Analysts cut Proton Q4 sales forecast with expected weaker market

ANALYSTS are cutting their fourth quarter sales forecasts for Perusahaan Otomobil Nasional Bhd (Proton) on the back of an expected weaker car market, and downgrading the company's longer term prospects following the possibility that the launch of new models by the national car maker will be delayed.  

The revisions follow Proton's disappointing third quarter results to Dec 31, 2002, announced on Monday, with sales dipping 20% and net profit down by 48%.