BAUTO - After the pandemic, it was bitter, then sweet, and profit peaked again
Harry himself bought a Mazda CX5 in the early days of his business in 2018, and he really likes this brand. Moreover, the trend of SUVs was also brought about by the CX5, and the FY19's turnover and profit, driven by the second version of the CX5, broke through new highs.
Unlike other car brands, MAZDA's market share in Malaysia is actually still very small, so there is plenty of room for improvement. In addition to the fact that the new Mazda CX3 and CX30 have been loved by the market in recent years, the company's profit has recovered rapidly in the past two years, and FY23's EPS has reached a new high of 26 points.
After the latest quarterly results were released, MAZDA's annual net profit climbed to RM353 mil, which is an astonishing figure. The company now has 4,500 backlogs, which is a slight drop from 5,000 cars at the end of May. However, the CX30 model is very popular, and it is expected that the upcoming CX60 and CX90 in the Philippines 🇵🇭 will also become best-selling models.
Combining various factors, FY24's profit is expected to grow by 15-25%, and many investment banks' target prices are higher than the current market price.
Driven by historical profits, the company's cash flow continues to flow endlessly. In the last fiscal year, it paid out a dividend of RM154 mil. It is expected that FY24 will hold, and Promisend Yield will be between 8-9%, which is a good high dividend stock.
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投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
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