MIDF upgrades Bermaz Auto stock to Buy with MYR 0.99 target

Published on 10/20/2026 at 03:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter revenue reached MYR 553.08 million, up 12.58 percent year over year. Bermaz Auto stock has a MYR 0.02 dividend due November 4, 2026.

Recovery rests on three figures

MIDF moved Bermaz Auto from Neutral to Buy with a MYR 0.99 target on October 12, 2026.
First-quarter fiscal 2027 revenue reached MYR 553.08 million, up 12.58 percent year over year.
The next dividend payment is MYR 0.02 per share on November 4, 2026.

Bermaz Auto, MYL5248OO009, Illustration mit AI erstellt.

Bermaz Auto (MYL5248OO009) generated MYR 553.08 million in revenue and MYR 40.51 million in net profit in the first quarter of fiscal 2027 ended July 31, 2026. On October 12, 2026, MIDF Amanah Investment Bank upgraded Bermaz Auto from Neutral to Buy and set a MYR 0.99 price target, according to MarketScreener.

Revenue improves in first quarter

The first-quarter revenue figure was 12.58 percent higher than the MYR 491.30 million reported for the comparable period, while net profit was 13.11 percent below the MYR 46.62 million recorded in the preceding quarter. The reporting period and results are listed on the Bermaz Auto investor-relations page.

The earnings mix gives the upgrade a mixed starting point. Revenue increased, but the sequential profit comparison puts operating execution and vehicle margins ahead of sales growth for the next reporting cycle.

Three dates shape the recovery

On September 10, 2026, Bermaz Auto reported first-quarter fiscal 2027 revenue of MYR 553.08 million and net profit of MYR 40.51 million through its investor-relations page. On October 8, 2026, the company began an equity buyback plan authorized at its October 7 annual meeting, with treasury holdings capped at 10 percent of issued shares, as MarketScreener reported. On October 12, 2026, MIDF moved its rating from Neutral to Buy and set the MYR 0.99 target, according to MarketScreener.

What does the upgrade change?

The MYR 0.99 target lies 10.00 percent above the MYR 0.90 last price on Bursa Malaysia dated October 20, 2026. MIDF's target therefore adds a concrete valuation reference, while the 1QFY2027 profit decline keeps the earnings recovery dependent on stronger margins rather than revenue alone.

Dividend date sets the next marker

Bermaz Auto's MYR 0.02 interim dividend went ex-dividend on October 19, 2026, with payment scheduled for November 4, 2026, according to MarketScreener. The distribution adds an income element to the recovery case, but the next quarterly figures will show whether sales momentum reaches the bottom line.

Stock stays tied to earnings

On Bursa Malaysia, Bermaz Auto was last at MYR 0.90 on October 20, 2026 at 9:00 a.m. MYT. The company distributes Mazda, Kia and Peugeot vehicles and provides automotive after-sales services in Malaysia and the Philippines.