Improved outlook: Car buyers visiting a showroom in Petaling Jaya. MAA had upgraded its 2020 TIV forecast from 400,000 to 470,000 after taking into account the government stimulus packages including a waiver of sales taxes on cars until end-2020.
PETALING JAYA: The auto sector is seeing positive signs of recovery in the second half although key challenges remain, said a CGS-CIMB research report.
The research house has maintained its “neutral” rating on the auto sector despite total industry volume (TIV) recovery prospects, amidst stricter lending requirements from financial institutions, a relatively higher motorisation rate and unfavourable foreign exchange environment.
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