KUALA LUMPUR: AmResearch is maintaining its Buy recommendation on DRB-Hicom with an unchanged fair value of RM3.60 a share, which is a 15% discount to its sum-of-parts value of RM4.25 a share.
It said on Friday DRB-Hicom posted a 2QFY15 core net profit of RM41mil (-69% on-quarter, -77% on-year), bringing the 1HFY15 total to RM174mil (-12.8% on-year) – accounting for 44% and 47% of its and consensus estimates, respectively.
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