DRB-Hicom - Waiting to execute

Date: 
2012-08-28
Firm: 
CIMB
Stock: 
Price Target: 
3.50
Price Call: 
BUY
Last Price: 
0.98
Upside/Downside: 
+2.52 (257.14%)
Target RM3.50 (Long Term: Out Perform)

1QFY13 results were below expectations, only accounting for 5% of our FY13 forecast as much of the quarter was spent dealing with management issues at Proton and Lotus. Without any chance to focus on restructuring, losses from Lotus had a full bearing on the results.


Discussions
1 person likes this. Showing 1 of 1 comments

herbert456

Good.

2012-08-28 14:07

Post a Comment