DRBHCOM (update)

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.

Stocks to watch

Stocks to watch on Friday, and comings weeks:

DRBHCOM
GAMUDA
DIALOG

-Currently, a lot of collection has taken place. Might be on the verge of a breakout. I personally like Gamuda warrants priced around 1.00+
-DRBHCOM bank issued warrants could be quite a good value bet too.
-Dialog in the meantime, could be a good medium term buy.

From now on....things will only get more difficult

It's getting harder and harder to guess the direction of the market.
For now, I'm still piling hopes on DRBHCOM. I think the worst could be over. Selling should stop anytime now.
Hang on...