KUALA LUMPUR, July 21 ― MIDF Research expects the automotive sector to see strong total industry volume in June 2022 based on encouraging preliminary numbers announced by industry players.
In a note, the research house said Perodua is estimated to have registered 21,200 units in June ), Proton 14,200 units and Toyota 8,900 units . “Judging by the TIV momentum so far and strong outstanding bookings, we see potential upside to both our Perodua volume projection and overall TIV projection.As such, MIDF Research has maintained its positive rating for the automotive sector, with buy calls for MBM Resources Bhd and UMW Holdings Bhd, given their respective 22.6 per cent and 38 per cent stakes in Perodua.
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