Bermaz Auto stock gains as Kenanga keeps RM1.30 target

Published on 09/22/2026 at 09:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bermaz Auto stock traded at RM0.785 on September 22, 2026, while Kenanga retained an RM1.30 target. Its 3,500-unit backlog supports the outlook.

Bermaz Auto, MYL0010OO009, Illustration mit AI erstellt.

Bermaz Auto stock traded at RM0.785 on Bursa Malaysia on September 22, 2026, up 1.29 percent from RM0.775, with 652,500 shares changing hands. The market data also showed an intraday range of RM0.78 to RM0.79, giving investors a current reference point as the Malaysian automotive sector adjusts to faster electric vehicle adoption.

Kenanga keeps RM1.30 target

As Business Today reported on September 21, 2026, Kenanga maintained an OUTPERFORM rating on Bermaz Auto and a target price of RM1.30. The target stands RM0.515, or 65.6 percent, above the September 22 market price, a quantified gap that puts the research house view in clear contrast with the prevailing quotation.

Kenanga identified Bermaz Auto as a preferred automotive-sector exposure and highlighted a 3,500-unit order backlog, a higher-margin Mazda portfolio and an estimated dividend yield of 11 percent, according to the same September 21 report from Business Today. Those figures make order conversion and margin protection more important than headline vehicle volumes alone.

EV growth raises competition

Malaysia recorded 8,833 battery electric vehicle registrations in August 2026, while cumulative registrations reached 47,508 units in the first eight months, up 103 percent year on year, according to Business Today. The comparison is material for Bermaz Auto because the expanding EV segment is also intensifying competition for showroom traffic and customer budgets.

The broader market contained a counter-factor: Malaysia's total industry volume fell 4 percent year on year in August 2026, while Kenanga said automakers were relying increasingly on discounts and rebates. The report also cited the revised open-market-value excise-duty regulations scheduled for phased implementation from January 2027, adding a policy variable to future vehicle pricing and profitability.

Stock trades below target

At RM0.785 on September 22, 2026, Bermaz Auto stock remained RM0.515 below Kenanga's RM1.30 target. The closing market figure and the 65.6 percent calculated difference frame the central investor issue: whether the 3,500-unit backlog and Mazda mix can offset sector-wide discounting and the structural shift toward locally assembled electric vehicles.