Bermaz Auto 1QFY27 profit jumps to RM40.5m, upgraded to Outperform with RM1.28 target
Bermaz Auto Bhd's first-quarter FY27 net profit rose nearly five times year-on-year to RM40.5 million, driven by higher domestic Mazda sales volume. Public Investment Bank upgraded the stock from Neutral to Outperform and raised its target price to RM1.28 from RM0.82, citing stronger-than-expected demand and improving margins.