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Bermaz Auto to see strong sales in H2 23
The firm posted a 9.2% quarter-on-quarter rise in revenue.
Vehicle distribution firm, Bermaz Auto Berhad in Malaysia, will see stronger sales in the second half of 2023 due to a robust backlog of orders, analyst, CGS-CIMB said.
Bermaz Auto’s (BAuto) 2QFY4/23 revenue rose 9.2% qoq, mainly due to higher sales volume in Malaysia (+11% qoq to 4,342 units).
The broker also increased its forecast for Bernaz's EPS by 10% to 16%
According to CGS-CIMB, Bernaz's order backlog stands at 10,000 units, with 85% coming from Mazda, 12% from Kia, and 3% from Peugeot.
