Bermaz Auto stock gets growth catalysts from new Mazda models

Published on 11/10/2026 at 03:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bermaz Auto stock is set for a model-led growth test. Analysts see Mazda launches and stronger bookings supporting the next earnings phase.

Mazda launches reset the outlook

Analysts expect the locally assembled Mazda CX-5 and a new B-segment SUV to support Bermaz Auto's next growth phase.
BAuto is targeting 12,200 Mazda sales and 2,000 Xpeng sales in Malaysia for FY27.
MBSB Research raised its rating to Buy and lifted its target price to 99 sen from 85 sen.

Bermaz Auto, MYL5248OO009, Illustration mit AI erstellt.

Bermaz Auto's growth outlook is improving as new Mazda models and an expanding Xpeng business support vehicle sales in Malaysia. The Star reported on Monday, October 12, 2026, that analysts expect the locally assembled Mazda CX-5 and a new B-segment sport utility vehicle to underpin the next stage of growth.

New models set the pace

Kenanga Research expects Bermaz Auto's net profit to stay above RM100 million in the financial year ending April 2027 and potentially approach RM200 million later as new products gain traction. The locally assembled CX-5 is scheduled for the second half of 2027, while the new B-segment SUV is expected by the end of 2027.

The current CX-5 entered Malaysia as a fully imported model in October. Kenanga expects monthly sales of up to 300 units initially and as many as 500 units after locally assembled variants arrive in July or August 2027. The higher-priced imported version could limit the initial recovery, according to CIMB Securities Research.

Sales targets support recovery

Bermaz Auto is targeting 12,200 Mazda vehicle sales in Malaysia in FY27, a 24.3 percent increase from the previous year. Mazda Malaysia sold 3,024 units in the first quarter ended July 31, while outstanding bookings stood at about 1,200 units, including approximately 800 for the new CX-5.

The company is also targeting 2,000 Xpeng sales in FY27, up 33.2 percent year over year. MBSB Research said around 20 percent of that target had been reached in the first quarter, with roughly 250 outstanding bookings.

Analysts raise their targets

CIMB Securities Research kept its Buy rating and RM1.25 target price. Kenanga maintained Outperform with a RM1.30 target, while MBSB upgraded Bermaz Auto to Buy from Neutral and raised its target to 99 sen from 85 sen after lifting its FY27 and FY28 earnings forecasts.

Bermaz Auto reported FY26 net profit of RM104.73 million and revenue of RM2.28 billion. The company also holds an 11.54 percent stake in EP Manufacturing, which provides contract assembly services and gives the group exposure to automotive production beyond Mazda.