January 31, 2012

DRB-Hicom upgraded to 'outperform'



DRB-Hicom Bhd rose 1.1 percent to RM2.79, on course for its highest close since July 2003.

The stock was upgraded to "outperform" with its so-called fair value increased to RM3.45 from RM2.20 at RHB Capital Bhd after profit estimates were raised, Alexander Chia, an analyst, wrote in a report today. -- Bloomberg

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