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1,819 comment(s). Last comment by planta at Oct 5, 2021 5:21 PM
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RaksasaKambing
87 posts

Posted by RaksasaKambing > Jul 14, 2021 9:36 AM | Report Abuse

One thing to note is how automotive sales work. If you're in F&B and you close for 2 months, those two months are lost because people will just have to get their food elsewhere. When you open back, they don't come and buy the quantity of food they lost for 2 months. Whereas when it comes to buying vehicles, if you are going to buy a car in 2021/22, it doesn't matter that you can't buy during a certain month. The pent-up demand will come back when the stores re-open.

With that said, it is still important that the economy does well. If people don't have money, they can't buy cars. But overall I do not expect the total sales to be much affected by the intermittent closures. More important is whether production levels stay up and the marques we invest in continue to offer competitive models that the market wants.


wallstreetrookie
5496 posts

Posted by wallstreetrookie > Jul 21, 2021 4:10 PM | Report Abuse

With fewer new cars being made amid a shortage in critical semiconductors, both retail consumers and rental car companies have gone to the used-vehicle market to get the wheels they need. Wholesale prices have soared as a result, up 54% in April from a year earlier at Manheim, the nation’s largest vehicle auction house.

Most analysts say the increase in car prices, like the spike in inflation as a whole, will likely be transitory as production ramps up and demand subsides. Auto sales had soared amid a pandemic-era boom in road trips and hesitancy to take public transportation, trends that look likely to fade over coming months.


charliecharlie
376 posts

Posted by charliecharlie > Jul 22, 2021 3:15 PM | Report Abuse

juz sold my holdings in this counter, swapping it to General motor...hope our beloved administration dun drag all the counters to a few years behind / backwards


Bgt 9963
7122 posts

Posted by Bgt 9963 > Jul 22, 2021 4:37 PM |

Post removed. Why?


PenangLang9180
15 posts

Posted by PenangLang9180 > Jul 23, 2021 5:13 PM | Report Abuse

https://www.theedgemarkets.com/article/auto-sales-shrank-1921-units-june-maa-trims-tiv-forecast

Malaysia's Automotive Association (MAA) reduced Total Industry Volume (TIV) Forecast


Dakewlest
1575 posts

Posted by Dakewlest > Jul 24, 2021 2:24 AM | Report Abuse

Thinking of buying. Any thoughts, anyone?


Bgt 9963
7122 posts

Posted by Bgt 9963 > Jul 24, 2021 10:34 AM |

Post removed. Why?


idunwork
353 posts

Posted by idunwork > Jul 25, 2021 12:36 PM | Report Abuse

https://keyauto.my/2021/07/24/maa-announce-june-sales-report/


RaksasaKambing
87 posts

Posted by RaksasaKambing > Jul 27, 2021 10:08 AM | Report Abuse

Depends on your needs and investment strategy. This is the 'buy and then close eye' type of counter. Not very volatile, backed up by high NTA, pays you dividends. The next quarter report will be good but subsequent quarter not good due to FMCO, but you can expect a bounce back in Q4 of this year and Q1-2 of next year. Most likely the SST holiday will be extended yet again. Current entry price is reasonable.


lamdba
44 posts

Posted by lamdba > Aug 6, 2021 12:14 AM | Report Abuse

Seems like a good bargain now...


Bgt 9963
7122 posts

Posted by Bgt 9963 > Aug 6, 2021 8:51 AM |

Post removed. Why?


Hafid
987 posts

Posted by Hafid > Aug 6, 2021 3:12 PM | Report Abuse

economy so bad where got people buy car.


tailangong
10 posts

Posted by tailangong > Aug 11, 2021 11:13 PM | Report Abuse

No people buy car but got people maintain car ma..major downturn is due to foreign investors all run la. Our political situation so worse,


Bgt 9963
7122 posts

Posted by Bgt 9963 > Aug 12, 2021 7:58 AM |

Post removed. Why?


EatCoconutCanWin
4296 posts

Posted by EatCoconutCanWin > Sep 4, 2021 9:34 AM | Report Abuse

Ppl already suffer covid, no money, no eat, no income, all loan. Buy car for what, siao meh. Last time can buy new car as want to show off during cny , raya or Christmas. Now no die of covid can d. Impossible august got selling 6000+ car , this info really misleading. I didn't see new plate on car. TP 1.50


PenangLang9180
15 posts

Posted by PenangLang9180 > Sep 4, 2021 10:22 AM | Report Abuse

EatCoconutCanWin Perodua reduced its sales target to 214k from 250k previously for FY2021 it's lower than 2018 (227k),2019 (240k) and 2020 (220k) historical sales but still higher than my expected sales given that they have been facing chip shortage and shut down of production plants and showroom.

In many places of Malaysia including KL and Selangor, personal vehicle is a neccessity and Perodua offers the most affordable cars starting at 30k and with 7-yeras loan, monthly payment is less than RM600 for the cheapest AT Axia and slightly under RM650 for the cheapest AT Bezza.

Of course you could argue that 2nd hand cars and motorcycle is another option, but they serve a different group consumers most of the time. I think bad economy not a major concern to Perodua sales, since given the adverse economic prospect Perodua is expected to eats up marketshare from more premium foreign brands as well.


RaksasaKambing
87 posts

Posted by RaksasaKambing > Sep 4, 2021 1:16 PM | Report Abuse

The hierarchy is (generally) as such: used vehicles -> national vehicles -> Japanese/Korean -> Continental -> Luxury. What we find is that a lot of the middle class people who usually buy Japanese are more likely to drop down to national vehicles for cost savings.

Proton is the main competitor to Perodua in the lower segments (Saga vs Bezza, Myvi vs Iriz) but we find that their new Geely-based products like X50 and X70 are more like eating up the upper tier Japanese and Conti sales (e.g. buy X70 instead of CX-5, X1 or CR-V), rather than eating up Perodua sales. So we just compare la, between the Perodua and Proton of similar segment:

Axia vs No competitor (Axia win)
Bezza vs Saga (Even. Bezza more popular for fuel economy & higher tech, Saga cheaper and better handling)
Myvi vs Iriz (this one I don't need to say).
No competitor vs Persona (Persona win)
Exora vs Alza (Exora wins by a bit, but both models are going to be phased out. Aruz much more expensive than both, currently no competitor).

Look at the sales figures you can see Proton good sales is Saga and Persona, by a lot. Perodua on the other hand has high sales for Axia and Myvi, commendable sales for Bezza and Aruz. Ativa occupies a unique segment in the market and it's hard to say how much overall it will contribute, but the sales so far have been good la.

Perodua's order book is full till the end of the year. Their focus is on production now. Any new bookings must come next year liao. Laku or not?


investortrader88
2782 posts

Posted by investortrader88 > Sep 21, 2021 2:32 PM | Report Abuse

Just noticed my queue buy matched RM 3.15.good luck guys


planta
103 posts

Posted by planta > Oct 5, 2021 5:21 PM | Report Abuse

Good buy there. This counter just buy and close eyes to collect dividends

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