Auto players seen to post sluggish earnings despite rise in vehicle sales


Axia FL: The facelifted Perodua Axia.

PETALING JAYA: Despite the steady rise in vehicle sales so far this year, a number of auto players may still report sluggish quarterly earnings.

One issue plaguing auto companies could be higher costs and foreign exchange losses despite four consecutive months of total industry volume (TIV) growth, said Maybank Investment Bank (Maybank IB) in a report.

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