Bermaz Auto Likely to Face Rising Competition in Malaysia -- Market Talk

Dow Jones12-13

0113 GMT - Bermaz Auto Malaysia's operational landscape could become more competitive with the entry of Chinese cars offering competitive pricing, Hong Leong IB analyst Daniel Wong says in a note. However, the company's new electric vehicle distributorships for Xpeng and Deepal could support its profitability in the coming quarters, he says. Bermaz Auto's planned launch of several new models is expected to boost market interest, he adds. Wong lowers Bermaz Auto's FY 2025-FY 2027 earnings forecast by 30.6%, 19.7% and 19.2%, respectively, to account for lower sales volume and margins. Hong Leong also cuts Bermaz Auto's target price to MYR1.80 from MYR2.40 while maintaining a hold rating on the stock. Shares are 1.5% lower at MYR2.01. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

December 12, 2024 20:13 ET (01:13 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491608943?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-13 09:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491608943","market":"sg","top_or_hot":-1,"title":"Bermaz Auto Likely to Face Rising Competition in Malaysia -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0113 GMT - Bermaz Auto Malaysia's operational landscape could become more competitive with the entry of Chinese cars offering competitive pricing, Hong Leong IB analyst Daniel Wong says in a note. However, the company's new electric vehicle distributorships for Xpeng and Deepal could support its profitability in the coming quarters, he says. Bermaz Auto's planned launch of several new models is expected to boost market interest, he adds. Wong lowers Bermaz Auto's FY 2025-FY 2027 earnings forecast by 30.6%, 19.7% and 19.2%, respectively, to account for lower sales volume and margins. Hong Leong also cuts Bermaz Auto's target price to MYR1.80 from MYR2.40 while maintaining a hold rating on the stock. Shares are 1.5% lower at MYR2.01. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 20:13 ET (01:13 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bermaz Auto Likely to Face Rising Competition in Malaysia -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBermaz Auto Likely to Face Rising Competition in Malaysia -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 09:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0113 GMT - Bermaz Auto Malaysia's operational landscape could become more competitive with the entry of Chinese cars offering competitive pricing, Hong Leong IB analyst Daniel Wong says in a note. ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EVS.SI","symbol_name":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2491608943","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491608943","pubTimestamp":1734052380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0113 GMT - Bermaz Auto Malaysia's operational landscape could become more competitive with the entry of Chinese cars offering competitive pricing, Hong Leong IB analyst Daniel Wong says in a note. However, the company's new electric vehicle distributorships for Xpeng and Deepal could support its profitability in the coming quarters, he says. Bermaz Auto's planned launch of several new models is expected to boost market interest, he adds. Wong lowers Bermaz Auto's FY 2025-FY 2027 earnings forecast by 30.6%, 19.7% and 19.2%, respectively, to account for lower sales volume and margins. Hong Leong also cuts Bermaz Auto's target price to MYR1.80 from MYR2.40 while maintaining a hold rating on the stock. Shares are 1.5% lower at MYR2.01. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4099":"汽车制造商","BK4551":"寇图资本持仓","BK4505":"高瓴资本持仓","XPEV":"小鹏汽车","BK4555":"新能源车","BK4526":"热门中概股"},"translate_title":"Bermaz Auto可能在马来西亚面临日益激烈的竞争——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XPEV":0.9,"EVS.SI":0.6},"content_text":"0113 GMT - Bermaz Auto Malaysia's operational landscape could become more competitive with the entry of Chinese cars offering competitive pricing, Hong Leong IB analyst Daniel Wong says in a note. However, the company's new electric vehicle distributorships for Xpeng and Deepal could support its profitability in the coming quarters, he says. Bermaz Auto's planned launch of several new models is expected to boost market interest, he adds. Wong lowers Bermaz Auto's FY 2025-FY 2027 earnings forecast by 30.6%, 19.7% and 19.2%, respectively, to account for lower sales volume and margins. Hong Leong also cuts Bermaz Auto's target price to MYR1.80 from MYR2.40 while maintaining a hold rating on the stock. Shares are 1.5% lower at MYR2.01. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 12, 2024 20:13 ET (01:13 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491608943"}