HLIB) Research said it is positive on the acquisition, as Spirit Malaysia’s stable earnings are expected to strengthen DRB-Hicom’s overall financial performance.
PETALING JAYA: Analysts are cautiously optimistic on DRB-Hicom Bhd
’s plans to acquire Spirit AeroSystems Malaysia Sdn Bhd, which is a key customer in the aerospace business.
Hong Leong Investment Bank (HLIB) Research said it is positive on the acquisition, as Spirit Malaysia’s stable earnings are expected to complement Composites Technology Research Malaysia Sdn Bhd’s (CTRM) operations and strengthen DRB-Hicom’s overall financial performance. CTRM is a wholly-owned subsidiary of DRB-Hicom.
