Good123Malaysia-based conglomerate DRB-Hicom and Chinese automaker Zhejiang Geely Holding Group Co., Ltd. (Geely) have signed a joint venture agreement to develop the Automotive Hi-Tech Valley (AHTV) in Tanjong Malim, Perak in Malaysia.
13/02/2024 9:16 AM
Good123Geely is a Chinese automotive company, while DRB-HICOM is a Malaysian conglomerate with interests in various sectors, including automotive. Geely acquired a significant stake in Proton, a Malaysian automaker owned by DRB-HICOM, forming a partnership to enhance Proton's capabilities and expand its market presence. This collaboration has led to the introduction of new models and technology sharing between the companies.
13/02/2024 9:19 AM
Good123DRB-HICOM is a Malaysian conglomerate with diverse business interests, including automotive, services, and property. Geely's partnership with DRB-HICOM, particularly in the automotive sector, provides strategic opportunities for both companies. The collaboration allows Geely to access the Malaysian market and leverage Proton's existing infrastructure, while DRB-HICOM benefits from Geely's expertise, technology, and global automotive insights. This partnership is aimed at strengthening Proton's position in the automotive industry and fostering mutual growth and development.
13/02/2024 9:20 AM
Good123Proton, as a Malaysian automotive manufacturer, has shown significant potential in recent years. Its partnership with Geely has brought about advancements in technology, design, and market reach. The collaboration aims to enhance Proton's competitiveness, not only in Malaysia but also in the global automotive market.Proton's potential lies in leveraging Geely's expertise, accessing new markets, and introducing innovative models. Continuous investment in research and development, coupled with strategic partnerships, positions Proton to tap into the growing demand for sustainable and technologically advanced vehicles. Monitoring industry trends and consumer preferences will be crucial for realizing and maximizing Proton's potential.
13/02/2024 9:23 AM
Good123KUALA LUMPUR: Foreign investors continued their trend of net buying on Bursa Malaysia, with an inflow of RM400.7 million, marking the third consecutive week of net purchases, said MIDF Research.
Good123Good also, geely or its founder holds 10% stake in drb like in mercedes. Can ask for a seat in the board of directors
13/02/2024 10:44 AM
Good123Better to acquire quietly like geely did to Mercedes
13/02/2024 10:45 AM
Good123Drb is cheap, PE is below 10, net assets per share rm3.91
13/02/2024 10:46 AM
Good123DRB-HICOM Berhad is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. Wikipedia Subsidiaries: Proton Holdings, Puspakom, Edaran Otomobil Nasional, Pos Malaysia, More Stock price: DRBHCOM (KLSE) RM 1.36 +0.02 (+1.49%) 13 Feb, 11:38 am MYT - Disclaimer Parent organization: Etika Strategi Sdn. Bhd. Headquarters: Shah Alam Founder: Yahaya Ahmad Founded: 2000 ISIN: MYL1619OO005 Number of employees: Approx. 47,000
13/02/2024 12:39 PM
Good123Shareholder Yield for DRBHCOM is 10.4% and above peers
Good123Bank Muamalat Malaysia Berhad https://www.muamalat.com.my/investor-relations Bank Muamalat Malaysia Berhad – Shareholders WebJan 24, 2024 · The shareholders comprise DRB-HICOM, which holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares. DRB-HICOM Berhad is …
13/02/2024 3:03 PM
Good123Bank Muamalat Malaysia has the potential for growth and success, given its focus on Islamic banking. With the increasing demand for Sharia-compliant financial services, the bank can capitalize on this niche market. Continuous innovation, customer-centric strategies, and adapting to industry trends will be crucial for unlocking its full potential in the evolving financial landscape.
Khazanah Nasional Bhd plans to divest its entire 30% stake in Bank Muamalat Malaysia Bhd in the proposed merger between the lender and Malaysia Building Society Bhd (MBSB), sources say.
13/02/2024 3:57 PM
Good123Ipo for bank muamalat, spin off from drb hicom. Baik jugak
Good123Geely has been expanding its presence globally, acquiring brands like Volvo and investing in new technologies. While it may face competition, its strategic moves suggest potential for further growth in the global automotive market. Keep an eye on developments in the industry
13/02/2024 4:48 PM
Good123DRB-HICOM is a Malaysian conglomerate that operates in various sectors, such as aerospace, defence, automotive, banking, postal, and services¹. The company's share price has been on an upward trend since the beginning of 2024, reaching a 52-week high of RM 2.80 on February 13, 2024². Some of the factors that may contribute to the company's performance include:
- The successful completion of the sale of its 49% stake in Proton Holdings to China's Geely Automobile Holdings, which resulted in a net gain of RM 1.1 billion for the company³. - The strong demand for its defence products, especially the AV8 Gempita armoured vehicles, which have been delivered to the Malaysian Army and exported to several countries in the Middle East and Africa⁴. - The expansion of its postal and logistics business, which has benefited from the growth of e-commerce and the digital economy in Malaysia and the region⁵.
14/02/2024 8:44 AM
Good123Bank Muamalat is an Islamic bank in Malaysia that is 70%-owned by DRB-Hicom, a Malaysian conglomerate that operates in various sectors¹. DRB-Hicom acquired its stake in Bank Muamalat from Bukhary Capital, a company controlled by Tan Sri Syed Mokhtar Albukhary, in 2008². Bank Negara Malaysia, the central bank, approved the acquisition on condition that DRB-Hicom would eventually pare down its stake to at least 40%².
However, DRB-Hicom has not been able to find a suitable buyer or partner for Bank Muamalat, despite having talks with several local and foreign financial institutions over the years². The latest attempt was with Bahrain-based Al-Baraka Banking Group in 2010, but the deal did not materialize². DRB-Hicom has also considered listing Bank Muamalat on the stock exchange as a way to reduce its stake, but there has been no progress on this front either¹.
According to sources, Syed Mokhtar has no plan to exit the banking business and still intends to trim his stake in Bank Muamalat through a listing in the next two years or so¹. However, the banking industry is facing increasing challenges and competition, especially in the Islamic segment, which may affect Bank Muamalat's performance and valuation². Therefore, it is uncertain when and how DRB-Hicom will be able to divest its stake in Bank Muamalat. 🤔
14/02/2024 8:46 AM
Good123Buyers are accumulating drb shares in stages. A big wave is otw ;)
14/02/2024 8:54 AM
Good123IPO bagi bank muamalat ataupun jualkan kpd pihak lain.. wait n see
14/02/2024 9:35 AM
Good123tunggu berita terbaru, bank muamalat, harga boleh terbang jugak :)
14/02/2024 9:52 AM
Good123harga dah bottom out, tunggu ia melambung je kini
14/02/2024 9:53 AM
Good123mereka yg tak sabar, jualkan kpd mereka yg kaya tunai dan sanggup menunggu dan ada masa
14/02/2024 9:54 AM
Good123banyak perkara -harga boleh terbang... buyer for pos, bank muamalat/ipo jugak
Starting September, DRB-Hicom unit, PUSPAKOM, will operate alongside other licensed vehicle inspection service providers, ending its three decade monopoly. This is part of the Transport Ministry's efforts to reduce monopolies and introduce healthy competition. Daniel Fernandez, Managing Editor of dsf.my explains the impact of these developments.
03/04/2024 7:14 AM
Good123Greatly undervalued... Market cap only rm10mil+ few million RMs could wrest of control over mlabs n kick the hidden hand gang out kidding
03/04/2024 9:21 AM
WiraBolehNampaknya ia boleh pecah RM1.50 minggu ni
WiraBolehNational carmaker PROTON closed March and the first quarter of 2024 in a positive fashion with strong sales for its domestic and export markets. With 12,666 sales (domestic and export) reported,total sales for the quarter totalled 39,150 units with export sales currently 63% higher than last year.
