DRB-Hicom upgraded to Outperform, strategic partner for Proton crucial


Proton to develop six versions of engines from 1.0 litres to 1.5 litres

It said on Wednesday Proton had launched four new models since August to October 2016 would help improve its performance for the automotive division in the 2HFY17, hence it maintained its earnings forecast. It has a 12-month target price of RM1.31, which is 33.7% above the last traded price of 98 sen.


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