Malaysia's Auto Sector Seen Supported by Faster EV Adoption

Dow Jones

Jul 10

0235 GMT - Malaysia's auto sector is expected to be supported by a speedier pace of electric vehicles adoption in 2H, led by Proton's eMas models, says Daniel Wong at Hong Leong IB in a note. National carmakers, especially Proton and Perodua, are expected to benefit from Budget 2026 incentives and tighter rules on imported EVs, the analyst says. The ringgit is expected to strengthen versus the U.S. dollar toward the end of 2026, lowering import and component costs and supporting margins for local automakers, he adds. Hong Leong maintains an overweight rating on Malaysia's automotive sector given its resilient earnings and attractive dividend yields, and pegs MBM Resources and Sime Darby as top picks. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

July 09, 2026 22:35 ET (02:35 GMT)

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National carmakers, especially Proton and Perodua, are expected to benefit from Budget 2026 incentives and tighter rules on imported EVs, the analyst says. The ringgit is expected to strengthen versus the U.S. dollar toward the end of 2026, lowering import and component costs and supporting margins for local automakers, he adds. <a href=\"https://laohu8.com/S/HLFBF\">Hong Leong</a> maintains an overweight rating on Malaysia's automotive sector given its resilient earnings and attractive dividend yields, and pegs MBM Resources and Sime Darby as top picks. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2026 22:35 ET (02:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Malaysia's Auto Sector Seen Supported by Faster EV Adoption</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMalaysia's Auto Sector Seen Supported by Faster EV Adoption\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-10 10:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0235 GMT - Malaysia's auto sector is expected to be supported by a speedier pace of electric vehicles adoption in 2H, led by Proton's eMas models, says Daniel Wong at <a href=\"https://laohu8.com/S/HLFAF\">Hong Leong</a> IB in a note. National carmakers, especially Proton and Perodua, are expected to benefit from Budget 2026 incentives and tighter rules on imported EVs, the analyst says. The ringgit is expected to strengthen versus the U.S. dollar toward the end of 2026, lowering import and component costs and supporting margins for local automakers, he adds. <a href=\"https://laohu8.com/S/HLFBF\">Hong Leong</a> maintains an overweight rating on Malaysia's automotive sector given its resilient earnings and attractive dividend yields, and pegs MBM Resources and Sime Darby as top picks. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2026 22:35 ET (02:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CARD","symbol_name":"MAX Auto Industry -3X Inverse Leveraged ETN","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2650906801","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650906801","pubTimestamp":1783650900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0235 GMT - Malaysia's auto sector is expected to be supported by a speedier pace of electric vehicles adoption in 2H, led by Proton's eMas models, says Daniel Wong at Hong Leong IB in a note. National carmakers, especially Proton and Perodua, are expected to benefit from Budget 2026 incentives and tighter rules on imported EVs, the analyst says. The ringgit is expected to strengthen versus the U.S. dollar toward the end of 2026, lowering import and component costs and supporting margins for local automakers, he adds. Hong Leong maintains an overweight rating on Malaysia's automotive sector given its resilient earnings and attractive dividend yields, and pegs MBM Resources and Sime Darby as top picks.  Dow Jones NewswiresJuly 09, 2026 22:35 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CARD":"MAX Auto Industry -3X Inverse Leveraged ETN"},"translate_title":"马来西亚汽车行业受到电动汽车更快普及的支撑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CARD":1.5},"content_text":"0235 GMT - Malaysia's auto sector is expected to be supported by a speedier pace of electric vehicles adoption in 2H, led by Proton's eMas models, says Daniel Wong at Hong Leong IB in a note. National carmakers, especially Proton and Perodua, are expected to benefit from Budget 2026 incentives and tighter rules on imported EVs, the analyst says. The ringgit is expected to strengthen versus the U.S. dollar toward the end of 2026, lowering import and component costs and supporting margins for local automakers, he adds. Hong Leong maintains an overweight rating on Malaysia's automotive sector given its resilient earnings and attractive dividend yields, and pegs MBM Resources and Sime Darby as top picks. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 09, 2026 22:35 ET (02:35 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}