Latest news with #Myvi
The Star
3 days ago
- Automotive
- The Star
Auto sector steady on firm demand, policy boost
BIMB Securities Research said the sector's near-term outlook remains balanced. PETALING JAYA: Malaysia's automotive sector continues to show resilience, with underlying demand holding firm and recent policy developments providing a short-term boost. Despite a monthly pickup in total industry volume (TIV), caution is advised amid external and competitive headwinds. According to BIMB Securities Research, the sector's near-term outlook remains balanced. Reiterating its 'neutral' call, the research house explained that its view on the automotive sector is supported by resilient underlying demand and favourable income policies. In a note, BIMB Securities Research highlighted expectations of new open market value duties potentially kicking in by 2026, which could act as a catalyst for early purchases and boost sales in the fourth quarter of 2025. TIV for May 2025 rose 12% month-on-month (m-o-m) to 68,007 units, driven by stronger passenger and commercial vehicle sales. Passenger vehicles climbed 12.1% m-o-m to 55,971 units, while commercial units increased by 15.2% to 5,250 units. However, year-to-date figures told a more muted story – sales slipped 5% to 316,737 units compared with the same period in 2024. BIMB Securities Research cautioned that several risks could dampen sentiment going forward. 'Key downside risks include global supply chain disruptions, softer consumer sentiment amid rising living costs, and competitive pressures from intensifying rivalry with Chinese original equipment manufacturers and the ongoing China electric vehicle (EV) price war,' it noted. Still, the research house believes current market jitters are not necessarily reflective of sector fundamentals. 'Although fundamentals remain robust, recent sell-offs appear largely sentiment-driven,' it noted. In terms of stock picks, BIMB Securities Research is reviewing its calls but has retained a 'neutral' stance on several key players. 'While our stock calls are currently under review, we maintain a 'hold' call on Sime Darby Bhd , MBM Resources Bhd and Bermaz Auto Bhd (BAuto),' the research house said. Its target price for Sime Darby stands at RM2.10, while that for MBM is at RM5.50 and 86 sen for BAuto. Statistics showed that national brands continued to dominate in May, with sales rising 11.7% m-o-m to 44,149 units. Perodua led with a 14.7% m-o-m gain, driven by strong demand for the Bezza and Myvi, while Proton saw a 4.9% uptick. Non-national marques also improved, up 13.6% m-o-m to 23,858 units. Toyota and Honda led the charge, but Mazda saw a 14% drop. EV momentum is gaining traction, though adoption remains well below national targets. 'Malaysia's EV registrations rose 44% m-o-m to 4,152 units in May 2025,' BIMB Securities Research noted, citing Road Transport Department data. Tesla's new Model Y facelift boosted sales 10-fold to 1,075 units, while BYD remained the top performer with 1,148 units. That said, with EV penetration at just 4.1%, the road to 20% by 2030 remains long, BIMB Securities Research noted.
New Straits Times
13-06-2025
- New Straits Times
#NSTviral: Reckless bus driver sparks online backlash after dangerous highway stunt
KUALA LUMPUR: An express bus driver is under fire after a video showing his dangerous driving went viral on social media, sparking public outrage and renewed concern over road safety. The one-minute-plus video, uploaded on Threads by @mynewshub, shows the driver speeding in the right-hand lane, tailgating and aggressively cutting off other vehicles. "He's driving like a maniac, speeding, swerving, cutting in and even flashing the middle finger. The company name and registration number are visible," read the caption. The footage also shows the driver overtaking without signalling and allegedly making a rude gesture at another motorist. The incident is believed to have occurred on a busy major highway, raising serious concerns about passenger and road user safety. What drew further criticism was that the bus' number plate and company branding were visible, making it easy for netizens to identify the operator. Several social media users claimed this was not the first time a bus from the same operator had been involved in reckless driving. "Please take action against the company. Drivers should be more sensitive and maintain proper manners — don't behave like this. "Last April, a bus from the same operator hit our Myvi. They said it was a blind spot issue while changing lanes. We didn't even lodge a report because I just let it slide," said one user. Many called on authorities and the bus company to take swift action, with some questioning the operator's driver monitoring procedures and whether their staff are properly trained in safety and professionalism.
The Star
09-06-2025
- The Star
Four Singaporean tourists in private-hire car injured in accident near Genting
Image from The Star/Asia News Network SINGAPORE/GENTING HIGHLANDS (The Straits Times/ANN): Four Singaporean tourists were injured in an accident near Malaysia's Genting Highlands on June 8, with the driver of the pickup truck that collided with their car arrested after allegedly fleeing the scene. The accident happened at around 4.50pm at the Pahang section of Jalan Genting Permai towards the middle of the highlands, reported Malaysian daily China Press. The Singaporeans were being driven in a private-hire Perodua Myvi when they were involved in a collision with a pickup truck driven by a man described as a non-Malaysian. The Toyota pickup was ferrying three passengers. In photos from China Press, the right side of the grey Myvi's front bumper and headlamp are seen to be badly damaged. The car is parked on a patch of grass next to the road. The photos show that at least two of the tourists required assistance and were wearing neck or leg braces. The Myvi driver was unharmed, China Press reported. The driver of the pickup truck had driven away from the location of the accident in an apparent attempt to escape, according to the report. The local police tracked him down and later arrested him. - The Straits Times/ANN
New Paper
09-06-2025
- New Paper
4 Singaporean tourists in private-hire car injured in accident near Genting
Four Singaporean tourists were injured in an accident near Malaysia's Genting Highlands on June 8, with the driver of the pick-up that collided with their car arrested after allegedly fleeing the scene. The accident happened around 4.50pm at the Pahang section of Jalan Genting Permai towards the middle of the Genting hills, reported Malaysian daily China Press. The Singaporeans were being driven in a private-hire Myvi which collided with a pick-up driven by a man described as a non-Malaysian. The pick-up also ferried three other passengers. In photos from China Press, the right side of the grey Myvi's front bumper and headlamp can be seen badly damaged while the car is parked on a grass patch next to the road. At least two of the tourists can be seen requiring assistance with neck or leg braces. The Myvi driver escaped without harm, China Press reported. The driver of the Toyota pick-up had driven away from the location of the accident, in an apparent attempt to escape, according to the report. But local police tracked him down and arrested him later.
Straits Times
09-06-2025
- Straits Times
4 Singaporean tourists in private-hire car injured in accident near Genting
Four Singaporean tourists were injured in an accident near Malaysia's Genting Highlands on June 8, with the driver of the pick-up that collided with their car arrested after allegedly fleeing the scene. The accident happened around 4.50pm at the Pahang section of Jalan Genting Permai towards the middle of the Genting hills, reported Malaysian daily China Press. The Singaporeans were being driven in a private-hire Myvi which collided with a pick-up driven by a man described as a non-Malaysian. The pick-up also ferried three other passengers. In photos from China Press, the right side of the grey Myvi's front bumper and headlamp can be seen badly damaged while the car is parked on a grass patch next to the road. At least two of the tourists can be seen requiring assistance with neck or leg braces. The Myvi driver escaped without harm, China Press reported. The driver of the Toyota pick-up had driven away from the location of the accident, in an apparent attempt to escape, according to the report. But local police tracked him down and arrested him later. Join ST's Telegram channel and get the latest breaking news delivered to you.
