Kenanga maintains ‘overweight’ call on automotive sector with TIV target of 585,000 units in 2021 | Malay Mail

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KUALA LUMPUR, April 2 — Kenanga Investment Bank Bhd has maintained its ‘overweight’ call on the automotive sector with total industry volume (TIV) target of 585,000 units this year, an increase of 11 per cent year-on-year. The investment bank believes the new volume-driven...

Friday, 02 Apr 2021 12:11 PM MYT

It said this will also be further boosted by the extension of sales and service tax exemption until June 30, 2021, seasonal promotions and more new launches expected in the second half of the year. This is due to stringent loan approval on employment criteria for several economic sectors that still see high-risk impact from Covid-19 restriction such as aviation, it said.

 

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