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CIMB Research retains Add for DRB-Hicom, target price RM2.90


KUALA LUMPUR: CIMB Equities Research is retaining its Add with a sum-of-parts based target price of RM2.90 for DRB-Hicom following its corporate exercise to dispose of non-industrial property assets. 

It said on Friday the narrowing losses by its car manufacturing operations under Proton, strengthening of the ringgit against US$ and higher net profit contribution from the services division are potential re-rating catalysts. 

Analyst Reports , Auto , Corporate News

   

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