Berjaya Auto 'prime beneficiary' as yen weakens: Maybank
Research house also says weaker Japanese currency may lift firm's earnings by 11-17% over next three years
Kuala Lumpur
MAYBANK Research has singled out auto-parts and vehicle distributor Berjaya Auto (BJAuto) as possibly the biggest beneficiary of the weak Japanese yen. Standout statistic: 60-65 per cent of its cost of goods sold is denoted in the currency.
The firm's latest piece of good fortune reinforces its positive vibes among analysts. It was listed in November last year at an offer price of 70 sen and its price has surged fivefold since, driven along by its strong balance sheet and a three-year compounded annual growth rate (CAGR) of 37 per cent.
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