DRB-Hicom; Buy; RM2.52
Price Target: RM3.50; DRB MK
Slowly buy surely

Proton’s Tanjung Malim plant holds vast potential. Target to hit 500k volume by 2017/18 bringing pretax profit to RM1bn. To launch two new models soon. BUY, SOP-derived TP of RM3.50.
 

WCT Berhad; Buy; RM2.48
Price Target: RM3.35; WCTHG MK
Time to unlock value

Listing of property arm via ROS is positive. Might clinch RM1.5bn new orders soon. Opening of Gateway@KLIA2 a key catalyst. BUY for 35% upside to SOP-derived TP.

Source: HwangDBS Research - 7 Nov 2013