AmInvest Research retains overweight on auto sector


AmInvest Research said the Proton B-segment X50 model has exceeded 50,000 booking units as at end-February, with 8,200 units already delivered to customers.

KUALA LUMPUR: AmInvestment Research is maintaining its overweight stance on the auto sector with an unchanged total industry volume (TIV) projection of 575,000 units for 2021.

In its research note on Wednesday, it expects the strong sales volume momentum to sustain throughout 1H2021, bolstered by the extension of the sales and service tax (SST) exemption from Jan 1 until June 30,2021.

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