Can Automotive TIV Continue Into 2023?
Jim Lim, Equity Analyst, RHB Investment Bank.
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Share price gains for the Malaysian automotive sector have been decent in 2022 with most stocks showing gains led by Bermaz Auto which was up 35%. This is on the back of strong TIV sales for 11M22 which rose 45% yoy to 642,306 units underpinned by healthy backlog orders received prior to the sales and service tax (SST) holiday expiry on 30 June 2022. However, with a looming global recession and higher interest rates moving in 2023 coupled with the expiry of the SST holiday, how will the sector perform in 2023? For insights, we speak to Jim Lim Equity Analyst at RHB Investment Bank.
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Produced by: Chong Tjen San, Sim Wie Boon
Presented by: Chong Tjen San, Wong Shou Ning
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Categories: economy, markets, Corporates
Tags: automotive sales, sst, automotive industry, evs,