DRB-Hicom to reap benefits from Proton’s better performance

“We strongly believe that Proton’s turnaround is slowly but surely becoming a reality through its impressive sales volume momentum as the group regains consumers’ confidence and trust in the Proton brand, ” AmInvestment said.

KUALA LUMPUR: With Proton’s better performance this year and the company expected to be in the black, DRB-Hicom Bhd is expected to reap the benefits.

AmInvestment in its latest research note said Proton’s plans to locally assemble the X70 in its Tanjung Malim plant remains on track with an initial local content of at least 30 per cent and the group plans to increase the local content to 70% to 80% by 2023.