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Automotive Sector Update by Kenanga Research - Maintain Outper | Rakuten Trade Ideas 🎯

Automotive Sector Update by Kenanga Research - Maintain Outperform

Results post 1QCY23 saw improved earnings delivery, better margins.

Upbeat on sales volume as bookings remain strong with backlog of 275,000 units supported by new car models launch.

Top picks:-
Both have attractive dividend yields of around 7%

MBMR (5983) Target price RM4.60
BAUTO (5248) Target price RM2.90

肯纳格(Kenanga)研究部给予汽车行业更新 — 维持跑赢大市

23年第一季度的业绩显示,盈利交付有所改善,利润率有所提高。

由于新车型的推出,订单保持强劲,以及积压了27.5万辆,因此销量保持乐观。

以下是首选股:-
两家公司的股息收益率都在7%左右,颇具吸引力

MBM资源有限公司 (MBMR, 5983) 目标价为4.60令吉
柏马汽车 (BAUTO, 5248) 目标价为2.90令吉