PETALING JAYA: An expected ramp-up of alloy wheel production in the near term is expected to bode well for automotive parts manufacturer MBM Resources Bhd
, according to UOB KayHian.
“We estimated that distribution of Perodua vehicles contribute 37% of MBM’s 2012 group revenues, followed by Volkswagen (VW) at 21% and Daihatsu-cum-Hino. In addition, MBM sells safety equipment for vehicles via its wholly-owned subsidiary, Hirotako (12% of group revenues),” said UOB in a recent automotive report.
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