Company Name: PROTON HOLDINGS BHD
Research House: OSK
OSK Research maintains "buy" recommendation for Proton Holdings as the results were in line with its estimates.
"Proton continued to display another commendable set of results for its third quarter financial year 2011, fuelled by resilient domestic vehicle sales, which is anticipated to progress into the next year.
This is following the recent launch of the Proton Inspira and Persona, OSK said in a research note today.
"With the results being in line with our consensus estimates, we make no changes in our target price of RM6.18 and retain our Buy," said the research house.
As the margins appear healthy, it continues to see profits being sustained at this level, taking the cue from the higher revenue Proton could potentially fetch from the recently launched Inspira given its low capital expenditure costs. -- Bernama