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KLSE: TCHONG       TAN CHONG MOTOR HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
1.59 2.00     +0.41 (25.79%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
16/05/2019 1.60 2.15 +0.55 (34.38%) BUY Rakuten Price Target News
16/05/2019 1.60 1.65 +0.05 (3.13%) HOLD MIDF Price Target News
16/05/2019 1.60 2.18 +0.58 (36.25%) BUY AmInvest Price Target News
15/05/2019 1.63 1.65 +0.02 (1.23%) HOLD MIDF Price Target News
15/05/2019 1.60 2.15 +0.55 (34.38%) BUY KENANGA Price Target News
15/05/2019 1.63 1.70 +0.07 (4.29%) HOLD HLG Price Target News
15/05/2019 1.63 2.47 +0.84 (51.53%) BUY AmInvest Price Target News
27/02/2019 1.72 2.15 +0.43 (25.00%) BUY KENANGA Price Target News
27/02/2019 1.72 1.77 +0.05 (2.91%) HOLD HLG Price Target News
27/02/2019 1.72 2.34 +0.62 (36.05%) BUY AmInvest Price Target News
26/02/2019 1.64 1.80 +0.16 (9.76%) BUY MIDF Price Target News
26/02/2019 1.64 2.15 +0.51 (31.10%) BUY KENANGA Price Target News
26/02/2019 1.64 1.76 +0.12 (7.32%) BUY JF APEX Price Target News
26/02/2019 1.64 1.57 -0.07 (4.27%) HOLD HLG Price Target News
26/02/2019 1.64 2.34 +0.70 (42.68%) BUY AmInvest Price Target News
18/12/2018 1.39 2.10 +0.71 (51.08%) BUY MIDF Price Target News
18/12/2018 1.40 1.57 +0.17 (12.14%) HOLD HLG Price Target News
17/12/2018 1.45 1.68 +0.23 (15.86%) BUY JF APEX Price Target News
17/12/2018 1.45 1.57 +0.12 (8.28%) HOLD HLG Price Target News
29/11/2018 1.53 2.19 +0.66 (43.14%) BUY HLG Price Target News
29/11/2018 1.53 2.10 +0.57 (37.25%) BUY AmInvest Price Target News
28/11/2018 1.53 2.10 +0.57 (37.25%) BUY MIDF Price Target News
28/11/2018 1.53 2.30 +0.77 (50.33%) BUY KENANGA Price Target News
28/11/2018 1.53 2.07 +0.54 (35.29%) BUY JF APEX Price Target News
28/11/2018 1.53 2.19 +0.66 (43.14%) BUY HLG Price Target News
28/11/2018 1.53 2.10 +0.57 (37.25%) BUY AmInvest Price Target News


Price Target Research Article/News (past 6 months)
16/05/2019  Rakuten Tan Chong Motor - Looking good
16/05/2019  MIDF Tan Chong Motor - Shifting Down a Gear
16/05/2019  AmInvest Tan Chong Motor - New launches with gradual paring down of inventory
15/05/2019  MIDF Tan Chong Motor - Weak RM May Dampen Earnings Recovery
15/05/2019  KENANGA Tan Chong Motor - 1Q19 Within Expectations
15/05/2019  HLG Tan Chong Motor Holdings - Weakened FY19
15/05/2019  AmInvest Tan Chong Motor - FY19 gets off to a slow start
27/02/2019  KENANGA Tan Chong Motor - Revving Up High Margin Variants
27/02/2019  HLG Tan Chong Motor Holdings - Making Progress
27/02/2019  AmInvest Tan Chong Motor - A successful comeback
26/02/2019  MIDF Tan Chong Motor - Turbocharged Turnaround
26/02/2019  KENANGA Tan Chong Motor - FY18 Above Expectations
26/02/2019  JF APEX Tan Chong Motor Holdings - 4Q18: Robust Results
26/02/2019  HLG Tan Chong Motor Holdings - Boosted by Improved Margin
26/02/2019  AmInvest Tan Chong Motor - Exceptional 4Q from soaring margins
18/12/2018  MIDF Tan Chong Motor - Anything Between the Lines
18/12/2018  HLG Tan Chong Motor Holdings - Vietnam Scenario Unfolds
17/12/2018  JF APEX Tan Chong Motor Holdings - Nissan Distributorship in Vietnam Comes to An End
17/12/2018  HLG Tan Chong Motor Holdings - Termination of Vietnam Distribution
29/11/2018  HLG Tan Chong Motor Holdings - On the right track
29/11/2018  AmInvest Tan Chong Motor - Margin-minded
28/11/2018  MIDF Tan Chong Motor - Strong 3Q18 Underpins Turnaround Thesis
28/11/2018  KENANGA Tan Chong Motor - 9M18 Above Expectations
28/11/2018  JF APEX Tan Chong Motor Holdings - Robust Earnings
28/11/2018  HLG Tan Chong Motor Holdings - Still Accelerating Further
28/11/2018  AmInvest Tan Chong Motor - On solid ground



  2 people like this.
 
tuapuikia Plan to buy
12/03/2018 1:38 PM
Alex GunaSeelan beli buy beli buy
03/05/2018 2:26 PM
nikicheong Back to black, baby!
18/05/2018 7:53 PM
leetm https://klse.i3investor.com/m/priceTarget/44757.jsp
22/05/2018 7:01 PM
Lee Yih Yeong auto part tariff...run
24/05/2018 3:02 PM
LimKL1 wa herm so hard to decide
24/05/2018 3:35 PM
LimKL1 beli buy beli buy
24/05/2018 3:36 PM
Stevecheahsw GST become 0% really help automotive industrial a lot!!!
19/06/2018 12:20 AM
Stevecheahsw Latest model Nissan Serena stocks 8xx units whole malaysia clear all in 2 week time (16-31/5/2018)
19/06/2018 12:22 AM
Stevecheahsw Even X-Trail also clear stocks in 2 week time
19/06/2018 12:22 AM
Stevecheahsw Nissan Serena have 2xxx people waiting cars, 1-6-18 to 31-8-18 is a best time to buy cars! (No GST,No SST)
19/06/2018 12:24 AM
apolloang people no money to buy stocks,no money for gst,no money to eat rice,got money to buy car?
19/06/2018 12:26 AM
Stevecheahsw apolloang, better go to showroom to do a survey Lol
19/06/2018 12:38 AM
apolloang I know just dunno why all say no money this no money that but curi curi buy new car
19/06/2018 12:41 AM
Kawelegen Anyway after September car price must be cheaper than during the BN in power if not sure PH kena gelak
24/06/2018 11:19 AM
KLCI King Extremely low profit margin
15/08/2018 4:16 PM
tuapuikia TP RM4
23/08/2018 2:19 PM
Jordan Khoo Price will gap up this morning, good luck to all and enjoy the rollercoaster.... hehe
23/08/2018 3:01 PM
tuapuikia TP RM4
24/08/2018 3:58 PM
BULL1000BEAR1000 The Geely Boyue is currently priced around RM68,500 (110,000 yuan) in China, while competitors such as the Honda CR-V and Mazda CX-5 are sold at over RM100,000

Google Search Result
09/10/2018 9:13 PM
BULL1000BEAR1000 https://jalopnik.com/the-ten-most-expensive-places-to-buy-a-car-1256855393
09/10/2018 9:13 PM
BULL1000BEAR1000 https://www.startrescue.co.uk/news/motoring-news-2/10-most-expensive-countries-to-buy-and-run-a-car
09/10/2018 9:14 PM
BULL1000BEAR1000 https://paultan.org/2016/02/19/why-are-proton-cars-so-cheap-in-the-export-markets/
19/10/2018 8:32 PM
James Ng https://klse.i3investor.com/blogs/general/181583.jsp
[转贴] [TAN CHONG MOTOR HOLDINGS BHD:推出全新本地组装车型,例如全新日产Serena S-Hybrid及日产Urvan NV350,以提升其在国内市场的竞争力] - James的股票投资James Share Investing
08/11/2018 12:31 PM
nikicheong Finally some sustainable turnaround. Sadly I already sold out some time back. May recover to ~RM1.80 - RM2.00 levels.
27/11/2018 8:31 PM
129055444514385 18/12/2018 1.39 2.10 +0.71 (51.08%) BUY MIDF
18/12/2018 1.40 1.57 +0.17 (12.14%) HOLD HLG


DATO' TAN HENG CHEW 16-Jan-2019 Acquired 20,000 0.000 View Detail
DATO' TAN HENG CHEW 24-Oct-2018 Acquired 30,000 0.000 View Detail
DATO' TAN HENG CHEW 22-Oct-2018 Acquired 40,000 0.000 View Detail
DATO' TAN HENG CHEW 21-Sep-2018 Acquired 18,300 0.000 View Detail
DATO' TAN HENG CHEW 03-Sep-2018 Acquired 30,000 0.000 View Detail
DATO' TAN HENG CHEW 30-Aug-2018 Acquired 5,700 0.000 View Detail
DATO' TAN HENG CHEW 27-Aug-2018 Acquired 20,000 0.000 View Detail
DATO TAN HENG CHEW 20-Aug-2018 Acquired 30,000 0.000 View Detail
DATO TAN HENG CHEW 15-Aug-2018 Acquired 38,600 0.000 View Detail
DATO TAN HENG CHEW 12-Jul-2018 Acquired 1,300 0.000 View Detail
DATO TAN HENG CHEW 11-Jul-2018 Acquired 1,500 0.000 View Detail
DATO TAN HENG CHEW 10-Jul-2018 Acquired 20,000 0.000 View Detail
DATO TAN HENG CHEW 10-Jul-2018 Acquired 7,000 0.000 View Detail
DATO TAN HENG CHEW 06-Jul-2018 Acquired 1,200 0.000 View Detail
DATO TAN HENG CHEW 06-Jul-2018 Acquired 20,000 0.000 View Detail
DATO TAN HENG CHEW 05-Jul-2018 Acquired 4,000 0.000 View Detail
DATO TAN HENG CHEW 03-Jul-2018 Acquired 4,000 0.000 View Detail
DATO TAN HENG CHEW 02-Jul-2018 Acquired 17,400 0.000 View Detail
DATO TAN HENG CHEW 02-Jul-2018 Acquired 10,000 0.000 View Detail
DATO TAN HENG CHEW 29-Jun-2018 Acquired 28,400 0.000 View Detail
DATO TAN HENG CHEW 27-Jun-2018 Acquired 2,500 0.000 View Detail
DATO TAN HENG CHEW 25-Jun-2018 Acquired 2,100 0.000 View Detail
DATO TAN HENG CHEW 19-Jun-2018 Acquired 10,500 0.000 View Detail
DATO TAN HENG CHEW 18-Jun-2018 Acquired 10,000 0.000 View Detail
DATO TAN HENG CHEW 07-Jun-2018 Acquired 7,800 0.000 View Detail
25/01/2019 12:31 PM
129055444514385 Maintain contrarian BUY. Earnings turnaround driven mainly by the Malaysian operations remains intact, while operational losses will reduce from the elimination of NVL losses. Maintain our contrarian BUY at unchanged TP of RM2.10. Our valuations conservatively peg Tan Chong to trough PBV of 0.5x. Having seen depressed share price performance in the past 24 months, Tan Chong now trades at just 0.4x FY18F PBV (which is lower than even its historical trough PBV of 0.5x) amid a turnaround in earnings from FY18F. Key catalysts: (1) Resumption of new model launches from FY18F (2) A narrowing in losses from Indochina operations (3) A bottoming in market share. Risk to our call is if the termination of the 74%-owned JV in NVL eventually impacts TCIEV’s franchise agreement with NML (where Tan Chong has invested some USD82m).

Source: MIDF Research - 18 Dec 2018
25/01/2019 12:33 PM
129055444514385 Tanchong has been turnaround... back to profitability :)

Q3, 2018 - Analysis Of Performance Of All Operating Segments

The Group's revenue increased by 13.0% to RM3,691.4 million with profit before taxation (PBT) of RM94.9 million (+211.1% YoY) for the quarter ended 30 September 2018. The financial position of the Group continued to improve with the reduction of net debt and inventory to RM805.1 million (-38.8% YoY) and RM909.1 million (-22.0% YoY) respectively. This is arising from the Group's on-going measures to improve inventory holding management to ensure a sustainable financial position. As at 30 September 2018, the Group's retained earnings was RM1.78 billion. The net assets per share was at RM4.30 (+0.5% YoY). Further analysis of the segments is explained as follows:

Vehicles Assembly, Manufacturing, Distribution & After Sales Service (automotive)
The automotive division recorded a higher revenue of RM3,610.4 million (+12.8% YoY). There is an improvement in the segment's EBITDA of RM190.1 million (+291.2% YoY). Revenue was higher due to higher number of vehicles sold during "tax holiday" sales period and sales of the newly launched Nissan Serena in Malaysia.

Financial Services (hire purchase and insurance)
The financial services division recorded a higher revenue of RM69.6 million (+21.5% YoY) and EBITDA of RM17.6 million (+14.2% YoY). The increase in revenue was due to higher loan book size as of 30 September 2018 compared to previous year.

Other Operations (investments and properties)
Revenue from other operations was higher at RM11.3 million as compared to RM6.0 million in the previous year. EBITDA was RM10.5 million as compared to loss RM1.3 million in the previous year. The higher revenue was contributed by contact centre operations. The improvement in EBITDA was mainly due to net foreign exchange gain of RM13.2 million recognised in the quarter ended 30 September 2018 arising from financing overseas entities denominated in foreign currencies.
25/01/2019 1:40 PM
129055444514385 New nissan cars to be launched by TANCHONG soon.


New Nissan Juke to debut in summer 2019 – report - Paultan
https://paultan.org › Cars
Dec 10, 2018 - The Nissan Juke is one of the more recognisable models in the Nissan stable, thanks to its distinctive moon buggy design, and even with the ...


2019 Nissan Altima – new Teana debuts with variable compression ...
https://paultan.org › Cars
Mar 29, 2018 - 2019 Nissan Altima – new Teana debuts with variable compression turbo ... Compared to the previous Altima, the new car is 25 mm longer, ...
27/01/2019 8:57 AM
Good123 :)

ABOUT TAN CHONG MOTOR HOLDINGS

Award-winning Malaysian conglomerate and automotive group, Tan Chong Motor Holdings Sdn. Bhd. (TCMH), has reached world-class status following its 50-year evolution from a start-up in the early 1970s. Although the head office is still firmly rooted on home territory in Kuala Lumpur, the company now has more than 13,000 employees across 23 global brands in 15 countries around the world, with annual revenues exceeding $4B.
27/01/2019 2:28 PM
129055444514385 Could tanchong supply and finance the nissan cars for Grab drivers? Could collaboration be established between tanchong and Grab in Malaysia first before carrying out in other ASEAN countries? :)

https://www.nst.com.my/business/2018/07/395684/how-grabs-msian-ceo-steered-it-out-garage-kl-us10-billion-company
28/01/2019 8:23 AM
Choongling Any news today??? Went up a bit
25/02/2019 7:05 PM
tuapuikia wow
26/02/2019 10:55 AM
tuapuikia what is the news?
26/02/2019 10:56 AM
Choongling Return to profit after 2 years
26/02/2019 5:11 PM
Choongling 2 sen dividend
26/02/2019 5:12 PM
tuapuikia hmm... 2 cents ? 20 cents ok lar
27/02/2019 4:21 AM
Choongling Tan Chong is doing revaluation of assets.
06/03/2019 12:11 AM
bfmklm @Choongling, any link/info to share on revaluation ?
06/03/2019 10:54 PM
qps999 TCHING was reacting same as my friend Tan chong..It looks angry..but always help ..tomrorow again it will jump..
06/03/2019 10:59 PM
Choongling http://www.bursamalaysia.com/market/listed-companies/company-announcements/6073521
08/03/2019 6:31 PM
Choongling Any idea can revaluation help for price?????
08/03/2019 6:32 PM
Choongling Or company ????
08/03/2019 6:33 PM
Choongling Surprised dividend is very slow this quarter
23/03/2019 4:09 AM
bfmklm @Choongling it will be in Apr end as usual
25/03/2019 6:14 PM
Tan Frankie Every stock moving but not this?
03/04/2019 4:54 PM
Tan Frankie New hybrid X-trail comingggg
11/04/2019 10:06 AM
Choongling Thailand open a Subaru plant by Tan Chong is it related
03/05/2019 4:24 PM
ramada Latest EPS 2.45 sen. Luckily I didn't buy.
https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=4405
14/05/2019 6:19 PM
wendyuong Hi all! Can I ask how much can you earn per month. If you are own Accessories Auto Car shop in KL? Anyone have experience can give me some tips... :-)))
15/05/2019 4:45 PM


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