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KUALA LUMPUR: Bermaz Auto Bhd said the two-month closure of its showrooms due to the full lock down imposed by the government has impacted its results in the first quarter ended July 31.
PETALING JAYA: Bermaz Auto Bhd (BAuto) recorded an increase of 12% year-on-year (y-o-y) in net profit to RM10.3mil in the first quarter of its financial year ending April 30, 2022 (FY22) despite a 28.5% y-o-y decline in revenue.
KUALA LUMPUR: JF Apex Research said stocks that may see trading interest on Tuesday following recent corporate news flow include Sunway, Scientex, Daibochi, UMW, Bermaz Auto, George Kent, MRCB, JAKS Resources, Bioalpha and Pecca.
PETALING JAYA: Bermaz Auto Bhd (BAuto) may be experiencing an earnings growth delay following the effects of the Covid-19 pandemic on its financial result
KUALA LUMPUR: The Malaysian Automotive Association (MAA) has urged the government to extend the sales and services tax (SST) exemption on passenger vehicles in the upcoming Budget 2022.
PETALING JAYA: The latest Peugeot 3008 and 5008 sport-utility vehicles (SUVs) are now on sale following their launch on Wednesday, marking a new beginning for the French brand under a new franchise holder.
WHILE the automotive industry has welcomed the proposed tax incentives for EVs (electric vehicles) under Budget 2022, the sector’s stakeholders and analysts do not expect EV sales to kick off in a big way just yet.
PETALING JAYA: Momentum in electrification is seen to be building up for the automotive sector, with the collaboration between EP Manufacturing Bhd (EPMB) and the Malaysia Automotive Robotics and IoT Institute (MARii) for electric vehicle (EV) localisation.