Good earnings visibility for carmakers
The Star Online - Business·2024-04-25 08:01
PETALING JAYA: Analysts generally expect the automotive sector’s earnings visibility to remain good, backed by a booking backlog of 200,000 units as of end-February 2024.
More than half of the backlog is made up of new models, indicating how appealing new models are to car buyers. The trend is likely to persist throughout 2024, given a strong line-up of new launches, said analysts.
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