
200 golfers tee off for Mazda Trophy 2025
SHAH ALAM: A total of 200 players teed off at Glenmarie Golf & Country Club (GGCC) for the Mazda Trophy 2025, an annual tournament hosted by Bermaz Motor Trading Sdn Bhd.
Divided into Members and Invitational categories, the event reflects Mazda's commitment to offering a premium and exhilarating golfing experience on championship-level courses such as GGCC.
Mohd Azmie Lahad (handicap 24) emerged as the overall champion in the invitational category with a score of 59 points. Nur Ain Qistina (73 points, handicap 3) finished second, while Mohd Rozi Jidin (77 points, handicap 5) came in third.
In the club members category, Ricky Yim Chun Pong (62 points, handicap 19) claimed the top spot, followed by Takuya Osaki (62 points, handicap 3) in second, and Johnson Jee Chau Hau (78 points, handicap 5) in third.
Winners from each category took home AEON vouchers worth RM1,000 and a trophy, while second- and third-placed winners received RM600 and RM400 in vouchers respectively.
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New Straits Times
a day ago
- New Straits Times
200 golfers tee off for Mazda Trophy 2025
SHAH ALAM: A total of 200 players teed off at Glenmarie Golf & Country Club (GGCC) for the Mazda Trophy 2025, an annual tournament hosted by Bermaz Motor Trading Sdn Bhd. Divided into Members and Invitational categories, the event reflects Mazda's commitment to offering a premium and exhilarating golfing experience on championship-level courses such as GGCC. Mohd Azmie Lahad (handicap 24) emerged as the overall champion in the invitational category with a score of 59 points. Nur Ain Qistina (73 points, handicap 3) finished second, while Mohd Rozi Jidin (77 points, handicap 5) came in third. In the club members category, Ricky Yim Chun Pong (62 points, handicap 19) claimed the top spot, followed by Takuya Osaki (62 points, handicap 3) in second, and Johnson Jee Chau Hau (78 points, handicap 5) in third. Winners from each category took home AEON vouchers worth RM1,000 and a trophy, while second- and third-placed winners received RM600 and RM400 in vouchers respectively.


The Star
19-06-2025
- The Star
Softer Mazda sales weigh on Bermaz Auto
PETALING JAYA: The softening of Mazda sales amid stiff competition from the influx of Chinese marques is likely to weigh on the earnings of Bermaz Auto Bhd (BAuto) for its financial year 2026 ending April 30 (FY26). In a report, CGSI International Research (CGSI Research) said the aggressive expansion of Chinese automotive brands in Malaysia with their competitive pricing and technologically advanced models could erode Mazda's market share, further pressuring BAuto's margins 'Additionally, if macroeconomic conditions weaken, leading to reduced consumer purchasing power, spending on vehicles could decline. This would negatively affect BAuto's sales volume across all its brands and reduce earnings visibility,' the research house noted. For its fourth quarter ended April 30, 2025, the car distributor's core net profit fell 6% year-on-year (y-o-y) and 20% quarter-on-quarter to RM21.5mil due to weaker contributions from its associates. 'FY25 core net profit slumped 55% y-o-y to RM159mil, which is below 85% of our full-year estimate and 95% of Bloomberg consensus,' CGSI Research said. CGSI Research said it is downgrading BAuto's call from 'add' to 'hold' with a lower price-to-earnings-based target price of 84 sen. It also said it cut its forecast FY26 and FY27 earnings per share by 33% and 20%, respectively, to factor in the lower Mazda sales, lower earnings before interests and taxes due to the competitive environment as well as weaker earnings from the sales of spare parts. 'We revise our valuation methodology from the Gordon Growth Model to a price-to-earnings-based approach to better reflect evolving sector dynamics and investor preferences. 'Given structural shifts in the automotive industry, including margin pressure and changing consumer preference, we believe that a price-earnings framework offers a more relevant benchmark,' the research house said. However, on a brighter note, CGSI Research said it expects the lower forecasts for BAuto's earnings to be partially cushioned by its launch lineup, which includes the Mazda CX-60, CX-80, and three Deepal electric vehicles in the third quarter of this year, alongside its XPeng's G6 and X9 models that might provide a higher margin. 'We think there is potential for XPeng's contributions to grow considering that it only formed 13% of BAuto's Malaysia sales volume in over the last year,' it said. CGSI Research noted that BAuto's net cash position was RM244.7mil as of Apr 30. The research house added that there were both positives and negatives for the car distributor. It said upside included the easing of competition in the automotive sector and improving Mazda sales in Malaysia, while downside risks consisted of greater competition from Chinese brands in Malaysia, and a decline in consumer spending power. BAuto closed at 78 sen in yesterday's trading, giving it a market capitalisation of RM902.96mil.


Free Malaysia Today
13-06-2025
- Free Malaysia Today
Bermaz Auto stung by Chinese cars, skids to 5-year low
Bermaz Auto's Q4 FY2025 net profit crashed 76.5% to RM21.2 million from RM90.2 million a year ago. (Bernama pic) PETALING JAYA : Bermaz Auto Bhd's shares tumbled to its lowest in nearly five years after its net profit for the fourth quarter ended April 30 (Q4 FY2025) crashed 76.5% to RM21.2 million from RM90.2 million a year ago. This was its lowest quarterly profit in three years as revenue dropped 43.6% to RM528.7 million from RM937.5 million. For the full year, net profit fell 55% to RM155.9 million from RM345.6 million, as revenue dropped nearly 30% to RM2.62 billion from RM3.9 billion. Bermaz, which mainly assembles Mazda and Kia vehicles, attributed the steep drop in profit largely to China-made vehicles flooding into the local market. 'The continuous influx of Chinese vehicles had also impacted the sales of other marques in the country,' it said in a bourse filing yesterday. The automotive company's poor results disappointed investors and analysts alike, leading to a plunge in its share price today. The stock fell as much as 11.3% or 11 sen to 82 sen, its lowest level since late 2020. At this price, the company has a market capitalisation of RM962 million. Since the end of 2024, Bermaz has been on a downtrend as rising popularity of Chinese car brands among Malaysians has eroded sales of its Japanese-made Mazda and Korean-made Kia vehicles. Year to date, its shares have slumped 48%, wiping out half of the company's value. Hong Leong Investment Bank downgraded the stock to 'sell', stating competition in Malaysia and the Philippines is expected to intensify with the influx of Chinese manufacturers 'offering feature-rich models at competitive prices'. Bermaz has sought to mitigate the impact of Chinese brands in the domestic market by offering Chinese marques, having secured the distribution rights to Xpeng and Deepal cars, which are mainly electric vehicles. In a note, Apex Securities said sales of XPeng vehicles, while appearing promising, have yet to contribute significantly to offset the slide in Mazda and Kia sales. The research house downgraded Bermaz to 'hold' from 'buy', highlighting the 'intense competition' in the industry and weaker sales across key locally assembled models. The outlook remains murky with Bermaz anticipating its performance to be challenging for the financial year ending April 30, 2026, its filing said. Total vehicle sales in Malaysia for the first four months dropped 5.4% to 248,730 units from 263,050 units in the same period last year, according to Malaysian Automotive Association data.