sales target

 
 

Sony nine-month net profit soars on games, music

TOKYO, Feb 1 — Sony said today its nine-month net profit jumped 63.2 per cent from the previous year, led by its games and music divisions. The electronics and entertainment giant lowered its annual sales forecast but raised its annual net profit…


Nintendo says nine-month profit up nearly 25pc, lifted by strong titles

TOKYO, Jan 31 — Nintendo said today its net profit jumped nearly a quarter for the nine months to December, riding out the crucial holiday season thanks to blockbuster game titles for its popular Switch console. The Kyoto-based games giant said…


Malaysia Halal Expo 2019 a roaring success with RM135m in sales

KUALA LUMPUR, Jan 26 — The three-day Malaysia Halal Expo 2019 (MHE 2019) ended today on a high note after achieving RM135 million in sales, more than double of the RM50 million sales target. Entrepreneur Development Minister Datuk Seri Mohd…


Perodua aims to increase sales by 1.7% to 230,000 units this year

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua), which recorded its best-ever sales performance of 227,243 units in 2018, aims to better that figure by 1.7% to 231,000 units by end-2019, underpinned by the Myvi and the recent introduction of the Aruz.

The Myvi was Perodua’s best-selling model in 2018, with 82,122 registered out of 117,844 booked in that year alone. From its November 2017 launch to date, the Myvi’s numbers have exceeded 91,500 registrations and 147,000 bookings.

The Axia, Bezza and Alza are still at the top of their respective segments with 70,821, 49,911 and 24,389 units sold respectively in 2018.

“Perodua’s aim to boost its sales by 4% this year will not only strengthen the brand but offer some relief to the Malaysian car industry, which is forecast to grow very minimally this year,” Perodua president and CEO Datuk Zainal Abidin Ahmad said in a statement.

The Malaysian Automotive Association expects an incremental 0.21% total industry volume (TIV) growth to 600,000 units this year from 598,714 units last year.

“For Perodua, the Myvi is expected to remain popular this year, and since we started order-taking for the Aruz on Jan 3, we have collected nearly 5,700 bookings to date. Given that our sales target is 2,500 units monthly, the figure is very encouraging indeed,” said Zainal.

Perodua also expects to increase its component purchases by 20% from RM5 billion last year to RM6 billion this year. This is in line with the demand expected in 2019 and will directly benefit local automotive suppliers.


Perodua charts sales record, targets 231,000 units in 2019

KUCHING: Perodua, which recorded its best-ever sales performance of 227,243 units in 2018, aims to better that figure by four per cent to 231,000 units by end-2019, underpinned by the Myvi and the recent introduction of the Aruz. The Myvi was Perodua’s best-selling model in 2018, with 82,122 registered out of 117,844 booked in that […]


Perodua aims to increase sales by 4% to 230,000 units this year

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua), which recorded its best-ever sales performance of 227,243 units in 2018, aims to better that figure by 4% to 231,000 units by end-2019, underpinned by the Myvi and the recent introduction of the Aruz.

The Myvi was Perodua’s best-selling model in 2018, with 82,122 registered out of 117,844 booked in that year alone. From its November 2017 launch to date, the Myvi’s numbers have exceeded 91,500 registrations and 147,000 bookings.

The Axia, Bezza and Alza are still at the top of their respective segments with 70,821, 49,911 and 24,389 units sold respectively in 2018.

“Perodua’s aim to boost its sales by 4% this year will not only strengthen the brand but offer some relief to the Malaysian car industry, which is forecast to grow very minimally this year,” Perodua president and CEO Datuk Zainal Abidin Ahmad said in a statement.

The Malaysian Automotive Association expects an incremental 0.21% total industry volume (TIV) growth to 600,000 units this year from 598,714 units last year.

“For Perodua, the Myvi is expected to remain popular this year, and since we started order-taking for the Aruz on Jan 3, we have collected nearly 5,700 bookings to date. Given that our sales target is 2,500 units monthly, the figure is very encouraging indeed,” said Zainal.

Perodua also expects to increase its component purchases by 20% from RM5 billion last year to RM6 billion this year. This is in line with the demand expected in 2019 and will directly benefit local automotive suppliers.


Perodua aims to sell 231,000 cars in 2019

KUALA LUMPUR, Jan 23 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) sold over 227,243 vehicles in 2018, its highest ever sales record, and now aims to improve on that figure by four per cent to 231,000 units by end-2019. The…


Limited share price upside seen for property sector

PETALING JAYA: Rising interest rates, Malaysia’s slowing gross domestic product growth and unfavourable government policies will limit share price upside for Malaysian property development companies, said CGS-CIMB.

Although it expects the property companies in its coverage universe to post positive earnings growth this year, CGS-CIMB said share price upside will be limited and the sector is unlikely to re-rate to peak levels last seen in 2014.

“The property sector has garnered more interest lately due to its attractive valuations, but we believe the sector is cheap for a reason and this could be a false dawn. We believe developers could miss their new property sales targets for 2018, and are likely to set lower new sales targets for 2019. We think it’s a signal that the 2019 property market is likely to see lower new property sales and weaker buying sentiment,” it said in its report today.

According to its analysis, the medium 40% and bottom 40% (B40) households face difficulty in buying properties as the average house price is above both groups’ affordability range and despite government incentives and policies to address this issue, the oversupply in the property market has continued to rise since 2012.

“Likewise, property stocks have fallen from their peak valuations in 2014, some to the trough levels in 2008, making them attractively priced at the moment, in our opinion,” it added.

CGS-CIMB does not see much room for housing loan growth given the existing low interest rate environment, limited buyer’s affordability and possible interest rate hike.

In addition, restrictive government policies are still in place and it does not see any incentive for consumers to purchase property given the weak rental market and subdued property market.

Given the limited domestic affordability, higher real property gains tax and restrictive policies on foreigners, the property oversupply issue is expected to persist. Note that in 1H2018, properties priced below RM1 million accounted for 93% of total unsold residential property inventory.

“We expect the housing market to remain challenging in the near term, unless there is a meaningful surge in household income, decline in house prices or more positive measures are introduced,” it said.

Although lower property prices are possible, developers would be at the losing end if they were to lower prices at the expense of profit margins to spur new property sales demand or remove rebates/freebies to protect margins, which could result in weaker new sales.

“Even if new house prices are cut by 20%, we think the prices would still be unaffordable for the B40 households. Instead of focusing on increasing affordable housing supply and ownership, we believe a better way to approach the housing glut is to increase Malaysians’ household income in a meaningful way,” it said.

CGS-CIMB maintained its “neutral” call on the sector with an estimated dividend yield of 3% on average in 2019.

Sime Darby Property Bhd remains its top pick as the company has shown continuous improvement in its property development division and new property sales since its demerger in November 2017.

“We believe the group’s healthy balance sheet and massive land bank are advantages in addressing the change in future product demand,” it said.


Perodua Aruz could rake in sales of 2,100 units a month: AmInvestment

PETALING JAYA: AmInvestment Bank opines that Perodua could achieve average sales of 2,100 units a month for the brand new Aruz model, but it may cannibalise sales of the Alza to a minor extent.

“We believe the sales target for the Aruz is ambitious but not impossible. Sales of 2,500 a month would reap about 42% of the current average of 5,900 a month in total SUV sales, and is above the average of 1,900 a month seen by the current market leader in the segment, Honda.

“The Aruz is supported by the timing of its entry and market position as the cheapest option in a far less saturated segment of the SUV market,“ the research house said in a note last Friday.

The Aruz is now open for booking with prices between RM72,200 and RM77,200.

The Alza is a seven-seater MPV with a captive market of about 2,000 units a month, although it is offered at a lower price range of RM52,000 to RM63,000.

AmInvestment Bank said the announcement of the Aruz last week is an opportunistic move by Perodua and matches the expectation of an end-January/early-February launch. Perodua will be able to capitalise on the Chinese New Year period and potentially divert some attention from other SUVs including the Proton X70. However, it noted that the 1.8L X70 occupies a different segment and is priced higher (RM99,800–RM123,800).

“The Aruz continues Perodua’s emphasis on affordability and value. It will be the cheapest option in its segment and is bolstered by an energy-efficient vehicle rating based on a fuel consumption of 15.6km a litre. We note that the Aruz is Perodua’s best attempt at streamlining a model.

“It is only available on two variants (versus four to six variants on Perodua’s existing models), on a single engine size and transmission type (auto). We believe this will serve to pivot sales towards the higher variant, which costs RM5,000 or 7% more,“ it added.

AmInvestment Bank retained its projection of 3% volume growth to 233,000 units for Perodua in 2019, with the Aruz accounting for about 11% of total sales.

“Volume would still be anchored to the Myvi and Axia, while the Aruz will serve to boost margins. Perodua looks to close a bumper year in 2018 during which it rode on the new Myvi and took efforts to fully capitalise on the tax holiday.”

It reiterated that the key beneficiaries to Perodua will be MBM Resources Bhd and Pecca Group Bhd.


LBS Bina Group sets RM1.5b sales target for 2019

PETALING JAYA, Jan 4 — Leading township developer LBS Bina Group Berhad (LBS) has set a sales target of RM1.5 billion for 2019. LBS will also be launching new projects worth RM1.82 billion mainly catering to affordable homes for Malaysians, which…