PETALING JAYA: Bermaz Auto Bhd’s (BAuto), which has experienced a persistent surge in orders, is expected to continue its strong momentum at least until the end of this year, as the sale tax exemption is expected to keep demand for vehicle sales steady.
Maybank Investment Bank Research (Maybank IB) said BAuto has had strong sales since the sales and service tax (SST) was exempted on all models (equivalent to 4% and 7% of vehicle’s purchase price) from June 15 until Dec 31.
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