PETALING JAYA: RHB Research has lifted its total industry volume (TIV) forecast for 2025 after the earnings of automotive companies for the third quarter ended September (3Q25) were deemed “overall in-line” with expectations. “This is in line with the year-to-date 2025 TIV of 727,800 units (-1% y-o-y), which is at 92% of our 2025 forecast,” it said. On the performance of selected companies, RHB Research said Sime Darby Bhd ’s core profit of RM335mil (-8% y-o-y) came largely within expectations. Meanwhile, for MBM Resources Bhd , RHB Research said the positive deviation mainly came from higher-than-expected Perodua sales volumes and contributions from associates. Management guided that Perodua’s backlogs remained resilient at 89,000 (from 90,000 in the previous quarter) and we have also lifted our sales volume assumptions for this marque accordingly.”Overall, RHB Research is keeping its “neutral” outlook for the automotive sector.

Source: The Star December 29, 2025 01:11 UTC