(Kuala Lumpur, 17th news) With the revision of the open market value (OMV) and the introduction of targeted RBOB Gasoline subsidies, it is expected that the overheated auto market for several years will cool down, coupled with increasingly fierce competition, next year the profit prospects in the auto Industry will be bleak.
Lian Chang International analysts are no longer bullish on auto stocks, with the sector rating downgraded to 'Neutral', but still Bullish on Sime Darby. $SIME (4197.MY)$ ）。
Analysts point out that with the cancellation of subsidies and price valuation revisions, the total auto sales in 2025 are expected to decrease by 4% to 750,000 vehicles, however, this could accelerate the popularization of Battery electric vehicles (BEVs).
In terms of brands, the second domestic car should continue to take the lead and occupy the dominant market share.
As for net profit contribution, analysts are bullish on Senamei's increasing contribution, mainly due to the continuous expansion of its product portfolio, and expecting a 3% growth in the auto sector by 2025.
"We also expect that, driven by the increasingly fierce competition among new car releases, newcomers, and electric vehicle manufacturers, the adoption rate of pure electric cars will increase in 2025."
"The tax-free policy for imported car models will end in 2026, thereafter domestic assembly will dominate. Nevertheless, with the support of first-time buyers and the mass market, the demand for domestic brands such as Baoteng and the second domestic car is expected to remain strong."
The government plans to reserve subsidies for 85% of RON95 users in the 2025 fiscal budget to maintain the affordability of locally produced autos,...

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63 million Johor acquisition, Mah Sing prepares to develop M Tiara 3.
Mah Sing Group. $MAHSING (8583.MY)$ Acquired a 59.12-acre piece of land in Johor for 62.98 million ringgit, continuing to expand their Johor business footprint.
Mah Sing Group stated in a press release that the land will be named M Tiara 3, to be developed into superimposed residence, with a total Gross Development Value (GDV) of 0.464 billion ringgit.
According to the initial plan, M Tiara 3 will be developed into a town project, which includes superlinked residences.
Tan Sri Leong Hoi Kin, the founder and Group Managing Director of Maxstar Group, said: "The demand for properties in Johor is rapidly growing, and this acquisition will provide a great opportunity for the Group to expand our presence in the area."
In addition, the government's priority focus on the new SBS Transit (RTS) project in Johor is expected to further stimulate the property market, coupled with the housing loan interest relief provided to first-time homebuyers by the government, easing the burden of property purchase.
"M Tiara has been well-received in previous projects, so we will continue to look for strategically significant land in the area for town development, the M series, and industrial projects."
This is Mars Group's third acquisition in Johor Bahru, where they previously acquired two parcels totaling 176.1 acres in April 2024 and June 2023.
Continuing to expand their presence in Johor.
The statement emphasizes that Johor is Mars Group's second location after the Klang Valley...

$Cornerstone Strategic Value Fund Inc (CLM.US)$ Is it worth buying now? Or should I wait a little longer?

As we dived into Dec, hope you have profited from $S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ rally last week! $S&P 500 Index (.SPX.US)$ indeed retested last high and reclaim new top at 6044!
This week’s earnings reports will feature big names like $Salesforce (CRM.US)$, $Marvell Technology (MRVL.US)$, $RBC Bearings (RBC.US)$, $The Toronto-Dominion Bank (TD.US)$
...

Da Zi Industry officially introduced luckin coffee to enter Malaysia.
Da Zi Industry $HEXIND (0161.MY)$ Through its subsidiary Global Aroma Private Limited Company (GASB), Da Zi Industry has reached a strategic cooperation with Luckin Coffee Holding Singapore Pte Ltd to introduce luckin coffee into the Malaysian market.
According to the cooperation agreement between the two parties, GASB has the exclusive operating rights to open and operate Luckin Coffee brand coffee shops in Malaysia.
Dazhi Industry stated that cooperating with Luckin Coffee is a turning point for the company, which will allow the company to quickly expand with the help of one of the fastest-growing coffee brands in the world.
"This is also an important step forward for our company, benefiting from the huge potential of the rapidly-growing food and beverage market. We will open up new revenue sources and provide Malaysian consumers with a fresh, technology-driven coffee consumption experience."
Dazhi Industry's major shareholder, also a well-known investor in China, Prince Ming, stated in a press release today that the company has ambitious plans for Luckin Coffee's development in Malaysia and aims to replicate the brand's rapid expansion success in other countries.
Expectations for strategic investment returns.
"Dazai Industry introducing Luckin Coffee into the Malaysian market is a strategic investment, and I am confident that this investment will bring excellent returns."
Luckin Coffee Chairman and CEO Guo Jin also pointed out that through cooperation with Dazai Industry, Luckin...

This year's third-quarter earnings report is nearing its end. Today, the three banks also announced impressive results.
In a challenging market environment, these banks have achieved strong financial performance through steady operations and risk management.
Net profit increased by 10%, CIMC earned more than 2 billion
(Kuala Lumpur 28th) Lianchang International ( $CIMB (1023.MY)$) Thanks to a rise in both net interest income and non-interest income, net profit of RM2 billion in the 3rd quarter of fiscal year 2024 (up to the end of September) was 2 billion30.36 million, up 9.88% year on year.
Meanwhile, CIMC's third-quarter turnover increased 8.17% year over year to RM5.7 billion41.59 Ringgit. Revenue and core net profit also both recorded record highs.
In the first nine months of the current fiscal year, CIMC accumulated net profit of RM5.9 billion27.67 million, up 12.57% year on year, while revenue rose 8.53% year on year to RM16.9 billion 73.09 million.
According to CIMC International, its net interest income increased 6% in the first nine months of this year to RM8.5 billion71 million, while non-interest income rose 14.4% year-on-year to RM5.3 billion90 million.
The bank specifically pointed out that its net interest earnings (NIM) have been expanding for 3 consecutive quarters, from 2.59% in the late quarter of last year to 2.75% in the current quarter.
“The increase in net interest earnings is due to our discipline in pricing and our strategy of putting customer deposits first.”
Net interest earnings are expected to narrow at the end of the quarter
However, Lianchang...

Hi mooers!
$CrowdStrike (CRWD.US)$ is set to release its Q3 FY2025 financial results on November 26 after the bell. Unlock insights with CRWD Earnings Hub>>
CrowdStrike stock has gained more than +40% in 2024 as shares rebound from a global IT outage in July. On Friday, November 22, four Wall Street brokerages on Friday upped their price targets on CrowdStrike, with some analysts predict large improve from CrowdStrike's...