Posted by nisah395 > 1 week ago | Report Abuse

Going to break 52w low?

Posted by Mabel > 1 week ago | Report Abuse

Sime Plantation and Property are doing well...
It has to be coming from Sime Group...

The only explanation is due to rationalization of fuel subsidy..

Posted by All_in_2021 > 1 week ago | Report Abuse

i think China operation is dragging it down as well. Let's wait for the QR and decide

Posted by 1DERFUL > 1 week ago | Report Abuse

https://www.youtube.com/watch?v=DCYP8Zhp7w0

Posted by Mabel > 1 week ago | Report Abuse

KUALA LUMPUR (Nov 13): Total new vehicle sales in Malaysia, also known as total industry volume (TIV), dropped 8% in October to 69,859 units from 76,173 units sold in the same month last year, according to the Malaysian Automotive Association (MAA).

Of the new vehicle sales in October, passenger vehicles made up 64,322 units — down 6% from 68,721 units in October last year — while commercial vehicle sales fell 26%, to 5,537 units from 7,452 units.

Nevertheless, October’s TIV is up 20% from September’s 58,032 units, driven by year-end promotions and an extended working month.

This raised TIV for January to October to 664,002 units, up 2.4% over the same period's 648,130 units last year. This comprised 608,225 passenger vehicles (up 5% from 581,672
in January-October 2023), and 55,777 units of commercial vehicles (down 16% from 66,458 units previously).

For November, MAA is expecting new vehicle sales to be higher than October's level.

Vehicle production fell 4% y-o-y

Total new vehicle production in October fell by 4% to 71,196 units from 74,191 units last year, with passenger vehicles dropping 4%, while commercial vehicles fell 9%.

Nonetheless, new vehicle production in January-October this year climbed 4% to 664,246 units versus 640,633 units in the corresponding period last year.

In July, MAA raised its vehicle sales forecast for this year by 3.38% following strong sales in the first half of the year. TIV is expected to come in at 765,000 units for 2024 compared with the 740,000 units projected at the start of the year.

Based on the total vehicles sold so far this year of 664,002 units, at least another 100,998 units will have to be sold within the next two months to achieve MAA's target.

Posted by terribleinvestor > 1 week ago | Report Abuse

my holdings dropped 10% so far, no reason why this keeps dropping....should i hold long term?

Posted by All_in_2021 > 1 week ago | Report Abuse

Due to reduction in vehicles demand (more of normalisation comparing to previously such a huge demand for vehicles - clearly can see it with the long waiting time against now). Also, not sure how China's business will turn out as due to poor economy. I think is for u to think if this QR will be good or bad, then u can decide to hold longer term or cut loss

Posted by ImCK > 1 week ago | Report Abuse

sime darby already close down a lot china branch will see how it improve later
china already launch stimulus package to market

Posted by Mabel > 1 week ago | Report Abuse

Car sales in Malaysia could hit 800,000 units this year, says MAA

BY LUQMAN AMIN THEEDGEMALAYSIA.COM

KUALA LUMPUR (Nov 14): The Malaysian Automotive Association (MAA) said the country’s new car sales volume or total industry volume (TIV) could reach 800,000 units this year, driven by strong year-end promotions and robust demand for national cars.