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Automotive-200103-1Q20 Strategy (Kenanga)
Sector Update 03 January 2020 Automotive NEUTRAL National Marques Overtaking on the Fast Lane ↔ By Wan Mustaqim Bin Wan Ab Aziz l [email protected] We maintain our NEUTRAL rating on the AUTOMOTIVE sector. The MIER consumer sentiment index scored 84.0 points (-9.0ppt QoQ, -23.5ppt YoY) in 3QCY19 which is below the optimistic threshold (>100pts) due to normalisation of consumer confidence post-tax holiday and weak macroeconomic outlook. Reflecting this, we are seeing car sales trending in favour of value-for-money national marques, as evident from their 11MCY19 TIV market share of 57%. Non-national marques on the other hand, are focusing on higher-margin lower-volume models (catering to higher purchasing power consumers). Notable developments in Automotive industry in 2019/2020 include: (i) national marques surpassing non-national marques in terms of market share, (ii) Proton has surpassed Honda as no.2 trailing behind Perodua, (iii) increasing number of new model launches, (iv) better incentives under National Automotive Policy 2020 (tentatively on 1QCY20), and (v) another OPR rate cut by 25bps (to 2.75%) in 2020, which should have minimal positive impact on vehicles loans. No changes to our 2019 TIV target of 600,000 units (+0.2%), and we introduce 2020 TIV target of 612,000 units (+2%) matching MAA’s target factoring the extra boost from national marques (Proton and Perodua). Our sector top-pick is BAUTO (OP; TP: RM2.65) for its defensible niche SUV market and attractive, steady dividend yield of 7.3%. National marques affirming leading market position . As of 11MCY19, the national marques (57%) continued to stay above non-national marques (43%) in terms of market share, marking a year not seen since 2013, owing to the outstanding sales from Perodua, especially after the introduction of its all-new Perodua Myvi and supported by the all-new Perodua Aruz (27,389 units delivered). -
Global Trends and Malaysia's Automotive Sector
2021-3 Global Trends and Malaysia’s Automotive Sector: Ambitions vs. Reality Tham Siew Yean ISEAS - Yusof Ishak Institute Email: [email protected] March 2021 Abstract The paper seeks to examine the development of the Malaysian automotive sector in the midst of rapid global changes in technology, consumer preferences and sustainability concerns. The sector represents a case of infant industry protection which includes, among its objectives, the state’s aspiration to nurture Bumiputera entrepreneurs as national champions for the sector. Despite close to three decades of protection, the two national car projects continue to depend on foreign partners for technology support. The National Automotive Policies (NAPs) strive to push the sector towards the technology frontier with foreign and domestic investments while seeking to be a regional hub and grooming national Bumiputera champions. The inherent conflicts in these objectives create disincentives for investments while the domestic market is held captive to the national car producers. Although policies continue to espouse grand visions, the reality is that Malaysia’s car makers continue to be inward-looking and exporting remains insignificant. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- JEL Classification: O14, O25 Keywords: Automotive Sector, Industrial Policy Global Trends and Malaysia’s Automotive Sector: Ambitions vs. Reality Tham Siew Yean 1. Introduction The use of state intervention for development has been espoused in theory and practice in many countries. The World Bank (1993) study on the East Asian miracle economies is often attributed to illustrate the success of state intervention in industrial policy. However, the study itself cautions that the use of industrial policy needs to be supported with good fundamental policies, evaluation and monitoring of the support given. -
News Release
Perusahaan Otomobil Nasional Sdn Bhd (100995-U) Persiaran Kuala Selangor, Seksyen 26, 40400 Shah Alam Selangor Darul Ehsan, Malaysia. T (+603) 5102 6000 F (+603) 5191 9120 News Release PROTON X70 AWARDED EXCEPTIONAL SCORES BY ASEAN NCAP - SUV awarded 5-star rating for occupant protection - Official public debut at KL International Motor Show Subang Jaya, 16 November 2018 – The Proton X70, the first SUV from PROTON, has successfully achieved a 5-star rating after being tested by the New Car Assessment Program for Southeast Asian Countries (ASEAN NCAP). Details for the latest round of ASEAN NCAP tests have been released, showing the newest Proton model sits near the top of its segment for occupant safety. Designed and manufactured to optimise occupant safety With a proven track record for manufacturing cars that obtain a 5-star ASEAN NCAP rating to defend – the Proton Iriz, Proton Persona, Proton Preve and Proton Suprima S are all 5-star rated, PROTON’s engineers and designers paid close attention to every detail to ensure the Proton X70 would obtain a high score based on the latest 2017-2020 testing protocol. Under the new protocol, safety assist technology is now taken into consideration and counts for 25% of the overall score. PROTON introduced Hot Press Forming (HPF) body structures, used to form the passenger cell of its cars, in 2012 and the same technology is one of the reasons why the Proton X70 is able to provide a high level of protection to its occupants. The HPF cell is supplemented with six airbags for all variants, ISOFIX child seat mounting points as well as seat belts with pretensioners and load limiters. -
Journal of Advanced Vehicle System 3, Issue 1 (2016) 1-13
Journal of Advanced Vehicle System 3, Issue 1 (2016) 1-13 Penerbit Journal of Advanced Vehicle System Akademia Baru Journal homepage: www.akademiabaru.com/aravs.html ISSN: 2550-2212 Open Towards safer cars in Malaysia Access Z. Mohd Jawi 1, ∗, K.A. Abu Kassim 2, M.H. Md Isa 1,2, A. Hamzah 1, Y. Ghani 1 1 Vehicle Safety & Biomechanics Research Centre, Malaysian Institute of Road Safety Research, 43000 Kajang Selangor, Malaysia 2 ASEAN NCAP Operational Unit, Malaysian Institute of Road Safety Research, 43000 Kajang Selangor, Malaysia ARTICLE INFO ABSTRACT Article history: This article discusses the framework of safer cars in Malaysia based on the Vehicle Type Received 10 October 2016 Approval (VTA) and New Car Assessment Program (NCAP). The new era of automobile Received in revised form 16 November 2016 safety is presumably come at the right time for Malaysia after the two important Accepted 25 November 2016 milestones i.e. local assembly initiative in 1960’s and the national car project in 1980’s. Available online 5 December 2016 The maturity of VTA exercise in Malaysia and the inception of ASEAN NCAP are contributing to direct and indirect pressure to car manufacturers to progressively produce safer cars. Since car pricing is driven by market competitiveness and not affected by safety upgrades, the consumers eventually would enjoy more values for their money through safer cars. In terms of car safety, the automotive ecosystem in Malaysia could as well explain the impact of NCAP in other ASEAN countries’ automotive layout. It is expected that there will be growing demand for safer vehicles and also positive response from OEMs in Malaysia and the region. -
Investigation of Ergonomics Design of Car Boot for Proton Saga (BLM) and Perodua (Myvi)
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395 -0056 Volume: 03 Issue: 08 | Aug-2016 www.irjet.net p-ISSN: 2395-0072 Investigation of Ergonomics Design of Car Boot for Proton Saga (BLM) and Perodua (Myvi) KA Shamsuddin1, SF Hannan2, TAA Razak3, KS Shafee4 1 Lecturer, Mechanical Section, Universiti Kuala Lumpur (UniKL), Malaysian Spanish Institute (MSI), Malaysia 2 Lecturer, Mechanical Section, Universiti Kuala Lumpur (UniKL), Malaysian Spanish Institute (MSI), Malaysia 3 Lecturer, Mechanical Section, Universiti Kuala Lumpur (UniKL), Malaysian Spanish Institute (MSI), Malaysia 4 Lecturer, Mechanical Section, Universiti Kuala Lumpur (UniKL), Malaysian Spanish Institute (MSI), Malaysia ---------------------------------------------------------------------***--------------------------------------------------------------------- Abstract – Ergonomics is as study of human posture. It Ergonomics is new principles, methods and data drawn concentrated on how to achieve mental and physical from a multi sources to develop engineering system in which human play a significant role. In performing an comfort. This is a new principles, methods and data drawn ergonomics studies, human variability is used as a design from a multi sources to develop engineering system in which parameter. The term success in ergonomics is measured human play a significant role. In performing ergonomics by improved productivity, efficiency, safety, acceptance of study, human variability is used as a design parameter. The the resultant system design and improved quality of term success in ergonomics is measured by improved human life (Kroemer & Kroemer-Albert 2001). The productivity, efficiency, safety, acceptance of the resultant importance of the relationship between humans and tools as it was realized in early development of the product system design and improved quality of human life. -
Release Notes for Mrc Database Version T2.0 (Tts Real Times) April / May 2018
RELEASE NOTES FOR MRC DATABASE VERSION T2.0 (TTS REAL TIMES) APRIL / MAY 2018 1.0 NEW TTS PROJECT CODE IN DETAIL: New TTS projects have been carried out to replace previously used Thatcham Composite Time (Generic) to new TTS Real Time (Actual/Similar vehicle). The vehicle make and model details are as follow: TPS Previous New TTS Engine No Project Make Model Derivatives TTS Project Project Size Code Code Code 1 PR220 PROTON SAGA 2016 ON PREMIUM AUTO 94HP 1.3 TC022 PR220 2 PR219 PROTON SAGA 2016 ON EXECUTIVE AUTO 94HP 1.3 TC022 PR220 3 PR218 PROTON SAGA 2016 ON STANDARD AUTO 94HP 1.3 TC022 PR220 4 PR221 PROTON SAGA 2016 ON STANDARD MANUAL 94HP 1.3 TC022 PR220 5 PR203 PROTON SUPRIMA S 2013 ON STANDARD AUTO 140PS 1.6 TC022 PR186 6 PR186 PROTON SUPRIMA S 2013 ON PREMIUM AUTO 140PS 1.6 TC022 PR186 7 PR165 PROTON SUPRIMA S 2013 ON EXECUTIVE AUTO 140PS 1.6 TC022 PR186 8 PR121 PROTON SAVVY 2007 ON LITE MANUAL 74PS 1.2 TC018 PR118 9 PR120 PROTON SAVVY 2007 ON LITE AUTO 74PS 1.2 TC018 PR118 10 PR119 PROTON SAVVY 2007 ON MANUAL 74PS 1.2 TC018 PR118 11 PR118 PROTON SAVVY 2007 ON AUTO 74PS 1.2 TC018 PR118 12 PR208 PROTON EXORA 2015 ON SP (CFE) AUTO 140PS 1.6 TC032 PR175 13 PR207 PROTON EXORA 2015 ON BOLD PREMIUM AUTO 14PS 1.6 TC032 PR175 14 PR206 PROTON EXORA 2015 ON BOLD EXECUTIVE (CFE) 1.6 TC032 PR175 AUTO 140PS 15 PR205 PROTON EXORA 2015 ON STANDARD (CPS) MANUAL 1.6 TC032 PR175 127PS 16 PR204 PROTON EXORA 2015 ON STANDARD (CPS) AUTO 1.6 TC032 PR175 127PS 17 PR182 PROTON EXORA 2013 ON BOLD STANDARD (CFE) 1.6 TC032 PR175 AUTO 140PS 18 PR176 PROTON -
Automotive-191003-4Q19 Strategy
Sector Update 03 October 2019 Automotive NEUTRAL National Marques Racing Ahead ↔ By Wan Mustaqim Bin Wan Ab Aziz l [email protected] We maintain our NEUTRAL rating on the AUTOMOTIVE sector. The MIER consumer sentiment inde x scored 93.0 pts (+7.4pts QoQ, -39.9pts YoY) in 2Q19 which is below the optimistic threshold (>100pts) due to muted growth post the zero-rated tax holiday. Reflecting this, we are seeing car sales trending in favour of value-for-money national marques. Non-national marques on the other hand, are focusing on higher-margin lower-volume models (catering to higher-purchasing power consumers). Notable developments in Automotive industry in 2019 include: (i) National Marques surpassing Non-National marques’ market share, (ii) Proton is expected to surpass Honda as no.2 trailing behind Perodua in total industry market share TIV powered by the all-new Proton X70, and supported by all-new and face-lifted models, (iii) increasing number of new model launches, and (iv) introduction of the third national car under National Automotive Policy 2019 by year-end. No changes to our 2019 TIV target of 600,000 units matching MAA’s target factoring the extra boost from national marques (Proton and Perodua). Our sector top-pick is BAUTO (OP; TP: RM2.75) which offers a steady dividend yield of 7.2%. National marques affirming leading market position . As of 8M19, the national marques (56%) continued to stay above non-national marques (44%) in terms of market share, marking a year not seen since 2013, attributed to the outstanding sales from Perodua, especially after the introduction of its all-new Perodua Myvi and supported by the all-new Perodua Aruz (25k bookings, 20.3k delivered). -
PROCLAMATION of SALE MOTOR VEHICLES for Sale by Public Auction on Monday 4Th November 2019 @ 2.30 P.M Venue : Unit Nos
PROCLAMATION OF SALE MOTOR VEHICLES For Sale By Public Auction On Monday 4th November 2019 @ 2.30 p.m Venue : Unit Nos. B-0-6 & B-0-7, Ground Floor, Block B Megan Avenue II, No 12, Jln Yap Kwan Seng, Kuala Lumpur www.ngchanmau.com/auto "Prospect bidders may submit bids for the Auto e-Bidding via www.ngchanmau.com/auto. *Please register at least one (1) working day before auction day for registration & verification purposes". To get a digital copy of auction listings by Car Make / Model, please SMS or Whatsapp to 012-5310600. LEGAL OWNER : PUBLIC BANK BERHAD (6463-H) / PUBLIC ISLAMIC BANK BERHAD (14328-V) REGISTRATION YEAR OF KEY RESERVE PRICE LOT NO MAKE & MODEL REMARKS NO MAKE (YES / NO) (RM) STORE YARD : INTER PACIFIC AUTO AUCTION SDN. BHD. PANDAN SAFARI SHOPPING COMPLEX, CAR PARK (LEVEL 3) , NO. 1, JALAN PERDANA 6/10A, PANDAN PERDANA, 55300 KUALA LUMPUR (TELEPHONE NO : 03-9274 7612 / 9274 7613) VIEWING DATES: 31st October 2019, 1st & 2nd November 2019 (10.00AM - 3.00PM) & 4th November 2019 (10.00AM - 12.00PM) P101 PMN7720 NISSAN ALMERA 1.5 2016 YES 20,000 P102 WB8814L TOYOTA CAMRY 2.5 HYBRID 2015 NO 72,000 Unable to determine engine P103 BMU1800 MAZDA 6 2.0 2014/15 NO 53,000 number. Unable to determine engine P104 WA3299T FORD FIESTA SPORT 1.0 2014 NO 25,000 number. P105 PLF8070 HONDA ACCORD 2.4 2011/12 NO 26,000 P106 VBB8871 NISSAN TEANA 200 2017 NO 55,000 P107 CBU6650 NAZA CITRA 2.0 2006 NO 2,500 P108 WYG7208 PEUGEOT 208 1.6 2013 YES Engine number differ. -
News Release
Perusahaan Otomobil Nasional Sdn Bhd (100995-U) Persiaran Kuala Selangor, Seksyen 26, 40400 Shah Alam Selangor Darul Ehsan, Malaysia. T (+603) 5102 6000 F (+603) 5191 9120 News Release PROTON WINS AT CARS OF MALAYSIA AWARDS - Proton Saga, Iriz and Ertiga recognised as best in class cars Subang Jaya, 13 June 2018 – PROTON achieved a sparkling performance at the first ever Cars of Malaysia Awards when three of its models, the Proton Saga, Iriz and Ertiga were acknowledged for being among the three best cars in their respective categories. Proton Saga – The evergreen Malaysian favourite The first winner for the Company was the Proton Saga, the evergreen model that remains a popular choice amongst first time car buyers. Its combination of spaciousness, stable handling and simply affordable pricing won praises from the judges and contributed to the Saga being one of the three best cars in the City Cars of Malaysia category. Proton Iriz – Small in size, big on features The fun in size and big on safety Proton Iriz was also awarded recognition in the Compact Hatchback category. A multiple award winner since it was launched in 2014, the Iriz scored highly for its safety features (HPF body structure, 6 airbags, ESC, 5 Star ASEAN NCAP), technology (ECO drive assist, voice recognition head unit) and best in class drivability (refined handling and 1.6L VVT engine). By combining those strengths with affordable ownership costs the Iriz was rewarded despite stiff competition from local and foreign rivals. Proton Ertiga – The economical MPV with lots of extras PROTON’s final winner was the Proton Ertiga, which competed in the Compact MPV category. -
Selamat Datang
BRIEFING TO UK TRADE MISSION 26 MARCH 2014 KUALA LUMPUR 1 CONTENTS 1. Profile of MAA 2. Overview of the Malaysian automotive industry 3. Market situation: Production & Sales Malaysia and ASEAN 4. Automotive Policy & its evolution National Automotive Policy 2014 5. Malaysia: tariff of motor vehicles 6. Free Trade Agreements signed 7. Safety & Environmental issues CONTENTS 1. Profile of MAA PROFILE OF MAA BACKGROUND: Established in November 1960 as Federation of Malayan Motor Traders (FMMT). Malaysian Automotive Association (MAA) formed in January 2000 following the merger of Malaysian Motor Traders Association and Malaysian Motor Vehicle Assemblers Association. PROFILE OF MAA (CONT….) MISSION STATEMENT: To be the leading and professional organisation for all stakeholders on matters relating to the Malaysian automotive industry. OBJECTIVES: i. Encourage, promote and protect the interests of the automotive industry of Malaysia. ii. Be wary of proposed legislation or other measures affecting the automotive industry. iii. Disseminate information to Members iv. Promote consultation and co-operation among members. ORGANISATION STRUCTURE President Management Council Secretary General Administrative Technical Executive Executive Administrative Clerk/Dispatch Assistant MEMBERSHIP . Ordinary Members 49 - Franchise holders with local assembly interests - Full fledged local assembly plants - Franchise holders with full fledged downstream activities . Associate Members 4 - Sole distributors with full fledged downstream activities . Subscribers 182 - Companies subscribing to monthly statistics Total 235 CONTENTS 2. Overview of the Malaysian automotive industry OVERVIEW OF THE MALAYSIAN AUTOMOTIVE INDUSTRY . 18 licensed motor vehicle assembly plants and manufacturers in operation. 1 Note : Excluding two-wheelers plants. Total production capacity: 800,000 units.2 . 550 component parts manufacturers . Total employment: around 550,000 workers.3 . -
Operations Review
Operations Review PROTON’s MPV, the Exora, goes into production. PROTON 2009 ANNUAL REPORT 81 Operations Review The Group also anticipates strong local demand for the Persona and Saga, while export volume is expected to increase especially for the Exora with plans already in place to introduce this vehicle to the ASEAN market in the second half of 2009. Furthermore, with the expansion of the Overseas Manufacturing Plants in China and Iran, the export business on completely–knocked–down (CKD) vehicles is expected to increase as well. New robots and more sophisticated handling equipment were installed successfully with minimal line disruptions. Previous PROTON production systems and Total Productive Maintenance (TPM) activities have already resulted in the main plant having one of the lowest downtimes in history and similar activities were implemented successfully in the Casting and Engine Transmission Department. Much effort was taken to maintain this. An increasing number of model lines or equipment was established through ‘yokoten’, a Japanese term which essentially means duplicating. The next stage in these intensive improvement activities will be the implementation of ‘Kobetsu Kaizen’ (which means ‘Focus Improvement’) and the usage of Overall Equipment Efficiency (OEE) as the de facto parameter to measure equipment efficiency. In view of PROTON’s commitment to improvement, the Manufacturing Division has started implementing the world-renowned practice of ‘Genba Kanri’, another Japanese term this time referring to ‘Shopfloor Control’. This is to reflect how the division is continuously improving itself by benchmarking PROTON against world-class industry players. We shall aim to reach level 4 (which means sustainable world-class level in shop control) in ‘Genba Kanri’ by the year 2011. -
News Release
Perusahaan Otomobil Nasional Sdn Bhd (100995-U) Persiaran Kuala Selangor, Seksyen 26, 40400 Shah Alam Selangor Darul Ehsan, Malaysia. T (+603) 5102 6000 F (+603) 5191 9120 News Release PROTON LAUNCHES SAGA ANNIVERSARY EDITION Special model featuring bespoke colour, limited to 1,100 units Subang Jaya, 9 July 2020 – PROTON today commemorated the 35th anniversary of the Proton Saga in the company’s first ever virtual launch over social media with the Saga Anniversary Edition marking the 4,150,035th car to roll off the line. Over the past 35 years, PROTON has been a catalyst of industrialisation for the national economy, spurring the development of an entire automotive ecosystem making Malaysia one of the few countries in the world to produce its own vehicles. “The Proton Saga is the car that put Malaysia, and therefore our economy on wheels and, it is still doing so” shared PROTON Chairman, Dato’ Sri Syed Faisal Albar. An exclusive birthday gift Unveiled as part of the celebrations, the Saga Anniversary Edition commemorates and celebrates the first Proton Saga delivered in 1985. Limited to 1,100 units only, and available exclusively in black with yellow highlights on both the exterior and interior of the car, the Saga Anniversary Edition is priced, RM39,300, the same as the current Saga Premium AT after the zero sales tax rebate. Also unveiled during the launch was the 35th Anniversary Accessories package which includes Front Skirting, Side Skirtings, Door Visors, Hood Insulator, Trunk Lid Cover and Boot Tray priced at RM2,035. Available for purchase separately and compatible with the 2019 Saga model, the anniversary package offers significant cost savings of RM315 as purchasing the parts individually totals RM2,350.