PETALING JAYA: The local automotive sector’s total industry volume (TIV) is projected to record between 555,000 and 600,000 units this year, say analysts.
This reflects potential improvement in sales growth by 9% to 17.9% year-on-year (y-o-y).
“Since most companies within the sector rely on domestic demand, earnings would be somewhat shielded from the impact of geopolitical conflicts,” said AmInvestment Bank Research which remained positive on the sector’s prospects.
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