Wednesday, March 30, 2011

DRBHCOM's spectacular run!


DRBHCOM just continue to rise with both local institution and retailers loading up on the stock in anticipation of equity market recovery and future growth story for the conglomerate.... Latest news of DRBHCOM's bid for POS stake from khazanah is not a surprise... on offer price alone, DRBHCOM is certainly one of the favourite to clinch the deal. Whether the deal will benefit DRB in the long run? the answer is YES. Strategically the stake will enable DRBHCOM to "unlock" more values.... not surprising if DRBHCOM will embark on more value unlocking activities in the future given the positive sentiment on the equity market...

Like I said, its management has done a great job since the turn over and I expect the stock to rise further and hover at probably ~RM2.50 before going further depending on the market condition and impending news and announcement.
Congratulations to those who follow and bought earlier... :)
Stellar ROI indeed!!!

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