CGS-CIMB: “In addition, we think the exercise also highlighted (French principal partner) Groupe PSA’s trust in BAuto’s capabilities to drive the Peugeot brand in Malaysia. We also gathered that Groupe PSA plans to make Malaysia as a regional export hub in South-East Asia, leveraging on its assembly plant in Gurun, Kedah.”
PETALING JAYA: Bermaz Auto Bhd
’s (BAuto) position as a non-national automotive player is set to be bolstered by its enlarged stake in Peugeot distributor Berjaya Auto Alliance Sdn Bhd (BAASB).
CGS-CIMB said the move offered a good opportunity for BAuto to consolidate BAASB’s financial results into the group. “We estimate BAASB registered approximately RM1mil in net profit within the first five months of its operations (December 2020 to April 2021).
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