BAuto share price at ‘attractive’ entry point

PETALING JAYA: Hong Leong Investment Bank (HLIB) Research has upgraded Mazda distributor Bermaz Auto Bhd’s (BAuto) outlook from “hold” to “‘buy” .

The research house said the upgrade was due to a recent drop in BAuto’s share price which became an “attractive” entry point backed by the group’s strong group order book and a healthy balance sheet position.