This is the excerpt from Hwang DBS report on DRB HICOM today...
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DRB-Hicom announced it has signed a Memorandum Of Understanding (MOU) with KAMAZ Group from the Republic of Tatarstan to look into the possibility of manufacturing and assembling selected KAMAZ heavy duty trucks for the Malaysian and ASEAN market.
KAMAZ Group is the largest automobile corporation of the Russian Federation. OJSC KAMAZ ranks 13th among the world's top heavy truck manufacturers and is number 8 among the world's diesel engine producers. DRBHicom said that if the feasibility study proves to be positive, production could begin in the next 8 to 12 months.
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DRB-Hicom is certainly making efforts to further grow its automotive segment with this being the third JV/MOU this year after VW and Potenza Sports Car.
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We reaffirm our Buy rating and TP of RM3.55 based on a 20% discount to our SOP value.
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ONLINE STORE - salvadordali
1 month ago
Dali called to buy JCY @ 1.60 , JCY is now 0.77 , proof here >
ReplyDeletehttp://malaysiafinance.blogspot.com/2010/02/jcys-new-pricing.html
JCY looks likely to slash its IPO price to RM1.60 from an earlier indicative RM2.00. At RM1.60, its a good price level to get in. I still think its fair value is at RM1.80. Enough said.
Posted by Salvatore_Dali at 1:41 PM
Labels: JCY, Rannes Man
Hi neno,
ReplyDeleteIt seems like your comment has nothing to do with this post. I am merely showing the report from Hwang DBS.
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