Bermaz Auto profit sends shares up 2.4%

14 Sep 2018 - The Star Online
KUALA LUMPUR: Shares of Bermaz Auto Bhd moved higher Friday morning after the company reported a 2.5 times surge in net profit in the first quarter ended July 31. The counter rose 2.42%, or five sen to RM2.12. Bermaz Auto’s net profit for its first quarter surged more than two-fold to RM50.2mil from ...
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Bermaz Auto full-year results beat expectations, says PublicInvest

13 Jun 2018 - The Star Online
KUALA LUMPUR: PublicInvestment Research said Bermaz Auto Bhd 's full year FY18 net profit of RM140.1mil was slightly above its expectations, but within consensus, due to better-than-expected contribution from its associate Mazda Malaysia. The research house maintained its earnings forecasts and outperform ...
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CIMB Research retains Hold for Bermaz at RM2.30 TP

13 Jun 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research is retaining its Hold call for Bermaz Auto Bhd with a higher target price of RM2.30 from the previous RM2.14. It said on Wednesday it raised its FY19-20F EPS by 2%-3% to account for higher associates’ profit contribution. CIMB Research said the higher target price ...
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Bermaz outlook remains positive, says RHB

13 Mar 2018 - The Star Online
KUALA LUMPUR: RHB Investment Research sid Bermaz Auto Bhd 's 3QFY18 earnings rebounded strongly on-year by 61.2%, in line with its expectations. "Earnings were driven by robust sales volumes, in both Malaysia and the Philippines on the back of the all-new CX-5 in addition to improved margins. "We expect ...
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Bermaz Auto share price rises on higher profits and sales

13 Mar 2018 - The Star Online
KUALA LUMPUR: Shares in Bermaz Auto Bhd (BAuto) lifted more than 9% after the firm announced a rise in profits and sales in the third quarter ended Jan 31. The counter rose 19 sen, or 9.41% to RM2.21 with 1.3 million shares traded. BAuto-CT gained 6.5 sen, or 108.3% to 12.5 sen while BAuto-CV fell 0.5 ...
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CIMB Research downgrades Bermaz to Hold on weaker earnings

11 Dec 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research has downgraded Bermaz Auto Bhd from Add to Hold in view of the weaker earnings delivery and rising competition in the crowded sports utility vehicles (SUV) segment. It said on Monday this was due to the impending entry of the new Toyota CHR in 1QCY18 and the ongoing ...
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CIMB Research keeps Underweight call on auto sector, Bermaz top pick

19 Oct 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research is retaining its Underweight rating on the automobile sector with Bermaz as its top pick due to its attractive earnings recovery outlook. It said on Thursday the sector trades at 1.1 times CY18F price-to-book value (P/BV), in line with its three-year mean. “However, ...
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CIMB Research retains Add for Bermaz, uchanged target price at RM2.30

12 Oct 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research is retaining its earnings forecasts for Bermaz Auto Behd and target price of RM2.30 which is based on 13 times CY19 price-to-earnings (P/E), which is a three year historical mean. It said on Thursday Bermaz also offers an attractive 6.3% FY18 yield, adding that ...
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Bermaz Q1 results below forecast, says CIMB Research

12 Sep 2017 - The Star Online
KUALA LUMPUR: Bermaz Auto Bhd ’s results for the first quarter ended July 31, 2017 (1QFY4/18) were below expectations at 12%/11% of CIMB Equities Research/Bloomberg consensus' FY4/18F. It said on Tuesday the weaker results were due to lower-than-expected margin from CX-5 run-out sales incentives. Bermaz ...
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Bermaz Q1 earnings fall 50% on lower sales volume

11 Sep 2017 - The Star Online
KUALA LUMPUR: Bermaz Auto Bhd 's first quarter earnings ended July 31 sank 50.8% to RM20.2mil from RM41.11mil in the previous corresponding quarter as revenue fell on lower sales volume, profit margins and contributions from Mazda Malaysia. The group has declared a dividend of 1.5 sen per share. For ...
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