Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Wednesday, September 15, 2010

DRB-Hicom Official: Expect To Sign Assembly Pact With Volkswagen By Year End

KUALA LUMPUR (Dow Jones)--DRB-Hicom Bhd (1619.KU) expects to sign a definitive agreement with German auto maker Volkswagen AG (VOW.XE) for the assembly of Volkswagen vehicles in Malaysia by the end of the year, DRB-Hicom Managing Director Mohd. Khamil Jamil said Wednesday.

"We hope to conclude the agreement by year end and the first rollout may be towards the end of 2011," Khamil said at a news conference after the company's general meeting.

DRB-Hicom aims to have an annual production capacity of 30,000 Volksawgen units by 2015, he added. DRB-Hicom is one of Malaysia's largest car distributors and importers.

Khamil also said the automotive division of the diversified group will likely be a driver for both revenue and earnings in fiscal year 2011 beyond. "We are looking at another Asian automaker and are quite close to an agreement," he said, but didn't provide further details.

-By K.P. Lee; Dow Jones Newswires; 603-2026-1233;

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