Quick take: Bermaz Auto up 5% on positive results

13 Jun 2019 - The Star Online
KUALA LUMPUR: Bermaz Auto Bhd jumped 5% a series of brokerages reiterated "buy" on the stock, following the release of its positive earnings. The sole distributor of Mazda vehicles in Malaysia rose 5%, or 12 sen to RM2.52 with 1.4 million shares. Bermaz’s net profit jumped 89.5% to RM265.26mil in the ...
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CIMB Research retains Add for Bermaz, higher target price

13 Jun 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation for Bermaz Auto Bhd with a higher target price of RM3.30 still based on 14 times CY20F P/E, in line with the target sector P/E. It said on Thursday Bermaz is its top sector pick due to its robust growth prospects, driven by multiple ...
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Bermaz Auto FY19 net profit jumps to RM265m, dividends 10.5c

12 Jun 2019 - The Star Online
KUALA LUMPUR: Bermaz Auto Bhd 's net profit jumped 89.5% to RM265.26mil in the financial year ended April 30, 2019, underpinned by higher revenue and improvement in gross profit margin from the domestic operations, and a significantly higher share of profit contribution from its associate Mazda Malaysia ...
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Quick take: Bermaz Auto up 9% on positive results, earnings prospects

14 Mar 2019 - The Star Online
KUALA LUMPUR: Shares of Bermaz Auto jumped 9% in early trade Thursday after some analysts upgraded their target price on the stocks, following the release of its third quarter results. The counter rose 9.38%, or 21 sen to RM2.45, its highest since June 2018 with over two million shares traded.
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Bermaz Auto targets to sell 19,000 Mazda units in FY19

14 Mar 2019 - The Star Online
KUALA LUMPUR: Bermaz Auto Bhd is targeting 19,000 units from Malaysia and the Philippines in FY19F, CIMB Equities Research says. In its research note issued on Thursday, it said the sales target implied a softer 4QFY19 in view of the competitive market and cautious consumer sentiment due to uncertainties ...
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Mazda SUV drives Bermaz Q3 sales to new high

13 Mar 2019 - The Star Online
KUALA LUMPUR: Bermaz Auto Bhd enjoyed its best quarterly sales growth in the three months ended Jan 31, driven by strong demand for Mazda SUV models. Revenue rose 39% to RM778mil from a year ago, while net profit doubled to RM81mil.
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Kenanga maintains outperform on Bermaz Auto, raises TP to RM2.80

8 Mar 2019 - The Star Online
KUALA LUMPUR: Kenanga research is expecting an improved 3QFY19 for Bermaz Auto Bhd due to stronger local Mazda sales from a continued recovery in the supply of the all-new CX-5. Kenanga estimates 3QFY19 PATAMI of about RM75mil, which is 86% higher year-on-year.
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Bermaz Auto's sales momentum to continue

3 Jan 2019 - The Star Online
KUALA LUMPUR: Bermaz Auto Bhd is expected to continue seeing robust sales momentum in F19-21E on continued demand for new car model launches, said Affin Hwang Capital research. The research house said the expected launch of the all-new Mazda 3, all-new M6 and all-new CX-8 should push sales forward in ...
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Bermaz Auto H1 results beat forecast, says CIMB Research

13 Dec 2018 - The Star Online
KUALA LUMPUR: Bermaz Auto results for the first of its financial year 2019 (1HFY19) Bermaz’s revenue grew by 36% on-year due to stronger sales in Malaysia (+67%), in spite of the weaker sales in the Philippines (-38%) due to the implementation of the Tax Reform for Acceleration and Inclusion law in January ...
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Bermaz Auto sales expected to normalise in 2H19

6 Dec 2018 - The Star Online
KUALA LUMPUR: Bermaz Auto Bhd 's sales are expected to normalise in 2H19 as it recorded an all-time quarterly high for sales in 2Q19 from the supply recovery. "We expect 2Q19 PATAMI of RM77.9M (+55% QoQ, +251% YoY) buoyed by the all-time high for quarterly Malaysian sales in 2Q19 at 4,802 units (+44% ...
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