With the slowdown in the global economy and weakening of the ringgit, 2015 has been a relatively challenging year for most auto companies.
The slowdown in sales has resulted in many auto players feeling the pinch – which translated into a tight squeeze on margins and thus making the hike in car prices inevitable.
According to an analyst from a bank-backed brokerage, the unfavourable exchange rate will have a large impact on UMW Holdings Bhd and Tan Chong Motor Holdings Bhd next year.
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The slowdown in sales has resulted in many auto players feeling the pinch – which translated into a tight squeeze on margins and thus making the hike in car prices inevitable.
According to an analyst from a bank-backed brokerage, the unfavourable exchange rate will have a large impact on UMW Holdings Bhd and Tan Chong Motor Holdings Bhd next year.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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