Buy national car maker proton when the price moving downward close to RM4.00. Good prospect for Proton based on followings factors.
- Proton will have new strategic partner. No matter either it is local or foreign partner it will benefit Proton in term of market expansion and technology. By the way, Mahendra from India and Volkswagen have shown interest to be partner of Proton.
- Proton will be the assembler for other brand of car to make their factory in Tanjung Malim fully utilised, thus it will be new source of income for Proton.
- Proton is cyclical stock. Since Dow Jones has reached above 10,000 points and has potential to go up further, stock like Proton will follow.
CIMB more positive on reported potential tie-up between Proton and Volkswagen and targeted the price at RM6.05
No comments:
Post a Comment