Proton news today

KUALA LUMPUR (Dec 2): Shares of PROTON HOLDINGS BHD advanced amid a cautious market on Friday as speculation of its takeover lured traders, especially after Daihatsu Motor Co Ltd of Japan reiterated its rejection of a Proton-Perodua merger.

The Edge Financial Daily reported on that Daihatsu, a key shareholder of Perodua, was standing firm against the idea of a merger between Perodua and Proton.

Daihatsu president Koichi Ina was quoted saying both companies have very different cultures and product lines and it's better to keep the individuality.

On Nov 29, UOB Kay Hian Research Malaysia upgrade Proton to a Hold from Sell previously raised its target price to RM3.05, after imputing a 15% discount (vs 30% previously) to RNAV.

“Should Proton be able to dispose the loss-making Lotus Group, every RM100 million raised from this potential disposal could add 20 sen/share to Proton’s RNAV,” it said.

The research house said there was some truth to the constant speculation of Proton’s impending takeover, after seeing Proton’s somewhat bullish share price action (uptrend but with high volatility) over the past two weeks, recent consolidation in the auto industry (MBM Resources buying Hirotako), ongoing reforms by ailing GLCs (eg Malaysia International Shipping Corporation (MISC) has just announced its decision to cease its liner operations, once thought to be a “sacred cow”).

Written by Joseph Chin of theedgemalaysia.com
Friday, 02 December 2011 15:16

proton hossay man...

[You must be registered and logged in to see this image.] i'm just watching the show only...

sifu zai hossay [You must be registered and logged in to see this image.]

bern din join the fun? cg, ch or ci??? [You must be registered and logged in to see this image.]
monday shud gap up a lot...

i am holding 1000lots CG at 0.135 and 550lots CH at 0.151~ [You must be registered and logged in to see this image.]

kaikiattan wrote:bern din join the fun? cg, ch or ci??? [You must be registered and logged in to see this image.]
monday shud gap up a lot...

i am holding 1000lots CG at 0.135 and 550lots CH at 0.151~ [You must be registered and logged in to see this image.]

bern make frm daytrade on friday liao [You must be registered and logged in to see this image.]

phoenix wrote:

kaikiattan wrote:bern din join the fun? cg, ch or ci??? [You must be registered and logged in to see this image.]
monday shud gap up a lot...

i am holding 1000lots CG at 0.135 and 550lots CH at 0.151~ [You must be registered and logged in to see this image.]

bern make frm daytrade on friday liao [You must be registered and logged in to see this image.]

Made 2025.61 on Proton-CG ... very kiasi ... no overnite [You must be registered and logged in to see this image.]

WinningHeart wrote:

phoenix wrote:

kaikiattan wrote:bern din join the fun? cg, ch or ci??? [You must be registered and logged in to see this image.]
monday shud gap up a lot...

i am holding 1000lots CG at 0.135 and 550lots CH at 0.151~ [You must be registered and logged in to see this image.]

bern make frm daytrade on friday liao [You must be registered and logged in to see this image.]

Made 2025.61 on Proton-CG ... very kiasi ... no overnite [You must be registered and logged in to see this image.]

wow...thats good money!!! grats~ [You must be registered and logged in to see this image.]

hey kkt......last time u said u hold harvest did u throw and load up dps on the same day?

phoenix wrote:hey kkt......last time u said u hold harvest did u throw and load up dps on the same day?

good memory u hv! [You must be registered and logged in to see this image.]

erm....forget which day it is. but wat i know is, i din trap in the designated harvest and i earned around RM15k from dps. [You must be registered and logged in to see this image.]