Kenanga Research said despite the launching of the all-new Nissan Almera in November last year, overall sales are still weak.faces an uphill task amid challenges and lack of fresh catalyst that is needed to steer the company to profitability.
The company’s net loss narrowed to RM22.2mil in the financial year ended June 30, 2021, compared with a loss of RM79.4mil a year ago.CGS-CIMB Research, which is maintaining its “reduce” stance with a lower RM0.99 target price , said it was cutting its financial year 2021 -FY23 earnings per share forecast to reflect lower margin from unfavourable sales mix and lower sales volume.
Kenanga Research said despite the launching of the all-new Nissan Almera in November last year, overall sales are still weak.