RHB Research said that while the Deepal EV distributorship would expand BAuto’s EV offerings, it did not think it would be a volume contributor to the group.
PETALING JAYA: Analysts are not too excited about Bermaz Auto Bhd
(BAuto) being the distributor of Deepal brand of electric vehicles (EVs) in Malaysia, as they do not expect the distributorship to be a volume contributor to the group.
Kenanga Research estimates that the earnings impact of the latest development is negligible at less than 1%.
