Latest news with #BermazAutoBhd
Malaysian Reserve
a day ago
- Automotive
- Malaysian Reserve
Bermaz Auto downgraded to Hold, target price lowered to 93 sen
Bermaz Auto Bhd 4QFY25 core net profit of RM21.9m down (-12.5% quarter-on-quarter, 55.6% year-on-year) came in below expectations, with FY25 core net profit accounted for 61% of our full-year forecasts and 93% of consensus estimates. The earnings miss mainly due to weaker-than-expected vehicle sales across key completely knocked down (CKD) models. The group declared a fourth interim dividend of 1.5 sen (4QFY24: 11.75 sen), bringing FY25 dividend per share to 16.75 sen (FY24: 26.0 sen). We have trimmed our FY26F and FY27F earnings by 47% and 45% respectively to account for the stiffer competition in the non-national segment and weaker forecasted sales across key CKD models. We downgrade Bermaz Auto to Hold (from Buy) with a lower target price of 93 sen (from RM1.40) pegged to 7.3x price-to-earnings multiple on FY27F earnings per share of 12.78 sen. – APEX Securities (June 13, 2025) (Calls by analysts tracked by Bloomberg: 4 Buy, 10 Hold, 2 Sell; Consensus target price: RM1.10)
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 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.
New Straits Times
2 days ago
- Automotive
- New Straits Times
BAuto's Q4 earnings fall to RM21mil on weaker car sales
KUALA LUMPUR: Bermaz Auto Bhd (BAuto) reported a lower net profit of RM21 million for the fourth quarter (Q4), weighed down by weaker vehicle sales. The net profit dropped 76.5 per cent from RM90 million in the same quarter last year, according to a bourse filing. BAuto's revenue for the quarter ended April 30, 2025 fell 43.6 per cent to RM937.5 million from RM528.6 million previously. The company said the sales volume from its Mazda and Kia domestic operations was impacted by the continued influx of competitively priced Chinese-made vehicles in the market. BAuto declared a fourth interim dividend of 1.50 sen per share that will be paid on Aug 5. Culmulatively, BAuto posted a weaker full-year earning for the financial year 2025 (FY25) with its net profit dropping more than half to RM155.9 million from RM345.58 million a year ago. Its revenue stood at RM2.6 billion, 32.9 per cent lower than RM3.9 billion recorded last year. Recognising the the dissapointing total industry volume (TIV) for the first four months of 2025, BAuto expects a challenging performance in the financial year ending April 30, 2026. The TIV for the first four months of 2025 was 248,730 units, a 5.4 per cent decline from 263,050 units a yyear ago. BAuto said the automotive sector is expected to register lower growth due to inflationary pressures, weaker global growth from uncertainties in geopolitical conflicts and outcomes of negotiations on US trade tariffs, 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," it said in a statement.
