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indeed, choong. it boils down to psychological versus economical needs and often, psychological part leads the way :) celebrations, reward, social activity, fomo with food vlogger, fatigue and easier to eat out instead of cooking and etc.
Hi everyone tomorrow is CNY. Hope everyone will have a properous and healthy year ahead. As for Bermaz I believe situation will gradually improve as more models will be launching like s07,s05, G9, X9, CX60, CX80 and maybe new generation CX5 later this year
With Mazda Cx60 launching in March, S05,S07 and X9 in 2nd half of the year, Bermaz should able to show recovery. If they can hit 23k unit in year 2026 then profit should able to match 2023 performances.
Haizz. Seems likely ageing of current models and lack of competitiveness of Kia model is one of the major issue. Hope Bermaz able to expedite the launching of new models from Mazda to gain back sales and market share
J7 sales dropped more than 56percent in January. GWM Tank 300 from 100 unit dropped to 17 unit. Maybe chinese car wave has reached it saturated level with all the ICE and EV sales figure has dropped significantly
it will probably take a year or two realistically assuming new models available for sales upon specification confirmation which will take at least 6 to 8 months?
reciprocal tariffs on steel and aluminium going into US will cause speculative hike on these raw materials. There will be spillover effect on industry that uses these materials - cost will go up, eating into margins. Transferring the cost to consumer may/may not dampen the demand but should not rule out the possibility going into low cycle.
let the optimistic funds/insti get the lowest entry, silentgaming. They are the chart maker/buy side at the bottom range while pessimistic funds/insti are the chart maker/sell side at the top range.
Since no new mazda car been confirmed, perhaps Bermaz can explore chinese car to gain back the market share and sales rather than waiting for Mazda. Maybe car from ChangAn
Challenging automotive industry - stiff competitions. Tan Chong Motors/Nissan is a good example. Maybe there will be consolidation in the automotive industry. Nissan reported planning to seek Tesla investment for the EV industry after merger talks with Honda failed.
Mazda is relatively small compared to others mainstream manufacturers. If Bermaz able to bring the latest and updated models from Mazda in a more consistent and faster pace, local buyers may still pick Mazda cars for their distinctive looks and qualities
Yesterday went to see the mazda cx60 at the showroom, unfortunately price isn't available yet but the car looks bigger than cx5, premium and comfortable. Currently there 5 units in malaysia. Seems like maybe the will be base model with 2.5l engine that price close to cx8
Right now, topline and bottom line figures pointing to Bauto entering low cycle phase. This is the 2nd time that the mgmt will be tested, Choong. First was during Covid and they handled it well including growing the business/sales.
all their product pricing not competitve in malaysia market, only the die hard mazda fans will buy. we all know our population income not high confirm must spent wisely especially this kind of "moving assets" if want to get a premium brand mostly will terus upgrade to benz/bmw/lexus
Any influence of the CBU and CKD EVs tax exemption timeline that could be affecting its models line-up? CBU EVs tax exemption expiring end of 2025 and CKD EVs tax exemption expiring in 2027. Not in time to get the CKD assembly up and running to enjoy the tax exemption.
Thanks, Choong. You may want to keep an eye on the inventories movement from the report. It remains elevated and moving rather slow. Hence, my personal assumption that its in the low cycle phase; could be wrong though :) I am hoping its a cyclical problem rather than structural. Still observing the industry as a whole.
Hi Cheng. Maybe I'm too pessimistic on Bermaz current performance but I believe it will rise again with the right package from their new models. Let's hope it will improve in near term