External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Honda Atlas Car (HCAR) conducted its corporate briefing on 1QMY25 performance and to discuss current and future operational dynamics.</li><li>This year, there were no issues with the opening of LCs; however, subdued demand and a shrinking economy led to lower revenues.</li><li>Localization levels for different HCAR models are as follows: Civic over 60%; City 73%; BRV and HRV is less than 50%.</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>

Honda Atlas Car (HCAR) conducted its corporate briefing on 1QMY25 performance and to discuss current and future operational dynamics.This year, there were no issues with the opening of LCs; however, subdued demand and a shrinking economy led to lower revenues.Localization levels for different HCAR models are as follows: Civic over 60%; City 73%; BRV and HRV is less than 50%.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.

Topline Flash Note: Honda Atlas Cars (HCAR): Corporate Briefing Key Takeaways