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Top News In Bermaz Auto Bhd Today - Breaking & Trending Today

Press Metal, MNC Wireless, Genetec, Hartalega, Alcom, UMW, MAHB, Censof, UEM Sunrise, BAuto, Chin Hin Group Property, Vizione, SEGi

KUALA LUMPUR (March 10): Based on corporate announcements and news flow today, companies in focus on Thursday (March 11) may include Press Metal Aluminium Holdings Bhd, MNC Wireless Bhd, Genetec Technology Bhd, Hartalega Holdings Bhd, Alcom Group Bhd, UMW Holdings Bhd, Malaysia Airports Holdings Bhd, Censof Holdings Bhd, UEM Sunrise Bhd, Bermaz Auto Bhd, Chin Hin Group Property Bhd, Vizione Holdings Bhd and SEG International Bhd.
Press Metal Aluminium Holdings Bhd has proposed to undertake a bonus issue of 4.04 billion new ordinary shares on the basis of one bonus share for every one existing share held on an entitlement date to be announced later. The group said the bonus issue is in line with the group s objective of rewarding its shareholders, apart from cash dividends. ....

Kuala Lumpur , Bukit Kayu Hitam , Malaysia General , Kota Perdana , Towerpack Sdn Bhd , Petaling Jaya , Chee Khoon , Eng Kim Leong , Sdn Bhd , Parkcity Sdn Bhd , Bhd Bauto , Censof Holdings Bhd , International Bhd Segi , Hartalega Holdings Bhd , Dutch Lady Milk Industries Bhd , Malaysia Airports Holdings Bhd , Alcom Group Bhd , Genetec Technology Bhd , Century Software Malaysia Sdn Bhd , Holdings Bhd , Scland Holdings Sdn Bhd , Metal Aluminium Holdings Bhd , Vizione Holdings Bhd , International Bhd , Movement Control , Chin Hin Group Property Bhd ,

Extension of tax exemption to spur new vehicles sales

Extension of tax exemption to spur new vehicles sales
AYISY YUSOF and AZANIS SHAHILA AMAN
© Provided by New Straits Times
As part of the short-term Penjana economic recovery plan to stimulate the economy, the government on Tuesday said it would continue providing full exemption on sales tax for new locally-assembled (CKD) units and 50 per cent exemption on sales tax for imported (CBU) cars until June 30 next year.
KUALA LUMPUR: Malaysia s automotive sector will be lacklustre without the extension of sales tax exemption as certain carmakers are facing supply disruption, industry officials and analysts said.
The government s decision to extend new vehicle sales tax exemption for six months would help to spur demand owing to a reduction in prices, they added. ....

Kuala Lumpur , Roslan Abdullah , Sime Darby Bhd , Proton Holdings Bhd , Public Investmen Bank Bhd Publicinvest , Tan Chong Motor Holdings Bhd , Malaysian Automotive Association , Straits Times Pressm Bhd , Maybank Investment Bank Bhd , Services Tax , Holdings Bhd , Bermaz Auto Bhd , Chong Motor Holdings Bhd , New Straits , Klang Valley , Investment Bank Bhd , Investmen Bank Bhd , New Straits Times Press , குவாலா லம்பூர் , ப்ரோடாந் ஹோல்டிங்ஸ் ப்ட் , பழுப்பு சோங் மோட்டார் ஹோல்டிங்ஸ் ப்ட் , மலேசியன் தானியங்கி சங்கம் , மேபேங்க் முதலீடு வங்கி ப்ட் , சேவைகள் வரி , ஹோல்டிங்ஸ் ப்ட் , சோங் மோட்டார் ஹோல்டிங்ஸ் ப்ட் ,

Stronger recovery path seen in automotive sector after vehicle sales tax exemption extended

KUALA LUMPUR (Dec 30): Analysts foresee a stronger recovery path for the automotive sector after the government announced a six-month extension to the new vehicle sales tax exemption until June 30, 2021.
Kenanga Research’s analyst Wan Mustaqim Wan Ab Aziz upgraded the automotive sector to overweight from neutral as he envisaged stronger recovery in 2021 with total industry volume (TIV) target at 585,000 units.
He opined that the news is a positive surprise for automakers and consumers which should prompt a buying frenzy over the next few months and relieve back-logged bookings.
“We believe the new volume-driven launches in 4QCY20 (i.e. Proton X50, Honda City and Nissan Almera) could help improve consumer sentiment with back-logged bookings to overflow into 2021 and boosted by the extension of sales and services tax (SST) exemption, seasonal promotions and new launches in the 2H (second half) of the year,” he said. ....

Kuala Lumpur , Nissan Almera , Angeline Chin , Pecca Group Bhd , Kenanga Research , Publicinvest Research , Holdings Bhd , Wan Mustaqim Ab Aziz , Honda City , Bermaz Auto Bhd , Hicom Bhd , Hwang Capital , Chow Wei Nien , Invest Research , Nur Farah Syifaa Mohamad Fu Ad , குவாலா லம்பூர் , நிசான் அல்மேரா , கோணல் கன்னம் , கெனாங்க ஆராய்ச்சி , ஹோல்டிங்ஸ் ப்ட் , வ்யாந் மஸ்டேகிம் அப அஜிஸ் , ஹோண்டா நகரம் , ஹ்வ்யாஂக் மூலதனம் , சோவ் வெய் நீஎன் , முதலீடு ஆராய்ச்சி ,

CCM, NWP, Pecca, Reservoir Link, Bermaz Auto, Pegasus Heights, Hai-O, PCCS, Gas Malaysia, PLS Plantation, Fintec, NetX, Puncak Niaga and NTPM

KUALA LUMPUR (Dec 17): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Dec 21) include: Chemical Company of Malaysia Bhd, NWP Holdings Bhd, Pecca Group Bhd, Reservoir Link Energy Bhd, Bermaz Auto Bhd, Pegasus Heights Bhd, Hai-O Enterprise Bhd, PCCS Group Bhd, Gas Malaysia Bhd, PLS Plantation Bhd, Fintec Global Bhd, NetX Holdings Bhd, Puncak Niaga Holdings Bhd and NTPM Holdings Bhd.
Seasoned investor Pui Cheng Wui has emerged as a substantial shareholder of
Chemical Company of Malaysia Bhd (CCM) after acquiring 27.03 million shares or a 16.12% stake in the company. The move comes just a month after Batu Kawan Bhd announced the acquisition of a 56.32% stake in CCM from Permodalan Nasional Bhd. Pui’s purchase of the 16.12% stake was made in the open market on Dec 16. The block of shares would have cost him RM83.26 million based on the closing price of RM3.08 on Dec 16. ....

Kuala Lumpur , Negeri Sembilan , Hong Kong , Sdn Bhd , Ikhlasi Bina Sdn Bhd , Kawan Bhd , Sukuk Wakalah , Permodalan Nasional Bhd , Puncak Niaga Holdings Bhd , Netx Holdings Bhd , Gas Malaysia Energy , First United Technology Ltd , Services Sdn Bhd , Energy Commission , Pecca Group Bhd , Chemical Company Of Malaysia Bhd , Group Bhd , Reservoir Link Energy Bhd , Holdings Bhd , Shanghai Shenqi Medical Co Ltd , Chemical Company , Malaysia Bhd , Bermaz Auto Bhd , Pegasus Heights Bhd , Haio Enterprise Bhd , Gas Malaysia Bhd ,

Analysts trim BAuto earnings forecasts, but highlight strong net cash position

KUALA LUMPUR (Dec 11): Analysts have trimmed their forecasts for Bermaz Auto Bhd (BAuto) as its sales margins have yet to recover fully despite the company posting stronger earnings for the second quarter ended Oct 31, 2020 (2QFY21).
The car distributor s core net profit for the first half ended Oct 31, 2021 (1HFY21) came in below their estimates and that of the consensus as well.
MIDF Research analyst Hafriz Hezry said while the margin of earnings before interest and tax (EBIT) was up 1.5 percentage points at 5.7%, it was still compressed by the six plus six years of free warranty and maintenance promotion.
Though the additional one year (against five years originally) has to be full provided for in the profit and loss [statement], the impact on its cash flow is not as significant since the cars that are sold only return for servicing on a gradual basis. ....

Kuala Lumpur , Mohd Shanaz Noor Azam , Sdn Bhd , Daniel Wong , Bhd Bauto , Hafriz Hezry , Berjaya Auto Alliance Sdn Bhd , Hong Leong Investment Bank , Bermaz Auto Bhd , Mazda Malaysia Sdn Bhd , Its Philippine , குவாலா லம்பூர் , மொஹட் ஷனாஜ் நூர் அஸாம் , ஸ்டன் ப்ட் , டேனியல் வோங் , பெர்ஜயா ஆட்டோ கூட்டணி ஸ்டன் ப்ட் , ஹாங் லியோங் முதலீடு வங்கி , மாஜ்த மலேசியா ஸ்டன் ப்ட் , அதன் பிலிப்பைன் ,