Upgraded: Kenanga Research has upgraded its call on the automotive sector to ‘neutral’ (from ‘underweight’), and said the new volume-driven model launches could counter cautious consumer sentiment due to the end of the loan moratorium this month.
PETALING JAYA: The launch of new car models like the Proton X50, Honda City and Nissan Almera will lead to a pick-up in passenger car sales, according to research analysts.
The lower interest rates and the ongoing sales tax holiday will further serve to help the rise in orders.Kenanga Research has upgraded its call on the automotive sector to “neutral” (from “underweight”), and said the new volume-driven model launches could counter cautious consumer sentiment due to the end of the loan moratorium this month.
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