DRB-Hicom unit launches RM230mil high-tech paint shop in Pekan

17 Jul 2017 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd, through wholly owned subsidiary Hicom Automotive Manufacturers (M) Sdn Bhd, has launched a RM230mil high-tech paint shop in Pekan, Pahang. In a statement, the conglomerate said this was part of the company’s effort to strengthen its foothold as one of the preferred automotive ...
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Trading ideas: Bumi Armada, Apollo Food, Microlink, Carimin

28 Jun 2017 - The Star Online
KUALA LUMPUR: JF Apex Research expects Apollo Food, Microlink Solutions and Carimin Petroleum as among the stocks to watch on Wednesday after their recent corporate announcements. Other stocks which could see trading interest are Bumi Armada, DRB-Hicom, Global Oriental and Vivocom International. JF Apex ...
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CIMB Research retains Add for DRB-Hicom, higher target price

28 Jun 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research is retaining its Add call for DRB-Hicom with a slightly higher RM2.35 target price. It explained on Wednesday it maintained its earnings forecasts, but raised its sum-of-parts based target price to RM2.35 to include the latest valuation for Proton based on Zhejiang ...
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DRB-Hicom and Zhejiang Geely ink final contract for Proton, Lotus

23 Jun 2017 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd and Zhejiang Geely Holdings Group have signed the final agreement, which sees the latter acquiring 49.99% of car manufacturer Proton and 51% of luxury sports car brand Lotus. Prime Minister Datuk Seri Najib Tun Razak said on Friday that the signing of agreement cements the ...
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Proton gets nod to receive RM1.1bil R&D reimbursement grant

22 Jun 2017 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd has received a letter from Finance Ministry (MOF) approving a research and development (R&D) reimbursement grant for R&D carried out by Proton Holdings Bhd’s subsidiary Perusahaan Otomobil Nasional Sdn Bhd (PONSB). In a filing with Bursa Malaysia, DRB-Hicom said this represented ...
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DRB-Hicom to make material announcement

21 Jun 2017 - The Star Online
KUALA LUMPUR: Bursa Malaysia Securities Bhd has approved DRB-Hicom Bhd’s request for the suspension in the trading of its securities from 9am tomorrow (Thursday) pending the release of a material announcement. The trading suspension comes the day before DRB-Hicom and Zhejiang Geely Holding Group are ...
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DRB-Hicom: Geely’s Boyue rights valuation a mere assumption

20 Jun 2017 - The Star Online
KUALA LUMPUR: DRB-Hicom Bhd clarified that the rights to Geely’s best-selling model, Boyue, valued at RM600mil as stated during an analysts briefing on May 25, 2017, was merely an assumption. It was an attempt by the management to illustrate how the assumed valuation of Boyue would lead to the implied ...
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