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On div, unless they management willing to pay more from their cash pile while may not fully rely on the quarter performance. The management has been generous in dividends as much as they can. My view is that
probably be conservative, Choong. BAuto's track records speaks for itself be it the mgmt or balance sheet including capital management. The current internal models availability, external factor such as influx of China cars have weakened its balance sheet including higher div payout but not enough to raise a red flag yet. Top line and bottom line shrunk by 30% to 40% range; justified the current low valuation if you will. The pressure from China cars will persists and BAuto's strategies (segment/market differentiation) moving forward will be tested; takes time if you will. Hopefully we will not see weakened balance sheet/low valuation turning into distress situation - losses, margins dropped, growing leverage, and etc.
Sime Darby no longer the authorize dealer for Hyundai. Hyundai began looking for new dealer. Hope Bermaz won't go into dealership with Hyundai. The monthly sales is similarly low as Kia. Korean car is acceptance is low in malaysia because is quite expensive and not much dealers
competitions and price wars in the EV segment. Price wars can be painful for car manufacturers due to margins compressions. Survival of the fittest. BAuto going slow could ended up be the winner? :)
CX60 opens for booking today starting at 198k. Uses the 2.5 NA engine, similar to CX8. The ones previewed earlier has 3.3 inline 6 engine. Not sure if there will be other variants available later on.
Our guess were right then. Even Bermaz didn’t think they can sell if the price is way beyond 200k. Australia had a price cut last week.
2.5 NA with 198k is still difficult to compete in the current SUV offering here. If got turbo or hybrid like CRV maybe can snatch some buyer from Honda.
Not sure about the cx60 response but mazda 3 has been upgraded with features and prices start from 118k. This should renew some interest for youngster who prefer style and performance sedans
Just heard from dealer not sure how reliable, higher power engine most likely available at cx80 only. Cx60 is 2.5 na and maybe 2.5 phev at later. This make sense because 3.3 inline six road tax is super expensive. Since cx60 is CBU maybe higher power engine can be import for customer who don't mind paying more on road tax and higher price.
Penny stock liao. Haizzz. Seems like in many countries Mazda has started revising pricing to existing models by lowering the price and giving more features and accessories to their cars. Hope Mazda malaysia will follow soon in cx5, cx 8 and others besides mazda 3
Mazda has been lowering the price between 10k to 30k for their cars in other countries. If here highest cx5 2.5t can lower to 160k then is really a good buy. Even current models has shown some ageing but aesthically still look good compared to a more generic design of chinese brand. With the right pricing consumers willing to tolerate on aged design even I may consider taking a unit cx5 2.5 if pricing is right
Cx60 has officially on sale. Seems like the 2.5NA engine has almost the same hp as the crv ehev but definitely the fc will be slightly higher. At least is not underpowered for this size.
This is one of the selling point for mazda buyer. 5 years peace of mind. Hope Bermaz will soon bring in more new models and trim price for older models to boost up the sales and profits.
after seeing more details on the cx60 2.5NA for sale, feel a bit eager to buy one unit because the specs and the price actually quite competitive against Honda CRV ehev and Omoda C9. With 200kotr for cx60, Omoda C9 definitely out off consideration due to the strange interior and exterior looks of C9
cx60 2.5NA at 200k at least we can assume future incoming models will also be price competitively. Mazda cars will able to compete with the more budget friendly chinese cars
Should be Harith because the delivery only in Sept. I believe this 2.5NA cx60 should sell quite well because is should drive like Honda crv ehev given the numbers almost similar. Many ppl in opinion should bring in the 3.3 and 3.3D engine but if Bermaz really bring in maybe It won't sell too well like the cx5 majority still go for 2.0 NA because is more economical to maintain. Maybe for hard-core mazda fans prefer 3.3 engine. Also 3.3 engine is a triple whammy for car owner given the higher road tax, insurance and fuel cost. In my opinion the next best option will be the 2.5 pHev variant. Hope Bermaz will bring in next.
Should not expect V-shape recovery for BAuto. It should be L-shape which probably will start 2nd half of next year. One qtr at a time and stretching over 2 to 5 years perhaps :)
Yup Cheng. Share price should be remain low. Just hope profit can go up and dividend as well. Next see whether Bermaz will bring in ez6 and ez6e. If yes believe these 2 models should sell well too. Especially the ez6e that is a range extender ev SUV
That's right, Choong. The key point is Mazda car's roadmap - new model cycle (every 4 to 5 years) and facelift cycle (every 2 to 3 years) for the segment that BAuto is selling. As long as the roadmap is clear and executed according to plan, BAuto will do well given higher margins for Mazda cars compared to other brands that it is distributing. That's just my opinions and could be wrong.
Let this time be a valuable lesson for Bermaz. Overly optimistic and underestimate competitors. Over optimistic is on their own judgements assuming market will accept the pricier Kia Sportage and depends only on overdue cx5 as a volume contributors and profit generator. Underestimate is on chinese brands market acceptance and pricing driven car buyers. Anyhow believe Bermaz will able to recovered given their size in the market is not big and mazda cars is known for it built quality and reliability
That's right, Elton Chan :) just need to keep monitoring the Mazda models availability. It's cyclical as long as there is visibility of new models and facelift model within the cycle. Any delay which is out of the life cycle by Mazda will hit BAuto's top line and bottom line.
Bermaz management really made a fatal mistakes for this FY. Should have anticipate competitions earlier instead of being too optimistic on forecast sales for FY24/25.
looking at today trend it seems like more and more ppl are cutting lost in Bermaz. maybe one of them is EPF itself. See whether got any shareholding changes announcement coming out. we as a minority shareholders just brace and prepare for the worst
Yes KC, as Bermaz got removed from various indexes lately many funds will have to dispose as maybe the funds only allowed to invest in certain companies that is in indexes categories