March 6, 2012

VW(rooming) its way in again?

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



Target RM4.60

Implications of a potential Proton-VW tie-up to remodel the Polo as a national car are positive. The price positioning of the car should give Proton and VW the biggest bang for their buck in terms of market share. An equity participation is not a remote idea, in our opinion.


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