KUCHING: Analysts have reaffirmed ‘buy’ on MBM Resources Bhd (MBM) following Perodua’s launch of the 2020 Bezza facelift.
According to the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research), the facelift Bezza is packing up on features and is the most affordable sedan in Malaysia to be equipped with auto emergency braking (AEB).
Quoting MIDF Amanah Investment Bank Bhd (MIDF Research), Borneo Post said Bezza is one of Perodua’s key volume drivers, generating approximately 4000 unit sales per month and accounting for an estimated 20 per cent of Perodua’s total industry volume (TIV).
Plus, it said, Perodua management’s target sales of 4,000 units per month for the facelift Bezza is in-line with historical sales.
MIDF Research noted that other than the facelift Bezza, Perodua is scheduled to introduce its B-segment sports utility vehicle (SUV), possibly in the second half of 2020 (2H20), positioned below the Aruz which is priced at RM70,000 to RM80,000.
As such, MIDF Research reaffirmed its ‘buy’ on MBM at an unchanged target price of RM4.55 per share.