According to Affin Hwang Capital used motor vehicle financier ELK-Desa Resources Bhd is viewed as a safe haven in volatile markets given a resilient earnings outlook against a backdrop of moderating global growth.
KUALA LUMPUR: Vehicle sales are set to be higher in May and June, boosted temporarily by Hari Raya promotional campaigns, but in the longer run the automotive sector will still be challenged by external and domestic economic uncertainties, says AmBank Research.
Sales would likely be higher during the two-month period on rebates, free gifts and other incentives offered to attract buyers, it said.
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