External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>DRB-Hicom (DRB) announced that it has completed the share purchase agreement (SPA) to dispose 60% equity interest in AVEE Global to AAPICO Hitech Public Company Limited (AAPICO) for a cash consideration of RM40.7m.</li><li>The disposal is to facilitate a strategic partnership with AAPICO to produce dies, jigs, hot stamping parts, body assembled parts and chassis components.</li><li>We are positive on this as it enables Proton to leverage on Aapico’s economies of scale and investment initiative to produce vehicles with better cost efficiency and quality. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

DRB-Hicom (DRB) announced that it has completed the share purchase agreement (SPA) to dispose 60% equity interest in AVEE Global to AAPICO Hitech Public Company Limited (AAPICO) for a cash consideration of RM40.7m.The disposal is to facilitate a strategic partnership with AAPICO to produce dies, jigs, hot stamping parts, body assembled parts and chassis components.We are positive on this as it enables Proton to leverage on Aapico’s economies of scale and investment initiative to produce vehicles with better cost efficiency and quality. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DRB-Hicom Bhd

DRB-HICOM - Disposes 60% Stake in AVEE