KLSE (MYR): BAUTO (5248)
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Last Price
2.04
Today's Change
+0.01 (0.49%)
Day's Change
2.01 - 2.07
Trading Volume
3,631,200
2024-11-28
2024-11-28
2024-11-26
2024-11-26
2024-11-26
2024-11-20
2024-11-20
ahbah
6,238 posts
Posted by ahbah > 2 months ago | Report Abuse
Bermaz Auto (Bauto) could benefit from the stronger Malaysian ringgit. Here are a few reasons why:
Lower Import Costs: A stronger ringgit means that the cost of importing vehicles and parts from countries with weaker currencies, like Japan, will be lower. This can improve Bauto’s profit margins.
Competitive Pricing: With reduced costs, Bauto might be able to offer more competitive pricing on their vehicles, potentially increasing sales volumes.
Improved Earnings: The overall financial performance of Bauto could see a positive impact due to lower costs and potentially higher sales, leading to improved earnings.
Investor Confidence: A stronger ringgit can also boost investor confidence in Malaysian companies, including Bauto, which might positively influence their stock price.