Bermaz Auto Bhd, the official distributor of Mazda cars and spare parts in Malaysia, yesterday issued two sukuk wakalah programmes worth RM1bil.
KUALA LUMPUR: Kenanga Research has raised its earnings forecast on Bermaz Auto Bhd
on the back of estimate-beating results in FY21.
The research house said FY21 Patami of RM133.9mil beat its and consensus projections by 51% and 40% due to a higher-than-expected margin from cost savings, the end of aggressive promotions and lower A&P costs with the extension of SST exemption.
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