No idea. Bermaz should stop selling the kia sportage. Since launched last year only seen one unit on the street. Frankly speaking it doesn't has the features, looks and price to compete with Japanese and Chinese car. The monthly sales doesn't even reach 100 unit per month

The last quarter result should be no good as Feb and April sales is the lowest in 12 months. Feb 645 unit mazda sold and April is 675 units. Is very obvious the current models unable to compete with rest manufacturers especially Cherry which sold 2225 units in April

Unless it's a loss and gloomy outlook/serious damage to its balance sheet in the near future, Choong. BAuto has a good track record of meeting it's dividend policy in the past. Understandable if it's lower dividend due to lower net profit achievement.

Hi Cheng I'm still remain hopeful on Bermaz just at the same time feel pessimistic on their performance if the launching on new model keep delaying without any confirmed timeline. I did check with some inside personnel they also not sure when the new model going to be approve for sale and specification for each model. Which I find strange why chinese brand able to launch so many new model in this year alone.

My automotive portfolio is mainly Perodua, & little bit in Bauto.
But I think, if Bauto can maintain above 1.00, it won't be too bad.
But looking at its slow action, i guess 2025 will be hovering between 1.00-1.10 range.
What u guys think?

No idea bro but Bermaz issues is more on its own product losing competitiveness against current consumers preferences. Current market sentiment doesn't effect Bermaz share price. Unless Bermaz able find a new volume contributor like the current CX5, their share and profit will continue weaken

Haizz just saw Bermaz still promoting CX8 in their website. This CX8 already an obsolete model in other country. Instead of promoting obsolete model y not bring in CX60 at CX8 starting price at 180k. Heard during the motor show at Serdang the rumour starting price for CX60 is 230k. If this is true then can confirmed it won't able to compete with Chinese brand and BMW x1 and x3. In Australia the revised CX60 start at 150k myr.

some at 1.07, hktee. not expecting much movement in terms of capital gains at least until end of 2026; more to dy and will be happy as long as its higher than FDs. this is a cyclical industry and coupled with current earnings disruptions driven by influx of cars from China plus missing key timelines for EVs and models refresher. The company has a good track record meeting their dividend policy though. May see some focus or shift to mid to high/luxury segment strategies from BAuto moving forward.

probably be conservative, Choong. BAuto's track records speaks for itself be it the mgmt or balance sheet including capital management. The current internal models availability, external factor such as influx of China cars have weakened its balance sheet including higher div payout but not enough to raise a red flag yet. Top line and bottom line shrunk by 30% to 40% range; justified the current low valuation if you will. The pressure from China cars will persists and BAuto's strategies (segment/market differentiation) moving forward will be tested; takes time if you will. Hopefully we will not see weakened balance sheet/low valuation turning into distress situation - losses, margins dropped, growing leverage, and etc.

Agreed with you Cheng on product segmentation and competition from chinese brands. Just don't understand y other japanese brands already react to chinese brands by offering new models, price rebates, new EVs like Honda and Bermaz just act like BAU. Bermaz used to be very aggressive when they still under Berjaya Motor but now is like another TChong with ageing and uncompetitive models