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Perodua recorded its highest-ever monthly sales with 26,852 cars in October 2020, just after setting an all-time monthly sales record of 25,035 units in September 2020. Perodua’s two plants have been running almost at their maximum capacity since August in order tomeet the strong demand.
2) MMBR SELLS & SERVICES PERODUA AUTOMOTIVE.
MBMR sells Perodua, Daihatsu, Hino, Volvo and Volkswagen automotive. Perodua makes up 87% and 74% of the total MBMR vehicles sold and serviced in FY2019.
3) DECENT FUNDAMENTALS.
MBMR has a decent ROE of 6.82%. MBMR has a net cash of RM166.5 million. This is equivalent to a net-cash of 42 sen per share. At current share price of RM2.93, MBMR is traded a PER of 9.5 times and offers a high dividend yield of 7%.
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DISCLAIMER
We share study notes for sharing purpose only. Our views could be
inaccurate. No BUY/SELL recommendation.
