Latest news with #BAuto
The Star
2 days ago
- Automotive
- The Star
Trading ideas: BAuto, George Kent, JcbNext, CHHB, Thong Guan, BLand, UEM Edgenta
KUALA LUMPUR: Companies that could be in the spotlight following recent announcements include Bermaz Auto Bhd 's (BAuto), George Kent (M) Bhd, JcbNext Bhd , Country Heights Holdings Bhd (CHHB), Thong Guan Industries Bhd , Berjaya Land Bhd (BLand) and UEM Edgenta Bhd . BAuto's net profit for the financial year ended April 30, 2025 (FY2025) dropped by over 55% to RM155.9mil from RM345.58mil a year earlier, as revenue fell to RM2.62bil from RM3.91bil, mainly due to lower sales volume from its Mazda and Kia domestic operations. George Kent has partnered with Shanghai-listed Qingdao Topscomm Communication Co Ltd (Topscomm) to develop Malaysia's first locally branded ultrasonic water meter. JcbNext has disposed of 647,846 shares (or 1.95%) in Taiwan-based 104 Corp for RM20.05mil in the open market of the Taiwan Stock Exchange. CHHB is disposing of its entire stake in its wholly-owned subsidiary, Versatile Champion Sdn Bhd (VCSB) to South Strategy International Sdn Bhd for RM600,000. Thong Guan has scrapped its plan to sell its F&B business to major shareholder Foremost Equals after failing to agree on a final sale price. BLand is disposing of its entire 80% stake in joint venture company, Berjaya-Handico12 Co Ltd (BHandico12), to Vietnam-based Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC for RM201.96mil. UEM Edgenta has tied up with 21 Estates Group FZCO to establish a new joint venture company (JV) and expand its property management presence in Dubai, United Arab Emirates.
New Straits Times
2 days ago
- Automotive
- New Straits Times
BAuto earnings miss prompts analysts to cut forecasts
KUALA LUMPUR: Analysts have revised down their net profit and earnings projections for Bermaz Auto Bhd (BAuto) following a weaker-than-expected financial performance. According to CIMB Securities, BAuto's results for the fourth quarter of financial year 2025 (4QFY25) fell short, achieving just 95 per cent of its own forecast and 94 per cent of consensus estimates. The miss was largely attributed to a softer contribution from associates than initially anticipated. As a result, CIMB Securities has revised its net profit projections for financial years 2026 and 2027 (FY26/FY27) downward by 21 to 29 per cent, citing lower associate earnings and tighter margins stemming from a projected decline in sales volume. The firm now anticipates Mazda sales volume to grow by a modest 5 per cent year-on-year (YoY) to 12,000 units in FY26, supported by the planned launch of the CX-60 and CX-80 models in the second half of calendar year 2025 (2HCY25). "However, the rebound could come at the expense of margins owing to increasing competition for its flagship CX-5 and CX-30 models in the RM100,000–200,000 segment," it said in a note. CIMB Securities noted that Bermaz Auto delivered 824 units of the XPeng G6 and X9 electric vehicle models in the first eight months of the financial year ending in April 2025. The firm expects a stronger contribution from XPeng in the financial year ending in April 2026, supported by a full-year sales impact and the potential introduction of new models. "We estimate XPeng could contribute between RM15 million and RM20 million to the group's pre-tax profit in FY26. "Beyond XPeng, BAuto is also looking to launch three new EV models under Deepal marques in 2HCY25: the Deepal S07, S05, and E07," it said. Meanwhile, Hong Leong Investment Bank (HLIB) said it has downgraded its earnings projections for FY26 and financial year 2027 (FY27) by 31.4 per cent, citing a deteriorating automotive outlook with lower anticipated sales and profit margins. HLIB noted that the launch of the XPeng G6 and X9 contributed to supporting the group's margins for the quarter, partly mitigating the softer performance from the Mazda and Kia brands. "However, competition in Malaysia is expected to intensify with the influx of Chinese original equipment manufacturers (OEMs) offering feature-rich models at competitive prices. "Similarly, operations in the Philippines continued to face mounting pressure from Chinese entrants," it added. HLIB has lowered its recommendation on BAuto to 'Sell' from 'Hold', cutting its target price to 78 sen from RM1.05. Despite the downgrade, the firm noted that BAuto continues to have a solid balance sheet, with a net cash position of RM207.2 million (equivalent to 17.8 sen per share) as of the end of FY25, which supports ongoing dividend distributions.
The Star
2 days ago
- Automotive
- The Star
BAuto expects tough quarters moving forward
The group's fourth-quarter net profit saw a 77% drop year-on-year to RM21.2mil. PETALING JAYA: Bermaz Auto Bhd (BAuto) anticipates its performance for the financial year ending April 30, 2026, to be challenging. For the fourth quarter of financial year ended April 30, 2025 (4Q25), the group's net profit saw a 77% drop year-on-year (y-o-y) to RM21.2mil or earnings per share of 1.82 sen. Revenue on the other hand fell by 44% y-o-y to RM528.65mil largely due to drop in sales volume from its Mazda and Kia domestic operations as they were mainly impacted by the continuous influx of Chinese-made vehicles into the market, which are competitively priced. For the financial year ended April 30, 2025, the group's net profit declined by 55% y-o-y to RM155.91mil or earnings per share of 13.35 sen. Revenue also decreased by 33% y-o-y to RM2.6bil. The company said the automotive sector is expected to register lower growth due to factors such as inflationary pressures, weaker global growth from uncertainties in geopolitical conflicts and outcomes of negotiations on trade tariffs imposed by the United States, which will have an adverse impact on the overall local economy. Moreover, the continuous influx of Chinese marque vehicles had also impacted the sales of other marques in the country. The group said the launching of new or facelifts models of its existing and new vehicle marques are still very much dependent on the market sentiments and economic conditions then. BAuto also said according to the Malaysian Automotive Association, the total industry volume (TIV) in April 2025 of 60,527 units was 16.8% lower (12,177 units) than in March 2025 (72,704 units) as a result of the short working month in April 2025 due to the Hari Raya festive holidays and high festive deliveries in March 2025. The y-o-y TIV for the first four months of 2025 was 248,730 units, a decline of 14,320 units (down by 5.4%) compared to the same period last year of 263,050 units. Meanwhile, in the Philippines, the Department of Finance had reported in May 2025 that the country's gross domestic product (GDP) registered a growth rate of 5.4% for the first quarter of calendar year 2025 (4Q24: 5.3%). The Philippines economic outlook for 2025 is expected to remain positive with an expected GDP growth rate of around 6.0% in the coming quarters. BAuto said the board has approved and declared a fourth interim dividend of 1.50 sen single-tier dividend per share in respect of the financial year ended April 30, 2025 (previous year's corresponding quarter ended April 30, 2024: 4.75 sen single-tier dividend per share and a special dividend of 7.00 sen single-tier dividend per share) to be payable on Aug 5, 2025. The entitlement date has been fixed on July 18, 2025.
The Sun
2 days ago
- Automotive
- The Sun
BAuto posts RM34.6m pre-tax profit for Q4, declares 1.5 sen interim dividend
PETALING JAYA: Bermaz Auto Bhd (BAuto) reported group revenue of RM528.6 million and profit before tax (PBT) of RM34.6 million for the fourth quarter ended April 30, 2025 (Q4'25), compared to RM937.5 million and RM130.6 million respectively in the corresponding quarter last year. In a statement, the company said group revenue declined by RM408.9 million (-43.6%), mainly due to a drop in sales volume from its Mazda and Kia domestic operations, as they were significantly impacted by the continuous influx of Chinese-made vehicles into the market, which are competitively priced. In line with lower group revenue, the group's PBT recorded a decline of RM95.9 million (-73.5%) compared to Q4'24, which included gains that were recognised from the closure of its Peugeot operation in March 2024. The group had also accounted for expenses relating to its employees' share scheme, amounting to RM1.2 million in Q4'25 compared to RM1.4 million in Q4'24. For the financial year ended April 30, 2025 (FY25), the group reported revenue and PBT of RM2.62 billion and RM224.3 million, respectively, compared to RM3.91 billion and RM483.7 million, respectively, in FY24. Group revenue declined by RM1.29 billion (-32.9%), primarily due to a decrease in sales volume from its Mazda and Kia domestic operations. In line with the decline in revenue, the group's PBT declined by RM259.4 million (-53.6%) compared to FY24. The group had also accounted for expenses relating to its employees' share scheme amounting to RM6.6 million in FY25 compared to RM1.6 million in FY24. The board has declared a fourth interim dividend of 1.5 sen per share (single-tier) for the financial year ended April 30, 2025, payable on Aug 5. This compares to the previous year's corresponding quarter (April 30, 2024), when a single-tier dividend of 4.75 sen per share and a special dividend of 7 sen per share were declared. The first interim dividend of 3.5 sen per share was paid on Nov 6, 2024. A special dividend of 7 sen per share was paid on Dec 30, 2024. The second interim dividend of 3 sen per share was paid on Feb 7, 2025. The third interim dividend of 1.75 sen per share was paid on May 7, 2025. This brings the total dividend declared for the financial year ended April 30, 2025 to 16.75 sen per share (single-tier), compared to 26 sen per share (single-tier) for the ended April 30, 2024. On future prospects, BAuto noted that the Malaysian economy registered growth of 4.4% in the first quarter of 2025, driven by steady expansion in domestic demand. Malaysia's growth in 2025 will be affected by the escalation in trade tensions and the rapidly-evolving developments surrounding trade tariffs and is expected to be slightly lower than the earlier forecast of 4.5-5.5%. The total industry volume (TIV) in April of 60,527 units was 16.8% lower (12,177 units) than in March (72,704 units) as a result of the short working month in April due to the Hari Raya festive holidays and high festive deliveries in March. The year-to-year TIV for the first four months of 2025 was 248,730 units, a decline of 14,320 units (-5.4%) compared to the same period last year of 263,050 units. BAuto said the automotive sector is expected to register lower growth due to factors such as inflationary pressures, weaker global growth from uncertainties in geopolitical conflicts and outcomes of negotiations on trade tariffs imposed by the United States, which will have an adverse impact on the overall local economy. 'The continuous influx of Chinese marque vehicles had also impacted the sales of other marques in the country. 'The launching of new and/or new facelifts models of the group's existing and new vehicle marques are still very much dependent on the market sentiments and economic conditions then. 'Premised on the above, the board anticipates the performance of the group for the financial year ending 30 April 2026 to be challenging,' it said.
The Star
2 days ago
- Automotive
- The Star
BAuto anticipates challenging year ahead
PETALING JAYA: Bermaz Auto Bhd (BAuto) anticipates its performance for the financial year ending 30 April 2026 to be challenging. For the fourth quarter ended April 30, 2025 (4Q25), the group's net profit saw a 77% drop year-on-year (y-o-y) to RM21.20mil or earnings per share of 1.82 sen. Revenue, on the other hand, fell by 44% y-o-y to RM528.65mil largely due to drop in sales volume from its Mazda and Kia domestic operations as they were mainly impacted by the continuous influx of Chinese-made vehicles into the market, which are competitively priced. For the financial year ended April 30, 2025, the group's net profit declined by 55% y-o-y to RM155.91mil or earnings per share of 13.35 sen. Revenue also decreased by 33% y-o-y to RM2.6bil. The company said the automotive sector is expected to register lower growth due to factors such as inflationary pressures, weaker global growth from uncertainties in geopolitical conflicts and outcomes of negotiations on trade tariffs imposed by the US, which will have an adverse impact on the overall local economy. Moreover, the continuous influx of Chinese marque vehicles had also impacted the sales of other marques in the country. The group said the launching of new and / or new facelifts models of its existing and new vehicle marques are still very much dependent on the market sentiments and economic conditions then. BAuto also said according to the Malaysian Automotive Association, the total industry volume (TIV) in April 2025 of 60,527 units was 16.8% lower (12,177 units) than in March 2025 (72,704 units) as a result of the short working month in April 2025 due to the Hari Raya festive holidays and high festive deliveries in March 2025. The year-on-year TIV for the first four months of 2025 was 248,730 units, a decline of 14,320 units (down by 5.4%) compared to the same period last year of 263,050 units. Meanwhile, in the Philippines, the Department of Finance had reported in May 2025 that the country's gross domestic product (GDP) registered a growth rate of 5.4% for the first quarter of calendar year 2025 (4Q24: 5.3%). The Philippines economic outlook for 2025 is expected to remain positive with an expected GDP growth rate of around 6.0% in the coming quarters. BAuto said the Board has approved and declared a fourth interim dividend of 1.50 sen single-tier dividend per share in respect of the financial year ended April 30, 2025 (previous year's corresponding quarter ended April 30, 2024: 4.75 sen single-tier dividend per share and a special dividend of 7.00 sen single-tier dividend per share) to be payable on Aug 5, 2025. The entitlement date has been fixed on July 18, 2025.
