Tuesday, November 20, 2007

No Foreign Partner For Proton

Look at what our respected minister said.
I guess they have over-estimated what "Persona" can do for Proton. A few months of good sales do not really mean "TURNAROUND". A simple comparison with Toyota, GM, Hyundai will tell you that our Proton does not have the capability to compete at all. Are they planning to sell the same model for the next 10-20 years under government protection?!


After the news was published, Proton share price tumbled RM0.92 or 18% - approximately RM505mil capitalization vanished in one day!!! Well well, market seems do not agree with the decision. Wanna re-consider the alliance? Better do so!

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