Malakoff proposed acquisition of Alam Flora may be on high side

2 Aug 2018 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research believes Malakoff Corp Bhd's RM944.6mil proposed acquisition of 97.37% stake in Alam Flora from DRB-Hicom may be on the high side. The research house said that part of the valuation assumes that Alam Flora will win new concession business in both Kelantan and ...
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DRB-Hicom revisits Asean car plan

11 Jul 2018 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd is studying a potential collaboration between Malaysia and Indonesia to produce an Asean car. Group managing director Syed Faisal Albar said a discussion on the matter was taking place as a memorandum of understanding was signed in 2015 between its subsidiary, Proton Holdings ...
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DRB-Hicom studying Proton-Indonesia JV

10 Jul 2018 - The Star Online
KUALA LUMPUR: DRB Hicom Bhd is studying the joint collaboration between Malaysia and Indonesia on producing an Asean car. Group managing director Datuk Seri Syed Faisal Akbar said a discussion on the matter was taking place as a Memorandum of Understanding (MoU) on the joint effort was signed between ...
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DRB-Hicom possible for bottom fishing

6 Jul 2018 - The Star Online
KUALA LUMPUR: Shares of DRB-Hicom Bhd rose marginally in early trade following a technical buy call by PublicInvest Research. DRB gained five sen to RM2.06.DRB-HicomC47 rose 8.33%, or 0.5 sen to 6.5 sen. PublicInvest said DRB-Hicom’s share price was breaking out of descending triangle chart pattern. ...
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CIMB Research upgrades DRB-Hicom to Add, higher target price

1 Jun 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research has upgraded DRB-Hicom from Hold to Add with a higher target price of RM2.70 as it reduced the realised net asset value (RNAV) discount from 30% to 20% to reflect a stronger outlook for a turnaround at Proton. The recent pullback on the stock offers a good opportunity ...
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DRB-Hicom returns to the black in FY18 but auto unit weighs

31 May 2018 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd returned to the black in the financial year ended March 31, 2018 after three years of losses, though in the latest quarter it was impacted by the weaker performance of the automobile division. The diversified group announced on Thursday that it posted net profit of RM498.44mil ...
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CIMB Research retains Add for DRB-Hicom, target price RM2.90

8 May 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research is retain its earnings forecast and Add call for DRB-Hicom with an unchanged sum-of-parts based target price of RM2.90. It said on Tuesday that narrowing losses by Proton, strengthening of the ringgit against the US dollar and higher net profit contribution from the ...
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DRB-Hicom shares rise on succession plan

13 Apr 2018 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd shares rose 2.6% in Friday morning trade after the conglomerate sets its succession plan in motion with the appointment of Datuk Mohammad Zainal Shaari as chairman. The counter rose 2.63%, or six sen to RM2.34. DRBHicom-C42 gained 7.69%, or 2.5 sen to 35 sen and DRBHicom-C46 ...
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Mohd Khamil quits DRB-Hicom and Pos Malaysia

30 Mar 2018 - The Star Online
KUALA LUMPUR: Tan Sri Mohd Khamil Jamil is resigning as non-executive chairman of both DRB-Hicom Bhd and its 53.5%-owned unit, Pos Malaysia Bhd , effective April 1, 2018. In separate filings with Bursa Malaysia yesterday, the companies said they would find a suitable candidate for replacement as chairman ...
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DRB-Hicom confident of successful turnaround at Proton

23 Mar 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research is retaining an Add and sum-of-parts based target price of RM2.90 for DRB-Hicom which is its top pick in the auto sector. It said on Friday DRB-Hicom is optimistic of a successful turnaround at Proton, underpinned by the 10-year business plan set out by the carmaker’s ...
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