Posted by Prashan Ram > 2020-12-01 18:00 | Report Abuse

BERMAZ AUTO BERHAD - GROUPE PSA AWARDS SOLE DISTRIBUTORSHIP RIGHTS OF PEUGEOT MARQUE VEHICLES IN MALAYSIA TO BERJAYA AUTO ALLIANCE SDN BHD
The Board of Directors of Bermaz Auto Berhad (“Bermaz”) wishes to inform
that its 20% associated company, Berjaya Auto Alliance Sdn Bhd, was awarded
the sole distributorship of new vehicles under the PEUGEOT marque and the
rights of aftersales and spare parts distribution for vehicles under the
PEUGEOT, CITROEN and DS marque vehicles in Malaysia by Groupe PSA, SA of
France.

Posted by Hunter70 > 2020-12-02 13:41 | Report Abuse

how to come out with such valuation. SOP? DCF? DDM? or CCA?

Posted by slts > 2020-12-02 14:04 | Report Abuse

buy

Posted by Iconn8888 > 2020-12-02 15:39 | Report Abuse

HLG,Kenanga & PBB call sell, why still buy?

Posted by Jerry > 2020-12-02 22:04 | Report Abuse

When they call sell, you hv to do the opposite.

Posted by ABSBOSS > 2020-12-02 23:45 | Report Abuse

I wait until qtr report on 10th Dec

Posted by Lee_CK > 2020-12-03 11:18 | Report Abuse

Well done, BAUTO:

http://www.theedgemarkets.com/content/morning%E2%80%8C-%E2%80%8Ccall%E2%80%8C-%E2%80%8C31220%E2%80%8C-%E2%80%8C#.X8hYs3yI6rw.link

Posted by tws13282 > 2020-12-03 12:54 | Report Abuse

expect eps 3.5

Posted by tws13282 > 2020-12-03 13:07 | Report Abuse

then divident will be 2.8

Posted by genghis > 2020-12-03 14:54 | Report Abuse

mazda + peugeot

Posted by RJ87 > 2020-12-03 17:14 | Report Abuse

Weird ppl...C16 more attractive....Let's say BAuto TP 1.75.
C16 strike value is 1.15. If BAuto reach 1.75, C16 worth 60sen. Enter 40sen, got 50sen return.

Enter mothershare only 20% return.

Posted by tws13282 > 2020-12-03 17:23 | Report Abuse

@JJchan you can find the sales data from paul tan

Posted by tws13282 > 2020-12-03 19:55 | Report Abuse

nett profit will be around 5% - 6% for cars

Posted by slts > 2020-12-04 07:55 | Report Abuse

buy , EPF keep buying, so jus buy

Posted by slts > 2020-12-04 12:12 | Report Abuse

mbmr, umw, drb all spike
afternoon bauto turn

Posted by Stockhunter88 > 2020-12-04 12:50 | Report Abuse

1.700 lai!

Posted by tws13282 > 2020-12-04 17:45 | Report Abuse

450m revenue with 40m net profit is acchieveable i think

Posted by longranger > 2020-12-04 21:38 | Report Abuse

sst waiver extension?

Posted by Jerry > 2020-12-04 22:31 | Report Abuse

Uptrend for wks, it show that next wk quarter results should be good. Just hope dont come down after the good results. Many others stock down after report good results recently.

Posted by PlayStation > 2020-12-05 11:06 | Report Abuse

Bauto shall not give Div. Use d $ to swallow KIA 100% or at least 80%.

My conservative Revenue 600mil & NP 55-60mil since last 3 mths hot selling model Cx5 & Cx8. I hope it beat my estimation and come close to JJchan estimation.

Next week Bauto to test 1.65 first. Waiting KIA news to rerate.

Posted by tws13282 > 2020-12-05 11:35 | Report Abuse

Come i calculate for you
Lets take just 1 of the subsidiaries Bermaz MotorTradingSdn Bhd which bauto owns 100% of share
If 80% of proton sales are cx5(mainly), and other at high price range
The average price of the car will be = RM157395
If the sales is = 964+956+960(assume be 1200)
= 2880
Net profit (which probally be 5 %) = (157395 * 0.05) x 2880
= 22,664,880
Revenue = 453,297,600

Remainding 20% mazda 2 etc
Sales= 722.4
AVG Price = RM100870
Net Profit= 3,643,424.4
Revenue= 72,868,488

Total Net profit = 26,308,304.4
Total revenue = 526,166,088

Posted by tws13282 > 2020-12-05 11:37 | Report Abuse

However Philipines business is not that good and mazda have higher maintainence cost (because of the 6 year extendes service program)
@JJchan You may be correct. Lets see mazda managed to deliver how many cars this time

Posted by Hunter70 > 2020-12-07 16:45 | Report Abuse

August - 1205, Sep - 1207, Oct - e1200 = circa 3600
May - 503, Jun - 1002, July - 1202 = circa 2700. 33% improvement.

Rev: Q1 449 x 1.33 = 597m, round up to 600m. PBT 3-15% I assume 8-10% = 48-60m.
NP around 70% = 33.6m-42m
est EPS: 2.91-3.63, I will assume at around 3.2

Dividend will probably be around 2 cents.

Just rough estimation, share price should rally to around RM 1.65-1.70 this week.

I did not look at any TA, just mere guess based on fundamental without digging too much into the details. Lets put my old tricks to test, if I am off by too much, please do not cyber-bully me cos I have weak stomach to swallow those words.

Posted by tws13282 > 2020-12-07 17:24 | Report Abuse

bauto divident payout average is about 80 %

Posted by ABSBOSS > 2020-12-09 12:03 | Report Abuse

Drop for 2 days before qtr.... Ayoyo

Posted by RJ87 > 2020-12-09 20:12 | Report Abuse

Hunter70, fair valuation. Gonna hold this long too.

No monkey here. Only solid investors. No worries.

Posted by Hunter70 > 2020-12-10 17:43 | Report Abuse

Does anybody know when is the reporting day ?

Posted by pow_kor > 2020-12-10 17:58 | Report Abuse

today lo, QR out d

Posted by RJ87 > 2020-12-10 17:58 | Report Abuse

Today...Just out...

Tmr will gap down liao always....I exit C16 to collect cheaper tmr...

Posted by ABSBOSS > 2020-12-10 18:19 | Report Abuse

Qtr out......Any comments

Posted by tws13282 > 2020-12-10 18:23 | Report Abuse

How?? Is my calculation accurate?

Posted by longranger > 2020-12-10 18:33 | Report Abuse

well on track to recovery.

Posted by Sandcactus > 2020-12-10 18:51 | Report Abuse

Likely tmr will down.
Then q to buy at lower price

Posted by Hunter70 > 2020-12-10 19:19 | Report Abuse

tws13282. Revenue is 599.84m which is in line of my calculation. However, the profit is around 24.79m which is in line of your calculation. Dividend of 1.25 cent which is way below of my expectation. Hence I think the stock may not rally. Probably 1.55 max before it heads south. Not that great.

Posted by Stockhunter88 > 2020-12-10 19:22 | Report Abuse

Revenue ok, profit ok, dividend not so ok..

Posted by Hunter70 > 2020-12-10 19:25 | Report Abuse

I think there is something in between that we did not see, or I did not see. For revenue of 600m with NP of 24.8m means there may be some form of amortisation, impairment or cost of investment of around 5m if we take profit of 5% - 30m. I suspect the amount is used for the investment of Peugeot and Kia dealership. If that is the case, that will paint entirely different story.
Under this circumstances, the stock will rally above 1.60 because money is being invested into business expansion.

Lets hope to see the quarterly report soon.

Posted by Hunter70 > 2020-12-10 19:30 | Report Abuse

https://bauto.irplc.com/new-announcement.htm?NewsID=202012106600001&Symbol=5248

PBT: 34m - surprising low. 5.6% from Revenue.

Posted by Hunter70 > 2020-12-10 19:38 | Report Abuse

positive news is net CF has improved from 222m to 355m yoy. drop on inventories and hopefully new models can come out soon to boost the sales. I think outlook is improving. The management has been fairly prudence in this manner.

Posted by Pewuf > 2020-12-10 20:58 | Report Abuse

prices are not coming down anytime soon, did you guys look at the cashflows ?

Posted by longranger > 2020-12-10 23:42 | Report Abuse

look at the pandemic recovery. this is long term game, we cant expect it is better than pre covig. i am super please with the result, it is well on track of recovery. will add my holding.

Posted by kudamuda > 2020-12-11 10:30 | Report Abuse

seems dropping. good to add more?

Posted by PlayStation > 2020-12-11 10:41 | Report Abuse

Revenue 600mil but margin dropped so much to PAT 24.5mil 4.1%.
Below the street expectation.

Sales Tax Exemption period end this month Dec20, moving forwards it is tougher for Bauto to maintain 1k plus sales volume per mth.

TP need to be revised downwards in the near term. Waiting right price only can consider to re-enter.

Posted by RainT > 2020-12-11 11:10 | Report Abuse

future prospect seem bad

when other sell car co can make high profit but BAUTO cannot

if no sales tax will be worse more...

Posted by RainT > 2020-12-11 11:15 | Report Abuse

the recent quarter depreciation is lesser

so say amortise due to KIA acquisition is not correct

Posted by RainT > 2020-12-11 11:15 | Report Abuse

have any concrete news say BAUTO confirm sure acquire KIA already?

Posted by RainT > 2020-12-11 11:18 | Report Abuse

BAUTO sell ?

hold?

or buy more when drop ??

Posted by ABSBOSS > 2020-12-11 13:04 | Report Abuse

Sudah topup...Wait until end year window dressing

Posted by tws13282 > 2020-12-12 11:12 | Report Abuse

can i have the link to the quarter report details?

Posted by W1S3 > 2020-12-12 16:48 | Report Abuse

BAUTO did well in Malaysia. It is operations outside of Malaysia thats doing bad.

Posted by kudamuda > 2020-12-14 20:00 | Report Abuse

@JJChan are you saying they make a full provision on warranty due to the 6+6 maintenance upfront? Mind to share / explain more on this?