PETALING JAYA: Conglomerate DRB-Hicom Bhd
could experience a re-rating should a strategic partner for wholly-owned unit Proton Holdings Bhd emerge and the service division sees better performance.
CIMB Research, which has kept an “add” rating on DRB-Hicom with a sum-of-parts based target price of RM1.69, a 10% discount to the realised net asset value, considers a Proton strategic partner and a better-performing service division as potential re-rating catalysts.
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