Equity Analysis /

MY : DRB-Hicom - Accelerating recovery in FY22F

    Mohd Shanaz Noor Azam
    Mohd Shanaz Noor Azam

    Technology Analyst

    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.