KUALA LUMPUR: DRB-Hicom stands to benefit from Proton’s earnings growth in 2020F and potential Shah Alam land monetisation following Proton’s relocation, CGS-CIMB Equities Research said.
In its research note issued on Wednesday, it expects a 15% rise in Pos Malaysia revenue in 2020F after the recent postage rates revision which should help boost its services division’s profitability.
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