KUALA LUMPUR: Affin Hwang Investment Research is keeping MBM Resources as its top pick in the auto sector and reaffirmed its Buy call and target price of RM3.85.
It said on Tuesday given the full-year sales contribution of the newly-launched Axia and facelifted Myvi; potential recovery from its OMI alloy wheel plant; and increased efficiencies from new manufacturing plants (Hino, Perodua).
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