KLSE (MYR): BAUTO (5248)
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Last Price
2.11
Today's Change
+0.05 (2.43%)
Day's Change
2.05 - 2.13
Trading Volume
3,533,900
2024-11-03
2024-11-01
2024-10-30
2024-10-25
2024-10-25
2024-10-25
2024-10-25
2024-10-25
2024-10-25
2024-10-25
2024-10-23
2024-10-22
ahbah
6,236 posts
Posted by ahbah > 1 month 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.