Posted by ImCK > 2020-06-08 12:11 | Report Abuse

original value should be RM2 above

Posted by JJchan > 2020-06-08 12:37 | Report Abuse

Check above Tp give by Bankers in 2019-----highest is 2.70----should hit RM3 end year (or tomolo
hahahaha)

Posted by Stockhunter88 > 2020-06-08 12:46 | Report Abuse

Just take your epf money sailang this counter lar tbh.. Dividend yield alone already so lucrative, capital gain is bonus

Posted by Stockhunter88 > 2020-06-08 12:48 | Report Abuse

Sorry not epf money, was meant for fd money lol

Posted by tws13282 > 2020-06-08 21:43 | Report Abuse

their car design is very nice. wait until 3.0 sell share and buy their car hahahaa. just kidding

Posted by Invicibletrader > 2020-06-08 21:55 | Report Abuse

Tomorrow, buying at opening.

Posted by mbge7clt > 2020-06-08 21:57 | Report Abuse

economy no good, ppl will buy car??

Posted by Desmond_of_KLSE > 2020-06-08 23:35 | Report Abuse

economy no good doesn't mean people no money. Black money is much more than central bank of Malaysia.

Posted by lambotiger > 2020-06-08 23:58 | Report Abuse

TA on BAUTO - https://twitter.com/TTRSI7/status/1270013456809259011

Posted by amytrojan > 2020-06-09 07:03 | Report Abuse

I bought in at rock bottom price.

Posted by mason > 2020-06-09 08:52 | Report Abuse

Economy not good but there are also investor(traders to be specific) earn a lot during this MCO period, specially on glove counters. Some around me already eyeing to change high end cars!!!

Posted by paperplane > 2020-06-09 11:03 | Report Abuse

malaysian got lots of money lah, you see all corrupted dude walkaway freely, malaysian ok je

Posted by paperplane > 2020-06-09 12:45 | Report Abuse

1.65 ,sui sui. 1.80 soon. Tax is big catalyst

Posted by amytrojan > 2020-06-09 12:46 | Report Abuse

Solid up...so fulfilling...YES!!

Posted by Exnstp > 2020-06-09 13:45 | Report Abuse

TP: RM2.30

Posted by RainT > 2020-06-09 14:28 | Report Abuse

IB target price mana can trust one

before this when MCO, i read the research write so bad and gloom on BAUTO

Now what happen? really can predict

Posted by RainT > 2020-06-09 14:28 | Report Abuse

ownself need to do homework & research

Posted by miracledan > 2020-06-09 15:57 | Report Abuse

Good time to invest some into automobile industry

Posted by amytrojan > 2020-06-10 21:00 | Report Abuse

Anal-yst? U trust them? Hahahaha

Posted by sparkrider > 2020-06-10 21:09 | Report Abuse

https://mp.weixin.qq.com/s/jnu6Yst_HMdOKYzLKeK4LA

Posted by IronShirt > 2020-06-11 09:20 | Report Abuse

Last 3 day Vol. almost 50mil shares traded....today hardly any Sell parking. Basically Bankers had
Sapu All. Really this is a Institutional Stock

Posted by Seeyounoup > 2020-06-11 10:15 | Report Abuse

haha.same goes to few stocks out there. IB and institutional sapu previously, u masuk now u kena

Posted by tws13282 > 2020-06-11 12:54 | Report Abuse

will qr out tomorrow?

Posted by Stockhunter88 > 2020-06-11 13:06 | Report Abuse

My fd counter... Going strong.. Zoom zoom

Posted by Stockhunter88 > 2020-06-11 13:06 | Report Abuse

Though I don't favor their product

Posted by Sashay88 > 2020-06-11 15:18 | Report Abuse

NICE !!!

Posted by birkincollector > 2020-06-11 18:06 | Report Abuse

walaoer the results

Posted by Danson Ang > 2020-06-11 18:12 | Report Abuse

oohh no.....super terrible result

Posted by limitupupup > 2020-06-11 18:45 | Report Abuse

bauto bauto, this time really bauto （包倒in hokkien) !!!

Posted by Louise4 > 2020-06-11 18:48 | Report Abuse

Result so bad! Cut loss, moved to Pecca.

Posted by Stockhunter88 > 2020-06-11 18:53 | Report Abuse

errr.. people above expecting bermaz to have equal or better than preceding year quarter?

Posted by tws13282 > 2020-06-11 18:59 | Report Abuse

no divident :((

Posted by RainT > 2020-06-11 19:25 | Report Abuse

tomorrow gap down please

faster sell and run

i want buy cheap

Posted by RainT > 2020-06-11 19:27 | Report Abuse

already know to all that is smart

this quarter covers frm Feb to Apr 2020, within MCO period

profit big drop but still make profit, not make loss , what else u all expect?

Posted by RainT > 2020-06-11 19:28 | Report Abuse

this few days up is due to PENJANA prospect

that is yet to reflect anything in BAUTO recent finance report

Posted by RainT > 2020-06-11 19:29 | Report Abuse

invest in what other cannot see but u have confidence that u can

not invest on the past and what everyone on the road already know it

Posted by jibbie > 2020-06-11 20:00 | Report Abuse

Put into watch list

Posted by lancefire > 2020-06-11 20:06 | Report Abuse

Lols yalo. Expected what. Who buys car during MCO haha...

Posted by memorylane > 2020-06-11 20:29 | Report Abuse

this quarter report is for 1 Feb to 30 April.... 50% of the period showroom is closed... i thought it will be fall into negative/in lost... seem the worse quarter is over now.... i think showroom reopen at 4 May right.... ?

Posted by lancefire > 2020-06-11 20:34 | Report Abuse

Correct!

Posted by mason > 2020-06-11 21:06 | Report Abuse

@memorylane

I have the same thought with you.

Furthermore those that book car before the MCO period not able to take their new car during 18mar until quarter end which cause the Q4FY20 look bad.

So in theory this revenue will then reflect in Q1FY21, right? correct me if i am wrong.

So nothing to be surprise, just pity for those who buy car and loan approved before MCO and cant get car during MCO then now got sales tax exempt. Alike double loss.

Posted by Khaz > 2020-06-11 21:50 | Report Abuse

Mazda car so expensive, time for big discount!

Posted by Danson Ang > 2020-06-11 22:06 | Report Abuse

Dow jones & sp500 drop like shit now, plus this teribble result, tmr sure lao sai all red

Posted by tws13282 > 2020-06-11 22:57 | Report Abuse

together dont buy car, wait gov announced duty free baru buy

Posted by 5354_ > 2020-06-12 06:23 | Report Abuse

No dividend why 1.62 cheap?

Posted by Good123 > 2020-06-12 08:27 | Report Abuse

expecting big fall today. 

According to Bermaz, the lower sales volume in Malaysia for FY20 was mainly attributed to the delay in delivery of the new facelift CX-5 and all new CX-8 models, caused by resolution of certain pricing issues as well as the closure of businesses due to the MCO.

PETALING JAYA: BERMAZ AUTO BHD, Malaysia’s sole distributor of Mazda vehicles, expects its performance for the financial year ending April 30,2021, to remain very challenging.

It also said any launch of new or facelifts Mazda models would depend on the market sentiments and economic conditions.

Amid the challenging landscape, Bermaz said appropriate austerity measures were being implemented to mitigate the current conditions such as tightening of operational costs and overheads.

“New marketing strategies via e-platform have been introduced to cater for the “new normal” such as wearing face masks, social distancing and conducting meetings via the internet, ” it said in its filings yesterday.

The group filed its worst-ever quarterly results since its listing in 2013 after the movements restrictions in Malaysia and the Philippines due to Covid-19 resulted in zero car sales in the mid-March to mid-May period.

The group’s net profit plunged by nearly 96% year-on-year (y-o-y) to RM2.06mil in the fourth quarter of financial year 2020 ended April 30 (4Q20). A year earlier, Bermaz’s net profit was recorded at RM60.06mil.

The drastic drop in profitability was due to the exceptionally low profit contribution from both the domestic and Philippine operations, and lower share of profit contribution from one of its associated companies, Mazda Malaysia Sdn Bhd.

“Concurrently, the group also incurred expenses relating to the group’s Employees’ Share Scheme amounting to RM0.8mil in the quarter under review as compared to RM1.2mil in the preceding year’s corresponding quarter, ” Bermaz told the stock exchange yesterday.

As a result of the poor bottomline, Bermaz’s earnings per share in the three-month period dropped to 0.21 sen as compared to 5.18 sen a year earlier.

Its revenue also fell by 44.4% y-o-y in 4Q20 to RM299.4mil, following a drop in sales volume from both the domestic and Philippine operations.

“In Malaysia, no vehicle sales were recorded as the Jabatan Pengangkutan Jalan Malaysia was closed due to the Movement Control Order (MCO) imposed by the government from March 18 until May 12.

“Similarly in the Philippines, vehicle ownership certificates could not be generated and hence, no vehicle sales were registered during the Enhanced Community Quarantine imposed by the government in Metro Manila and other areas, from March 17 until May 15, ” stated Bermaz.

No dividend was declared for the fourth quarter.

For the full financial year of 2020 (FY20), Bermaz’s net profit was down by nearly 62% y-o-y to RM100.51mil, largely due to weaker revenue, which has declined by 30.2% y-o-y to RM1.76bil.

The weaker revenue was largely due to lower sales volume from both the domestic and Philippine operations.

According to Bermaz, the lower sales volume in Malaysia for FY20 was mainly attributed to the delay in delivery of the new facelift CX-5 and all new CX-8 models, caused by resolution of certain pricing issues as well as the closure of businesses due to the MCO.

“Previous financial year recorded significantly higher unit sales mainly due to the three-month “Sales Tax holiday” period and also boosted by the group’s promotional campaign in absorbing the sales tax, ” it added.

   

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Posted by Good123 > 2020-06-12 08:28 | Report Abuse

many good used cars also flooded the market due to cash hungry citizens

Posted by Louise4 > 2020-06-12 11:41 | Report Abuse

didnt expect such poor results. Cut loss & took up Pecca while still cheap.

Posted by Stockhunter88 > 2020-06-12 11:43 | Report Abuse

Who dead fish cut loss/gain at 1.41? So smart

Posted by lancefire > 2020-06-12 12:11 | Report Abuse

Wow great rebound!

Errr... why pecca supporter spamming all the auto forums ah? if doing good then no need to promote dy right. lol