nope

closed rm1.52, down 1c (29 Nov 2013)

http://www.bursamalaysia.com/market/listed...stock_code=5248

it's okay, confusion normally happen

Berjaya Auto 3Q profit soars 376% on-year to RM30.6m

Berjaya Auto Bhd’s net profit rose 376% year-on-year (y-o-y) to RM30.6 million in the third quarter ended Jan 31, 2014, from RM6.4 million.

Revenue also leapt 53% y-o-y to RM343.0 million from RM224.6 million.

In a statement to Bursa Malaysia, the firm said the higher profit mainly arose from the weakened yen against the ringgit.

It also said the higher profit was due to the higher revenue and improvement in the overall gross profit margin in Malaysia.

Berjaya Auto said the larger revenue was mainly due to good demand for the new complete built units of Skyactiv models (Mazda3, CX-5 (2.5L), Mazda6 and Biante) and sales contribution from Berjaya Auto Philippines Inc.

Mazda Malaysia Sdn Bhd is an associated company of Berjaya Auto.

For the nine-month period, net profit recorded RM84.3 million versus RM27.5 million in the previous corresponding period, while revenue registered RM1.05 billion from RM656.1 million a year earlier.

Berjaya Auto said the higher profit was mainly due to higher revenue and improvement in gross profit margin for certain popular models in Malaysia.

Strong earnings ahead for Berjaya Auto: Maybank IB Research

Maybank IB Research is maintaining its Buy call on Berjaya Auto Bhd at a target price of RM2.90 based on calendar year 2015 (CY15), price-to-earnings ratio of 12 times, offering 44% upside with the last closing price at RM2.01.

Its fourth quarter 2014 results possibly may beat expectations, the research house said.

Maybank IB expects Berjaya Auto to record a net profit of RM45mil-RM50mil in its fourth quarter higher gross profit margin.

The research house has increased its core net earnings of financial year 2014-2016 by 20-23% on stronger margins outlook from lower cost of sales and betters sales mix.

http://www.thestar.com.my/Business/Investi...r-Berjaya-Auto/