首页 社会内容详情
More high-margin cars seen from BAuto

More high-margin cars seen from BAuto

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

精彩足球推荐分析www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。精彩足球推荐分析上足球分析专家数据更新最快。精彩足球推荐分析开放皇冠官方会员注册、皇冠官方代理开户等业务。

,Bermaz Auto recently launched its all-new Mazda CX-8, a completely-knocked-down (CKD) model that is expected to further intensify the current backlog orders.

PETALING JAYA: Bermaz Auto Bhd (BAuto) is expected to launch more high-margin vehicles, especially sports-utility vehicles (SUVs) and electric cars which may drive earnings growth.

The auto distributor recently launched its all-new Mazda CX-8, a completely-knocked-down (CKD) model that is expected to further intensify the current backlog orders.

Amid rising inflation, Kenanga Research believes Mazda CX-8’s higher pricing point at RM3,000 is to safeguard BAuto’s margin due to an increase in operational cost.

“The Mazda CX-8 accounted for as high as 15% and 30% of BAuto’s total unit sales and revenue, respectively,” it said in a report.

“Mazda’s current backlog orders is at 10,000 units, to be fulfilled by the first quarter of next year, further cementing its high profit margin position without the need to fork out additional cost to absorb sales and service tax for orders before June 30, 2022,” it added.

Both 30%-owned Mazda Malaysia Sdn Bhd and 29%-owned Inokom Corp Bhd, the associates of BAuto, are expected to boost capacity, capitalising on the exciting new CKD launches including the CX-8 for the export market.

Kenanga Research expects both plant utilisation rate to rise above 50% over the next three quarters, compared with a 30% utilisation rate in the financial year 2021, especially with the expected arrival of automotive parts following the recent reopening of Shanghai Port.

According to the research house, there is growing demand for SUVs and electric vehicles (EVs), which are seeing rising awareness as the global EV volume increased by 120% in 2021.

“In response to the EV niche market demand, BAuto launched the all-new MX-30 EV completely-built-up units (CBU) and all-new KIA EV-6 GT-Line AWD CBU with limited units for the first batch to test the response for a larger CBU volume or a shift towards CKD production,” it said.

It added that on average, CKD margin is higher by 5% over CBU.

BAuto has the highest profit after tax (PAT) margin among automakers, commanding an average of 8% compared to the average PAT margin of both local and Japanese peers at 5%, according to Kenanga Research.

The research house favours BAuto as it offers the highest number of high-margin new launches and the highest profit after tax and minority interest margin, which is head and shoulders compared to its peers.

It reiterates its “outperform” call on BAuto with a target price of RM2.30 per share.


转载说明:本文转载自Sunbet。
  • 皇冠APP下载(www.hg108.vip) @回复Ta

    2022-07-15 00:03:24 

    6月14日凌晨,连日暴雨导致赣龙铁路金峰山站至长汀站区间发生局部路堤塌陷,经过连夜抢修,该路段已于今天(6月18日)上午8时30分恢复通车。铁路方面表示,下一步将继续加强雨量监测和修复路段的动态检测,确保线路安全畅通。
    很好嘛

发布评论