Choong Wc's comment on BAUTO. All Comments
SHARE ACCOUNT
kambing pun nak beli kalau 50sen.
2 Like · 4 weeks · translate
Choong Wc
The only consolation that can see in this quarter is debts has been reduced by almost 110 million.
1 Like · 4 weeks · translate
KC Chiok
below NTA, tapi kalau kambing pun invest in KLSE, there is something wrong with this world
1 Like · 4 weeks · translate
Choong Wc
Even the analysts in opinion the Bermaz really need to launch mazda cx60 and cx80 to improve it bottomline
Like · 4 weeks · translate
cheng
BAuto has consistent track records of keeping a clean balance sheet, Choong. I was expecting days of 300M to 400M qtrly revenue and 20M to 30M net profit but it delivered a 600M revenue. I thought BAuto must have turned rogue as sales data were low but did not find any abnormalities from "aggressive accounting" from the balance sheet. All is well. Its just the financial reporting timing versus the sales data; its Nov, Dec and Jan data.
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Like · 4 weeks · translate
cheng
The ops margin is below 10% still in the latest qr and CX5/Mazda cars margins seems to be the anchor for its margins in the past. A lower Mazda car sales means lower ops margins for BAuto. CX60, CX80 is moving up to premium / luxury SUV segment. Makes sense that it will improve its margins. In fact, any new models launching tends to boost up the sales figure as can be seen from the car registration data. CX5 limited edition and the new CX5 2026 model should be good for its margins too.
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3 Like · 4 weeks · translate
Choong Wc
The debts reduction maybe partially taken from the 90 million of dividend received
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KW Chin
Borrowing up woh.

Not down leh
Like · 4 weeks · translate
Choong Wc
Yup the total debts has reduced. Mainly debts payable to creditors. The borrowing up maybe due to take up 11percent share in EMPB that is currently doing contract manufacturing for GWM Haval
1 Like · 4 weeks · translate
cheng
EPMB is an interesting move by BAuto. EPMB supplying part to Inokom's Mazda CKD assembly plant in Kedah. And now BAuto has a stake in EPMB's assembly vehicle plant in Melaka. Any idea which models being assembled by EPMB?
Like · 4 weeks · translate
SHARE ACCOUNT
i buy 1k lot...later can change to kia karnival 2025 edition..mark my word!
1 Like · 4 weeks · translate
Choong Wc
EPMB currently assemble Haval H6. Previously mentioned the factory also can assemble EV car. Most likely will be Deepal as Xpeng is assemble in Indonesia
Like · 4 weeks · translate
cheng
Not immediately, share account. Slowly but surely. Personally, I believed the fair value of BAuto is higher than 80 cents :) Not sure what are the assumptions that the analyst baked into its valuation model. After all, different analyst will have different fair value depending on the models and variables used in their calculation.
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Like · 4 weeks · translate
cheng
Thanks, Choong. EPMB makes money, BAuto makes money :) Btw, if EPMB can assemble EV car, it changes the whole situation then. CKD EV tax exemption expiring in 2027. BAuto can tap into EPMB EV car assembly to enjoy the benefits of the tax exemption.
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Like · 4 weeks · translate
Choong Wc
Yup. During the acquisition of EPMB share, Bermaz got mentioned one of the reason of buying into EPMB is to gain certain percentage of production capacity for their EV models. Hope after going through this bad times Bermaz able to expedite things to gain back market share and investor confidence
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Like · 4 weeks · translate
cheng
there is actually. Blackrock Inc bought a decent position this year it seems :) I heard its slightly more than 1%.
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Choong Wc
Blackrock bought Bermaz or EPMB share?
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cheng
BAuto, Choong. Those with Moomoo account should be able to see that.
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Choong Wc
Thanks Cheng
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Leong Kah Seng
Hi Cheng, i checked it was a disposal of 16.51mil shares by Blackrock as at 28.2.25. I hope I'm wrong.
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赶羚羊草枝摆
you are right latest info Blackrock is disposing shares
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cheng
thanks, Leong. the date seems to coincide with MSCI rebalancing date and the qty is ~1.4% which means they have pared down almost all their holdings following the index removal :(
1 Like · 4 weeks · translate
henry stephen
0.8-1.20 is a fair price. The figures almost same as 2014 where the revenue 450m and profit 30m
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cw yeo
The bosses also slowly accumulating.
Like · 4 weeks · translate
cheng
indeed, cw. and share buybacks too; slightly more than 6M purchase value. several IBs updated the latest TPs and it can be seen from this app under target price.
2 Like · 4 weeks · translate
Yike
no more serringit?
Like · 4 weeks · translate
Choong Wc
With all the chinese EV aggressively cutting price and new J8 and H6 coming, Bermaz still acting like BAU.
Like · 3 weeks · translate
Yike
byd too strong nowadays.high competition..charge 5 minutes enough
1 Like · 3 weeks · translate
Barry Koh
Automotive sector TIV rises 31% to 63,906 in Feb. The increase in numbers also due to Chinese EV?
https://www.thestar.com.my/business/business-news/2025/03/19/automotive-sector-tiv-rises-31-to-63906-in-feb---maa
Like · 3 weeks · translate
Choong Wc
Yup is the total cars registered in Feb2025
Like · 3 weeks · translate
Choong Wc
Mazda Japan has announced next generation cx5 will be the 1st benefactor for Skyactiv Z engine. But Bermaz now operating in snail pace. Don't know how long Bermaz can last if continue at this pace
Like · 3 weeks · translate
Choong Wc
Surprisingly local funds been buying. EPF has increase by 0.4 percent
Like · 3 weeks · translate
赶羚羊草枝摆
EPF and Tabung Haji started acquired...
Like · 3 weeks · translate
Yike
wah start terbang
Like · 3 weeks · translate
cheng
Better to be L-shape recovery instead of V-shape. A V-shape recovery will be considered euphoric and not sustainable without visibility of the new models in the pipeline
2 Like · 3 weeks · translate
Choong Wc
ChangAn CS75 Plus is in Thailand. Is direct competitor to H6 and Chery T8. Not sure Bermaz will get the distributorship or ChangAn will setup own company like others chinese brand
Like · 2 weeks · translate
cheng
CS75 Plus in Bermaz models pipeline? its only deepal s05 and s07 for EVs so far right?
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Choong Wc
So far is ChangAn EV car only. IcE cars not mentioned
Like · 2 weeks · translate
cheng
yeah. But if there is, its probably gonna be CBU from Thailand first. The current incentives are focusing on EVs (CBU expiring by end of 2025, CKD expiring by 2027). Can be quite challenging for automotive distributors right now in deciding whether to focus on EV or gasoline cars for their future models. Incentives and long term growth trends of energy consumption which is showing more on renewables.
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2 Like · 2 weeks · translate
cw yeo
The boss needs to quickly bring in their own EV car and also set up CKD for EV car. Else they should get BYD from Sime and jointly distribute.
1 Like · 2 weeks · translate
KC Chiok
6e looks great!
https://paultan.org/2025/03/24/bangkok-2025-mazda-6e-previewed-552-km-ev-based-on-deepal-l07-rhd-for-thailand-coming-to-malaysia/
Like · 2 weeks · translate
cheng
MX30 in-house EV and Mazda 6e JV with Changan while developing its own in-house EV. And there's news that Mazda will ramp up its in-house EV platform offering new EV in 2027; possible SUV model.
Like · 2 weeks · translate
Choong Wc
Good road map for mazda but currently Bermaz Auto still lack of new development in new models.
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SUPER B
做生意求稳, 再求多。先稳定主业, 再发展副业。一样的道理。
Like · 2 weeks · translate
cheng
Deepal and Xpeng in the mean time while waiting for in house Mazda EV, Choong. I agreed with you that Bermaz is lacking in terms of new models and in fact, kinda late in the EV game; the CBU tax exemptions if you will. It is what it is and priced in from the share price perspective.
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Like · 2 weeks · translate
Choong Wc
Been wondering how come chinese car able to launch so quickly while Bermaz been talking about cx60 and cx80 since 2023 and Deepal since early 2024. Still no sign of launching for sale.
Like · 2 weeks · translate
KC Chiok
Chinese product launch - speed is everything
Japanese product launch - perfection is everything
that's why
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Kam Hong Yeap
7 million engineers in China now. More new outstanding cars n other innovations in near future.
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Yike
no more serringit Mazda
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Choong Wc
Haha china man are more aggressive and efficient like sharks when smell blood
Like · 2 weeks · translate
Choong Wc
Hi Cheng. Really do not know what is Bermaz strategy? Or maybe no strategy at all. HAHA. Really lack of aggressiveness
Like · 2 weeks · translate
cheng
BAuto missed the CBU tax exemptions timing badly with MX-30 arriving a year later and influx of China made cars, including EVs at the same time, Choong. They have started offering Xpeng and Deepal; better late than never. BAuto will have to manage it through until Mazda in house EVs and new Skyactiv engine models launch. Perhaps in late 2026 or 2027.
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3 Like · 2 weeks · translate
Choong Wc
Jaecoo launch another c and d segment suv killer. J8. With price tag 220k AWD. Mati la Honda CRV, VW Tiguan and etc. Mostly likely the unborn CX60 and CX80 too. Haizzz
Like · 2 weeks · translate
Choong Wc
New BMW X3 3L turbo price around 350k. Cx60 top specs most likely will price lower. Anyhow no point talking. Bermaz take forever to launch for sale
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Choong Wc
Xiomi SU7 also arrived in Malaysia. With all the chinese cars coming to malaysia it really make all the mainstream brand outdated and expensive
Like · 1 week · translate
SUPER B
Just focus on CKD Chinese car brand, like Chery, Jaecoo, GWM。。。 Next year CBU car will not be competitor for CKD car
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Choong Wc
DongFeng and ChangAn merge. Not sure will affect Deepal dealership or not? Haizzzz
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cw yeo
May be more car to be sold by BAUTO
Like · 1 week · translate
Choong Wc
With US sending shock wave around the world, will car become cheaper in order to make up the lost of sales in united States? Unfortunately bermaz is taking snail pace in launching new models
Like · 5 days · translate
SUPER B
关税风险是 汽车零件(芯片, 轮胎和电子原件)会涨价, 成本上涨, 车价可能也会上涨。担心的可能只有车价涨价。bermaz优势在于5年保修期, 零件涨价 没影响消费。
Like · 5 days · translate
SUPER B
越高端的车 对于芯片和电子原件的要求更高, 所以担心涨价负担不起 就买低端配备的车。
Like · 5 days · translate
Kam Hong Yeap
Petrol gushing cars were very high end only 5 years ago..
Like · 4 days · translate
Yike
got serringit car liao
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KC Chiok
please go hunt banking sector, way more productive!
Like · 4 days · translate
Choong Wc
Everything waterfall
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KC Chiok
nice! i like it!
Like · 4 days · translate
KW Chin
Good bargain hunting
Like · 4 days · translate
Choong Wc
Analysts predicts crude oil may drop to USD50 per barrel. If this the case petrol rationalisation may postpone. With EV tax exemption delay and low oil price, petrol car sales may pick up
1 Like · 4 days · translate
KC Chiok
a lot of people got hit with margin call as of now, journey is full of mist
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SUPER B
最近可以买外国车了, 最近应该会减价很多。因为关税太高, 车都会选择不卖美国, 折价卖给其他国家。。
1 Like · 4 days · translate
Kam Hong Yeap
Yup...On SUNDAY , ytd stockbrokers calling everyone with their margins to sell...play safe.."""""
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Choong Wc
Investment bank in US also asked their clients to add money
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Yike
political sabotage bot spread bad news to short market
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Choong Wc
blood everywhere. shark sure come
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Yike
bursa still tahan tight2..
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SUPER B
Nevermind, eat bread and porridge for this month. Next month we eat abalone.
Like · 4 days · translate
Choong Wc
Bermaz problems is not due to US tariffs but it's own. While others brand has been aggressively launching new models and offerings incentives to fight for sales, bermaz is still working at snail pace in countering the shrinking sales.
Like · 3 days · translate
Yike
no more serringit
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Choong Wc
Chery launched another c segment killer. Jetour only 117k for top specs. Mazda and others brace for impact la. Chinese car really create tsunami in malaysia car market
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Yike
today still strong ..
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Choong Wc
With recession coming, oil price will fall significantly. Oil price might remain the same for quite long time.
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Yike
today strong mean it's totally manipulation not follow trend
Like · 2 days · translate
Elton Chan
come on. Drop to 0.9
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Yike
tauke want draw longer sikit sideways..then baru jump to match next checkpoints..its really MCM drawing pictures
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牛
dont put high hope to up now, the car sales doesnt matter at all, its economy crisis soon
Like · 2 days · translate
Choong Wc
Mazda sales in March got improvement but Kia and Xpeng both remain very low. Not even 100 units for xpeng
Like · Yesterday · translate
KC Chiok
https://paultan.org/2025/04/10/top-20-cars-in-march-2025-bezza-axia-myvi-saga-alza-top-5-city-vios-outsell-s70-hr-v-beats-x50/
tarak dalam top 20
Like · Yesterday · translate
Choong Wc
Looks like Bermaz really need to continue pushing Mazda cars. Launch sales for new models ASAP. Kia and Xpeng really can't make any positive impact in malaysia
Like · Yesterday · translate
Choong Wc
Bermaz simply can't fail as now EPF is the 2nd largest share holder with 14 percent shares. This 14 percent belongs to all the EPF contributors. Bermaz already make all the contributors lost more than 50 percents of its value. If dividend also gone then the contributors really lost their saving
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Like · Yesterday · translate
KW Chin
Tonight, US red sea... Tomorrow Klse follow red likely...
1 Like · Yesterday · translate
Choong Wc
Bermaz need to achieve sales 1100 units of mazda cars to get same results as in 3rd quarter. If lower than that then earning will become worst
Like · 12 hours · translate
KC Chiok
that's bermaz target, consumer spending will shrink because everyone already anticipate economy downturn due to US Tariffs
Like · 12 hours · translate
Ashley Ma
on hold lar。even though paper loss only。Sale mean loss. Hold mean paper loss only.
Like · 12 hours · translate
SUPER B
Jetour Dashing RM109k, very attractive... How can it be so cheap...
Like · 12 hours · translate
KC Chiok
China made everything affordable
Like · 11 hours · translate
Choong Wc
thats y. initially when chinese car came in its seem like Bermaz the only one seriously impacted but now even proton has started making noise. Very soon perodua will be impacted when sub 100k chinese cars coming in
Like · 8 hours · translate
Yike
no more serringit car
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SUPER B
Now Jetour Dashing is CBU, later will CKD. 5 year free service & 7 year warranty.. C Class SUV wor~ Very competitive price.. Toyota & Honda also cannot fight the price.
Like · 1 hour · translate
Choong Wc
If they bring sub 100k and entry level cars, proton and perodua will be badly affected. Chery Tiggo 4 and Omoda C3 already in the pipeline. Direct competition to Ativa, Aruz, WRV and x50
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Choong Wc
With trade war going on China will definitely come to Asean to mitigate the lost of sales in western and Australia market. By that time Proton CEO concerns will become reality and China Cars will reshape our auto industry. Hope Bermaz can withstand this wave if not.....haizzz
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Like · 1 hour · translate