Friday, December 10, 2010

DRBHCOM - DRB-Hicom rated new 'buy'

Stock Name: DRBHCOM
Company Name: DRB-HICOM BHD
Research House: HWANGDBS



DRB-Hicom Bhd, an auto and financial services group, gained 2.4 per cent to RM1.69.

DRB-Hicom was rated new "buy" at HwangDBS Vickers Research Sdn Bhd, which said in a report today the company is a "strong proxy to the consumption story."

The brokerage has a share-price estimate of RM3.55 for the stock. -- Bloomberg


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