Broker Name: Maybank Investment Bank Berhad
Date of Report: March 13, 2026
Excerpt from Maybank Investment Bank Berhad report.
- Report Summary:
- Bermaz Auto Berhad (BAUTO) reported 9MFY26 core net profit of MYR57.4m, in line with expectations, despite a 58% year-on-year decline due to lower sales and associate losses. The company is showing signs of recovery with a strong quarter-on-quarter rebound in 3QFY26 profit, driven by new Mazda model launches, favourable forex, and stabilising associate operations.
- BAUTO’s recovery is supported by growing order backlogs, especially for new Mazda and XPeng vehicles, and improved margins. The company maintains a positive outlook with a revised target price of MYR0.95 and a “BUY” recommendation, expecting further growth from upcoming model launches and forex tailwinds.
Above is an excerpt from a report by Maybank Investment Bank Berhad. Clients of Maybank Investment Bank Berhad can be the first to access the full report from the Maybank Investment Bank Berhad website : www.maybank.com/investment-banking
