Auto Sales Outlook Positive On Booking Backlog
Auto Sales Outlook Positive On Booking Backlog
In general, the industry's earnings visibility is still good, backed by a booking backlog of 160,000 units. The slight decrease of 1% in new vehicle sales in August 2024 is unlikely to stop the upward momentum of the auto sector.
2024年8月新車銷量微降1%，不太可能阻止汽車行業的上升勢頭。
New car sales, also referred to as Total Industry Volume (TIV), fell slightly month-on-month to 71,162 units in August despite aggressive promotion efforts as buyers digest government measures: e-invoicing, petrol subsidy rationalisation and civil servant pay hike.
新車銷量，也被稱爲總行業板塊（TIV），儘管推廣力度加大，但8月份銷量微降至71,162輛，消費者在消化政府措施：電子發票、燃油補貼合理化和公務員工資漲幅。
Nevertheless, with the 8-month volume making up 72% of the full-year projection of 740,000 units, analysts considered the number as meeting their expectation.
然而，雖然前8個月的銷量佔全年預期74萬輛的72%，分析師們認爲這個數字符合他們的預期。
In general, the industry's earnings visibility is still good, backed by a booking backlog of 160,000 units.
總的來說，該行業的盈利可見度仍然良好，支撐着預訂備貨量達16萬輛。
Kenanga's 2024 TIV forecast is a tad more conservative than the 765,000 units projected by Malaysia Automotive Association (MAA), pointing to e-invoicing and petrol subsidy rationalisation that could weigh down vehicle sales in the second half of 2024.
肯納加（Kenanga）對2024年的總行業板塊預測比馬來西亞汽車協會（MAA）預測的76.5萬輛更爲保守，這可能受到電子發票和燃油補貼合理化對2024年下半年銷量的拖累。
While the affordable segment remains relatively unaffected, fuel subsidy rationalisation will likely hurt the demand for mid-market models, giving rise to a two-speed market locally.
儘管價格較低的車型相對不受影響，但燃油補貼合理化可能會影響中檔車型的需求，導致本地市場出現兩級速度。
Additionally, the recently announced pay raise for civil servants, 15% for the management and professional category and 7% for the upper management, could boost consumer spending power and push up car sales.
此外，最近對公務員宣佈的加薪政策，管理和專業人員類別的加薪幅度爲15%，高層管理人員的加薪幅度爲7%，可能提振消費者的消費能力，推動汽車銷量上升。
Analysts' top pick in the sector is MBM Resources Bhd (MBMR) with a target price of RM6.30. As at 4:19pm, MBMR's stock traded at RM5.78. (Google-hosted Bursa updates)
分析師們在該行業的首選股是MBm Resources Bhd（MBMR），目標價爲RM6.30。至下午4:19，MBMR的股價爲RM5.78。（Google主辦的Bursa更新）
