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

Saturday, December 11, 2010

DRB-HICOM sees efficiency in Pos tie-up

PETALING JAYA: DRB-HICOM Bhd, which has put in a bid for Khazanah Nasional Bhd's 32% stake in Pos Malaysia Bhd, sees potential efficiency gains in the partnership, said sources.

The company, which has several concessions such as Alam Flora, Puspakom, Hicom Power and KL Airport Services, was also comfortable and familiar with operating units that had the Government's golden share, added sources.

StarBiz reported in October that the planned divestment by Khazanah was taking longer than expected due to negotiations surrounding the Government's golden share in Pos Malaysia. Golden shares are typically held by the Government, giving it veto power in major decisions of the company.

In a report issued yesterday, OSK Research Sdn Bhd said Tan Sri Syed Mokhtar Albukhary was rumoured to be the frontrunner in the 32% stake sale, with the deal costing some RM700mil.


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