DRB-HICOM Appoints New COO

Date: 
2012-09-05
Firm: 
RHB
Stock: 
Price Target: 
3.60
Price Call: 
BUY
Last Price: 
1.07
Upside/Downside: 
+2.53 (236.45%)

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

Discussions
1 person likes this. Showing 2 of 2 comments

herbert456

Let's see .... If this news also can't lift the counter, then there isn't anything else we see in DRBHICOM.... sigh!!

2012-09-05 11:52

herbert456

Look at the pieces of land they own.. especially under proton.. wow! AWESOME!!!


http://biz.thestar.com.my/news/story.asp?file=/2012/9/5/business/11968688&sec=business

2012-09-05 11:56

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