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Even though the market is still quite competitive and consumers are spending more carefully these days, the automotive aftermarket industry can still do well because vehicles need regular maintenance, and not to mention the number of vehicles on the road continues to grow
MSB currently serves more than 800 active customers and offers a wide range of products, including over 2,500 automotive parts and components, as well as more than 200 types of automotive lubricants and fluids. I believe the upcoming Q1 results will be outstanding
Management indicates that the market share of electric vehicles is continuously increasing, and the structure of the automotive industry is gradually changing. Therefore, MSB needs to proactively plan for new growth engines in the future
MSB has a strong sales and distribution network covering all parts of Malaysia, from the west to the east. Third quarter performance will definitely improve and turn green
PIBB sees a possible sideways breakout for MSB. If the immediate resistance at RM0.16 is broken with fresh buying interest, the price could climb further towards the next resistance at RM0.17
