DRB recording core earnings of RM12.6mil as the group remained profitable for the second consecutive quarter, showing sustainability of its earnings. The stronger YoY earnings amount was due to significant improvements in the automotive division’s operating profit.
KUALA LUMPUR: RHB Research Institute is maintaining its Buy call on DRB-Hicom with a higher target price of RM3.35 from RM3.05,14% upside plus 0.3% yield.
It said on Monday DRB-Hicom’s results in the quarter ended June 30,2019 met expectations as the group remained profitable.
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