Bursa Alert
Global Market
NewsHot Stock Delloyd rises 5 % after reports on multi-billion auto investments
Page 1 of 1
Hot Stock Delloyd rises 5 % after reports on multi-billion auto investments
by Cals Fri 11 Apr 2014, 01:30
| Hot Stock Delloyd rises 5 % after reports on multi-billion auto investments |
| Business & Markets 2014 |
| Written by Jonathan Gan of theedgemalaysia.com |
| Thursday, 10 April 2014 16:50 |
KUALA LUMPUR (Apr 10): Shares of Delloyd Venture Bhd, an auto parts maker cum plantation company, were actively up today after Parliament was told of a new RM2 billion investment from China.
At 4:19 pm today, the company's share rose 19 sen or 5% to RM4 per share with 427,900 shares traded. The share had attained a high of RM4.03 in mid-afternoon trades.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed, in reply to a question from Member of Parliament Dr Noor Azmi Ghazali yesterday, announced a new investment from China in the automotive sector that involves RM 2 billion.
The stock rise also came on the back of a Frost and Sullivan report stating that Malaysia is set to see a boom in the vehicle market.
Consulting Analyst Ms Silka Yosa said: “The automotive aftermarket sector in the three largest ASEAN markets – Indonesia, Thailand and Malaysia -- is positioned for high growth as millions of new vehicles enter the market.”
“The growth rates for products such as wipers, clutches, compressors, filters and brakes are expected to be high, in the region of 13 percent annually for the next 5-7 years, due to the boom in ASEAN vehicle sales,” she added.
Delloyd makes some products mentioned in Yosa’s report.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Hot Stock E&O rises as much as 12% after getting approval for multi-billion reclaimation project
» The 4 PR states RM25 billion investments have beat the other 10 BN states attracted 53% of Malaysia's total investments of RM47.2 billion in 2010
» Sept 9th - Stock to Watch IFCA MSC, Eversendai, CAP, Delloyd Ventures, Berjaya Auto, Ho Hup Construction, oil and gas related stocks
» Hot Stock Delloyd rises as high as 7% on privatisation move
» Hot Stock Eco World rises 7% after glowing analyst reports
» The 4 PR states RM25 billion investments have beat the other 10 BN states attracted 53% of Malaysia's total investments of RM47.2 billion in 2010
» Sept 9th - Stock to Watch IFCA MSC, Eversendai, CAP, Delloyd Ventures, Berjaya Auto, Ho Hup Construction, oil and gas related stocks
» Hot Stock Delloyd rises as high as 7% on privatisation move
» Hot Stock Eco World rises 7% after glowing analyst reports
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum