External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Bermaz Auto Bhd (BAuto) 1QFY24 net profit doubled YoY to RM100.2m, mainly attributed to the increase in overall sales volume and higher contribution from its Mazda marque, particularly the CX-30 CKD model and continued fulfillment of the balance backorders for Mazda 3.</li><li>The results beat both our and consensus expectation, accounting for 46.8% and 38.3% of full-year estimates respectively.</li><li>The discrepancy in our numbers was mainly due to balance backorders for Mazda 3. While new bookings and TIV continue to expand, we remain cautious and expect some normalisation in the near future considering the expiry of the SST holiday, uncertainties surrounding global economies amid the rising interest rate environment. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Bermaz Auto Bhd (BAuto) 1QFY24 net profit doubled YoY to RM100.2m, mainly attributed to the increase in overall sales volume and higher contribution from its Mazda marque, particularly the CX-30 CKD model and continued fulfillment of the balance backorders for Mazda 3.The results beat both our and consensus expectation, accounting for 46.8% and 38.3% of full-year estimates respectively.The discrepancy in our numbers was mainly due to balance backorders for Mazda 3. While new bookings and TIV continue to expand, we remain cautious and expect some normalisation in the near future considering the expiry of the SST holiday, uncertainties surrounding global economies amid the rising interest rate environment. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bermaz Auto Berhad  - Expecting Sales Normalisation