Proton---Good news ?

[kisly]

Proton’s shares rally on takeover talks again, DRB-Hicom up

KUALA LUMPUR (Dec 12): PROTON HOLDINGS BHD []’s shares and call warrants rallied on Monday as market talk that Khazanah Nasional would sell its stake to DRB-HICOM BHD [] went into overdrive.

At 3.28pm, Proton was up 31 sen to RM4.30 with 13.15 million shares done. Its call warrants Proton-CG added 7.5 sen to 38.5 sen and Proton-CI added 12 sen to 45 sen.

DRB-Hicom rose one sen to RM2.13. There were 3.59 million shares traded at prices ranging from RM2.13 to RM2.19.

The FBM KLCI was up 7.79 points to 1,467.92. Turnover was 1.15 billion shares valued at RM685.36 million. There were 342 gainers versus 311 losers while 304 stocks were unchanged.

Tun Dr Mahathir Mohamad, Proton’s adviser, said Khazanah was selling its stake to DRB-Hicom. He was quoted saying on Sunday that Khazanah was selling its stake because it was not pumping more money into Proton, which needed funds for research and development work on new products such as hybrid cars.

“I worry about the buyer (DRB-Hicom) having enough money to inject into Proton. The shares it will be buying are above market price, which will make profitability difficult,” Dr Mahathir said. “But I believe in DRB-HICOM's capabilities,” he said, adding that the status of Proton as a national car would remain after the sale

The Edge weekly reported that the Shanghai Automotive Industry Corp (SAIC) has expressed strong interest in owning a stake in Lotus, following its recent visit to the Lotus manufacturing plant in England.

OSK Research said given the encouraging market potential for Lotus in China and the dire need for funds by Proton in view of its burgeoning capex allocation; “we think the entry of SAIC in the form of equity injection would be meaningful”.

The research house said SAIC was both the JV partner of Volkswagen and GM, which we think would spur more interest from DRB being Proton's suitor.

“We maintain our Trading Buy with our fair value unchanged at RM5,” OSK Research said.

[ikan Besar]

good news for proton
bad news for all those who wan to buy a new car
when only I can drive a non proton car


 

[kisly]

good news for proton
bad news for all those who wan to buy a new car
when only I can drive a non proton car


 

proton inspira ok wor...my hubby got one.

[Accerd]

good news for proton
bad news for all those who wan to buy a new car
when only I can drive a non proton car


 

You can always shift to PERODUA...it is also a national car.

[ikan Besar]

You can always shift to PERODUA...it is also a national car.

waa......................
from proton to perodua
i not very very greedy only wan hyundai avante
like this also cannot meh

[D ' LADY]

You can always shift to PERODUA...it is also a national car.
[/quote

new MyVi also veli veli good u know