K&N Kenanga maintains neutral stance on auto sector

  • Business Premium
  • Tuesday, 27 Jan 2004

DESPITE increasing demand for motor vehicles this year, K & N Kenanga Bhd continues to maintain its neutral stance on the auto sector, saying that auto companies would have their share of problems in terms of increased competition, higher effective tax rate and raw material costs. 

While the rising Japanese yen is not a major long-term concern, it believes that the sector is still going through a transitional period with various players vying for bigger market share. 

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