Drbhcom will.not gap down today.this recent qr stocks like genting.lc titan.vs industry suffered losses.but after qr announced next day their share price went up instead.investors mentality prepare this qr & next qr which will not have good result
Siao eh.. who want to buy car oh.. no job,no increment,no bonus, cut expenses, eat charbihun rm1.50, even want to buy durian kampung also think twice. This stock who want to invest oh.. haha.
The wfh culture may have fundamentally changed automotive sector. First signs are that grab transport are in huge pressure. I turned bear. Good luck guys.
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.
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.
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)
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
smallkid91
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Posted by smallkid91 > 2020-06-19 19:00 | Report Abuse
Hahaha mamatede. This counter low volume wan.. What shooting star and all.. slowly buy in.