Company Update
¨ The Group is well positioned to post strong earnings growth across all three of its business divisions in the coming years.
¨ The Group is making a significant effort to improve financial transparency and implementing investor outreach programmes that will help to improve the market’s understanding of DRB’s businesses.
¨ We reiterate our Outperform call on DRB on the back of undemanding PER valuations and solid FY11-14 EPS CAGR of 21.1%. Our sum-of-parts derived fair value is RM3.05
No comments:
Post a Comment