PROTON
May rebound toward RM6.50 resistance level.
For 1/9/2006 the closing price was 5.2000.
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 6.11.
The projected lower bound is: 4.17.
For 1/9/2006 the closing price was 5.2000.
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 6.11.
The projected lower bound is: 4.17.
Business Activity:
MFR ASSEMBLE AND SALE OF MOTOR VEHICLE & RELATED PRODUCTS INVESTMENT HLDG
Recent Announcement:
Proton to sell automotive plant in Indonesia (JAKARTA) PT Proton Edar Indonesia, a subsidiary of Malaysian auto firm Proton, will sell its US$24 million automotive plant in West Java, following a change in the Malaysian government's policy on car import tariffs, a report said yesterday. Safium, president of PT Proton Edar Indonesia, said here that the company was negotiating with PT Bajaj Auto Indonesia on the possible sale of the plant, The Jakarta Post reported yesterday. 'Initially we were negotiating to rent the plant to the company but now we are talking about selling it,' he said. Proton built the automotive plant with an investment of about US$24 million several years ago to gain access to the Indonesian automotive market. However, recent changes in import tariffs on autos have made the company rethink the need for a plant in Indonesia.
Proton to sell automotive plant in Indonesia (JAKARTA) PT Proton Edar Indonesia, a subsidiary of Malaysian auto firm Proton, will sell its US$24 million automotive plant in West Java, following a change in the Malaysian government's policy on car import tariffs, a report said yesterday. Safium, president of PT Proton Edar Indonesia, said here that the company was negotiating with PT Bajaj Auto Indonesia on the possible sale of the plant, The Jakarta Post reported yesterday. 'Initially we were negotiating to rent the plant to the company but now we are talking about selling it,' he said. Proton built the automotive plant with an investment of about US$24 million several years ago to gain access to the Indonesian automotive market. However, recent changes in import tariffs on autos have made the company rethink the need for a plant in Indonesia.
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