of vw comes in,difinitely drb do better for sure..but we do not know.
proton always uses power to lure those malays(sorry,no racial issue ya) but no quality.thats y chinese all move away from proton and say it cheap..hope drb ceo understand why ppl say proton cheap and correct the problem.

when this drb want to finish correction? wait more than 1 month oledi. can finish oxygen like this.

Why buy?

Owns Glenmarie, and tonnes of land bank (including Proton's landbank currently)
Owns brands such as Honda, Lotus, Suzuki, Audi, Proton, Volkswagen, and currently is the biggest automotive manufacturer in Malaysia
One of the biggest defense contractors in Malaysia, with SAAB JV havent been announced yet
The cheapest priced, biggest conglomerate in Malaysia currently.
Have a lot of smart people working on their board of directors
Financials and books look great (don't ask me how i know)

Dividends expected to be announced this month (Aug 2012)

Current trading at prices lower than before Proton deal was completed (previous high of RM3.30, now trading at 2.55 ::: as at 15/8/2012)
P/E of below 4

any proof?

Currently, selling Uni Asia is just side show, while they prep up for the biggest move, since DRB ate PROTON.

This time, to relocate assembly to Tanjung Malim plant (as evident in pumping RM1 billion to develop Proton City)
Then only can develop current landbank owned by Proton in Glenmarie. Estimated GDV should be more than RM10 billion.

Do u know when is their 1Q FY2012/2013 result?
Any dividen will be given?

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Added on August 17, 2012, 11:46 amThank you crashbandicoot. its up already. bought it at 2.55..
i think investors are now waiting DRB financial result and their good news.

This post has been edited by snake_eye: Aug 17 2012, 11:46 AM

last friday was a good trading day for DRB as the volume increased alot. hope there were large players entered into it. wednesday should be an interesting day for DRB.

(Reuters) - Volkswagen (VOWG_p.DE) labor representatives would not back any further acquisitions by the carmaker, especially of Malaysian firm Proton PROT.KL, the works council chief told a German newspaper.

Europe's largest carmaker is considering either a minority holding in Proton, the owner of UK sports-car manufacturer Lotus, or a controlling stake to tap demand in growing southeast Asian markets, sources told Reuters in July.

VW, which surpassed Toyota (7203.T) last year to become the world's second-biggest car maker, has been scooping up brands including Scania (SCVb.ST), MAN (MANG.DE), Porsche (PSHG_p.DE) and Ducati in recent years as part of an effort to overtake General Motors (GM.N) at the top of the industry by 2018.

"We already have 12 brands and we first have to stabilize the group," Bernd Osterloh told Handelsblatt in an interview to be published in the paper's Monday edition.

"Even though further sales and production sites in south-east Asia are important, there is no support from the labor side for a purchase of Proton."

(Reporting by Victoria Bryan; Editing by Susan Fenton)

today financial year statement release..
is it a good sign?even revenue is high but the profit is too low compare last year..
no dividen was announced..

no dividend ? That is bad news.

but the dividen for previous quarter FY is not announce yet..

4 cents dividend announced...

just nice..mostly invesment bank target are >RM3.50..
no worry to hold this counter..

It has been so quiet for too long. Thinly traded. Looks like a bloody fool side watching klse .... sigh

DRB spent too much money acquiring Proton , but this will be a very good long term investments , considering Proton have a lot of assets

but DRB got good amt of -ve goodwill too. They got more than what they paid.

Yep , I think they have big plans with Proton ( maybe use Proton infrastructure to assemble cars like VW & Lotus ? )

EPF buying a lot this counter this month..any positiv news for this bajet??

?????????

Any news on drb? Volume increased these few days

next candidate for privatisation..?