MBM expected to benefit from robust Perodua sales

Analysts expect the automotive group to continue leveraging on strong Perodua sales in the coming quarters.

PETALING JAYA: MBM Resources Bhd had a strong start in the first quarter of financial year 2024 (1Q24), mainly driven by the robust demand for Perusahaan Otomobil Kedua Sdn Bhd (Perodua) cars.

Analysts expect the automotive group to continue leveraging on strong Perodua sales in the coming quarters, as Perodua’s management guided for its sales target to sustain at 330,000 units in 2024 due to higher order backlogs and new launches.