Stock Name: DRBHCOM
Company Name: DRB-HICOM BHD
Research House: HWANGDBS
Company Name: DRB-HICOM BHD
Research House: HWANGDBS
HawangDBS says that it was reported in the media that DRB-Hicom Bhd is poised to receive a letter of award to supply 257 units of armoured personnel carriers (APCs) worth up to RM7.5 billion from the government this week.
We reaffirm our 'buy' rating and target price (TP) of RM3.55 based on a 20 per cent discount to our SOP value.
HwangDBS thinks the recent selldown is overdone and offers a opportunity to accumulate ahead of this news flow.
The third quarter of 2011 result also shows the company is well on its way towards a record year. - Reuters
We reaffirm our 'buy' rating and target price (TP) of RM3.55 based on a 20 per cent discount to our SOP value.
HwangDBS thinks the recent selldown is overdone and offers a opportunity to accumulate ahead of this news flow.
The third quarter of 2011 result also shows the company is well on its way towards a record year. - Reuters
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