Myvi and Viva to fuel MBM Resources growth

KUALA LUMPUR: MBM Resources Bhd expects a better performance this year on strong demand for the newly-launched Perodua Viva.

Perusahaan Otomobil Kedua Sdn Bhd's (Perodua) Myvi and Viva would be MBM's growth driver this year, managing director Looi Kok Loon said.

The new Viva attracting public attention
The optimism was based on sustained demand anticipated for Myvi and the current overwhelming response for Viva, which had attracted some 7,000 orders in less than a month of its launch.

“The group profit’s profile has 65% exposure to Perodua’s operations, including via the automotive manufacturing which supplies parts to Perodua,” he said after the company AGM yesterday.

MBM has a 23.5% stake in the second national carmaker, which sold 11% more cars last year than in 2005 despite a contracted total industry volume.

For the financial year ended Dec 31, 2006, MBM achieved RM121.9mil in pre-tax profit on RM1.13bil revenue.

On MBM's 86%-owned subsidiary Federal Auto Holdings Bhd, Looi said he expected the forthcoming launch of the Volvo S80 premium sedan to have a strong impact on the local luxury car market.

“This year, with the much-needed new model, we will be able to better position ourselves in the luxury segment.

“Volvo cars, which used to enjoy up to 20% share of the luxury car market, currently has below 10% share,” he said, adding that sales of Volvo cars had improved since the first quarter of this year.

MBM’s 71.5%-owned subsidiary Daihatsu (M) Sdn Bhd planned to introduce two new models this year. The Daihatsu light trucks dealer currently commanded 40% market share in this segment, he said.

Looi said the current exchange rate environment - the stronger ringgit against the yen and greenback - was favourable to the group. He said: “It helps us push up our margin amid the competitive market.”

On the outlook for car sales, Looi said if the market improved in next nine months, the gain would only be able to offset the shortfall in the sector during the first quarter.

For the first three months ended March 31, MBM posted a lower net profit of RM18.74mil from RM21.97mil in the previous corresponding period.

Revenue dipped 6% to RM253.41mil from RM271.3mil previously.

he Marketplace Perodua MYVI SE (A) - 07

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PERODUA Myvi + 4G93T Engine

My good friend Faizal sent some pix about this monster hybrid project. After doing some research apparently this project is in Miri, Sarawak. The original story is in this Chinese forum
http://www.ilovemiri.com/viewthread.php?tid=5628 . If you want to read the English version, you can go to ZTH forums.

With the power to weight ratio, this thing is going to fly, ha ha. With the availability of 4G93T aftermarket parts like pistons, rods and camshafts i guess we just have to wait for this monster to be modded once completed.

B16A is around the same size, isnt it?

Perodua Myvi 1.3 SE ZHS Auto

Perodua Myvi 1.3 SE ZHS Auto 2009
RM29,590
Images (Click to view bigger picture)
Perodua Myvi 1.3 SE ZHS Auto 2009 Perodua Myvi 1.3 SE ZHS Auto 2009
Description

Price:- Reg. year:2009
Mileage:0 – 4 999 Make:Perodua
Model:MyVi Transmission:Auto
Engine Capacity:1300 cc
Accessories:CD Player, Airbag driver, Airbag passenger, Sport rims, Alarm, Central lock, Adjustable steering

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Tags: Cars for Sale, Myvi, Perodua, Second Hand Cars, Used Cars