Equity Analysis /
Malaysia

MY : DRB-Hicom - Accelerating recovery in FY22F

    Mohd Shanaz Noor Azam
    Mohd Shanaz Noor Azam

    Technology Analyst

    CGS-CIMB
    26 March 2022
    Published by

    We expect the auto segment to drive the group’s turnaround in 2022F, helped by a sales tax holiday and an improving supply chain situation. The group is optimistic of a turnaround in the postal unit by end-2022F with the appointment of a new management team and disciplined cost controls. Reiterate Add, with an unchanged SOP-based TP of RM1.70.