jz bought at 1.61
target price will be at 2.5 or 2,.6

Beware, this is a crony company...Election is coming so up up up goreng....After gain better run else kena trap and wait for another election!

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

"strong proxy to the consumption story."

If you look at how Hap Seng rise from 2++ to 7++ in such a short time and still going up everything is BOLEH! Looking at how bullish the automotive market with many new models launching, I am going to wait a little longer. Who knows it can go up to 3++?

However, he declined to narrow the identity of the "winner" but said the names would be submitted to the board later this month.

Among the criteria set for the bidders are ability to provide good premium and unlock Pos Malaysia's values, he told reporters on the sidelines of Invest Malaysia 2011.

News reports and research houses had suggested that the three shortlisted bidders were DRB-HICOM Bhd, NATIONWIDE EXPRESS COURIER SER []vices and a Amanah REIT-Malaysia Pacific Corp joint venture, with offers ranging between RM3.38 and RM4.62 per share. The other two bidders were Scomi Bhd and TRICUBES BHD

Their customer is quite gooding ...     

On 25/07/2011, 1.4 million of DRBHicom shares were sold at about RM0.30 below the market price. Error or manipulation?

Point 1
The shares were sold by a bank-backed broker (The Edge). Client unknown.
Selling were done at the last minutes during pre-closing.

Point 2
Total quantity 1.4 million. Price at RM1.95, about RM0.30 below market price

... SNIP ....

Point 10
How much saving of DRBHCOM-CE the Issuing House get, assuming all 90,000,000 shares are in the hands of public and not the Issuing House.
RM0.15 ' RM0.12
X 90,000,000
= RM2.7 million ! ! ! ! ! ! ! ! ! !

If I am not mistaken, the maximum unit per order is 500,000. I'm not sure whether dealer doing for Institutional clients can have more than 500,000 per order. If it is 500,000, then the dealer needs to key-in at least 3 times for all the 1.4mil shares. Meaning if mistake or error, the dealer made at least 3 mistakes or errors.

I'm not concern who is the broker who sell the shares, because institutional client normally have many accounts with many brokers. The main point is the shares were sold at RM0.30 below market price.

Look at my long statement:
Dealer keyed-in more than 3 times, at price of at least RM0.30 below the market price, at the last minutes during pre-closing, at a very huge quantity during a fairly quiet market, make a loss of only RM420,000 while the potential gain/saving by the Issuing House may be up to RM2.7 million, and it was a mistake.


What do you think?