DRB-Hicom to leverage on strong auto sales

Following a meeting with DRB-Hicom management, it noted that Proton Holdings Bhd continued to show a promising performance on the back of rising demand.

KUALA LUMPUR: DRB-Hicom Bhd has a positive outlook, premised on robust automotive sales.

Hong Leong Investment Bank (HLIB) Research said the group posted a strong turnaround of its core profit to RM216.6mil in the fourth quarter of 2021 (4Q21) compared with RM6.9mil in 4Q20, driven mainly by the automotive segment.