ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Nikkei Markets

MARKET BUZZ: Malaysia's Bermaz Auto At 4-Month High After RHB Raises To Buy

By Chong Sin Hao
Nikkei Markets
KUALA LUMPUR (Sep 11) -- Bermaz Auto up 3% at MYR2.09, highest since May after RHB Investment Bank upgrades to Buy from Neutral, raises target price to MYR2.30 from MYR2.15 on new SUV launch in late September. "FY18F earnings are on track to rebound on the back of the all new Mazda CX-5," says house in investor note, "we understand the new CX-5 would be immediately available in a CKD form at launch and would boost 2QFY18F earnings." Reviews of the new model already launched in other markets have been positive. Stock trades at 2018F P/E of 11.8x, below the three-year average of 12.3x. "Bermaz offers a base-case dividend yield of 5.8% that could be further enhanced by an additional MYR0.02 upon the completion of the Philippines IPO," adds house.
- By Chong Sin Hao;; +60320267363
- Edited By Lopamudra Bhattacharya
- Send Feedback to
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more