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KUALA LUMPUR: Despite the challenging environment, UMW Group doubled its automotive sales to 25, 568 units in May this year compared with 11, 342 units recorded in May 2020.
KUALA LUMPUR: The UMW Group recorded automotive sales of 25, 568 units in May, more than doubled the 11, 342 units registered a year ago during the Movement Control Order or MCO 1.0.
THE chip shortage that is being experienced in the semiconductor sector is expected to have a more pronounced impact on the automotive sector compared with the consumer electronics industry.
TOKYO: Japanese retail sales rose 12.0% in April from a year earlier, government data showed on Monday.
CGS-CIMB Equities Research sees is upbeat on Sime Darby’s outlook as it sees improving earnings outlook beyond FY21F, driven by resilient motors demand in China and a stronger mining equipment demand in Australia.
PETALING JAYA: Strong auto sales have helped bump up UMW Holdings Bhd’s net profit in the first quarter (Q1) of the financial year ending Dec 31,2021 (FY21).
PETALING JAYA: MBM Resources Bhd’s vehicle sales performance during the ongoing movement control order (MCO 3.0) is expected to be sustained by new model launches and a backlog of orders.
KUALA LUMPUR: RHB Research is staying cautiously optimistic on MBM Resources Bhd despite the ongoing nationwide MCO3.0, which should affect near-term footfall into its showrooms.
Dayang Enterprise, EcoFirst, Astino, MAHB and UMW Holdings are among the stocks which could see trading interest on Tuesday, JF Apex Research says.