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KUALA LUMPUR: Bermaz Auto Bhd’s net profit for the third quarter ended Jan 31,2020 declined to RM27.15mil compared with RM81.01mil in the same quarter last year.
KUALA LUMPUR: CGS-CIMB Equities Research views the 25 basis point cut in the Overnight Policy Rate (OPR) to be positive for cyclical sectors.
PETALING JAYA: The policies under the recently announced National Automotive Policy 2020 (NAP 2020) are unlikely to boost vehicle sales this year, with most analysts maintaining their forecasts for 2020.
KUALA LUMPUR: The National Automotive Policy 2020 (NAP 2020) needs to provide more clarity on incentives for investors and support for energy efficient vehicles such as hybrids, say automotive industry players
KUALA LUMPUR: Affin Hwang Capital has slashed its FY20 earnings forecasts on Bermaz Auto Bhd but raised its FY21-22 earnings by 2% to 5% to reflect the pent-up demand in car sales volume.
Amid the uncertainty and volatility plaguing the equity market, especially now with the novel coronavirus outbreak driving fears, investors may find comfort in dividend-paying stocks
FOR an industry that has seen sales stagnate over the last few years, 2020 started with a shock for the local automotive sector.
THE National Automotive Policy (NAP), which was supposed to be announced in the first quarter of last year, has been delayed and is expected to be revealed this quarter.
KUALA LUMPUR: CGS-CIMB Equities Research estimates the 25bp cut in base lending rate (BLR) could lower its 2020 KLCI earnings estimates by 1.5% and its end-2020 FBM KLCI target of 1,636 by 25 points.
KUALA LUMPUR: Bermaz Auto Bhd, FGV Holdings Bhd, Cuscapi Bhd, OSK Holdings Bhd, Securemetric Bhd, Pestech International Bhd and Pantech Group Holdings Bhd are among the stocks to watch on Thursday, according to JF Apex Research.