（吉隆坡6日讯）政府豁免汽车领域的销售与服务税（SST）之举料刺激需求增长，分析师预计，国内汽车销售在下半年获改善，并看好宝腾（Proton）和第二国产车（Perodua）引领汽车行业增长。



大马投银研究指出，鉴于国内新冠肺炎（2019冠状病毒疾病）新确诊病例逐步减少，且大多数企业已恢复运营，预计汽车领域在下半年内强劲复苏。

同时，在短期国家经济重建计划（PENJANA）下，本地组装汽车（CKD）和整装进口（CBU）新车可分别扣税100%和50%，所有汽车价格预计下跌1.1%至6.5%，因此下半年的汽车总销量（TIV）将看涨，全年预计达56万5000辆。

该行认为，税务豁免是明智之举，因2018年的汽车价格也在6月至8月份的“零税率蜜月期”期间全面下滑3%至5%，刺激销量按年和按季分别增32%和42%，至19万8500辆。

同时，宝腾和第二国产车的汽车价格在扣税后更为实惠，因为这两家公司的产品均是本地组装汽车。

“由于宝腾和第二国产车的产品阵容和性价比与同行相比更具吸引力，相信它们将在下半年继续引领汽车行业的复苏。”

该行维持汽车领域“增持”评级，同时维持多元资源（DRBHCOM，1619，主要板工业）“买进”评级，合理价2.49令吉，MBM资源（MBMR，5983，主要板消费）也同为“买进”评级，合理价4.62令吉。

（吉隆坡6日讯）政府豁免汽车领域的销售与服务税（SST）之举料刺激需求增长，分析师预计，国内汽车销售在下半年获改善，并看好宝腾（Proton）和第二国产车（Perodua）引领汽车行业增长。



大马投银研究指出，鉴于国内新冠肺炎（2019冠状病毒疾病）新确诊病例逐步减少，且大多数企业已恢复运营，预计汽车领域在下半年内强劲复苏。

同时，在短期国家经济重建计划（PENJANA）下，本地组装汽车（CKD）和整装进口（CBU）新车可分别扣税100%和50%，所有汽车价格预计下跌1.1%至6.5%，因此下半年的汽车总销量（TIV）将看涨，全年预计达56万5000辆。

该行认为，税务豁免是明智之举，因2018年的汽车价格也在6月至8月份的“零税率蜜月期”期间全面下滑3%至5%，刺激销量按年和按季分别增32%和42%，至19万8500辆。

同时，宝腾和第二国产车的汽车价格在扣税后更为实惠，因为这两家公司的产品均是本地组装汽车。

“由于宝腾和第二国产车的产品阵容和性价比与同行相比更具吸引力，相信它们将在下半年继续引领汽车行业的复苏。”

该行维持汽车领域“增持”评级，同时维持多元资源（DRBHCOM，1619，主要板工业）“买进”评级，合理价2.49令吉，MBM资源（MBMR，5983，主要板消费）也同为“买进”评级，合理价4.62令吉。

Price shooting always start from slow to fast. Slowly and steady up now is a good sign, at least it's still at a preliminary stage prior to big up.

The chart looks good on up trend now. 2h of 2020 just started there is still plenty of room for this counter to go further, which is benefit from penjana and post-mco.

After operator pushing down so much till 0.52 they need to accumulate again if they really want to push up.

So moving sideway at 0.50-0.55 range is expected for some times . Also, all digital license and cloud business need time too. You can't expect it happen overnight and hope price to go up on next day. Now is the best time for them to accumulate again prior to any good news.

Will just hold it and put aside this counter and not just keep hoping it would go up by looking at the screen everyday. My guess is it would keep at this range 0.50-0.55 for quite awhile till any further development.

So always not put all your eggs into one basket, otherwise all eggs throwing to this counter will make you more frustrated when you see all other counter up but not this counter. Just give him some time for things to move, all need time!

At this moment at least we know more information than before, at least we know pp price was 0.52, the buyer from Kendall was traded at 0.80. So it's key information that chances of the price moving downward at this price is minimum and since EGM going to held soon for cloud business, at least there is something moving on rather than none.

Not too optimistic or pessimistic on what you expect will make you trade/invest wisely. Good luck.

@spartanfury

Love to see your constructive comments from business perspective. This counter gave me a good lessons to predict behind the scene from the price movement, news and announcements.

The key motive of pushing up price and down in just two months time is apparently to seek for funds from public and pp @ 0.52, the funds they obtained is about 82m++ (30m from wa conversion and 52m from pp). The purchase of xendity is about 43m (about 6-7m by cash and the rest by issuance of new shares, not too sure if pp is also possible taken up by xendity?)

So they have enough funds now ready for new business. Whole agenda is well planned from how to get the funds till new member to join in in just two months time.

Shall see what will happen next.

If not mistaken, according to co rules, whoever holding more than 5% of public listed co shares must disclose. We have yet to see any annoucement on who are buying 10% stake from Kendall.

This could mean probably PP also given to same buyers then only reveal? All these information u can ask during EGM or they may disclose after cloud business is approved?

Actually too much of wa exercise and pp not benefit to existing shareholders. Profit is diluted. But think about GP situation, this is the way for them to get funds for business expansion.

Just stand at PCC angle, he knows this would going to affect him much but yet he still carry on the whole plan, this can tell he is confident of the future of GP.

If you go to gp FB page on their latest post. That's tencent in their brochure.

My guess is more likely forming a JV, rather than tencent become major shareholder. It's unlikely PCC to lose his position in the co, from his latest share accumulated from market can tell.

It's true that's insane to convert warrant as at now. But those you see from annoucement was converted 2 weeks ago and now the process is just done. That's make sense if 2 weeks ago the cost to covert was Almost = to mother price at around 0.70++. That's also make sense if you see the volume getting smaller and smaller on the conversion.

When GP at price of 0.70++, it was gaving traders a false impression of rebound going to happen due to the price was stabilise for few days and sign of rebound with volume on 17 June. Probably many warrant holder could quickly exercises their warrant at that point too coz they know need time to process and hope once it's complete they can take profit due to optimistic on mother shares rebound..

Operator has whole agenda to press the price down to 0.52 so that pp can be placed for the "someone" to join in.

The issue here is the entire process only take about 2 months time for shares to up and down at this level, we need to think the reason why they need so urgent to have so complicated process and subsequent ask for EGM to approve cloud business. That's not hard to explain the application of digital bank, ekyc, and cloud is going to happen very soon.

With the joining of "someone" to this loss making company, it indicate the someone is confidence to this new businessess. Finger cross, If they are tencent then that's even make sense they wanted to get their market share in msia on cloud business as you can see they are fighting with Alibaba on the cloud market share lately by huge investment cost to cloud business
They also lately buying iflix, which is also loss making company.

I have not hesitate at all for all these going to happen very very soon. My worry is more on management performances. They are lousy in their past records, now got to see the new member who joined whether can change the situation.

Interest rate my drop again? who benefit?

(吉隆坡3日讯）《路透社》调查显示，经济学家普遍预期国家银行下周将再降息至少25基点，以减轻冠病对经济造成的冲击。

在接受调查的12位经济学家中，有7位预测国行会在议息会议上将隔夜政策利率（OPR）调低25基点至1.75%，另外两位更预期降幅可能高达50基点。

其余5位经济学家估计国行将保持2%指标利率，以观察连续3次降息的经济效应。

国行下周一将召开为期两天的第四次议息会议。

在第一季经济成长减缓到0.7%后，国行曾表示，我国正处于“前所未有的经济危机”中，并预期第二季经济将萎缩。

Interest rate my drop again? who benefit?

(吉隆坡3日讯）《路透社》调查显示，经济学家普遍预期国家银行下周将再降息至少25基点，以减轻冠病对经济造成的冲击。

在接受调查的12位经济学家中，有7位预测国行会在议息会议上将隔夜政策利率（OPR）调低25基点至1.75%，另外两位更预期降幅可能高达50基点。

其余5位经济学家估计国行将保持2%指标利率，以观察连续3次降息的经济效应。

国行下周一将召开为期两天的第四次议息会议。

在第一季经济成长减缓到0.7%后，国行曾表示，我国正处于“前所未有的经济危机”中，并预期第二季经济将萎缩。

From the announcement made by PM on 5 June, the newer price list only out in subsequent week, so actually the impact of sales rebate only taking place in 2nd half of June.

So actually the push up of sales due to PENJANA is just taking pace in 2nd half of June, with such a surge in sales for whole month of June really surprise to all.

Can imagine the full month impact starting from July onwards, the sales figure may highly likely to overtake June figures. looking for it

Dont forget 9 cents dividends entitlement prior 9 July (next week).

I believe just starting, more to come.

from the announcement made by PM on 5 June, the newer price list only out in subsequent week, so actually the impact of sales rebate only taking place in 2nd half of June.

So actually the push up of sales due to PENJANA is just taking pace in 2nd half of June, with such a surge in sales for whole month of June really surprise to all.

Can imagine the full month impact starting from July onwards, the sales figure may highly likely to overtake June figures.

X50 would be out in Aug/Sept, believe there is another boost by the time. Looking for it.

most probably the price will go sideway till the "someone" is revealed or further development on cloud and digital bank.

good thing is at least its stabilize for now, then chances of rebound is high once there is any news on further development from the company on cloud and digital bank.

By the time of EGM, more info would reveal.

my view are as follow:

Positive side:-
1. Future prospect is bright, with the new clouding business. This is the future trend.
2. "Someone" who willing to join in means he looks good on the company prospect, if not who is so stupid to put in money for a loss company?

Negative side:-
1. everything is just at beginning stage, "real" thing has yet to come out yet, even the digital bank also is initial plan yet, unless BNM ady announced GP is one of it. Otherwise there is a risk too they may fail to get it. when some thing not real yet, all are based on prediction and anything also can be happened.
2. Poor management in the past, as u can see their financial records for last 10 years. So if they really get "someone" to join in, with bright future cloud and digital business, they also need to prove to public they can manage well on those businesses to sustain profits in the future.

So this is just my view. you can do your own decision to whether buy/hold/sell.

Everyone play a prediction here and so i also try to figure out what had happened and do my own prediction on this counter

1. Price up since 28 April (with substantial volume) to 18 May from 0.56 to 1.65 (up 1.09). But it down so quick since 19 May to 3 June from 1.65 to 0.71 (down 0.94). Question is why so quick? If operator can have a break in between he could earn even more for ppl to chase.

Answer: This is due to WA. If u have noticed, WA only up from 0.25 to 0.52 (up 0.27) from 28 April to May. So in a way to say, it give a false impression for ppl to buy WA and exercise it (0.40) in order to take profit after exercise is complete. This explain the reason why the price down dramatically in just 1 week++ time because exercising WA take about 2 weeks to process and whoever bought WA during 28 April to 18 May, they are stuck after exercise is complete as their cost (wa+exercise price 0.40 ) is much higher than mother share. The reason being is indirectly ask the innocent ppl to put in more money to the company as the company at this stage need money for business expansion. There is no way for them to get extra loan based on their bad balance sheet and P&L. This way is the cheapest way to get extra fund from public with no additional financial cost.

2. Why "someone" is buying 0.80 off market at 100 mil shares (when market price is 0.69), 0.64 with 3.247 mil shares off market on 29 June when market price is 0.545?

Answer:
a) There is not viable for them to buy market with such a volume as they need to maintain market liquidity of about 240mil shares as what its now,
b) If buy from market will eventually even cost more to them when buying with such a volume it will push up price at the same time more ppl to chase and push higher the price for them to buy.

3. Why PCC is keep on buying from market lately?

Answer: This is not surprised for him to increase his holding to maintain his position as major shareholder, after "someone" is investing this by 10% of shareholding at 0.80, and probably same "someone" who are invest through PP 10% (total 20%). So He has to retain his position by increasing his shareholding in the company

4. Why price drop again at 0.71 to the level now 0.52 the PP place at 0.52?

Answer: its to push the price to about 0.52 so that the "someone" can pump in the money, which could be "pre-agreed" upfront. So the average cost could be (0.80+0.52)/2 = about 0.66

5. Any impact of PP for this?

Answer:
a). theoretically price would down due to price dilution. But my view is its not the case for this counter as we need to think the purpose of PP for GP, its for expansion of business for future income, in long term perspective, its positive to investor. Unless the PP is just for settle of loan and etc which could not generate further income for the company, such PP we may need to try to avoid it.
b) the :someone" cost is higher than the price 0.52 now, so they would not so stupid and dump at this timing, who is so stupid to have so much action just for losses?
c) public shareholder is not so powerful to press the price down further at this moment, while the operator who push the price down to this level, believe the "objective" ady been fulfilled, and the stock on his hands would not be much enough for him to press even further, if yes, wont be dramatically drop like earlier.

Conclusion from the whole incident happened lately on this counter could be:-
1. Company is going to do clouding business and need funds
2.funds obtained via WA exercised by public and "someone" join in through PP
2. "someone" come in to expand the clouding business, via off market purchase the shares and PP,
3. PCC increase his holding to retain his major shareholder position, after 'someone" join in

Now the point is who is the "someone"? why he join? what is the prospect of this company can seek the intention of "someone" to join, with their cost at about 0.66?

Perodua president and chief executive officer Datuk Zainal Abidin Ahmad (pic) said Perodua has the capacity to be a possible contract manufacturer for the project

RAWANG: Malaysia’s second national carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is in talks with the government to participate in the realisation of the third national car project.

Perodua president and chief executive officer Datuk Zainal Abidin Ahmad said Perodua has the capacity to be a possible contract manufacturer for the project.

“Perodua has given a proposal to the government on its vendor system, which could be beneficial to the project, ” he said following a signing ceremony between the Malaysia Automotive Robotics and IoT Institute (MARii), Perodua, the Perodua Suppliers Association and Perodua Dealers Association earlier yesterday.

International Trade and Industry Senior Minister Datuk Seri Mohamed Azmin Ali, who was present at the event, said the third national car project is still ongoing.

“Despite having a new government, the project is still on, ” he said.

Back in February, former Prime Minister Tun Dr Mahathir Mohamad said that a prototype for the third national car was ready and that the government was waiting for private investors to invest in the development of the project.

Dr Mahathir said Malaysia was open to working with foreign companies to develop the new national car, adding that Malaysia already had the experience, having developed both Proton and Perodua with Japan previously.

It was previously reported that DreamEdge Sdn Bhd, the anchor company to drive the third national car project, was aiming to unveil its first prototype by March this year.

DreamEdge is an engineering services company catering to various industries such as automotive, rail, electronics, energy, defence, precision equipment and tooling design.

MARii chief executive officer Datuk Madani Sahari (pic below) said the vehicle be revealed later this year.



Perodua closed the month of June with 21,250 vehicles sold, its highest monthly sales figure this year and nearly triple that of the previous month’s.

The carmaker’s year-to-date sales total stands at 74,000 units.

Zainal said it would be difficult to forecast the outlook for the automotive industry for the rest of 2020, in light of the uncertainties and challenges created by the Covid-19 pandemic.

“It’s difficult to predict, but we will strive to continue doing our best and make sure that the ecosystem will continue to survive. We had made an initial forecast and yes, there has been a slowdown in sales. But for now, our strategy for the remainder of 2020 is to stay with what we had targeted to achieve before the movement control order (MCO).”

In January this year, Perodua targeted to sell 240,000 vehicles for 2020. At the moment, Zainal said sales could fall between 15% and 17% this year from the original target.

Perodua is however, expected to make an official announcement on its 2020 sales target later this month.

Honda also under drb-hicom umbrella !!!

Paul Tan 汽车资讯网
中文

本地新闻

试驾


Tan Zhi Jian July 2, 2020
2020 Honda Civic 小改款继续在本地 C-Segment 细分市场上称霸，上市迄今已累积6,500张订单，交付2,900辆新车






近年来，Honda Civic一直都是本地最受欢迎，也是路上最常见的C-Segment Sedan，虽然在这块细分市场上有不少对手出现，但一直都无法动摇Civic的领先地位。

今年2月，Honda Malaysia为现款已市售数年的Civic推出了2020年式的小改款车型【点击这里查看新闻背景】，虽然新车上市之初便遇上了我国史无前例的行动管制令，导致本地车市一度停滞，但在短短的4个月内，厂方仍接获6,500张订单，并且交付了2,900辆新车，预计市场份额达70%，继续在C-Segment细分市场上称霸。

Civic也是Honda Malaysia旗下最畅销的车款之一（排第三位）。从西马半岛的销售数据来看，中马地区占该车款总销量的44%、而南部和北部地区则各占17%和15%；数据也显示，Civic车主最喜爱的车身配色是White Orchid Pearl（珍珠白色），选择该配色的消费者多达42%。

值得一的是，由于政府在上个月已宣布为汽车业减免销售税（SST），因此本地组装（CKD）的Honda Civic售价也下调了5,000令吉。Honda表示，目前预订新的Civic预计需要等待1个月的时间才可交付。

（图：马新社）
（吉隆坡2日讯）第二国产车（Perodua）和宝腾（PROTON）两大国产车6月销量强势回升，其他汽车公司也有望捎来好消息，分析员认为，汽车业获得税务假期等3大利多支持，下半年销量可望止跌回弹。

减免消费税
国产车销量强升

政府上月取消汽车销售税，带动第二国产车（Perodua）的6月销量按年上升33%，至2万1250辆，按月更大起169.5%；宝腾（PROTON）上月也卖出9623辆汽车，分别按年和按月提高26.3%和69.5%。

MIDF研究指出，在销售税6月15日开始豁免后，汽车售价平均降低2至7%，推动销量强劲上扬，这支撑了该行较早发表的看法。

该行曾指出，在2018年的3个月税务假期期间，车商平均每月多卖出2万1000辆汽车，而该行看好下半年的销售税豁免也会推动车商每月销量增加7800辆，并强调这是相对保守的预测。

（图：马新社）
（吉隆坡2日讯）第二国产车（Perodua）和宝腾（PROTON）两大国产车6月销量强势回升，其他汽车公司也有望捎来好消息，分析员认为，汽车业获得税务假期等3大利多支持，下半年销量可望止跌回弹。

减免消费税
国产车销量强升

政府上月取消汽车销售税，带动第二国产车（Perodua）的6月销量按年上升33%，至2万1250辆，按月更大起169.5%；宝腾（PROTON）上月也卖出9623辆汽车，分别按年和按月提高26.3%和69.5%。

MIDF研究指出，在销售税6月15日开始豁免后，汽车售价平均降低2至7%，推动销量强劲上扬，这支撑了该行较早发表的看法。

该行曾指出，在2018年的3个月税务假期期间，车商平均每月多卖出2万1000辆汽车，而该行看好下半年的销售税豁免也会推动车商每月销量增加7800辆，并强调这是相对保守的预测。

（吉隆坡2日讯）宝腾（PROTON）上月卖出9623辆汽车，比5月多出69.5%，为今年第二出色月份。

按年比较，宝腾6月销量也提高26.3%。

总结上半年，宝腾总销量按年提高6.5%。

根据文告，宝腾面市将达35年的Saga上月销量达4447辆，写下70个月来最高纪录，今年至今市场份额也达21.2%。

宝腾X70力保C级运动休旅车（SUV）最畅销车款宝座，6月卖出了1909辆。

宝腾经销（Proton Edar）首席执行员罗斯兰阿都拉说，尽管该公司对下半年保持谨慎乐观，但国内汽车和宝腾汽车的需求显示消费者对该公司产品的信心增强。

“我们认为，最近宣布的销售税假期提高了消费者的购兴，进而提振了市场需求。”

KUALA LUMPUR (July 2): MIDF Research has maintained its positive rating on the Malaysian automotive sector and said the sector is set to see an inflection point from 3Q20 onwards from a strong combination of tax-holiday-induced demand, robust consumer liquidity and a low interest rate environment.

In a note today, MIDF analyst Hafriz Hezry said the research house’s top sector picks are Bermaz Auto Bhd (BAuto) and UMW Holdings Bhd.

Hafriz noted Perusahaan Otomobil Kedua Sdn Bhd (Perodua) registered a strong 33% year-on-year (y-o-y) growth in June total industry volume (TIV) and almost tripled sequentially, marking an important inflection point in volume trends.

He said car prices have generally been reduced by 2% to 7% (3% to 6% for Perodua) given savings from the sales tax exemption incentive.

As a bellwether of the auto industry, this should signal the trend for sector-wide TIV to be announced later this month, Hafriz added.

Its hard to find a company with so good fundamental, and good prospect on better recovery in 2h 2020 due to benefit from PENJANA + low interest rate. From what we can see, myvi is a very strong model which we can see everywhere on the road and economical used vehicle which suit to local market, at any point in time.

I think its time to collect more before it shooting further.

time to collect more. since msia is controlling well on this covid19, with the reopening of the economy + benefit from PENJANA from government + strong market share of proton brand + low interest rate (BNM may announce further drop interest rate in this month, if thats the case, it would further benefit to automotive sector) + new model X50 coming soon + higher postage rate with higher volume of couriers service when pandemic + good management after joined by Geely Group from China (can see the improvement from previous 5 continues quarter profit before the drop of last quarter due to MCO)

Its time to look at automotive sector in 2h 2020.

Points to note:-
1. with the strong rebound in June 2020 due to tax exemption and lower interest rate. Sales will continue to sustain till year end.
2. New model X50 going to launch soon, it will give another boost when it launch. Other strong model like X70 which still retained its position as the best-selling C-segment SUV in the country in June, it would likely to sustain through out the year, same goes to Proton Saga and etc
3. Proton Saga is most economical local vehicle to be used wisely in local market, many grab driver are using proton saga on the road, so it would strongly rebound back since MCO in March 2020.
4. Time of recovery for 2h 2020, and worst is over since March 2020.
5.Other segment like POS also will be recovered and much better in 2h 2020 as a result of revised postage rates would contribute towards improving Pos Malaysia’s performance
6. TA Chart is uptrend now and most likely will back to the position prior MCO or go further.

KUALA LUMPUR: Proton vehicle sales rebounded in June with 9,623 units sold during the Recovery Movement Control Order (RMCO) with the Saga posting the best sales month in nearly six years.

The national car maker said on Thursday the rebound was underpinned by the government incentives and pent-up demand.

“Proton has benefitted from this surge as sales of Malaysian automotive brands are estimated to account for 66.4% of the market this month, ” it said.

It said June was the second best month in terms of sales this year as three models led sales in their respective segments.

“The number also represents a 69.5% growth over May 2020 and a 26.3% increase over the same month in 2019 when the world wasn’t affected by a pandemic, ” it said.

In the first half, its market share was 21.2%, this was a 6.5% increase from a year ago.

“The overall volume gap versus 2019 has also shrunk to just 14.6%, a remarkable achievement that is nearly three times better than the best rival brand, ” it said.

The Proton Saga underpinned the car maker’s rebound as the Saga celebrated its upcoming 35th anniversary by posting its best sales performance in 70 months.

The Saga reported sales of 4,447 units in June compared with 4,275 units in October 2019, previously the best sales month for the current model, and the highest since August 2014.

The Proton X70 retained its position as the best-selling C-segment SUV in the country, and with 1,909 units sold in June. It was also the best-selling SUV overall for the first half of 2020.

The Proton Persona retained its position as the best-seller in the B-segment sedan category for a second consecutive month.

“Despite losing over two months of sales this year, its cumulative volume is still 25.1% ahead of 2019, ” it said.

Exora remained at the top of the C-segment MPV market while Proton’s B segment hatchback Proton Iriz was in third place in its category.



Roslan Abdullah, Proton Edar CEO (pic, above) said Proton’s sales in the first full month of business since February have been encouraging.

“While we remain cautiously optimistic for the second half of 2020, the demand for Malaysian cars in general and Proton vehicles in particular points towards increased consumer confidence in our products.

“This interest has also been buoyed by the recently announced sales tax holiday which in our opinion, has stimulated demand.

“The second half of the year will be a busy one and kicking things off will be our 35th anniversary celebration for the Proton Saga.

“We hope to use the occasion as a springboard for other activities this year as we continue our efforts to redefine Proton’s customer experience via a mix of 3S/4S outlets and innovative new products, ” he added.

Very potential counter too look at in 2h 2020.

PE: 6.43
Profit Margin: >10%
Debt to cash ratio: 0.13 (almost net cash position)
current ratio: 3.89 (current asset triple than current liability)
earning yield : 15%
ROE% = 11%
DPS ; 22 cents
Dividend yield: 6.75% (60% dividend policy)
NTA : 4.47

Point to note:-
1. Strong cash flow (almost net cash), which is crucial during MCO period when most of the industries are hitting bad during this period.
2. With such a low PE, high profitability (>10% profit margin, 15% earning yield and 11% ROE), its worth to look at before further shooting
3. dividend policy of 60% pay out with about 6.75% return/year is much higher than FD (currently is only at about 2%)
4. Low interest rate and sales tax exemption to boost the sales from June 2020 onwards, this can be seen from the June's sales figure of Perodua (21,250 unit), which is exceeded average monthly sales figures last year (about 20,000 units)
5. TA chart is showing up trend since March 2020

Middle term Target Price: 4.00
Long Term Target Price: 5.00

Just sharing the info. Buy at own risk.

KUALA LUMPUR (July 1): Perusahaan Otomobil Kedua Sdn Bhd’s (Perodua) June car sales jumped to 21,250 units — its highest monthly figure so far this year and an increase of 169.5% over May’s sales of 7,886 units.

The sharp rise followed the sales tax exemption announced by the government on June 5, said Perodua president and chief executive officer Datuk Zainal Abidin Ahmad.

He said the tax exemption, aimed at boosting car sales amid the Covid-19 crisis, has provided many benefits for consumers including reduced vehicle prices of up to 6% for Perodua cars.

“The sizeable volume increase we’ve had as a result of that, allows us to help the supplier and dealer ecosystem in this time of need — we purchased nearly RM500 million worth of local components in June alone,” he said in a statement today.

“Our operations are now at full capacity and maximum overtime. We are working very hard to ensure our customers receive their cars as quickly as possible, with no compromise on safety and quality,” he added.

Perodua sold 8,601 cars in March before the Movement Control Order (MCO) came into effect on March 18. This resulted in the temporary suspension of the company’s operations nationwide for two months. Perodua officially resumed operations on May 19, the carmaker said.

Year-to-date, Perodua has sold some 74,000 cars.

“We are immensely grateful to be able to bounce back with such energy in just under two months since we restarted operations nationwide. Our outlook is positive and we hope this momentum will continue and help the industry grow,” Zainal said.

“We reiterate our commitment to the government, as Malaysia’s biggest carmaker by volume, to help the industry and ecosystem wherever we can including sustaining employment, so that we can all get through this difficult time,” he added.

https://paultan.org/cn/2020/06/24/pdrm-will-receive-x70-and-more-civic-by-this-year-as-new-patrol-vehicles/?fbclid=IwAR2kK-mp46PR4gBiRAl-2KJLhrVv0_Uq-1sRMxlm5wDV0nF_19hbFc1PUfA