Bermaz to deliver robust sales volume in FY19-20F, says CIMB Research

-A +A

KUALA LUMPUR (Dec 20): CIMB IB Research has rated Bermaz Auto Bhd an “Add” at RM2.19 with a target price of RM2.65 and said it expects Bermaz to deliver robust sales volume in FY19-20F, driven by the popular Mazda CX-5 and upcoming newmodel launches of Mazda 3 and CX-8.

In a note Dec 19, the research house said the stock still offers an attractive CY19F yield of 6.2%.