MENASIONASASIKAN REKAAN BUATAN MALAYSIA DENGAN SOKONGAN SEMUA PIHAK DEMI KEPULIHAN EKONOMI NEGARA ! !

Proton Exora MPV
Proton Exora MPV

 

 

                  Proton, DRB Hicom rally, buck weaker market

 

 

 

 

Written by Joe Chin   

Tuesday, 21 April 2009 09:20

 

KUALA LUMPUR: Share prices of Proton and DRB-Hicom rallied in early trade on April 21 following fresh corporate news that Proton would divest Proton Edar to Edaran Otomobil Nasional.

Proton rose as much as 17 sen to RM3.16 with 492,200 shares done while DRB-Hicom, which controls 79.05% of EON, added eight sen to RM1.16 with 5.17 million units done at 9.10am.

The 100-stock KL Composite Index fell 7.47 points to 960.9 in line with the pullback on regional markets after the overnight tumble on Wall Street.

The Edge FinancialDaily reported Proton was looking to inject its distribution arm Proton Edar into EOBN under a proposed consolidation of the fragmented automobile industry.

Sources said Proton will get EON shares in return for divesting Proton Edar. This would then see Proton and DRB-Hicom controlling the distribution of Proton cars.

Further Comments & Recommendation by another Stock Broking House, go here :  http://moneytalk.10diamond.com/?page_id=462 

 

Never Sooo Happy before ! Thumbs Up to Proton ! The "M-factor" !
Never Sooo Happy before ! Thumbs Up to Proton ! 

P/s :  More Catalysts to come, Akan Datang !  Patience is the Key to Success !

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