Auto Sales Outlook Positive On Booking Backlog
Auto Sales Outlook Positive On Booking Backlog
The slight decrease of 1% in new vehicle sales in August 2024 is unlikely to stop the upward momentum of the auto sector.
2024年8月新車銷量小幅下降1%,這不太可能阻止汽車行業的上升勢頭。
New car sales, also referred to as Total Industry Volume (TIV), fell slightly month-on-month to 71,162 units in August despite aggressive promotion efforts as buyers digest government measures: e-invoicing, petrol subsidy rationalisation and civil servant pay hike.
新車銷量(也稱爲行業總銷量(TIV))在8月份略有下降至71,162輛,儘管買家消化了政府措施:電子發票、汽油補貼合理化和公務員加薪,但仍在積極推廣。
Nevertheless, with the 8-month volume making up 72% of the full-year projection of 740,000 units, analysts considered the number as meeting their expectation.
儘管如此,由於8個月的銷量佔全年預期的74萬輛的72%,分析師認爲這一數字符合他們的預期。
In general, the industry's earnings visibility is still good, backed by a booking backlog of 160,000 units.
總體而言,該行業的收益知名度仍然良好,這得益於16萬套的積壓預訂。
Kenanga's 2024 TIV forecast is a tad more conservative than the 765,000 units projected by Malaysia Automotive Association (MAA), pointing to e-invoicing and petrol subsidy rationalisation that could weigh down vehicle sales in the second half of 2024.
Kenanga對2024年TIV的預測比馬來西亞汽車協會(MAA)預測的76.5萬輛要保守一些,這表明電子發票和汽油補貼的合理化可能會拖累2024年下半年的汽車銷售。
While the affordable segment remains relatively unaffected, fuel subsidy rationalisation will likely hurt the demand for mid-market models, giving rise to a two-speed market locally.
儘管經濟實惠的細分市場仍相對不受影響,但燃油補貼的合理化可能會損害對中端市場車型的需求,從而在當地形成雙速市場。
Additionally, the recently announced pay raise for civil servants, 15% for the management and professional category and 7% for the upper management, could boost consumer spending power and push up car sales.
此外,最近宣佈的公務員加薪,管理人員和專業人員加薪15%,高層管理人員7%,這可能會提高消費者的消費能力並推高汽車銷售。
Analysts' top pick in the sector is MBM Resources Bhd (MBMR) with a target price of RM6.30. As at 4:19pm, MBMR's stock traded at RM5.78. (Google-hosted Bursa updates)
分析師在該行業的首選是mBM Resources Bhd(MBMR),目標價爲6.30令吉。截至下午4點19分,MBMR的股票交易價格爲5.78令吉。(谷歌託管的 Bursa 更新)
譯文內容由第三人軟體翻譯。