Automotive firm MBM Resources Bhd is expected to get an earnings boost with the launch of Perodua’s first energy-efficient sedan, the Bezza.
Maybank Investment Bank Research (Maybank IB) in a report yesterday said the launch of the Bezza would revitalise MBM’s sluggish sales in the first half of 2016, which plunged 10% year-on-year to 97,700 units.
“MBM offers the highest exposure to Perodua’s Bezza from three angles – as a shareholder, car dealer and supplier of autoparts.
“Having raised our Perodua vehicle sales forecasts, our 2016, 2017 and 2018 earnings forecasts for MBM are also lifted by 1%, 10% and 9% respectively,” it said.
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Maybank Investment Bank Research (Maybank IB) in a report yesterday said the launch of the Bezza would revitalise MBM’s sluggish sales in the first half of 2016, which plunged 10% year-on-year to 97,700 units.
“MBM offers the highest exposure to Perodua’s Bezza from three angles – as a shareholder, car dealer and supplier of autoparts.
“Having raised our Perodua vehicle sales forecasts, our 2016, 2017 and 2018 earnings forecasts for MBM are also lifted by 1%, 10% and 9% respectively,” it said.
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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