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> Bidder for Peugeot and Kia in Malaysia, Who do you want it to be?

Whom do you wish these will be taking over the dealership?
 
Bermaz [ 71 ] ** [62.83%]
Sime Darby [ 15 ] ** [13.27%]
DRB Hicom [ 19 ] ** [16.81%]
Others (please specify in comments) [ 8 ] ** [7.08%]
Total Votes: 113
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oM41GoD_
post Mar 24 2021, 09:59 AM

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QUOTE(EnergyAnalyst @ Mar 24 2021, 09:50 AM)
That was a year ago news, right . Don't think it will materialize.
The word is NAZA is ....

https://themalaysianreserve.com/2020/10/30/...-auto-business/
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Suzuki Returns To Malaysia This April 2021 With Swift And Jimny
https://www.dsf.my/2021/03/suzuki-returns-t...sVWmu6SHmidgaJo

dunno true or not
TSEnergyAnalyst
post Mar 24 2021, 10:19 AM

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QUOTE(BelaCHAN @ Mar 24 2021, 09:56 AM)
I got turned off by the logo... ....

Damn singaporean... ...
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LOL...

If it does , don't buy.... cool2.gif

I get it....In a world where everyone else's logo going flat, think Nissan , think Kia, think even GM, this Peugeot buck the trend and go the opposite , so it irks many , I really get it.

In fact even Stellantis logo is getting a lot of "why, why why?" kind of response



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Mr Mercedes
post Mar 24 2021, 01:39 PM

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QUOTE(oM41GoD_ @ Mar 24 2021, 09:59 AM)
Suzuki Returns To Malaysia This April 2021 With Swift And Jimny
https://www.dsf.my/2021/03/suzuki-returns-t...sVWmu6SHmidgaJo

dunno true or not
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Suzuki was reasonably priced under the last dealer (apart from the S-Cross)

Not looking forward to this, given how expensive Kia prices are now.
shaniandras2787
post Mar 25 2021, 12:44 PM

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QUOTE(EnergyAnalyst @ Mar 24 2021, 10:19 AM)
LOL...

If it does , don't buy.... cool2.gif

I get it....In a world where everyone else's logo going flat, think Nissan , think Kia, think even GM, this Peugeot buck the trend and go the opposite , so it irks many , I really get it.

In fact even Stellantis logo is getting a lot of "why, why why?" kind of response
*
*agrees*

the French are known to make funky "not boring" cars and they worked half the time. I personally don't have any issues with the new emblem but just that it's a tad too big but that is all. A Lamborghini also adorns a crest as its background and no one complained dry.gif

This post has been edited by shaniandras2787: Mar 25 2021, 12:45 PM
TSEnergyAnalyst
post Apr 2 2021, 09:55 AM

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https://www.theedgemarkets.com/article/berm...te-kia-vehicles

QUOTE
Bermaz Auto to manufacture and distribute Kia vehicles

Adam Aziz

/

theedgemarkets.com


April 01, 2021 18:50 pm +08

-A+A

KUALA LUMPUR (April 1): Bermaz Auto Bhd (BAuto) is partnering Kia Motors Corp to undertake manufacturing and distributing Kia vehicles in Malaysia.

The two parties are forming a JV company named Kia Malaysia Sdn Bhd (KMSB) to undertake the assembly of complete knock-down (CKD) Kia vehicles here whereby BAuto will own 33.33% with the remainder to be held by Kia Corp.

“Kia Corp intends to make KMSB the regional manufacturing hub for its Kia brand of vehicles in ASEAN countries and other potential markets,” said BAuto in its filing.


The JV will produce its first two models Kia Seltos and Kia Carnival, with a third model to be determined later. BAuto said it may fund up to RM20 million for its portion of KMSB’s share capital depending on the company’s funding requirements.

Concurrently Kia Corp has also appointed Dinamikjaya Motors Sdn Bhd as the new distributor of Kia vehicles in Malaysia.

BAuto announced today that it will pay RM3.25 million to subscribe to a 65% stake in Dinamikjaya from its original promoters and shareholders “which are also involved in the wholesale and retail of motor vehicles in Malaysia”.

“After months of searching for the right partner, Kia is delighted to enter into the Kia JV and Kia Distributorship with BAuto,” Kia Asia Pacific president and chief executive officer Tae Hun Lee said in a statement.

“With BAuto’s proven capability in successfully building up automotive marques in Malaysia and the Philippines as well as their automotive manufacturing experience, we believe we have placed the Kia brand in good hands under the capable leadership of its Executive Chairman, Datuk Seri Ben Yeoh,” Tae added.

Yeoh, in the same statement, said that the Kia JV and distributorship will complement BAuto’s existing group automotive businesses — which include being the official distributor of Mazda models here.

“We are pleased to be given this opportunity to undertake the Kia JV and Kia distributorship with our partner Kia under Hyundai Motor Group, which is Korea's second-largest multinational automotive manufacturer and currently the fifth-largest automotive manufacturer in the world,” Yeoh said.

It was reported in October last year that Kia’s official distributor Naza Group was looking to let go of its distributorship of the Korean carmaker as well as Peugeot as a result of the weak automotive market, with BAuto tipped by analysts as the likely winner.

Shares of BAuto closed unchanged at RM1.44 today, valuing the automotive outfit at RM1.68 billion.

Kathy Fong
This post has been edited by EnergyAnalyst: Apr 2 2021, 09:57 AM
Mr Mercedes
post Apr 2 2021, 12:45 PM

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QUOTE(EnergyAnalyst @ Apr 2 2021, 09:55 AM)
Now Bermaz has the lions share in the "premium generalist" market.

Mazda, Peugeot and Kia are positioned as premium generalist (or attempting to move upmarket) alongside VW, priced and positioned higher than the likes of Toyota, Honda, Nissan, Ford, while remaining below merc, beemer, audi, lexus and etc.
TSEnergyAnalyst
post Apr 2 2021, 03:56 PM

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QUOTE(Mr Mercedes @ Apr 2 2021, 12:45 PM)
Now Bermaz has the lions share in the "premium generalist" market.

Mazda, Peugeot and Kia are positioned as premium generalist (or attempting to move upmarket) alongside VW, priced and positioned higher than the likes of Toyota, Honda, Nissan, Ford, while remaining below merc, beemer, audi, lexus and etc.
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Not forgetting a few other brands already coming on board...Chinese ones
TSEnergyAnalyst
post Apr 2 2021, 10:22 PM

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QUOTE(oM41GoD_ @ Mar 24 2021, 09:45 AM)
and Naza secured suzuki brand for malaysia

damn...
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QUOTE(oM41GoD_ @ Mar 24 2021, 09:59 AM)
Suzuki Returns To Malaysia This April 2021 With Swift And Jimny
https://www.dsf.my/2021/03/suzuki-returns-t...sVWmu6SHmidgaJo

dunno true or not
*
QUOTE(Mr Mercedes @ Mar 24 2021, 01:39 PM)
Suzuki was reasonably priced under the last dealer (apart from the S-Cross)

Not looking forward to this, given how expensive Kia prices are now.
*
https://www.thestar.com.my/business/busines...tor-in-malaysia

QUOTE
Naza Eastern Motors appointed as Suzuki distributor in Malaysia
AUTO
Friday, 02 Apr 2021

8:32 PM MYT


PETALING JAYA: Naza Eastern Motors Sdn Bhd has been appointed as the distributor of new Suzuki cars in Malaysia.

The first Suzuki model is set to be launched in Malaysia in April.

In a statement, Naza said the appointment allowed Naza Eastern Motors to sell and provide after-sales service for new generation Suzuki vehicles only.

Naza Corp Holdings group executive chairman/CEO SM Nasarudin SM Nasimuddin said: “It brings us great honour to be able to work with a Japanese automotive giant that successfully captured the hearts of Malaysian consumers during its years in the Malaysian market.

“The team at Naza Eastern Motors is committed to ensure we build on the strong reputation Suzuki has established by providing quality products that are reliable, desirable and cheerful,” he said.


Suzuki Motor Corporation senior managing officer, executive general manager, global automobile marketing Kinji Saito said Suzuki was delighted to return to the Malaysian market with the Naza Group as its distributor.

“Our experience with the Malaysian market has been delightful due to the huge acceptance from our customers, and we greatly appreciate the continued trust for Suzuki. We are looking forward to introducing our latest award-winning cars to these loyal Suzuki fans,” he said.

Suzuki’s first flagship 3S showroom will be located in Naza Automall, Petaling Jaya. Inspired by the Suzuki “Way of Life!” motto, the showroom boasts more than 3,000sqft of space and will welcome customers with a bright and vibrant environment along with some interactive points.

whistling.gif tongue.gif
TSEnergyAnalyst
post Apr 5 2021, 07:04 PM

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https://www.nst.com.my/business/2021/04/679...thin-five-years

Big big plan to topple Mazda?

QUOTE
BUSINESS

Kia sales to surpass Bermaz Auto's Mazda volume within five years?

By Ayisy Yusof
April 5, 2021 @ 10:11am

Bermaz Auto Bhd’s (BAuto) partnership with Kia Motors Corp will likely deliver sales of about 2,000 units of Kia vehicles next year, some analysts said. Pix by Bloomberg

KUALA LUMPUR: Bermaz Auto Bhd's (BAuto) partnership with Kia Motors Corp will likely deliver sales of about 2,000 units of Kia vehicles next year, some analysts said.

This would subsequently more than triple to 7,000 units in 2023, according to CGS-CIMB Research.

MIDF Research believes that over four to five years, Kia's sales volume can match or exceed BAuto's Mazda volume of between 10,000 and 12,000 per annum.

BAuto and Kia on Friday signed an agreement to form Kia Malaysia Sdn Bhd to undertake the assembly of completely knocked down (CKD) Kia vehicles in Malaysia.

CGS-CIMB said the partnership was BAuto's effort to expand its portfolio offerings across middle-to-premium segments.

This came after the recent addition of Peugeot distributorship under a 20 per cent-owned associate Berjaya Auto Alliance.

CGS-CIMB said BAuto and Kia would hold 33.3 per cent and 66.7 per cent stakes in Kia Malaysia with an initial investment of RM20 million and RM40 million respectively.

The South Korean carmaker has also appointed BAuto's subsidiary Dinamikjaya Motors Sdn Bhd as the new distributor of Kia vehicles in Malaysia.

Dinamikjaya holds the right to distribute and sell Kia vehicles, CKD and completely built-up (CBU) models, sales of genuine parts as well as the provision of after sales service in Malaysia.

CGS-CIMB analyst Mohd Shanaz Noor Azam said Dinamikjaya would be a bigger sales volume driver than Berjaya Auto.

"We also see an attractive opportunity for the after sales services business given that there have been over 45,000 Kia vehicles sold in Malaysia over the past 10 years," he said in a report.

Mohd Shanaz said BAuto's 29 per cent-owned associate Inokom would benefit from higher assembly volumes given that Kia Malaysia was expecting to utilise Inokom's production assembly in Kulim, Kedah.

"BAuto could also benefit from Kia's aggressive electric vehicle (EV) roadmap strategy given that the Korean marque plans to introduce 11 EV models by 2027," he said.

Kia and BAuto said three models were initially planned for the Malaysian market.

The first two models - Kia Seltos and Kia Carnival - are expected to be produced locally under the new set up, while the third model will be determined at a later stage.

"We gathered that Kia Malaysia plans to start the CKD assembly with the Carnival in the fourth-quarter of 2021, followed by Kia Seltos in the second quarter of 2022," he said.

Kia plans to establish Kia Malaysia as the regional manufacturing hub for its vehicles in Asean countries and other potential markets.

CGD-CIMB raised BAuto's financial year ending April 30, 2022 to 2023 (FY22-FY23) earnings per share (EPS) by 5.0 per cent to 15 per cent and retain "add" call with a higher target price of RM1.88 per share.

 

The higher EPS forecast takes into account new volume contribution from Dinamikjaya as BAuto might deliver a combined 16,000 and 20,500 units sales volume in FY22 and FY23 respectively.

"We expect a two-year earnings per share compound annual growth rate (CAGR) of 29 per cent (FY21-FY23)."

MIDF Research analyst Hafriz Hezry said Kia aimed to make Kia Malaysia its assembly hub for Asean (Thailand, the Philippines, Cambodia).

"Kia currently has little manufacturing presence within Asean, with only one joint-venture in Vietnam for assembly of left-hand drive models for its domestic market.

"Exports is expected to commence within the same timeline as domestic CKD models.

"We think Kia Malaysia has the potential to serve as an important platform to leapfrog Kia's expansion within this region," he said in a report.


"Beyond immediate-term prospects, Kia also has a range of EV and hybrid models, which would prepare BAuto well for the eventual transition within the next one to two decades."

Hafriz said Dinamikjaya could turn in profits within the first year of operations by FY22, based on the targeted 2,000-2,500 units in 2022.
This post has been edited by EnergyAnalyst: Apr 5 2021, 07:08 PM
TSEnergyAnalyst
post Apr 9 2021, 09:31 PM

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https://www.businesstimes.com.sg/hub/bt-mot...ing-kias-future




TSEnergyAnalyst
post Jun 10 2021, 09:51 AM

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https://www.thestar.com.my/business/busines...side-for-bermaz




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