BAuto earnings visibility remains positive

Maybank IB Research said BAuto sales in the five months of the financial year ending April 30, 2024, remained robust post the sales and service tax holiday.

PETALING JAYA: Bermaz Auto Bhd’s (BAuto) earnings visibility remains positive as growth is underpinned by its robust pipeline of new launches and more completely-knocked-down (CKD) mix.

Maybank Investment Bank (Maybank IB) Research said BAuto sales in the five months of the financial year ending April 30, 2024 remained robust post the sales and service tax holiday. “We maintain our earnings forecasts, buy rating and target price of RM4.14 for BAuto.