HwangDBS says Proton’s share price to remain attractive and maintains its RM4.85 price target.
This it said is due to the higher utilisation rate of Proton plants from higher sales due to exports and strategic partnership.
Meanwhile, HwangDBS reiterates a buy call for MBM. It said that the healthy Perodua sales and a RM20 million budget to beef-up showrooms and service centres for luxury lines (eg Volvo and VW) are signs of better times ahead. - Reuters
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