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Extension of vehicle delivery period a boon to OEMs

The Star Business LogoThe Star Business1 mo ago

Extension of vehicle delivery period a boon to OEMs

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KUALA LUMPUR: While the deadline for the automotive sales and services tax (SST) exemption will expire on June 30, 2022, the government's decision to allow the waiver to include vehicles delivered up to March 31, 2023, would help original equipment manufacturers (OEM) sustain their margins until the year-end, says Hong Leong Investment Bank (HLIB) Research.

It favours MBMR (Buy, TP:RM5) and DRB-Hicom (Buy, TP:RM2) on expectation of local OEMs to outperform with potential growth from new export markets.

"We expect OEMs to remain cautious in their budgets in 2023, while leveraging onto attractive new model launches to sustain their sales volume," it said.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: /Business/Business News HLIB Analyst Reports Bermaz Auto OEM MBMR DRB-Hicom Automotive SST

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-21, 09:50:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 3 minutes read

Article Length: 392 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 1482

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 37 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 56m ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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