Proton would continue to see trading interest after the run-up on April 13, ahead of the official launch of its Exora by Prime Minister Datuk Seri Najib Razak on April 15.
Another factor for the run-up in Proton could be a possible consolidation of Proton with Perodua, but this idea had is not entirely new, having first been brought up during the Asian financial crisis.
CIMB Equities Research said while the task of putting the consolidation plans on paper is likely to be challenging,” we think that such exercise would be positive for the national auto companies as operations can be streamlined to cut costs and avoid redundancies, and market share can be expanded.
TDM has proposed first and final dividend of 10.50 sen net per share for FY ended Dec 31, 2008 subject to shareholders' nod at AGM.
Salcon’s proposed 100 million litres wastewater treatment plant in Shandong has been put on hold by Chinese provincial government. Salcon’s unit Salcon Shandong (HK) Ltd did not expected to go ahead with the MoU with the government.
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