based on?

lol

is it true ?

http://www.theedgemalaysia.com/business-ne...ation-talk.html

another same report.

http://www.themalaysianinsider.com/busines...m-buyout-paper/

DRB announced it is not aware of any proposals.

"We refer to the letter dated 9 December 2010 from Bursa Malaysia Berhad with regard to the above article appeared in the New Straits Times, Business Times, Cover Page on Thursday, 9 December 2010, in particular to the following sentences :

(i) “Tan Sri Syed Mokhtar Al Bukhary is believed to be considering taking auto and banking group DRB-HICOM private….”
(ii) “There has been speculation that Syed Mokhtar could offer anywhere between RM2.20 and RM2.70 for the DRB-HICOM shares he does not own”

DRB-HICOM wishes to state that the Company is not aware of such proposal nor have we received any notice whatsoever to that effect from our holding company, Etika Strategi Sdn Bhd.

This announcement is dated 9 December 2010."

Probably why the price went down 2nd session today.

seems like it going down tomorrow. better cut loss and buy back at 1.4 maybe

Yea... It might drop tomorrow. But from the strong quarterly financial reports, this company is indeed a good investment. Whether the company would be privatised or not, the share price may still go up to RM2. It's just a matter of time. The automotive industry seems to be robust for next year too with all the new models and hybrid cars coming out. But if North and South Korea have war or Europe is facing another financial crisis, then maybe all shares would drop.

Of course it deny la. Otherwise privatisition will need to pay higher price!

Haih, crony co. always have drama dept.

The price is surging again.
^^

Thank the gods I did not sell!!

(this is an atheist speaking)

hicom performing well today....
syed mokhtar had denied the offer oredi...
but still, their performance this year is better..
will hold on
cz it is undervalued

Yes. This company is undervalued. Even if there is no privatisation, the share price would still go up. It is just a matter of time only. But I think so far, only the company claimed that they have not received any offer from Tan Sri. I think the Tan Sri has not denied the offer yet. Please correct me if I am wrong.

So what if not privatising, it still goes up further today, yr high 1.85, so what!
DRB anytime will listed the muamalat bank, it is becoming bigger.

Is the Hwang Vickers estimation overblown?

I can't find the full text in the news.

http://bursapricetarget.blogspot.com/
http://politemarket.blogspot.com/2010/12/d...alue-rm355.html

I manage to find these two links which claim that Hwang DBS Vickers Research estimated the target price of RM3.55. I am not sure how true and reliable this estimation is.

Aug 14 2010, dun say unker didnt share with you ya !

by the way

DRB-HICOM set to seal deal with VW

DRB-HICOM Bhd is scheduled to sign a definitive agreement on December 21 with Volkswagen AG, Europe's largest carmaker, to assemble VW cars in Malaysia.


The cars will be assembled in Pekan, Pahang, for local and Southeast Asian markets.

"Tentatively, it is scheduled for December 21 with the signing ceremony being held either in the KLCC area or at DRB-HICOM's (1619) operational headquarters in Glenmarie, Shah Alam," said the source.

It is understood that DRB-HICOM's top officials from its automotive divisions are currently abroad for the final leg of negotiations with VW.

In August, DRB-HICOM signed a memorandum of understanding with Germany's VW to assemble and manufacture Volkswagen vehicles in Malaysia.
An agreement with VW will help boost business and raise its profile among investors further. Although a big chunk of income comes from stable businesses like Islamic banking, insurance and power plant maintenance and plans to expand its property unit, its share price is still well below its net asset value of over RM2.

DRB-HICOM shares closed 9 per cent higher at RM1.80 yesterday.

In August, it was reported that minority shareholders voiced their displeasure at the company's annual general meeting over the undervalued shares.

As a result, the company said it plans to beef up investor relations (IR) activity.

"I do understand the anxiety of the shareholders and the public ... the current share price does not reflect the actual value of the company, which is actually worth more," group managing director Datuk Seri Mohd Khamil Jamil reportedly said after the AGM.

Yesterday, HwangDBS initiated coverage on DRB-HICOM with a RM3.55 target price.

The research house said DRB-HICOM is the cheapest conglomerate in the country with a net gearing of 0.3 times.

"With efforts to be more investor-friendly now, we expect a significant re-rating from its bargain basement valuation of 5.5 times 2012 financial year's earnings per share," Hwang said in the report.

The research house added that a key catalyst for DRB-HICOM is the conversion of a letter of intent from the Ministry of Defence for 257 AV 8x8 armoured wheeled vehicles, worth about RM8 billion.

Source: http://www.btimes.com.my/Current_News/BTIM...icle/index_html

Wow... It seems like this counter price would continue to surge on Monday and hopefully, reach RM2!
^^

im gonna enter at 1.8x soon... any thought?

yes, now is 1.82 ... can queue at 1.8 d

lol.. already in at 1.83.. zzzz

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Added on December 13, 2010, 12:03 pmsomething wrong with this counter huh? privatise news coming?

This post has been edited by shanelai: Dec 13 2010, 12:03 PM