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Lower interest rates, sales tax holiday provide further support
PETALING JAYA: Growth in the automotive sector is expected to pick up momentum in the coming months, spurred by the sales and services tax (SST) exemption and low financing rates, following the reduction in interest rates.
KUALA LUMPUR: Stocks to watch on Tuesday include TA Global Bhd, Ho Wah Genting Bhd, MSCM Holdings Bhd, CIMB Group Holdings Bhd and Tenaga Nasional Bhd (TNB), according to JF Apex Research.
KUALA LUMPUR: DRB-Hicom Bhd is expected to record a boost to its sales performance in the second half of the year as new and revised car models are rolled out, says Kenanga Investment Bank Research.
KUALA LUMPUR: DRB-Hicom Bhd has appointed Tan Sri Wan Zulkiflee Wan Ariffin as its non executive chairman effective Sept 1.
KUALA LUMPUR: Conglomerate DRB-Hicom Bhd suffered RM306mil deficit in the second quarter, dragged down by modification loss at Bank Muamalat Malaysia Bhd and lower car sales during the movement control order (MCO) period.
TRADE figures to be released this week will continue to draw scrutiny as markets will assess the prospects of economic recovery.
Proposals include vehicle end-of-life policy to boost sales
KUALA LUMPUR (Bernama) -- Former president and group chief executive officer of Petronas, Tan Sri Wan Zulkiflee Wan Ariffin, has joined DRB-Hicom Bhd as an independent director starting from Aug 1.