April 19, 2012

DRB-Hicom - Building its defences

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



Target RM4.60

Deftech's tie-up with Tata Motors to develop and market the latter's military vehicles to the Malaysian government is a feather in DRB-Hicom's cap. Support should be forthcoming from the government as it beefs up the nation's defence capabilities.


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