KUALA LUMPUR: Local analysts remain neutral on the auto and autoparts sector as the Goods and Services Tax (GST) implementation and other macroeconomic headwinds will pose challenges for automotive sales in 2015. RHB Research said it remained neutral with Berjaya Auto and MBM Resources as its top picks at target price of RM4.50 and RM3.55, respectively, while Kenanga Research House picked Berjaya Auto and DRB-Hicom at a target price of RM4.29 and RM2.30, respectively.
To continue reading the rest of the article, click here