KUALA LUMPUR: RHB Research is expecting Malaysia’s automotive sector to deliver another record-breaking year if the monthly total industry volume (TIV...
KUALA LUMPUR: RHB Research is expecting Malaysia’s automotive sector to deliver another record-breaking year if the monthly total industry volume strengthens in the next four months.
The research house said its 2023 TIV estimate of 725,000 units parallels the Malaysian Automotive Association’s 2023 forecast. In a separate note, MIDF Research said there is room for 2023’s TIV to outperform projections, while near-term revenue visibility is solid given the existing order backlog.
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