KUALA LUMPUR: Maybank Investment Bank Research said PROTON HOLDINGS BHD []'s consolidating partnership with Mitsubishi could see both parties collaborating on Proton's compact car and Mitsubishi using Proton's Tanjung Malim plant manufacturing for its export market for ASEAN region.
'Our forecasts are maintained for now in the absence of details. While this development in sentiment positive, our views are unchanged at this stage,' it said on Thursday, Sept 15.
'We reckon reviving Lotus will gravely hurt Proton's earnings and balance sheet over the next few years. Maintain Sell with an unchanged RM2.64 target price, based on 0.3x book,' it said.
'Our forecasts are maintained for now in the absence of details. While this development in sentiment positive, our views are unchanged at this stage,' it said on Thursday, Sept 15.
'We reckon reviving Lotus will gravely hurt Proton's earnings and balance sheet over the next few years. Maintain Sell with an unchanged RM2.64 target price, based on 0.3x book,' it said.
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