UMW Toyota Motor had launched the new facelift of the Toyota Camry.However the new facelift only will give neutral impact.Read the full news from Bernama below.
FACELIFT FOR NEW TOYOTA CAMRY WILL HAVE NEUTRAL IMPACT, SAYS MIDF.
Introduction of the facelift for the new Toyota Camry by UMW Toyota Motor will have a neutral impact to sales projection, says MIDF Research.
“No revisions were made to our earnings forecast for UMW as the introduction of the facelift models will have a neutral impact,” the local research firm said.
UMW expects to sell 1,000 units of the new facelift models a month and maintains the full year sales target at 82,000 units for this year, which is 19.3 per cent lower year-on-year.
While the automotive segment is expected to remain flat, the main growth would be from the oil and gas segment, said MIDF in its research note.
“We expect bigger numbers especially at the pre-tax profit level from a stronger contribution from associate companies,” it added.