BAuto is the franchise holder and sole distributor of Mazda vehicles in Malaysia and the Philippines. (File pic: Mazda CX-8 SkyActiv-G 2WD: teaser at Bermaz Auto headquarters in Glenmarie.)
PETALING JAYA: Bermaz Auto Bhd
(BAuto) reported financial results that were ahead of some expectations but analysts remain cautious about the company’s outlook in the Philippines.
In a note to clients, Hong Leong Investment Bank’s research unit said BAuto’s Malaysia operations will continue to leverage on the sales and services tax exemptions until
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