DRB-Hicom unit forms auto parts JV with Jiangsu Xinquan

30 Jan 2019 - The Star Online
PETALING JAYA: Hicom-Teck See Manufacturing Malaysia Sdn Bhd (HTS) has entered into a shareholder agreement with Jiangsu Xinquan Automotive Trim Co Ltd (XQ) to form a joint-venture (JV) company in Malaysia. The partnership is to design, develop and manufacture instrument panel, floor consoles and door ...
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DRB-Hicom forms JVco with Chinese auto parts maker to support Proton

29 Jan 2019 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd said a subsidiary has agreed to a set up a joint venture with a Chinese auto parts producer, as the local conglomerate targets to win more business from national carmaker Proton Holdings Bhd. The joint venture company (JVco), to be based in Malaysia, will design and manufacture ...
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RHB Research keeps Buy for DRB-Hicom, Goldstar claim weak

25 Jan 2019 - The Star Online
KUALA LUMPUR: RHB Research is keeping its Buy call on DRB-Hicom with an unchanged sum-of-parts derived target price of RM2.58, which is a 58% upside. The research house issued the note to clients on Friday following the the lawsuit filed by China's Goldstar Heavy Industrial's which it described as “weak ...
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DRB-Hicom shares slump on Goldstar's RM522m suit

18 Jan 2019 - The Star Online
KUALA LUMPUR: Shares of DRB-Hicom fell to a low of RM1.66 on Friday following a RM522.91mil suit filed by China's Goldstar Heavy Industrial Co Ltd over an aborted joint venture with Proton. At midday, it was down 10 sen to RM1.69 with 6.05 million shares done.
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DRB-Hicom retained at market perform by Kenanga Research

30 Nov 2018 - The Star Online
KUALA LUMPUR: Kenanga Investment Bank Research is retaining its market perform for DRB-Hicom with a lower sum-of-parts (SOP) target price of RM2 compared with RM2.35 earlier as it revised its SOP and reduced the target price for Pos Malaysia. DRB-Hicom reported 1H19 core net loss of RM68mil in the first ...
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Better automotive performance for DRB-Hicom

30 Nov 2018 - The Star Online
PETALING JAYA: DRB-Hicom Bhd suffered a net loss of RM11.42mil for its second quarter ended Sept 30, 2018, compared with a net profit of RM742.60mil in the previous corresponding period, mainly due to lower performance of certain companies in the automotive and services sectors. In a filing with Bursa ...
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DRB-Hicom Q2 net loss at RM11.42m on weaker property, auto segments

29 Nov 2018 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd posted net losses of RM11.42mil in the second quarter ended Sept 30, 2018 mainly due to lower performance of certain companies in the automotive and services sectors. DRB-Hicom said on Thursday the net loss was in contrast with the net profit of RM742.59mil a year ago which ...
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Auto sector to weigh on DRB-Hicom's group operating profit

23 Nov 2018 - The Star Online
KUALA LUMPUR: Malaysian Rating Corporation (MARC) views DRB-Hicom Bhd group’s operating profit would remain weighed down by the challenging outlook for the automotive sector due to a weaker economic growth forecast. The rating agency said on Friday the group’s automotive segment, which contributed 53% ...
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DHU gearing up to meet brisk demand for auto manpower

17 Sep 2018 - The Star Online
KUALA LUMPUR: DRB HICOM University of Automotive Malaysia (DHU), is gearing up to meet the brisk demand for manpower in the automotive sector which will require some 700,000 workers in the next two years. This is in view of the penchant demand for cars, growth of the country’s auto ecosystem and for ...
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DRB-Hicom narrows Q1 losses on higher car sales

28 Aug 2018 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd narrowed its losses in the first quarter ended June 30 on higher car sales. Revenue from its automotive division came in at RM1.4bil, with national carmaker Proton Holdings Bhd delivering 6,173 units in June. “As with the rest of the industry, all marques under the group recorded ...
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