So, the show begins!
DRBHICOM will be selling Uni Asia, its stakes should be fairly valued around RM250 million.
Next, I forsee the moving of Proton's assembly to it's under-utilized Tanjung Malim plant, where coincidentally it wants to invest RM1 billion to develop Proton City.
That said, solving the problem of plant under-utilisation is currently still a thorn on DRB's side. Moving current assembly from it's plant in Glenmarie, Shah Alam should be a good thing. Besides, we can look forward further for it to re-develop Proton's valuable land parcel in Glenmarie. By some estimates, should the parcel of land be developed, it should have a GDV (Gross Development Value) of at least RM10 billion.
So you see, how valuable the PROTON deal was? TP for DRBHICOM should be retained at RM4.00 for now. Though I forsee at least a humble RM5.00 in the near future.
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