Nissan terminates JV with Tan Chong in Vietnam

14 Dec 2018 - The Star Online
KUALA LUMPUR: Nissan Motor Co Ltd has issued a notice to terminate its joint venture (JV) with Tan Chong Motor Holdings Bhd (TCMH) that imports and distributes Nissan vehicles and spare parts in Vietnam. In a filing with Bursa Malaysia today, TCMH said the notice was effective from Dec 9, 2018, while ...
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Kenanga maintains outperform on Tan Chong following better-than-expected results

28 Nov 2018 - The Star Online
KUALA LUMPUR: Kenanga research maintained its outperform rating on Tan Chong Motor Bhd with an unchanged target price of RM2.30 as 9M18 core profit after tax and minority interest of RM69mil came in above expectations due to higher sales and margin. "This marks the highest YTD and single quarter earnings ...
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CIMB Research upgrades Tan Chong to Add, higher target price

21 May 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research has upgraded Tan Chong Motor Holdings (TCM) to Add with a higher target price of RM2 from RM1.67 following the improving earnings outlook for the automotive group. It said on Monday the new target price was based on 14 times CY19F price-to-earnings (P/E), in line ...
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Tan Chong to set up RM500m auto hub in Bagan Datuk

7 May 2018 - The Star Online
KUALA LUMPUR: Tan Chong Motor Holdings Bhd plans to set up a RM500mil automotive hub on 338 acres in Bagan Datuk, Perak, which will tap into the growth regions of the North Corridor Economic Region. "More than just an automotive hub, this is a strategic business plan that demonstrates the Tan Chong Motor ...
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Tan Chong Motor making a comeback

15 Jan 2018 - The Star Online
PETALING JAYA: Tan Chong Motor Holdings Bhd , the laggard among auto stocks, is regaining investor interest on the back of a potential turnaround in earnings. The distributor of Nissan vehicles had slipped into the red in financial year 2016 (FY16) because of intense competition and a loss in market ...
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Tan Chong’s Vietnam unit gets coach deal

11 Jan 2018 - The Star Online
KUALA LUMPUR: Tan Chong Motor Holdings Bhd ’s unit TC Motor Vietnam Co Ltd (TCMV) has signed an agreement with Xiamen King Long United Automotive Industry Co Ltd to be the assembler, sole and exclusive distributor and service provider of the King Long XMQ6829Y coach model. King Long is a company incorporated ...
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Tan Chong to distribute King Long coach in Vietnam

10 Jan 2018 - The Star Online
KUALA LUMPUR: Tan Chong Motor Holdings Bhd 's unit TC Motor Vietnam Co Ltd has entered an agreement with Xiamen King Long United Automotive Industry Co Ltd to be the assembler, sole and exclusive distributor and service provider of the King Long XMQ6829Y coach model. King Long is a company incorporated ...
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RAM: Tan Chong Motor's losses to persist but recovery seen in 2018

7 Jul 2017 - The Star Online
KUALA LUMPUR: RAM Rating Services Bhd expects Tan Chong Motor Holdings Bhd’s (TCMH) losses to continue for at least another year due to the difficult operating conditions but a recovery is in sight. RAM’s head of consumer and industrial ratings Kevin Lim said on Friday he anticipate a recovery from next ...
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