CIMB Research retains underweight on auto sector, DRB-Hicom top pick

20 Dec 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research is maintaining its Underweight call on the automotive sector given the persistent weakness in consumer sentiment and potential margin erosion from higher operating expenditure and intense competition. It said on Wednesday the sector trades at 1.1 times CY18F price-to-book ...
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Proton’s top dealers visit Geely operations in China

15 Dec 2017 - The Star Online
PETALING JAYA: Proton Holdings Bhd recently invited 28 top Proton dealers on a trip to visit Zhejiang Geely Holding Group Co Ltd in China. This was in line with Proton’s plan to showcase how Geely dealers operate centres in Shanghai. Proton said in a statement that the dealers comprised sales and service ...
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DRB-Hicom turns a profit due to Govt's R&D grant, better performance

30 Nov 2017 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd swung to profitability in the second quarter ended Sept 30, 2017, thanks in part to the recognition of the Government’s RM1.1bil research and development (R&D) reimbursement grant to Proton Holdings Bhd. In its interim financial report, the company said it posted earnings ...
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Local automakers can learn from China’s success, says DPM

9 Nov 2017 - The Star Online
SERDANG: The local automotive industry needs to proactively look at the strategic partnership between DRB-Hicom Bhd and China’s Geely Holding Group Co Ltd in the ownership of Proton Holdings Bhd to revive exports of national cars, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said. He said major ...
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The bigger picture

7 Oct 2017 - The Star Online
If Proton wants to have a global view, it must have a global team in place IF we listen to the race-laced statements of some of our politicians and self-appointed communal leaders, no non-Malays and foreigners should hold any top government post, including government-linked companies. The rambling and ...
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DRB-Hicom gets flexibility in managing asset pool pledged to Govco

6 Oct 2017 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd and the Government have entered into an asset exchange agreement that varied earlier-proposed terms, giving the company more flexibility in managing a pool of assets to be pledged as collateral to the Government. The creation of the first charge of certain identified assets ...
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Proton gets RM1.1b R&D reimbursement grant

6 Oct 2017 - The Star Online
KUALA LUMPUR: Proton Holdings Bhd's manufacturing unit has received its research and development (R&D) reimbursement grant of RM1.1bil on Friday, which is the latest positive news for the loss-making national car maker. DRB-Hicom said Perusahaan Otomobil Nasional Sdn Bhd (PONSB) had received the reimbursement ...
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Proton revitalisation on track, says CIMB Research

2 Oct 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research is positive on the latest development in Proton with the appointment of Dr Li Chunrong as the new CEO for Perusahaan Otomobil Nasional Sdn Bhd (PONSB) as the market awaits details of the transformation plan. It said on Monday that in 10 weeks, he intends to unveil ...
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Proton’s recovery roadmap to be out in 10 weeks

30 Sep 2017 - The Star Online
National carmaker may be profitable in 3 to 5 years Li Chunrong, the newly appointed chief executive officer (CEO) of Proton manufacturing arm Perusahaan Otomobil Nasional Sdn Bhd (PONSB), will unveil a transformative plan encompassing eight topics to improve the operations of the company. Among the ...
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A new man to drive Proton

30 Sep 2017 - The Star Online
PETALING JAYA: China’s Dr Li Chunrong (pic) takes over as the first non-Malaysian to head Proton Holdings Bhd’s manufacturing arm on Monday, with a promise to draw up a recovery roadmap for the company within 10 weeks. If he has his way, the Proton brand will regain its glory days in five years and the ...
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