Malaysian financial advisors have lowered their sales forecasts for the year, citing slowing growth and rising interest rates in the industry. Mayban Securities Sdn Bhd predicts Malaysian vehicle sales will reach about 495,000 units this year, 25,000 lower than the Malaysian Automotive Assn.’s forecast of 520,000 deliveries. Mayban Securities says it is maintaining a neutral outlook but expects sales to pick up through December, ahead of the Christmas and Chinese New Year holidays. ...
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