KUALA LUMPUR: Low discretionary spending will continue to impact the automotive sector despite the government's sales tax exemption for vehicles this year, says Affin Hwang Capital research.
"While we do not discount that this incentive, coupled with the cheaper oil prices and lower hire purchase loan rates may tempt new-car buyers, however we think that the challenging macro environment (ie, high unemployment and lower disposable income due to pay cuts) will see
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