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RHB Neutral On Auto Sector, Weaker TIV For 2H2024
Published 2 years, 4 months ago
Description
The total industry volume (TIV) data for the first five months of 2024 indicate that the auto sector is on track to achieve its TIV projections of 740,000 vehicles this year. However with two years of record sales in Malaysia, the likelihood that petrol subsidies will be removed and rising cost of living pressure, could sales ultimately disappoint in the 2nd half of the year? We discuss the outlook for the automotive sector with Syahril Hanafiah of RHB Investment Bank.
Image Credit: Abdul Razak Latif / Shutterstock.com
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