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PETALING JAYA: Bermaz Auto Bhd’s (BAuto), which has experienced a persistent surge in orders, is expected to continue its strong momentum at least until the end of this year, as the sale tax exemption is expected to keep demand for vehicle sales steady.
KUALA LUMPUR: Bermaz Auto Bhd is optimistic over its performance for the next few quarters while a potential new franchise could materialise by the year end.
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.
Market trading not exclusive for certain quarters
KUALA LUMPUR: AmInvestment Research is retaining its overweight recommendation for the auto sector with a total industry vehicles (TIV) projection of 565,000 units for 2020.
KUALA LUMPUR: Bursa Malaysia ended in negative territory today, dragged by selling in selected heavyweights including Petronas-linked companies.
KUALA LUMPUR: Petronas Dagangan, Petronas Gas and Petronas Chemicals shares were all in the red today following reports that Petroliam Nasional Bhd (Petronas) is withdrawing its appeal at the Court of Appeal over Sarawak’s sales tax dispute.