RHB Research, which has maintained a "neutral" call on the counter with an unchanged target price of RM5.55, said its earnings forecast for this year (FY25) has been maintained because MBMR's 1Q25 results were in line with expectations. "While we are forecasting for softer vehicle sales and earnings in FY25, we believe investors should continue to hold on to the stock for its attractive FY25 to FY26 yields of around 9%," the research house said. MIDF Research, which maintained a "neutral" call on the stock and revised the target price to RM5.75 from RM5.87, said it expects full-year Perodua sales to decline by 3.7% as the marque undergoes planned production upgrades while the company's premium Volvo and Volkswagen offerings would be facing stiffer competition. CIMB Research maintained a "hold" call on the stock with an unchanged target price of RM5.80 as it projects Perodua sales of 350,000 units against MBMR's 345,000 sales target. "Strong demand for Perodua's key models is expected to support sales volumes.