Stronger ringgit to drive auto stocks


Traffic crawling along Jalan Kuching as many make a beeline for the shopping complexes.

PETALING JAYA: Automotive stocks are expected to perform better in the second half of 2017, driven by stabilising loan approvals, car launches and further strengthening of the ringgit.

MIDF Research in a report yesterday said loan approval rates had stabilised between 50% and 60% over the past 12 months, with car loan application trends showing improvements due to steady demand.

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Business , Auto , ringgit , sales

   

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