DRBHCOM (1619) DRB-HICOM BHD - PROTON GEELY CHINA IS HERE. ========
DRBhicom Highlights
Latest News :
1. Our government ready to let go Proton - Kerajaan tidak mempunyai sebarang masalah atau isu berhubung tindakan DRB-Hicom Bhd melepaskan 51 peratus kepentingannya dalam Proton Holdings Bhd (Proton) sejajar usaha mendapatkan rakan kongsi strategik asing (FSP) bagi pengeluar kereta nasional berkenaan. 10 Feb 2017
http://www.sinarharian.com.my/nasional/jual-kepentingan-proton-kerajaan-tiada-masalah-1.626077
2. China is buying malaysia business - China’s Geely Automobile Holdings has emerged the clear leader ahead of France’s Renault and Peugeot parent PSA in the queue of suitors for Malaysia’s Proton carmaker. 12 Feb 2017
http://www.scmp.com/week-asia/business/article/2069928/proton-saga-why-would-malaysia-sell-its-symbol-dignity-china
3. Potential Turnaround play - "In DRB’s results for FY16 ended March 31, the firm posted a net loss of RM991.9mil. Its automotive segment booked almost RM1bil operating losses. Excluding its automotive’s RM1bil loss, DRB-Hicom should have made a RM370.5mil profit."
4. Positive catalyst - A NEW technical partner for Proton Holdings Bhd could be a catalyst for DrbHicom. For one thing, it would reduce the impact of Proton’s losses on DRB-Hicom. At the current share price of RM1.26 apiece, DRB-Hicom is valued at a price-to-book value (P/BV) of 0.41 times, lower than the automotive sector’s at 0.7 times P/BV. 11 Feb 2017
http://www.thestar.com.my/business/business-news/2017/02/11/can-proton-do-it-this-time/#zWuYCJBehAzQeJwc.99
5. Deadline for Proposals - The prospective strategic partner for national car manufacturer, Proton Holdings Bhd (Proton), will be made known after Feb 15, says Second Finance Minister Datuk Seri Johari Abdul Ghani.
http://www.nst.com.my/news/2017/02/211815/protons-strategic-partner-be-finalised-after-wednesday-says-johari
Some reasons to put in Watchlist :
1. Technical chart healthy - A strong rally with low volume pull back to RM1.26 which is a previous resistance turn into support now.
Refer https://klse.i3investor.com/blogs/amresearch/115454.jsp
2. Fundamental - Turnaround play + high NTA , no solid eps for sure.
3. General Election 14 - U know what i mean. Theme play bro.
4. Lets Party With China - ANYTHING DEAL WITH CHINA IS BULLISH.
Pos - JV with Alibaba CHINA
Yongtai - Melaka project with CHINA
Shell - bought by CHINA company.
Scomien - CHINA company is buying.
DRBHicom - Proton's strategic partnership Geely CHINA.
Main Question is . . .
China JV with Pos, China buys Proton,
Why not DRBhicom ?
DRBHCOM (1619) DRB-HICOM BHD - PROTON GEELY CHINA IS HERE. ========
http://klse.i3investor.com/blogs/chinatheme/115655.jsp