PETALING JAYA: The outlook for Bermaz Auto Bhd
(BAuto) remains clouded by intensifying competition in the non-national automotive segment, prompting analysts to lower earnings forecasts and trim target prices (TPs) for the stock.
Maybank Investment Bank Research (Maybank IB) has maintained a “hold” call on BAuto but reduced its TP to 96 sen from RM1.06, citing weaker sales and margin assumptions.
