any ideas when it will be announced, the 7 billion project?

Already announced since last year if I am not wrong.
They got a 7 billion project in building 120+ Armored Wheel Vehicle from government.

However the project will have no financial impact for the current financial year.

actually for this armored car project, hwangdbs already raise the tp to 3.8

now dropped to 2.3x, good time to enter?

bleeding = =

jz enter plan to hold till next quater

Wait for 2.2x bro..

IMO, DRB is a good fundamental company, okay to enter now as long as you hold for long term (> 1 year). Buying for goreng then I've no idea.

Yeap.. Just hold and hold and hold.. Caused remember, that 7 billion project is no play play..
7 billion = 70 x 100 million.

Other small kuchi rat counter awarded with a few hundred million also breaking forward like crazy man.. What more about this? 70 times of 100 million.. Hahaha

This post has been edited by Bonescythe: Apr 11 2011, 12:36 PM

drb is umno company

if bn fail to win 2/3 in this saturday .... then monday can see a drop and that time only good to collect.

Haha... If win 2/3, then you can't get cheap price but to watch it surges...

that's mean hold and wait first?
my buying price is $2.1x, very scare lar

Mine at 1.90~2.00

for long term no problem la , 70bil is a lot ....

who got 70 (seventy billion)??

wait 1.9x la... XD

My price is 1.94

Will DRB get the POS bid? lets hope so!

DRB down amid talk of bagging 32% of Pos Malaysia

Written by Financial Daily
Tuesday, 12 April 2011 12:30

KUALA LUMPUR: Diversified group DRB Hicom Bhd shares slipped 19 sen or 7.7% to end trading at RM2.27 yesterday, with some 21 million shares changing hands.

The sharp fall in the company’s shares yesterday came amid speculation it had won the bid to buy a 32% stake in Pos Malaysia Bhd from state-controlled investment arm Khazanah Nasional Bhd. The announcement is expected today at the Invest Malaysia 2011 forum.

The reason for the downward spiral in the company’s shares is unknown. Other than the reported bid for Pos, in March this year DRB had announced winning a RM7.55 billion defence contract to design, develop, manufacture, commission, supply and deliver 257 armoured wheeled vehicles to the government over a seven-year period.

For the nine months ended December 2010, DRB posted a net profit of RM400.07 million or 20.69 sen a share, on the back of RM4.81 billion in revenue.

DRB is 55.92% controlled by low-key businessman Tan Sri Syed Mokhtar Al-Bukhary.


This article appeared in The Edge Financial Daily, April 12, 2011

the fire spread nearer & nearer to my avp, canot tahan , sold mine at $1.30 Ciao~