PROTON OH! PROTON

[richard188]

Proton lost 92sen . Lets see if it can fall to below RM3.00.

As it is they are incapable of surviving on their own. Their cash in bank will deplete fast. Last year alone 1.5 billion if I am not mistaken. So won't be long before it goes bankrupt.

[Sciencegto]

I think soon Idris Jala also gov ask him to jump into this company..Idris Jala like a mechanic for lousy company

[richard188]

5 Reasons Why You Shouldn’t Investing Proton Stocks

Stocks of Malaysian auto maker Proton Holdings Bhd (KLSE: PROTON, stock-code 5304) used to be the darling for local investors investing in the only automobile stock in the country. It was considered one of the unofficial blue-chips stocks and often categorized as preferred stock under investors’ portfolio. But those were the history back in 1990s before the 1997-1998 Asia Economic Crisis. It was a protected market back then.

After the Crisis, economic was in a mess – property, banking, retails, automobiles and basically all sectors were in downtrend. People lost almost all their savings investing in Malaysian stocks – or at least in paper-lost. People were holding from spending, simply because retrenchment which wasn’t heard before becomes the buzzword on the street. Needless to say, sales of automobiles took the nosedive.

Then the former premier Mahathir decided to handover the baton to current Badawi. Instead of continueing his predecessor’s policies (which very much bending towards cronyism and nepotism), Badawi reverse and steer the country’s policies towards the other way. Not that the new direction becomes better but Malaysian had the choice of choosing new cars which at least better-equiped with basic security features such as air-bag and ABS (anti-braking-system). Most of the accidents happened on Malaysia road result in fatality due to the lack of safety features.

When Honda launched their new generation of 1.5-liter Honda City and Toyota their 1.5-liter Vios 4 years ago, it was selling like hot-cakes despite its’ higher price ranging from RM 78,888 to RM 85,000. Though the price is slightly higher than Proton’s model, many Malaysian consumers who were sick and tired of low quality and after-sales maintenance of Proton’s cars chose Honda and Toyota.

Having said that, should you as an investor consider investing in Proton’s stocks? I would conclude the following reasons as the justification to stay clear of Proton’s share, at least in short to medium term.
Sales have been decreasing and will continue to slides. For the three months ended Dec-2006, Proton continues to register quarterly losses of RM 281.45 million (USD 82 million). In fact if you refer to the five-year financial highlight, the EPS (earning per share) demonstrates an excellent reverse-healthy trend – dropping consistently from 216 cents per share in 2002 to 8.5 cents in 2006. You can see the figures here. And we’ve not even open up 100% of the automobile’s market to the world. As an investor, would you invest in such a company?
One of the basic fundamental rules in investing a company is to investigate their management prior to pump in your hard-earned money. Former premier Mahathir’s personal agenda aside, current Proton has indeed a very weak management team who couldn’t drive the organization to a better direction. Quality asides (not that they can do anything in improving it after more than 20-years in the automobile industry), Proton simply does not have a capable team to even produce attractive models. To survive in global automobile industry, you have to constantly produce new models for ever-demanding consumers. The most recent Proton Savvy and Gen2 were not successful in turning around the already sick company
Proton does not have the innovative and know-how in designing an appealing models. Let’s face it, if the huge and expensive Proton team has half the creativity and design ability of Honda, Nissan or Toyota, Malaysian won’t be driving the still-in-production model launched more than 10-years ago. Hence the need to find a foreign partner such as Germany's Volkswagen (FRA: VOW) or U.S. car giant General Motors Corp. (NYSE: GM, stock), of which the talk with Volkswagen already failed attributing to government reluctance to cede control to foreign hands.
Political pressure will prevent premier Badawi from giving up control of Proton for as long as the ruling party relies on the Malay-votes (mostly work under Proton or its’ supply-chains payroll) to retains their power. You can argue until the cows come home that the operational costs will continue to soar but sales drops like there’s no tomorrow and such a justification is strong enough for a re-structuring in cost-cutting. In order to stay in power, nothing can be done to heal the wounds as the pride of retaining the Proton’s logo surpasses the conscious to re-vitalize the company.
Perodua, the second homegrown manufacturer of which Daihatsu Motor, a subsidiary of Toyota, owns a 51 percent stake, will continues to eat-up Proton’s cake in the affordable yet attractive models range. It’s Myvi model was a great success and top the best-selling model overtaking Proton.
Today, former premier Mahathir drop a bombshell stressing Malaysia must choose a domestic partner over a foreign company for ailing carmaker Proton to preserve its status as a national company. "If you sell to a foreign company, it will no longer be a national car. They have to sell to a local company," Mahathir, who is Proton advisor told reporters. Mahathir who oversaw the creation of the ailing carmaker in 1983 under his tenure as premier has singled out Prime Minister Abdullah Ahmad Badawi and his administration for badly managing the company.

Its’ obvious Badawi is directionless on how to manage this national bleeding giant. The only way out and decision to make is obvious but it’s highly unlikey to be executed for political survival. This could be the only time Badawi and Mahathir share the same common interest.

[Trademore]

Let's focus on tactics rather than invest on this counter. No point blaming this counter. Blaming cannot make you rich. I know you frustrated with this so call giant company but it's not, anyway. Look at the total asset she has and compare it to other counters in the bursa, take TM or TENAGA, which one is giant? 

My recommendation is to stay away from this counter until you see a technical rebound. For long term investor... they know what they will do, richard188. 

[richard188]

Rm 3.90 Now my target Rm 3.00 . Proton Bankcraft those who
have Proton Car also Suffer, so my support is Rm3.00. 

[suredie2]

Rm 3.90 Now my target Rm 3.00 . Proton Bankcraft those who
have Proton Car also Suffer, so my support is Rm3.00. 

proton, proton, proton , my goodness proton.

keep on dumping by others, I think petronas is the last to suffer, he will have to take up the company for national interest.   

[theng]

I will never invest in spoon feed counter, If invest in it mean I support the way of what Gov.doing this will make
more of this type of counters coming out YOU ASK GOT counters   

[richard188]

Look like my New Proton is Coming , Big Fish selling point at Rm 3.64 & Rm 3.62. 

[suredie2]

I Feel that if this counter drop until 3.50 .  it should worth a try to buy, or buy based on candlestick.
once all the issue settle, you may be able to make 30% return within 3 months.

Like it or not, trust it or not. government must revive proton. it is a national interest. you like it or not, they must do something, it is very similar to MAS.   So we should    open our eyes and consider this counter for 30% gain.

Not to mention, EPF,ASB,DANA,PNB,fund managers are holding so much of this share.  They will do something behind to revive.

Well , too bad, I can't join the party. All my bullets with Genting and WCT.  I may need sometime to make enough so to dispose these counters.

[honeywell]

I Feel that if this counter drop until 3.50 .  it should worth a try to buy, or buy based on candlestick.
once all the issue settle, you may be able to make 30% return within 3 months.

Like it or not, trust it or not. government must revive proton. it is a national interest. you like it or not, they must do something, it is very similar to MAS.   So we should    open our eyes and consider this counter for 30% gain.

Not to mention, EPF,ASB,DANA,PNB,fund managers are holding so much of this share.  They will do something behind to revive.

Well , too bad, I can't join the party. All my bullets with Genting and WCT.  I may need sometime to make enough so to dispose these counters.

Please advise me on the entry point, thank you

[richard188]

KUALA LUMPUR (Thomson Financial) - The government may still consider the possibility of a Malaysian automotive player as a strategic partner for national car maker Proton Holdings



Now the dirty play is ON. They purposely announced the called off nego with VW and the price fell like hell!!!.. Now looking for local partner..which I believed..may players like DRB , NAZA will make an offer to be partner and again...they will push up the price. Make money and use it for General Election...Make sense???..sob sob sob

[richard188]

DRB can only be a dealer. They don't have the expetise to run a manufacturing concern as well as marketing ability of that calibre to turn the company around.
Naza survival hinges on those "AP" Nasimuddin exploit to make it. In terms of calibre he is even worse off than DRB.

There is no Bumiputra businessman who can turn Proton around!

Whether there is going to be election early next year or not makes no difference what with US serious problem and a Chinese market bubble.
The longer the government wait the worse things will get as the cash in bank cannot last much longer.
Perwaja can be sold off and now in good hands so can Proton be treated in a similar way but there is a problem of race issue. So BN is caught in between two hard surface!

[richard188]

General Motors Still Keen On Talks With Proton




American car manufacturer General Motors Corp (GM) will not turn down any opportunity to start re-negotiations for a tie-up with Proton in future, its president for Southeast Asian operations, Stephen K. Carlisle, said today.

He said the company would never turn down the discussion if it arose again.

"By the time we sit down again, things will move on some more. We just need to understand the boundary conditions, what might be possible and what the situation is. We have to consider a win-win situation," he said when asked whether GM would consider talking with Proton again if the Malaysian carmaker decided to reopen the talks.

He was speaking at the launch of the Chevrolet Captiva here today.

Last week, the government announced that Proton has ended negotiations with German car manufacturer Volkswagen and GM for a possible alliance as the fortunes of the national car maker in terms of sales and exports are improving.

Meanwhile, DRB-Hicom Bhd's group managing director, Datuk Mohd Khamil Jamil, said the company was still interested in talks with Proton.

"If the opportunity is there, we will be happy to look at it. It must be a win-win situation," he said.

Mohd Khamil said the company could collaborate with the national car maker in many ways and not necessarily as an equity partner.

"There are many ways for us to collaborate with Proton. It doesn't mean that we need to have a stake in Proton. We can become a strategic partner with regard to the products, parts and distribution as well," he said.

[Sciencegto]

Just wait for the good entry then wait for good news to push it up Sure risky

[smallcap]

If general election on next year, this counter will be one of the bluechip for the politic fund. Good news and bad news are playing on govt's hand, i believed at least it will stand above 3.20 b4 another "good news" to be announced.