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Latest Reports
Date Description Country Analyst Download
08-Mar-2021 “We like BAuto for its asset light business model and appealing brand among youngsters. BAuto is trading at an undemanding FY4/22 PE of 9.5x, which is below its historical average of 15x. Also, we have not incorporated any potential value from the new auto franchises. We have a Buy recommendation for BAuto.” Malaysia Malaysia Research Team
05-Mar-2018 We like BAuto for stronger sales on its key models (CX5CKD and CX8CKD) for FY19; stronger margins on reduced sales incentives and RM strength; stronger production volume for MMSB on exports to Asean; better domestic sales, robust balance sheet and high dividend yield. BAuto is trading at an undemanding FY19F PE of 11.9x, which is below its historical average of 15x. Also, we have not accounted for any potential value being unlocked from the IPO of BAP. We recommend a BUY Malaysia Malaysia Research Team
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