{"id":329096,"date":"2024-08-20T23:24:28","date_gmt":"2024-08-20T15:24:28","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329096"},"modified":"2024-08-20T23:24:30","modified_gmt":"2024-08-20T15:24:30","slug":"trade-the-newstoyota-philippines-increases-market-share","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-newstoyota-philippines-increases-market-share\/","title":{"rendered":"Trade the News: GTCAP’s Toyota Philippines increases market share to 45.9%"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>GT Capital Holdings<\/td><\/tr>
Stock Code<\/strong><\/td>GTCAP<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 881.89<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Toyota Motor Philippines (TMP), the country\u2019s biggest carmaker, is counting on continued strong sales and zero tariffs on hybrid vehicles and parts to boost growth in the second half of the year. It recently increased its industry-leading market share from 45.2 percent to 45.9 percent in the same period.<\/p>\n\n\n\n

TMP, part of the Ty family conglomerate GT Capital Holdings, recorded sales of P106.4 billion during the first half of the year, an increase of 4.5 percent of wholesale volume and 11.5 percent for retail, outpacing the industry\u2019s 9.9 percent.<\/p>\n\n\n\n

Management\u2019s view<\/strong><\/p>\n\n\n\n

\u201cWe look forward to more positive developments in the remaining months of the year, as the automotive market continues to expand, particularly with the growing acceptance of electrified vehicles,\u201d TMP president Masando Hashimoto said in a statement.<\/p>\n\n\n\n

\u201cFurthermore, TMP\u2019s line-up of hybrid electric vehicles directly benefits from recent tariff related measures approved by the government over the past few months. These initiatives, along with the resilient economic landscape and the steady rise of middle income households in the country, are seen to support TMP\u2019s performance for the rest of the year,\u201d he added.<\/p>\n\n\n\n

Sales surged thanks to popular models like the Vios and Wigo, along with new releases like the Zenix, Yaris Cross, and Lexus RX.<\/p>\n\n\n\n

Margins under pressure<\/strong><\/p>\n\n\n\n

Despite strong sales, TMP\u2019s gross profit margin dipped to 14.1 percent due to peso depreciation and supply issues, with operating profit margin also falling to 8.8 percent.<\/p>\n\n\n\n

Net income dropped by 6.1 percent to P7.5 billion, mainly due to last year\u2019s one-time government incentives and unfavorable exchange rates.<\/p>\n\n\n\n

As of June 30, 2024, TMP owns six dealerships, including Toyota Makati and Lexus Manila in Taguig.<\/p>\n\n\n\n

(News Source: InsiderPH<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329096","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329096"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329096\/revisions"}],"predecessor-version":[{"id":329098,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329096\/revisions\/329098"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}