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PETALING JAYA: DRB-Hicom Bhd suffered a net loss of RM11.42mil for its second quarter ended Sept 30, 2018, compared with a net profit of RM742.60mil in the previous corresponding period, mainly due to lower performance of certain companies in the automotive and services sectors.
PETALING JAYA: RAM Rating Services Bhd has maintained its “negative” outlook on the Malaysian automotive sector and expects total industry volume (TIV) to contract up to 10% this year, following a 17.6% year-on-year (y-o-y) plunge in vehicle sales to 218,101 units in the first five months of 2016.
PETALING JAYA: Analysts are optimistic that the local automotive industry has bottomed out following three consecutive months of vehicle sales growth this year.