holding tight,

hahaha

happy trading

加仓 1.11

哈哈哈

乐投资

probably be conservative, Choong. BAuto's track records speaks for itself be it the mgmt or balance sheet including capital management. The current internal models availability, external factor such as influx of China cars have weakened its balance sheet including higher div payout but not enough to raise a red flag yet. Top line and bottom line shrunk by 30% to 40% range; justified the current low valuation if you will. The pressure from China cars will persists and BAuto's strategies (segment/market differentiation) moving forward will be tested; takes time if you will. Hopefully we will not see weakened balance sheet/low valuation turning into distress situation - losses, margins dropped, growing leverage, and etc.

Agreed with you Cheng on product segmentation and competition from chinese brands. Just don't understand y other japanese brands already react to chinese brands by offering new models, price rebates, new EVs like Honda and Bermaz just act like BAU. Bermaz used to be very aggressive when they still under Berjaya Motor but now is like another TChong with ageing and uncompetitive models