MBM Resources buoyed by strong Perodua demand

PETALING JAYA: MBM Resources Bhd is expected to continue enjoying strong earnings visibility, backed by a large order backlog of Perodua vehicles, says Kenanga Research.

The research house said Perodua had an order backlog of over 94,000 units and is targeting sales of 345,000 units this year.

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MBM Resources , Perodua , order backlog , Kenanga Research , dividend yield , automotive sector , electric vehicle , fuel subsidy , ringgit

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