BAuto likely to achieve sales target on strong bookings, new launches

TheStar Fri, Sep 15, 2023 12:00am - 8 months View Original


Maybank IB Research says it feels positive about the auto group’s prospects.

PETALING JAYA: Bermaz Auto Bhd (BAuto) is on track to achieve its target of 24,000 vehicle sales for financial year 2024 (FY24), according to Maybank Investment Bank (Maybank IB) Research.

The target is achievable driven by strong bookings, improved supply chain and upcoming launches, said the research house.

Following BAuto’s recent results briefing, Maybank IB Research said it came away feeling positive on the auto group’s prospects.

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