DRB-Hicom Bhd set tongues wagging last week when news came out that it was considering selling off its entire stake in national carmaker Proton Holdings Bhd to external investors.
The news clearly piqued investor interest, which resulted in the company’s shares hitting a seven-month high last Monday. The stock peaked at RM1.24 per share before paring down the gains to close at RM1.16.
While the news of the 100% disposal were quickly dismissed by DRB-Hicom, the writing on the wall was clear from the brief share price hike... do away with Proton.
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The news clearly piqued investor interest, which resulted in the company’s shares hitting a seven-month high last Monday. The stock peaked at RM1.24 per share before paring down the gains to close at RM1.16.
While the news of the 100% disposal were quickly dismissed by DRB-Hicom, the writing on the wall was clear from the brief share price hike... do away with Proton.
Click here for Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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