Proton also needs to develop a solid business plan.
KUALA LUMPUR : AmInvestment Bank Research has maintained its 'buy' call on DRB-Hicom following the government's approval of a RM1.5bil soft loan to Proton to help pay its vendors following the automaker's accumulated losses of over RM2.5bil up to 2015.
In a note on Monday, the research house said that its 'buy' call is strictly based in DRB-Hicom's break-up value after taking into account the potential of further losses at Proton.
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