PETALING JAYA: Automotive companies are expected to stage a solid earnings recovery in the third quarter.
According to MIDF Research, this anticipation is based on the strong total industry volumes (TIV) for July to September, which is the strongest quarter seen in at least the past three years. The third quarter had registered TIV of 167,131 units, which is a 14% year-on-year (y-o-y) growth and a big 147% jump from the previous quarter.
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