KUALA LUMPUR (Oct 5): Mercedes Benz dealer Cycle & Carriage Bintang Bhd rose as much as 8.2% today, after the Mercedes-Benz Malaysia (MBM) said it expects robust sales to be sustainable.

At 10.08pm, it was at RM2.90, up 22 sen or 8.2%, with 267,500 shares done, for a market capitalisation of RM292.16 million.

In an interview with The Edge Weekly (Oct 5–11, 2015), MBM vice president of sales and marketing Mark Raine said the company will be announcing its September figure on Thursday and it will be another month of four-figure sales. For the eight-month period ended Aug 31, MBM sold over 7,400 units, up 64% year-on-year.

Raine also said he is confident of the sales due to the level of sales they received and the company's market share has increased to 1.9%.

According to The Edge Weekly, Cycle & Carriage would benefit more than its peer Hap Seng Consolidated Bhd as it is a pure automotive play, with a stake of 49% in MBM.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)