Mazda car from Bermaz - Photo Bermaz
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.
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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