Outperform, Fair Value = RM3.60

DRB has appointed Datuk Mohamed Razeek Md Hussain as the COO for Services and Properties effective 1 Sep. (Bernama)

Positive. Datuk Razeek was formerly the CEO of Malaysian Resources Corp Bhd (MRCB). His brief is likely to centre on maximizing returns from DRB’s various parcels of land. Datuk Razeek is yet another high profile management appointment at DRB and follows the recent recruitment of Datuk Seri Che Khalib as the chief operating officer (COO) of finance, strategy & planning. Datuk Khalib was the former CEO at electricity utility Tenaga Nasional.
 

Source: RHB Research - 5 Sept 2012