Bermaz Auto to leverage SST extension, new model launches

KUALA LUMPUR: As Bermaz Auto Bhd's earnings results come in line with estimates, analysts say the auto distributor is expected to chart stronger earnings in subsequent quarters on the back of the economic recovery.

According to Hong Leong Investment Bank (HLIB) Research, Bermaz Auto is expected to leverage the extended sales and service tax (SST) exemptions until June 2022 and the recovery of the economy as the country transitions to the endemic stage.