Institution: Malaysia's second quarter car sales may weaken.

Analysts Jacquelyn Yow and Prem Jearajasingam from China Galaxy International stated in a report that with the uncertainty of fuel prices rising, Malaysia's car sales are expected to be relatively weak in April and May, which may prompt consumers to delay their car purchases until the second half of the year. It is anticipated that demand will recover in the second half of the year, provided that the Middle East conflict eases from late April to mid-May, and improvements are made in the automotive industry's supply chain. However, the pressure of living costs remains a disadvantage. They mentioned that the continuously rising fuel costs may also support the demand for electric cars and encourage consumers to switch to more affordable and fuel-efficient cars, which will benefit brands like Perodua. China Galaxy International maintained a neutral rating on the Malaysian automotive industry and listed Sime Darby as their top pick.