Tough times for Malaysian auto stocks

By 2020, 10 million people will call Greater KL home, translating to one out of every three Malaysians living in KL and surrounding suburbs. As it is, traffic in some areas can only be described as gruelling. Tempers flare and drivers feel trapped, stewing in their cars. By the time we get to the office, we are already tired

PETALING JAYA: Local automotive stocks, which took a beating during the recently concluded financial reporting season, are in for tough times in light of the prevailing weakness in consumer sentiment and unfavourable import costs.

Of the listed auto stocks, analysts are bullish of Bermaz Auto Bhd (BAuto), given its new product range and target customers, which are less sensitive to the rising cost of living.