Advertisements

On the road to recovery

■ We expect Proton’s sales volume and earnings to improve from 4Q21F onwards, driven by robust order backlog which stood at 49k as at end-Oct.
■ The group is bullish on POSM’s turnaround prospects in FY22F following the appointment of new management team and more disciplined cost approach.
■ Reiterate Hold with an unchanged RM1.65 SOP-based TP.

Advertisements