Broker Name: UOB Kay Hian

Date of Report: 13 March 2026

Excerpt from UOB Kay Hian report

• Report Summary
• Bermaz Auto’s 3QFY26 results exceeded expectations, driven by higher sales volumes and improved margins, especially from robust demand for Mazda 3 and Xpeng vehicles.
• The broker maintains a BUY call with an increased target price of RM1.08, citing sustained sales momentum, margin recovery, and potential upside from new Mazda model launches and a strong dividend yield.

Above is an excerpt from a report by UOB Kay Hian. Clients of UOB Kay Hian can be the first to access the full report from the UOB Kay Hian website: https://research-api.uobkayhian.com/assets/disclaimer/df64a6ea-7980-447c-ae9e-fd19b93257dc