DRB-Hicom to leverage on strong auto segment

TheStar Tue, May 30, 2023 12:00am - 4 months View Original

PETALING JAYA: DRB-Hicom Bhd expects to continue leveraging onto the strong automotive segment in financial year 2023 in line with its efforts to continue strengthening its automotive position in Malaysia.

Hong Leong Investment Bank (HLIB) Research said as supply chain issue normalises, DRB-Hicom can leverage on its Proton, Honda, Isuzu and Mitsubishi brands to drive growth in 2023.

The research house noted the increasing industry production volume bodes well with the group’s automotive supply chain and it expects Proton to step up its export programme this year to markets in Africa, South Asia and Asean.


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