Proton
Published on Dec 2nd, 2007 in Malaysia, Just blogging with
Last Friday Proton announce the first profit after suffer of 5 consecutive net loss from the past quarter. The announcement not only attract attention of market watchers, it also attract my attention to relook the national car maker performance.
Proton share price has drop to RM3.60 level after Gov announce the termination of JV talk with VW. The share price is in historical low and I m considering to put some money in for long term investment.
I consider a low risk to own Proton share at RM 3.60.
I try to dig out the company past year financial report for my own reference before I make the final decision to put my money in. Table below shows the 6Qs P&L data that I dig out from Bursa Malaysia. Actually there is no improvement in term of revenue and operating cost for the past 6 quarter. However, I strongly believe the situation will further improve in Q3 when the revenue of Persona were booked into the accounting.
OK, I will bit for Proton tomorrow morning when the market open.