PETALING JAYA: A two-speed local automotive market is being played out as expected in 2024 and this trend could persist into the following year, says Kenanga Research.
The forecast comes as the securities firm noted a slight improvement in the sector’s earnings during the recently concluded third-quarter (3Q24) results season with 14%, 71% and 14% of companies coming in above, within, or below its expectations, respectively.
