Bermaz Auto Forecasts Resilient Markets, Promises High Dividend Yields
Bermaz Auto Bhd (BAuto) projects resilience in key markets, fueled by robust 1H24 sales and strong backorders.
UOB Kay Hian Research anticipates sustained momentum, expecting a 9% dividend yield, including a special dividend. Malaysian operations are poised for growth, with Philippine operations showing improvement.
Bermaz Auto Forecasts
The launch of premium models like CX60 and CX90 aims to boost sales and margins. Despite a projected 28% dip in 2H24 earnings, FY24 revenue and earnings are forecasted to rise by 12.8% and 2.4% respectively.
BAuto’s dividend policy and net cash position suggest potential for another special dividend, yielding 9% for FY24.
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