Monday, February 27, 2012

DRBHCOM - Temporary setback

DRB Hicom; Buy; RM2.57
Price Target: RM3.45; DRB MK

3QFY12 hit by weaker Honda and Alam Flora earnings. Resilient services earnings anchored by Bank Muamalat and POS. Buy, RM3.45 TP based on 20% discount to SOP value.

Source: HwangDBS Research 27 Feb 2012

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