Highlights
KLSE: TCHONG (4405)       TAN CHONG MOTOR HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
1.33   0.00 (0.00%)  1.33 - 1.33  5,300
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Overview

Market Cap: 894 Million
NOSH: 672 Million
Avg Volume (4 weeks):57,840
4 Weeks Range:1.31 - 1.38
4 Weeks Price Volatility (%):
28.57%
52 Weeks Range:1.31 - 1.75
52 Weeks Price Volatility (%):
4.55%
Average Price Target: 1.79
Price Target Upside/Downside: +0.46
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  20-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  27-Nov-2019
T4Q P/E | EY: 7.46  |  13.41%
T4Q DY | Payout %: 2.92%  |  21.79%
T4Q NAPS | P/NAPS: 4.2539  |  0.31
T4Q NP Margin | ROE: 2.60%  |  4.19%

Headlines

Date Subject
03-Oct-2019 Automotive - National Marques Racing Ahead
23-Sep-2019 Automotive - Aug 2019 TIV: 2018’s High Base Effect
11-Sep-2019 PublicInvest Research Headlines - 11 Sept 2019
11-Sep-2019 Mplus Market Pulse - 11 Sept 2019
27-Aug-2019 Tan Chong Motor Holdings - Valuations Have Turned Attractive
26-Aug-2019 PublicInvest Research Headlines - 26 Aug 2019
22-Aug-2019 Tan Chong Motor - Gradually Paring Losses in Indochina
22-Aug-2019 【视频】陈唱摩多 今明年财测下砍
22-Aug-2019 Tan Chong Motor - Cheap Valuations with Fundamentals Intact
22-Aug-2019 Automobile - Proton Stealing the Limelight in July
22-Aug-2019 Tan Chong Motor Holdings - Sustainable Earnings
21-Aug-2019 Tan Chong Motor Holdings - Gloomy Outlook for FY19
21-Aug-2019 Tan Chong Motor - Missed Expectations
21-Aug-2019 PublicInvest Research Headlines - 21 Aug 2019
21-Aug-2019 Tan Chong Motor - 1H19 Below Expectations
21-Aug-2019 Tan Chong Motor - Riding into a Stronger 2H19
21-Aug-2019 Tan Chong Motor Holdings - Valuations Have Turned Attractive
20-Aug-2019 Automobile Sector - Proton Expected to Overtake Honda in YTD Market Share
31-Jul-2019 [转贴] [TAN CHONG MOTOR HOLDINGS BHD:在马来西亚和海外市场推出的新车型带来的销量增加和销售产品组合更好] - James的股票投资James Share Investing
29-Jul-2019 Mplus Market Pulse - 29 Jul 2019

Business Background

Tan Chong Motor Holdings Berhad is primarily an automotive manufacturer based in Malaysia. The company conducts its businesses through three segments, namely, Vehicles segment, Financial Services, and others. The Vehicles segment is its core business and is a major revenue generator. It is focused on the assembly and distribution of passenger and commercial vehicles, automotive workshop services, distribution of automotive spare parts and manufacturing of automotive parts. The Financial Services segment provides hire purchase financing, personal loans and insurance agency services and Other operations segment is engaged in property and investment holding activities.
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  2 people like this.
 
Choongling https://paultan.org/2019/07/29/tan-chong-motor-inks-mou-with-chinese-automaker-saic-to-explore-business-cooperation-in-vietnam/
29/07/2019 7:43 PM
James Ng https://klse.i3investor.com/blogs/general/217455.jsp
[转贴] [TAN CHONG MOTOR HOLDINGS BHD:在马来西亚和海外市场推出的新车型带来的销量增加和销售产品组合更好] - James的股票投资James Share Investing
31/07/2019 10:53 AM
tuapuikia back to RM5?
31/07/2019 10:53 AM
Choongling Hopefully it goes to 10
09/08/2019 1:20 PM
Rotiboy actually, what is the future of Tan Chong in the next 3 years? otherwise, how to expect its share price will go up?
10/09/2019 3:21 PM
Woodswater https://www.theedgemarkets.com/article/%E9%99%88%E5%94%B1%E6%91%A9%E5%A4%9A%E4%B8%8E%E6%97%A5%E4%BA%A7%E5%9C%A8%E8%B6%8A%E5%8D%97%E7%9A%84%E8%81%94%E8%90%A5%E8%8E%B7%E5%BB%B6%E9%95%BF
11/09/2019 9:34 AM
Rotiboy But the fact is Nissan is not popular as Toyota in Vietnam and their national car called Vietfast has been launched recently. That’s why its growth in Vietnam is questionable.
12/09/2019 1:04 PM
Choongling Possibly manufacturing in Vietnam and sell in Asia.
13/09/2019 11:16 AM
James Wong Keep down down down, disappointed. Out of so many stock I invest, Tchong is a mistake. Nissan cars keep having engine problems, else is gear box. I don’t see future if they don’t improve their reputation.
18/09/2019 3:23 PM
Rotiboy Ya, it seems its business model already stagnant.
25/09/2019 4:02 PM
Victor Yong Share buyback or director will buy more ? :)

TCHONG (4405): TAN CHONG MOTOR HOLDINGS BHD - Overview | I3investor


TAN CHONG MOTOR HOLDINGS BHD
Last Price Today's Change
1.33 +0.01 (0.76%)

Board: MAIN
Sector: Consumer
Avg Volume (4 weeks): 46,363
4 Weeks Range: 1.32 - 1.39
52 Weeks Range: 1.32 - 1.75
Average Price Target: 1.79
Price Target Upside/Downside: +0.46
Tan Chong Motor Holdings Berhad is primarily an automotive manufacturer based in Malaysia. The company conducts its businesses through three segments, namely, Vehicles segment, Financial Services, and others. The Vehicles segment is its core business and is a major revenue generator. It is focused on the assembly and distribution of passenger and commercial vehicles, automotive workshop services, distribution of automotive spare parts and manufacturing of automotive parts. The Financial Services segment provides hire purchase financing, personal loans and insurance agency services and Other operations segment is engaged in property and investment holding activities.
Date Close
10/10/2019 1.32
09/10/2019 1.32
08/10/2019 1.34
07/10/2019 1.33
04/10/2019 1.35
03/10/2019 1.35
02/10/2019 1.35
01/10/2019 1.36
30/09/2019 1.36
27/09/2019 1.35
26/09/2019 1.35
25/09/2019 1.36
24/09/2019 1.34
23/09/2019 1.35
20/09/2019 1.37
19/09/2019 1.37
18/09/2019 1.37
17/09/2019 1.38
13/09/2019 1.38
11/10/2019 11:15 AM
Victor Yong Already profitable, new models , etc r coming
11/10/2019 11:16 AM
Victor Yong Tan Chong Motor Holdings - Valuations Have Turned Attractive
Date: 27/08/2019

Stock : TCHONG Source : HLG
Price Target : 1.70
Last Price : 1.33


TCM’s 2QFY19 net profit of RM18.8m (-15.1% QoQ, -6.9% YoY) and 1HFY19 of RM40.8m (+19.8% YoY) came in within HLIB’s FY19 expectation (48.6%), but below consensus (41.0%). Declared interim dividend of 2.0sen/share (ex-date: 11 Sep 2019). We upgrade our recommendation on TCM to BUY (from Hold) with unchanged TP of RM1.70 based on 10x FY20f PE, as we believe TCM is currently trading at an attractive valuation (implied P/B of only 0.3x) with sustainable earnings and cash flow.

Within expectation. TCM reported core net profit of RM18.8m for 2QFY19 and RM40.8m for 1HFY19, which was within HLIB’s FY19 forecast at 48.6%, but below consensus (41.0%)

Dividend: Declared first interim dividend of 2.0sen/share (ex-date: 11 Sep 2019).

QoQ/YoY: Overall earnings dropped 15.1% QoQ and 6.9% YoY respectively, mainly due to higher group effective tax expenses, despite the improvement in overall operating profits and margins (see Figure #1), which we suspect was due to higher tax on the better profitability of operations in Malaysia and oversea (excluding Vietnam). We note that Vietnam reported higher losses in the quarter.

YTD: Core earnings increased by 19.8% on improved sales mix and margins following new launches of X-trail in Malaysia market and Nissan Patrol in Indochina market.

Outlook. Moving forward, we expect the Malaysia automotive market to remain competitive in 2019 while TCM is being disadvantaged by the lack of new attractive model launches for the year. Nevertheless, management has continued to prove itself in maintaining profitability for the past years with strong focus on sustainable margins and careful not to engage in competitive pricing. Management has also indicated two new attractive models i.e. Nissan Kicks and Nissan Almera to be introduced in year 2020. Furthermore, we expect Nissan sales in Indochina market to continue gain traction, in line with the growing affluence of the population.

Forecast. Unchanged.

Upgrade to BUY, TP: RM1.70. Following the share price slide over the past few months, we upgrade to BUY (from Hold) recommendation on TCM with unchanged TP of RM1.70 based on 10x FY20f PE. We believe TCM is currently trading at an attractive valuation (implied P/B of only 0.3x) with sustainable profits and cash flow. TCM is expected to continue pay out dividend of 4sen/share per annum.

Source: Hong Leong Investment Bank Research - 27 Aug 2019
11/10/2019 11:17 AM
Victor Yong Most important


Nissan Kicks and Nissan Almera to be introduced in year 2020. Furthermore, we expect Nissan sales in Indochina market to continue gain traction, in line with the growing affluence of the population.
11/10/2019 11:18 AM
Victor Yong New Nissan kicks n Almera will drive sale up... Buy n keep till next year .. year end window dressing in December soon as expected :)
11/10/2019 11:39 AM
Victor Yong Vietnam is booming.. able to make money till sept 2020

Tan Chong Motor Holdings Bhd said the joint venture (JV) agreement between its wholly-owned subsidiary ETCM (V) Pte Ltd (ETCMV) and Nissan Motor Co Ltd (NML) to import and distribute Nissan vehicles and parts in Vietnam, has been extended to Sept 30, 2020 following discussions between ETCMV and NML.

Tan Chong said the JV agreement dated Sept 22, 2010 is supposed to end on Sept 10, 2019 based on the agreement's termination notice
11/10/2019 3:22 PM
Good123 don't worry, EPF is still holding it tightly :)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

TAN CHONG MOTOR HOLDINGS BERHAD

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARDAddressTingkat 19, Bangunan KWSP
Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.Company No.EPF ACT 1991Nationality/Country of incorporationMalaysiaDescriptions (Class)Ordinary shares

Details of changes

NoDate of change

No of securities

Type of TransactionNature of Interest124 Jul 2019

1,680,000

DisposedDirect InterestName of registered holderCitigroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund BoardAddress of registered holderLevel 42, Menara Citibank 165 Jalan Ampang 50450 Kuala LumpurDescription of "Others" Type of Transaction224 Jul 2019

1,680,000

AcquiredDirect InterestName of registered holderCitigroup Nominees (Tempatan) Sdn Bhd Emplys Prvnt Fd Bd (Affin Hwang-SBL)Address of registered holderLevel 42, Menara Citibank 165 Jalan Ampang 50450 Kuala LumpurDescription of "Others" Type of Transaction
Circumstances by reason of which change has occurredDisposal and Acquisition of SharesNature of interestDirect InterestDirect (units)39,352,800Direct (%)6.03Indirect/deemed interest (units)0Indirect/deemed interest (%)0Total no of securities after change39,352,800Date of notice25 Jul 2019Date notice received by Listed Issuer31 Jul 2019
13/10/2019 7:36 PM
Good123 1.32MYR0.00 (0.00%)

11 Oct, 5:00 pm MYT - Disclaimer

1 D

5 D

1 M

1 Y

5 Y

MAX



12:00 PM3:00 PM1.3301.3301.3251.3251.3201.3201.32closePrevLunchbreak

Open

1.33

High

1.33

Low

1.32

Mkt cap

887.04M

P/E ratio

8.13

Div yield

3.03%
13/10/2019 8:08 PM
Good123 2.10HKD0.02 (0.96%)

11 Oct, 4:00 pm GMT 8 - Disclaimer

1 D

5 D

1 M

1 Y

5 Y

MAX



10:00 AM12:00 PM2:00 PM4:00 PM2.1002.1002.0952.0952.0902.0902.0852.0852.0802.0802.08closePrevLunchbreak

Open

2.10

High

2.10

Low

2.10

Mkt cap

4.23B

P/E ratio

7.04

Div yield

5.48%
13/10/2019 8:09 PM
Good123 continue 2nake money till September next year :)
13/10/2019 8:15 PM
Good123 Tan Chong Motor Holdings Bhd said the joint venture (JV) agreement between its wholly-owned subsidiary ETCM (V) Pte Ltd (ETCMV) and Nissan Motor Co Ltd (NML) to import and distribute Nissan vehicles and parts in Vietnam, has been extended to Sept 30, 2020 following discussions between ETCMV and NML.

Tan Chong said the JV agreement dated Sept 22, 2010 is supposed to end on Sept 10, 2019 based on the agreement's termination notice
13/10/2019 8:16 PM
Victor Yong :)


Board: MAIN
Sector: Consumer
Avg Volume (4 weeks): 47,378
4 Weeks Range: 1.32 - 1.39
52 Weeks Range: 1.32 - 1.75
Average Price Target: 1.79
Price Target Upside/Downside: +0.47
14/10/2019 8:22 AM
Good123 nissan kicks is coming next year :)
https://pandulaju.com.my/nissan-kicks-2019-model-termurah-menang-anugerah-interior-terbaik-wardsauto-2019/
14/10/2019 8:36 AM
Good123 new Almera is also coming next year :) https://pandulaju.com.my/nissan-versa-almera-lancar-di-as-dengan-rupa-lebih-mengancam/
14/10/2019 8:37 AM
Good123 new year, share price should fly with these 2 new models
14/10/2019 8:39 AM
Good123 CIRI NISSAN Almera (2019) coming next year

Dipacu enjin 1.6L berkuasa 122hp dengan transmisi Xtronic dan manual 5-kelajuan.

Rekabentuk baharu menampilkan profil badan lebih rendah, lebar dan panjang serta kekal dengan interior Versa yang luas.

Menggunakan identiti sedan baharu Nissan seperti gril V-motion, lampu depan dan belakang bentuk bumerang dan bumbung terapung.

Ciri-ciri tersebut membentuk sebuah kereta aras mula bertenaga, provokatif dan menarik seperti yang disebut pereka Nissan.

Dilengkapi teknologi keselamatan Nissan Safety Shield.

Ciri keselamatan standard ialah Brek Kecemasan Automatik (AEB) dengan Pengesan Pejalan Kaki, Brek Belakang Automatik, Amaran Tukar Lorong (LDW) dan Bantuan Lampu Puncak (HBA).

Ada lapan pilihan warna, antaranya Electric Blue Metallic (biru), Monarch Orange Metallic (jingga) and Scarlet Ember Tintcoat (merah).
14/10/2019 8:44 AM
Good123 hold till 2020. new Almera one big jump, another jump when kicks is introduced also
14/10/2019 9:45 AM
Good123 window dressing in December also... 2 recent quarter s showed profit
14/10/2019 9:46 AM
Good123 the worst is over for tchong
14/10/2019 9:46 AM
Good123 SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2019

 

INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

30 Jun 2019

30 Jun 2018

30 Jun 2019

30 Jun 2018

$$'000

$$'000

$$'000

$$'000

1Revenue

1,066,674

1,088,316

2,147,279

2,122,934

2Profit/(loss) before tax

40,807

24,805

70,534

38,266

3Profit/(loss) for the period

19,052

9,868

36,269

11,955

4Profit/(loss) attributable to ordinary equity holders of the parent

19,428

12,363

35,409

16,615

5Basic earnings/(loss) per share (Subunit)

2.98

1.89

5.43

2.55

6Proposed/Declared dividend per share (Subunit)

2.00

2.00

2.00

2.00



AS AT END OF CURRENT QUARTER

AS AT PRECEDING FINANCIAL YEAR END

7
Net assets per share attributable to ordinary equity holders of the parent ($$)

4.3800

4.3500


Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunitMalaysiaRinggitSenUnited StatesDollarCentUnited KingdomPoundPence



Announcement Info

Company NameTAN CHONG MOTOR HOLDINGS BERHADStock NameTCHONGDate Announced20 Aug 2019CategoryFinancial ResultsReference NumberFRA-16082019-00022
14/10/2019 10:03 AM
Victor Yong restart soon?

EMPLOYEES PROVIDENT FUND BOARD 24-Jul-2019 Acquired 1,680,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Jul-2019 Disposed 1,680,000 0.000 View Detail
DATO' TAN HENG CHEW 17-Jul-2019 Acquired 11,700 0.000 View Detail
DATO' TAN HENG CHEW 12-Jul-2019 Acquired 30,000 0.000 View Detail
DATO' TAN HENG CHEW 10-Jul-2019 Acquired 50,000 0.000 View Detail
DATO' TAN HENG CHEW 04-Jul-2019 Acquired 20,000 0.000 View Detail
DATO' TAN HENG CHEW 19-Jun-2019 Acquired 20,000 0.000 View Detail
DATO' TAN HENG CHEW 11-Jun-2019 Acquired 11,900 0.000 View Detail
DATO' TAN HENG CHEW 10-Jun-2019 Acquired 14,100 0.000 View Detail
DATO' TAN HENG CHEW 03-Apr-2019 Acquired 10,000 0.000 View Detail
DATO' TAN HENG CHEW 02-Apr-2019 Acquired 10,000 0.000 View Detail
DATO' TAN HENG CHEW 01-Apr-2019 Acquired 35,000 0.000 View Detail
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
14/10/2019 11:13 AM
Victor Yong :)

DATO' KHOR SWEE WAH @ KOH BEE LENG 17-Jul-2019 Acquired 11,700 1.440 View Detail
DATO' TAN HENG CHEW 17-Jul-2019 Acquired 11,700 1.440 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 16-Jul-2019 Acquired 10,000 1.440 View Detail
DATO' TAN HENG CHEW 16-Jul-2019 Acquired 10,000 1.440 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 12-Jul-2019 Acquired 30,000 1.440 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 12-Jul-2019 Acquired 10,000 1.440 View Detail
DATO' TAN HENG CHEW 12-Jul-2019 Acquired 30,000 1.440 View Detail
DATO' TAN HENG CHEW 12-Jul-2019 Acquired 10,000 1.440 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 11-Jul-2019 Acquired 10,000 1.440 View Detail
DATO' TAN HENG CHEW 11-Jul-2019 Acquired 10,000 1.440 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 10-Jul-2019 Acquired 88,000 1.450 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 10-Jul-2019 Acquired 50,000 1.444 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 10-Jul-2019 Acquired 36,000 1.450 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 10-Jul-2019 Acquired 20,000 1.440 View Detail
DATO' TAN HENG CHEW 10-Jul-2019 Acquired 88,000 1.450 View Detail
DATO' TAN HENG CHEW 10-Jul-2019 Acquired 50,000 1.444 View Detail
DATO' TAN HENG CHEW 10-Jul-2019 Acquired 36,000 1.450 View Detail
DATO' TAN HENG CHEW 10-Jul-2019 Acquired 20,000 1.440 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 09-Jul-2019 Acquired 50,000 1.450 View Detail
DATO' TAN HENG CHEW 09-Jul-2019 Acquired 50,000 1.450 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 04-Jul-2019 Acquired 20,000 1.460 View Detail
DATO' TAN HENG CHEW 04-Jul-2019 Acquired 20,000 1.460 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 19-Jun-2019 Acquired 20,000 1.490 View Detail
DATO' KHOR SWEE WAH @ KOH BEE LENG 19-Jun-2019 Acquired 10,000 1.490 View Detail
DATO' TAN HENG CHEW 19-Jun-2019 Acquired 20,000 1.490
14/10/2019 11:14 AM
Good123 lowest price, 52-week low. nissan is famous for electric and combine European and Japanese design. nissan and Renault are one family. nissan ranks second in Japan.
15/10/2019 8:36 AM
Icon8888 Bought some recently
15/10/2019 8:37 AM
Good123 nissan cars in Malaysia are sold cheaper than Toyota and Honda in Malaysia, with its 2 new models next year, surely make more money.
15/10/2019 8:38 AM
Good123 a car is still essential for family, at least 1, for emergency purpose.... whether grab exists or not
15/10/2019 8:39 AM
Icon8888 Their Indochina presence interesting

Got potential
15/10/2019 8:52 AM
Good123 also, grab's co-founder is a family member of tchong's founder. u never know future collaboration, etc,
15/10/2019 9:07 AM
Good123 you never any sudden announcement of collaboration between tchong and grab anytime
15/10/2019 10:08 AM
Good123 probably grab drivers can get special rate for financing and car price for the new Almera next year :)
15/10/2019 10:18 AM
Good123 one day, grab could acquire tchong , who knows? :)
15/10/2019 10:45 AM
Good123 market cap of tchong is about rm900mil, murah to be acquired or privatised also
15/10/2019 10:47 AM
Good123 foresee some collaboration s between grab and tchong on day , family members
15/10/2019 4:19 PM
Good123 intensify such arrangement. hopefully soon

Car rental uber and grab only Nissan... - Kereta Sewa E-Hailing | Facebook

12 Nov 2017 · Car rental uber and grab only Nissan Almera 2013 Deposit Rm700 Weekly Rm300 Maintanance cover by tenant. Postpaid rent.
15/10/2019 4:28 PM
Victor Yong Uptrend again? :)

Date Close Volume
15/10/2019 1.33 31,500
14/10/2019 1.32 216,700
11/10/2019 1.32 67,300
10/10/2019 1.32 7,500
09/10/2019 1.32 53,800
08/10/2019 1.34 11,000
07/10/2019 1.33 75,000
04/10/2019 1.35 2,000
03/10/2019 1.35 0
02/10/2019 1.35 45,800
01/10/2019 1.36 9,000
30/09/2019 1.36 3,200
27/09/2019 1.35 22,500
26/09/2019 1.35 12,400
25/09/2019 1.36 54,800
24/09/2019 1.34 200
23/09/2019 1.35 167,000
20/09/2019 1.37 323,700
19/09/2019 1.37 30,400
18/09/2019 1.37 2,100
16/10/2019 8:11 AM
Good123 electric cars , strength of nissan indeed :)

Bright prospects seen for Tan Chong Motor on Nissan sales, among others

AmInvestment Bank

/

The Edge Financial Daily


July 25, 2019 10:48 am 08



This article first appeared in The Edge Financial Daily, on July 25, 2019.





-A A

Tan Chong Motor Holdings Bhd
(July 24, RM1.46)
Maintain buy with an unchanged fair value of RM2.18: We attended the official launch of the all-new Nissan Leaf on Tuesday. The model is one of the top-selling electric vehicles (EVs) in the world. It comes in a single variant and is priced at RM189,000.

The management strongly reiterated that the Leaf will not be a volume-based model, and there was no guidance on a sales target and booking numbers for the said vehicle.

The updated Leaf is a completely built-up model from Japan that is able to travel for an improved distance of about 310km versus about 160km for the previous model.

There are 17 charging hubs nationwide, and these are free of charge for Leaf users for easy and convenient charging.

Tan Chong Motor Holdings Bhd (TCM) guided that the purpose of bringing in the Leaf is to introduce the flagship vehicle, and it is targeted at a niche market.

Nissan Japan aims to continue spearheading the EV market as it believes this will be the trend going forward — fully autonomous and electric.

On a separate note, we are excited about the introduction of three upcoming new models in the financial year ending Dec 31, 2020, namely the all-new N18 Nissan Almera, followed by the Nissan Kicks B-segment crossover and the fourth-generation Nissan Sylphy.

We believe TCM will continue to do well going forward based on strong Nissan sales, prospects of new models to further fortify its margins and the rebuilding of the Nissan brand.

Risk factors include a continuing spike in inventory levels, severe weakening of the ringgit and worsening of its Indo-China operations. — AmInvestment Bank, July 24
16/10/2019 2:26 PM
Good123 This year, Nissan will deliver a longer range e version of its LEAF, Europe’s top-selling 100% electric car, which has a new 62kWh battery with a range of 385km.
16/10/2019 2:33 PM
Good123 Tan Chong Motor Holdings - Valuations Have Turned Attractive

Date: 27/08/2019 

Source : HLGStock : TCHONG     Price Target : 1.70     |     Price Call : BUY    Last Price : 1.33     |     Upside/Downside :   0.37 (27.82%)
17/10/2019 9:57 AM
Good123 https://www.edgeprop.my/content/1597354/tnb-mgtc-install-100-electric-vehicle-charging-stations-year-end
17/10/2019 10:16 AM
Good123 100 electric vehicle charging station as a start , good for Nissan leaf car ... Futher boost
17/10/2019 10:29 AM


 

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 ARMADA 0.410.00 
 PERDANA 0.395+0.015 
 MESTRON 0.14+0.02 
 HSI-H8E 0.19-0.02 
 HSI-C7F 0.37+0.04 
 MTAG 0.49+0.015 
 KNM 0.435-0.005 
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