First posted about on 20 Feb @ Price 3.45 with the Headline:
Berjaya Auto Berhad: 5248 - Banking on upcoming Mazda Models
Since then, price has slowly climb to 4.04 (up 17%).Today I manage to have a glimpse at the 1st Quarter 2015 vehicle sales. Latest BJAUTO Quarterly report was announced on 31 Jan 2015 with EPS 5.74.
Total vehicle sales for BJAUTO 1st Quarter 2015 has improved around 50% compare to 2014. From 2.2k (1st Q 2014) to 3.3k (1st Q 2015).
As BJAUTO has launched Mazda 2 (Jan 15) and Mazda 3 (Mac 15), it would be safe to assume that the current price is reflecting the good vehicle sales recorded.
For the balance months of 2015, the improved version of Mazda 6, CX-5 and CX-3 is yet to be launched. Banking into this, I will continue to HOLD/ADD BJAUTO. Let's look again this stock once they have announce the next quarter earnings for 30 April 2015 - Most likely End June.
Till then Happy Trading!
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Regards,
Humble Pie
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