DRB Hicom, The Numbers Don't Look Good

Despite the share price rising to RM1..34 from.around RM1 in November last year, DRB Hicom looks like a company in trouble.
71 per cent of every Ringgit that comes in DRB Hicom is from the automotive business, of which Proton's contribution comes in at about 51 per cent.
Consider this, five years ago ,DRB had RM6.4 billion in cash, while as at end March this year, the cash had been trimmed down to RM1 billion.
Five years ago , Proton had 25 per cent of the car market.
Now it's about 15 per cent. It's latest models are still using second generation technology, and without direct cash injection, Proton is going to take DRB DOWN.
Unless of course cool heads prevail, and allow DRB to sell a majority and controlling stake in Proton to a foreign car maker, that sees value in utilising DRB's car making abilities, rather than trying to revive a dead MELBOURNE HORSE.