February 27, 2012

DRB-Hicom On a solid footing

Stock Name: DRBHCOM
Company Name: DRB-HICOM BHD
Research House: CIMBPrice Call: BUYTarget Price: 4.60




Target RM4.60


The 28% drop in DRB-Hicom's 3QFY3/12 EPS was no surprise. All units remained profitable despite external shocks like the Thai floods and loss of the Selangor waste concession. The group is well positioned to absorb and restructure Proton in FY13.

Source: CIMB Trader PM February 27, 2012 FULL PDF Report

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