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[公司专区] 1619 DRBHICOM 多元重工業

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发表于 2011-2-26 17:14 | 显示全部楼层 |阅读模式
大家觉的这股可以拿长期吗?我已拿票大概有几个月觉的回报不错..这里好像没人谈这股.

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发表于 2011-2-26 17:17 | 显示全部楼层
大家觉的这股可以拿长期吗?我已拿票大概有几个月觉的回报不错..这里好像没人谈这股.
duncan2 发表于 2011-2-26 17:14

哦原来真的没有专区啊
之前这里有人炒过一轮了,这里应该没什么人做长期。

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发表于 2011-2-26 17:28 | 显示全部楼层
本帖最后由 JackyChoo 于 2011-2-26 17:42 编辑
大家觉的这股可以拿长期吗?我已拿票大概有几个月觉的回报不错..这里好像没人谈这股.
duncan2 发表于 2011-2-26 17:14


本身意见,DRBHCOM 中短期还可以,要长期买蓝筹股吧!不过现在不是最佳时候,再等待吧!

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 楼主| 发表于 2011-2-26 17:59 | 显示全部楼层
回复 3# JackyChoo


    但很多评语都说这股直的RM3以上而且PE又不高,去年NET PROFIT上升在加上和VW合作等..今年TP应该有可能2.5吧..先在又给div但很少八了..

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发表于 2011-2-26 18:18 | 显示全部楼层
本帖最后由 JackyChoo 于 2011-2-26 18:25 编辑
回复  JackyChoo


    但很多评语都说这股直的RM3以上而且PE又不高,去年NET PROFIT上升在加上和VW合作 ...
duncan2 发表于 2011-2-26 17:59


之前我有投资过这只股,那时才1.35不过我上网找了很久都没有任何分析员评估过,但现在股价已经2.05了却有好多所谓的分析员开始出来评估他的价值了。 自己想想吧!祝你好运

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发表于 2011-2-26 18:21 | 显示全部楼层
之前已经有念头要开一个专区的了,被人抢先了。
DRBHCOM 给过我50%return
要注意的是它的管理层(莫实达是大股东)还有债务很多,不过是包含bank mualamat的帐务,我看了都头拧拧,看不懂的财务报表。
至于公司的政治因素不用多说,拿到很多project还替大马国防部做军用车。

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发表于 2011-2-26 20:23 | 显示全部楼层
多元重工業第3季淨賺1.1億

(吉隆坡25日訊)多元重工業(DRBHCOM,1619,主板工業股)2011財政年第三季淨利(截至12月31日)按年成長6.35%,至1億1009萬8000令吉,去年同期為1億零352萬8000令吉。

此外,其營業額從去年同期的15億7307萬1000令吉,按年上揚2.02%,至16億零491萬5000令吉。

另外,該公司首九個月淨利按年激增87.88%,至4億零7萬2000令吉,去年同期為2億1293萬8000令吉;其營業額則從去年同期的47億2405萬1000令吉,按年上升1.74%,至48億零617萬4000令吉。

同時,該公司宣佈派發每股2仙的中期毛股息。

另一方面,多元重工業也發文告宣佈,其子公司--Puspakom與大馬政府簽署特許經營權協議,以進行汽車檢驗和測試、經營,管理和維修汽車測試中心、發出檢驗證書、以及收取和保留每項檢驗的費用。

該公司指出,這項協議讓該公司能夠持續目前的汽車檢驗和測試活動,進一步加強多元重工業的服務領域。同時,估計這項協議能夠為該集團未來業績帶來正面的貢獻。

http://www2.orientaldaily.com.my ... A500RW722Qh2jO76t73

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发表于 2011-2-28 17:37 | 显示全部楼层
HDBSVR: DRB-Hicom on track for record year

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) said DRB-Hicom Holdings Bhd is on track for a record year.

It said on Monday, Feb 28 that DRB-Hicom reported 3QFY11 net profit of RM110m (-17% qoq, +6% yoy), taking 9MFY11 net profit to RM400m (+88% yoy).

“This is in line with our RM539m forecast for the full year. While 3QFY11 automotive revenue fell 24% qoq to RM800m, EBIT was 14% higher at RM59m with margins expanding to 6% from 4% a quarter ago,” it said.

HDBSVR said this was likely due to better scale and overall lower costs for assembly and manufacturing.

Meanwhile, the 9MFY11 automotive division EBIT surged six-fold to RM133m. And services division EBIT - largely driven by its bank and concession businesses – inched up 3% to RM282m (63% of group EBIT). DRB declared 2 sen gross interim DPS.

“Next catalysts. These are: (i) conversion of LOI for Deftech worth a potential RM8bn with lucrative margins, and (ii) privatization of Alam Flora in other states in Malaysia, which had received approval from Parliament a few years ago,” it said.

HDBSVR said it believed the conversion of LOI to LOA is forthcoming given the recent agreement between Deftech and FNSS Turkey to purchase 257 units of armoured carrier frames coupled with the intellectual property rights.

The research house said this will also allow it to export to the Asia-Pacific region. We have not factored these into its SOP value or EPS.

“In the medium term, the eventual divestment of 30% of Bank Muamalat (RM600m at 1.4x BV) and revival of property launches will boost FCF and may pave the way for a more formal dividend policy.

“High conviction BUY, TP RM3.55. The stock still offers unbeatable value at 6.4x FY12F PE and 0.7x P/NTA. Our target price, based on 20% discount to SOP, offers 79% upside,” it said.

http://www.theedgemalaysia.com/b ... or-record-year.html

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发表于 2011-3-7 23:08 | 显示全部楼层
DRB-Hicom unit DefTech accepts RM7.55b govt contract for armoured vehicles

KUALA LUMPUR:  DRB-HICOM BHD []’s unit DRB-Hicom Defence Technologies Sdn Bhd has accepted the letter of award from the federal government for a RM7.55 billion contract to supply armoured wheeled vehicles (AWV).

The company said on Monday, March 7 DefTech had accepted the letter, dated Feb 23, to design and supply 257 units of the 8x8 AWV, which will be in eight variants.

“The contract valued at RM7.55 billion is for a period of seven years commencing from 2011,” it said.

DRB-Hicom said the contract would spur and enhance the growth of the economy via transfer of advanced defence technologies from its TECHNOLOGY [] partners and original equipment manufacturers (OEM), research & development and local vendors development.

http://www.theedgemalaysia.com/b ... oured-vehicles.html

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发表于 2011-3-8 10:39 | 显示全部楼层
HDBSVR sets new target price of RM3.80 for DRB-Hicom        
Written by theedgemalaysia.com   
Tuesday, 08 March 2011 08:39


KUALA LUMPUR:  DRB-HICOM BHD []’s unit DRB-Hicom Defence Technologies Sdn Bhd securing of the government contract to  supply 257 units of armoured wheeled vehicles (AWV) worth RM7.55 billion has prompted Hang DBS Vickers Research to set a new target price of RM3.80.

On Monday, March 7, DefTech accepted the letter of award from the federal government for the contract to supply armoured wheeled vehicles (AWV). The contract is to design and supply 257 units of the 8x8 AWV, which will be in eight variants. The contract valued at RM7.55 billion is for a period of seven years commencing from 2011.

HDBSVR said it expects a substantial rerating with this newsflow and as the market tags a higher premium to its services business.

“Our new TP of RM3.80 factors in some contribution from the Deftech contract - PE of 15x of CY12 earnings, tagged to our target market PE given it has virtually monopoly in this business,” it said.

It raised its FY12-FY13F EPS by 3%-10% by assuming contract tenure of seven years, 12% pretax margins, maintenance is back ended and there is three and 12-months recognition in FY12-13F respectively.

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发表于 2011-3-8 15:25 | 显示全部楼层
DRB-Hicom up in active trade on RM7.55b govt contract

KUALA LUMPUR: DRB-Hicom shares and its warrants rose in active trade on Tuesday, March 8, as trading interest was underpinned by its unit DRB-Hicom Defence Technologies Sdn Bhd’s success in securing the RM7.55 billion government defence contract.

At 9.10am, the FBM KLCI was up 9,18 points to 1,524,92. Turnover was 56.11 million shares valued at RM57.95 million. There were 127 gainers, 31 losers and 76 stocks unchanged.

DRB-Hicom rose five sen to RM1.90, the call warrants, DRB-Hicom-CD added one sen to 14.5 sen, DRB-Hicom-CC two sen to 39.5 sen and DRB-Hicom-CE 1.5 sen to 14.5 sen.

Hang DBS Vickers Research to set a new target price of RM3.80 for DRB-Hicom after was contracted to supply 257 units of armoured wheeled vehicles (AWV) worth RM7.55 billion.

On Monday, March 7, DefTech accepted the letter of award from the federal government for the contract to supply armoured wheeled vehicles (AWV). The contract is to design and supply 257 units of the 8x8 AWV, which will be in eight variants. The contract valued at RM7.55 billion is for a period of seven years commencing from 2011.

HDBSVR said it expects a substantial rerating with this newsflow and as the market tags a higher premium to its services business.

“Our new TP of RM3.80 factors in some contribution from the Deftech contract - PE of 15x of CY12 earnings, tagged to our target market PE given it has virtually monopoly in this business,” it said.

It raised its FY12-FY13F EPS by 3%-10% by assuming contract tenure of seven years, 12% pretax margins, maintenance is back ended and there is three and 12-months recognition in FY12-13F respectively.

http://www.theedgemalaysia.com/b ... -govt-contract.html

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发表于 2011-3-8 15:36 | 显示全部楼层
75.5億裝甲車合約‧多元資源獲上調財測

    * 大馬財經
    * 即時新聞

2011-03-08 13:52

(吉隆坡8日訊)多元資源工業(DRBHCOM, 1619, 主板工業產品組)攫獲總值達75億5千萬令吉的裝甲車合約。據瞭解,這項合約也包括維修與訓練,首部裝甲車估計最早在2012年出爐。


黃氏唯高達研究依合約期限7年、稅前賺幅12%,上調2012至2013財政年每股盈利3到10%,兩年淨利預測各為6億零900萬與6億8千600萬令吉。

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发表于 2011-3-8 19:02 | 显示全部楼层
March 8, 2011 17:42
獲76億裝甲車合約
多元資源母子股火熱


報導:張潔瑩

(吉隆坡8日訊)多元資源(DRBHCOM,1619,主要板工業)再獲大型合約,今日股價受國防部總值76億令吉合約激勵,母股憑單爭上十大熱門股榜。

黃氏星展唯高達證券研究分析師認為,隨著一個個合約入袋,多元資源已從汽車股項進化成綜合企業,因此將多元資源目標價格從3.55令吉上調至3.80令吉。

“這項消息將對公司帶來正面影響,投資者料對公司服務給予更高評價。”

分析報告中指出,以7年合約計算,公司在2012至2013財年的每股盈利(EPS)料增3%至10%,稅前盈利賺幅則可能達12%。

多元資源昨日宣佈,子公司Deftech獲政府頒發總值75億5000萬令吉的裝甲戰鬥車(AV8)合約。

該為期7年的合約包括設計、發展、製造、組裝、供應和遞送12種不同的裝甲車,總數達257輛。

閉市揚9仙

Deftech亦剛于去年與土耳其FNSS和南非的DENEL防務公司合作,打造首部國產裝甲戰鬥車。

今早開市時,多元資源與旗下3隻憑單即在利好帶動下翩翩起舞,母子股項皆以起幅迎市,母股開市揚5仙至1.90令吉,交投熱烈登上十大熱門股榜。

休市時,多元資源升幅擴大至7仙,掛13.92令吉,成交量1098萬8800股。

其他交投活躍的憑單包括多元資源-CC、多元資源-CD和多元資源-CE。

閉市時,母子股項續稱霸熱門榜席位,多元資源揚9仙至1.94令吉,成交量2100萬1500股。

http://www.chinapress.com.my/con ... mp;art=0309bs10.txt

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发表于 2011-3-8 22:01 | 显示全部楼层
DRB-Hicom unit secures RM7.6b armoured vehicle contract

KUALA LUMPUR: DRB-Hicom Bhd’s wholly owned subsidiary, DRB-Hicom Defence Technologies Sdn Bhd (Deftech), has secured a RM7.55 billion contract from the government to provide armoured wheeled vehicles (AWV).

In a filing with Bursa Malaysia yesterday, the group said Deftech had accepted a letter of award dated Feb 23 from the government involving a contract to manufacture, supply and deliver 257 units of 12 variants of 8x8 AWV for a period of seven years starting 2011.

DRB-Hicom noted the RM7.55 billion contract would not have any material effect on the earnings, gearing and net assets of the group’s financial year ending March 31 but would contribute positively to its future earnings.

The company also said that Deftech would own its first intellectual property rights on AWV systems and sub-systems.

“Many new local OEMs (original equipment manufacturers) will be created through direct and indirect foreign investments during the duration of the contract and this will generate increased employment for the local defence industry,” it said.

DRB-Hicom added that close collaboration with its technology partners and principal OEMs would create a knowledgeable workforce for the local defence industry including acquiring competencies in project management, supply chain management particularly defence business processes and systems engineering.

HwangDBS Vickers Research noted in a report yesterday that the letter of award received by DRB-Hicom was imminent.

“This intellectual property rights will also allow it to export to the Asia-Pacific region. We have not imputed this contract into our earnings and SOP (sum-of-parts) value,” it said.

The local research house reaffirmed its “buy” rating and target price of RM3.55 on DRB-Hicom based on a 20% discount to its SOP value, adding that the recent selldown was overdone and offered an opportunity to accumulate ahead of this newsflow.

It added that DRB-Hicom’s 3QFY11 results also showed the group was well on its way towards a record year.

DRB-Hicom’s net profit for 3QFY11 rose 6.4% to RM110.09 million from RM103.52 million a year ago on the back of a stronger revenue of RM1.6 billion versus RM1.57 billion. Basic earnings per share grew to 5.69 sen in 3QFY11.

For the 9MFY11, the group’s net profit surged 88% to RM400.07 million from RM212.93 million in the same period the year before while revenue climbed to RM4.8 billion from RM4.72 billion.

DRB-Hicom had announced on Bursa Malaysia in April 2010 that Deftech had received a letter of intent from the government to manufacture, supply and deliver 12 variants of the 8x8 AWV. The letter had provided the platform for Deftech to commence negotiations with the government on the detailed commercial and technical terms and conditions for the project.

DRB-Hicom added four sen yesterday to close at RM1.85 with a turnover of 10.22 million shares. The counter has contracted 4.64% year-to-date.

The company’s net assets per share stood at RM2.54 as at Dec 31, 2010.

http://www.theedgemalaysia.com/i ... hicle-contract.html

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发表于 2011-3-9 15:48 | 显示全部楼层
多元資源估值低‧獲巨額合約財測上調
業績評論 2011-03-08 19:16

(吉隆坡8日訊)多元資源工業(DRBHCOM, 1619, 主板工業產品組)攫獲總值達75億5千萬令吉的裝甲車合約,促使分析員上調2012至2013財政年每股盈利3至10%,同時相信該公司不再只是汽車股,資產多元下具龐大重估潛力。

據瞭解,這項合約也包括維修與訓練,首部裝甲車估計最早在2012年出爐。

黃氏唯高達研究依合約期限7年、稅前賺幅12%,上調2012至2013財政年每股盈利3到10%,兩年淨利預測各為6億零900萬與6億8千600萬令吉。

股價一度揚11仙

消息激勵,該公司股價走高,一度揚升11仙,至1令吉96仙,並以1令吉94仙作收,揚升9仙。

黃氏唯高達相信,多元資源工業目前只以2012財政年本益比6倍與賬面值0.6倍交易,估值偏低,部份歸咎於市場僅視該公司為汽車股的錯誤觀念。

事實上,該公司在2007或2008年注入Muamalat銀行與Rangkai Positif專利經營權,已經改變盈利組合,促使服務在2010財政年貢獻稅前盈利65%。該公司也擁有創造現金的資產,有些題壟斷性質,諸如進行廢料管理服務的Alam Flora與國家汽車檢驗中心的Puspakom,兩家公司專利經營權也分別在2006和2009年更新,經營權分別是25年和15年。

另外,產業的貢獻預料在重新推介柔佛的國產車城和沙阿南的GLENMARIE土地後才會增加。

作為綜合財團,研究名單的股項估值本益比和賬面值分別是15倍和1.4倍;作為汽車股的估值則是8倍和1倍。

非汽車股
而是綜合財團


多元資源工業更適合歸納為“綜合財團”,因此,予“買進”評級與目標價3令吉80仙,意味2012財政年倍本益比12倍與賬面值1.3倍,該估值更能反映該公司的實質價值。

在新聞流與市場對其服務業務的估值提高下,該公司預見該股龐大的重估潛力。

星洲日報/財經‧2011.03.08

http://biz.sinchew-i.com/node/44739

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发表于 2011-4-11 21:34 | 显示全部楼层
DRB-Hicom falls to seven-day low of RM2.30

KUALA LUMPUR: Shares of DRB-Hicom fell to a seven-day low of RM2.30 in late afternoon on Monday, April 11, in line with the cautious market as investors took profit.

At 3.03pm, the FBM KLCI was down 11.71 points to 1,545.78. Turnover was 885.58 million shares valued at RM1.09 billion. Declining stocks hammered advancers 629 to 168 while 247 counters were unchanged.

DRB-Hicom fell 16 sen to RM2.30 the lowest since March 31. There were 14.59 million units done.

Its recent high was RM2.48 on April 6.  Its net asset per share as at Dec 31, 2010 was RM2.54.

There are expectations that the successful bidder of Khazanah Nasional Bhd’s 32% stake in POS MALAYSIA BHD [] would be announced at the Invest Malaysia conference on Tuesday-Wednesday.

Hwang DBS Vickers Research said DRHB-Hicom was expected to be among the front runners for the stake and it recently had a Buy with a Target Price of RM3.80.

The others seeking a stake in Pos Malaysia are Nationwide Express (Not Rated) and Amanah REIT-Malaysia Pacific Corp venture (Not Rated).

http://www.theedgemalaysia.com/b ... y-low-of-rm230.html

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发表于 2011-4-12 14:31 | 显示全部楼层
KUALA LUMPUR: CIMB Retail Research has a Sell on DRB-Hicom at RM2.27 after it violated its wedge support on Monday, April 11 on rising volume.

It said on Tuesday, April 12 that it seems that the selling pressure is picking up fast.

"If our count is right, prices should continue to correction over the next few days, possibly towards its 30-day and 50-day SMAs at RM2.09-RM2.06 range,” it said.

DRB-Hicom said technical landscape is showing signs of exhaustion. MACD is poised for a negative crossover while RSI has fallen out from its overbought territory.

“Use any rebound towards the RM2.50 highs to sell into strength. On the downside, support is seen at RM2.16, RM2.06 and RM1.93,” it said.

http://www.theedgemalaysia.com/b ... lling-pressure.html

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发表于 2011-4-12 17:36 | 显示全部楼层
DRB down amid talk of bagging 32% of Pos Malaysia

KUALA LUMPUR: Diversified group DRB Hicom Bhd shares slipped 19 sen or 7.7% to end trading at RM2.27 yesterday, with some 21 million shares changing hands.

The sharp fall in the company’s shares yesterday came amid speculation it had won the bid to buy a 32% stake in Pos Malaysia Bhd from state-controlled investment arm Khazanah Nasional Bhd. The announcement is expected today at the Invest Malaysia 2011 forum.

The reason for the downward spiral in the company’s shares is unknown. Other than the reported bid for Pos, in March this year DRB had announced winning a RM7.55 billion defence contract to design, develop, manufacture, commission, supply and deliver 257 armoured wheeled vehicles to the government over a seven-year period.

For the nine months ended December 2010, DRB posted a net profit of RM400.07 million or 20.69 sen a share, on the back of RM4.81 billion in revenue.

DRB is 55.92% controlled by low-key businessman Tan Sri Syed Mokhtar Al-Bukhary.

http://www.theedgemalaysia.com/i ... f-pos-malaysia.html

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发表于 2011-4-13 23:13 | 显示全部楼层
DRB-Hicom’s Puspakom in MoU with govt for hire purchase inspection

KUALA LUMPUR: DRB-HICOM BHD []’s unit Puspakom Sdn Bhd has signed an MoU with the government to undertake the hire purchase inspection services for all vehicles.

DRB-Hicom said on Wednesday, April 13, the inspection services would be undertaken following the implementation of the newly amended Hire-Purchase Act 1967 (Amended 2010).

“The parties shall undertake the necessary steps to provide technical co-operation in various areas amongst others including the scope of inspection, method and preparation of inspection report, equipment and inspection facilities, and training and investigation,” it said.

DRB-Hicom said the hire purchase inspection would involve a “Hire Purchase 7 Points Inspection Specification” on all motor vehicles sent to Puspakom.

http://www.theedgemalaysia.com/b ... ase-inspection.html

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发表于 2011-4-15 09:35 | 显示全部楼层
RHB Research initiates coverage on DRB-Hicom with outperform rating

KUALA LUMPUR: RHB Research has initiated coverage on DRB-HICOM BHD [] with an outperform recommendation at RM2.30 with a fair value of RM3.15 and said the company had significant dealflow potential that could continue to yield new business contracts going forward.

It said on Friday, April 15 that DRB-Hicom has largely flown under investors’ radar since its acquisition by Etika Strategi and induction into the Albukhary Group of companies in 2005.

The ensuing years saw a makeover of the Group’s businesses that included the acquisition of Bank Muamalat and Rangkai Positif and the disposal of non-core assets.

“DRB-Hicom is today an expansive industrial conglomerate with a dazzling array of assets grouped under three operating divisions that offer strong growth potential as well as a high degree of earnings resilience.

“We believe DRB-Hicom has significant dealflow potential that could continue to yield new business contracts going forward.  DRB-Hicom has solid financials with significant balance sheet capacity to fund new businesses,” it said.

RHB Research said its sum-of-parts derived valuation of its various businesses amounted to RM4.20 per share.

“After ascribing a 25% holding company discount, we arrive at our fair value for the stock of RM3.15 per share.

“PER valuations of 7.7 times and 6.6 times FY12 and FY13 respectively are undemanding, considering the implied 3-year FY10-FY13 recurring net profit CAGR of 37.1%,” it said.

http://www.theedgemalaysia.com/b ... perform-rating.html

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