ASSOCIATED PRESSMore TOKYO (AP) — Japanese transport officials raided a Toyota-affiliated plant Tuesday after the company admitted to cheating on engine testing, as Toyota Motor Corp. reported it sold over 11 million vehicles in 2023 to retain its status as the world’s top car manufacturer.
Hours after the probe began at Toyota Industries Corp.'s plant in Hekinan, Aichi Prefecture, central Japan, Toyota Chair Akio Toyoda vowed to steer the company out of scandal and ensure the Japanese automaker's group companies stick to “making good cars.”
“My job is to steer the way for where the overall group should go,” Toyoda said.
He apologized, bowing deeply, and stressed the group vision was rooted in the Toyoda founding family’s ideas of empowering the “genba,” or the workers on the plant floor, “to make good cars that lead to people’s happiness.”
The testing scandal comes at a time of otherwise stellar performance for Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxury models. Its group global vehicle sales for 2023 were a record 11.22 million vehicles, up 7% from the previous year and topping Volkswagen AG of Germany’s global sales of 9.2 million vehicles.
Toyoda spoke in a news conference that was livestreamed from a memorial hall in Nagoya that serves as a museum for the founding family. Sakichi Toyoda invented the automated weaving loom. His son Kiichiro Toyoda, Akio’s grandfather, founded Toyota Motor Corp.
As for Proton, its Geely-based models, equipped with advanced features and competitive pricing, are expected to excel in the market,” it said.
Moreover, HLIB said Proton's planned launches of the highly sought-after X50 and X70 facelift models in 2024, along with the newly launched S70 that had garnered strong interest (set to deliver in 2024), are poised to further strengthen its market position
U.S. stocks were higher after the close on Thursday, as gains in the Utilities, Consumer Services and Basic Materials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 0.97% to hit a new all-time high, while the S&P 500 index gained 1.25%, and the NASDAQ Composite index added 1.30%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2235 to 677 and 63 ended unchanged; on the Nasdaq Stock Exchange, 2107 rose and 1290 declined, while 132 ended unchanged. (Source: Investing.com)
Proton EV out in 2025, says HLIB Research. TANJUNG MALIM: Proton's management has revealed that a new EV (electric vehicle) model would be launched as early as 2025, according to a Hong Leong Investment Bank (HLIB) Research report on Wednesday.
The batteries are 100 X 31 Ahr Cells, 370 volts. The EMAS can accelerate to 60 mph in 14 seconds and a maximum speed of 105 mph. Its full range is 350 miles and CO 2 emissions of 60 g/km.
Proton’s electric vehicle (EV) is set to debut as early as 2025. This is according to Hong Leong Investment Bank (HLIB), which research note released yesterday maintained its ‘buy’ rating on DRB-Hicom’s stock.
“Management guided for the new Proton EV to be introduced as early as 2025.
On a separate note, Wong said Proton’s electric vehicle (EV) implementation is on track with the first stage being the launch of its “smart” EV distribution in Malaysia and Asean by year end.
He noted that Proton is collaborating with Gentari Sdn Bhd for EV development, mobility and ecosystem of new energy.
“Furthermore, Proton is leveraging Geely’s knowledge and technology to develop its own EV range. Management has guided the new Proton EV model to be launched as early as 2025,” he added.
Wong also said Proton’s overall productivity and cost efficacy ratios have improved substantially over the years.
“We expect continuous improvement in product quality and cost efficiency as Proton consolidates its production to Tanjung Malim (from Shah Alam) by 2026 with investments into better equipped production plants, ” Wong concluded.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 256 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11341 views | 9 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
abc333
1,528 posts
Posted by abc333 > 2023-12-22 20:15 | Report Abuse
next year only got show