Auto Sales Outlook Positive On Booking Backlog
Auto Sales Outlook Positive On Booking Backlog
In general, the industry's earnings visibility is still good, backed by a booking backlog of 160,000 units. 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。
