GAC MOTOR ranked first for 8 consecutive years in J.D.power china initial quality study（IQS）

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
22/01/2024 00:00:00 0.9000 -0.1000 65,700 65,700 59,130 59,130 0.9000 0.0098 -
26/10/2023 00:00:00 1.0400 0.0100 50,000 50,000 52,000 52,000 1.0400 0.0074 -
06/03/2023 00:00:00 1.1400 - 5,000 5,000 5,700 5,700 1.1400 0.0007 -
23/07/2021 00:00:00 1.1700 - 1,000 1,000 1,170 1,170 1.1700 0.0001 -
22/07/2021 00:00:00 1.1700 - 250,000 250,000 292,500 292,500 1.1700 0.0372 -

Summary from 19/02/2009 to 22/01/2024
Highest Price 6.7300 First Occurred on 27/11/2013
Lowest Price 0.9000 First Occurred on 22/01/2024
Highest Volume 11.000m First Occurred on 12/03/2010

Transformation Plan: Nissan NEXT
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Transformation Plan: Nissan NEXT
Nissan announced its transformation plan, Nissan NEXT, in May 2020. The four-year plan aims to achieve sustainable growth, financial stability and profitability by the end of March 2023. Accordingly, Nissan is prioritizing and investing in business areas that are expected to deliver a solid recovery and sustainable growth. The company aims to achieve a 5% operating profit margin and a sustainable global market share of 6% by the end of FY23.

https://www.nissan-global.com/EN/COMPANY/PLAN/NEXT/

Potential Honda-Nissan merger could be the first of many as carmakers try to challenge China
Potential Honda-Nissan merger could be the first of many as carmakers try to challenge China
Japanese carmakers Honda and Nissan are reportedly considering a merger — a sign that major global manufacturers are joining forces to compete against their ...

CBC via Yahoo

12 hours ago

https://foton-global.com/products.html

www.renaultgroup.com

https://www.renaultgroup.com/

https://www.gac-motor.com/en/models/index

Why Renault is Important in the EV Market:
Early Commitment to Electric Vehicles: Renault has been a pioneer in the electric vehicle market, with the launch of the Renault Zoe in 2012. The company has been a consistent advocate for EVs in Europe and has developed a comprehensive strategy to promote zero-emission transportation.

Affordability and Accessibility: Renault focuses on making electric mobility accessible to a wider audience. With models like the Spring Electric, Twizy, and Zoe, Renault is catering to a broad spectrum of consumers, from city commuters to businesses requiring electric vans.

Electric Commercial Vehicles: Renault is one of the first automakers to offer electric versions of its commercial vehicles, such as the Kangoo Z.E. and Master Z.E.. This focus on electric vans and utility vehicles has made Renault a significant player in the zero-emission commercial transport sector.

Investment in Sustainability: Renault is committed to the transition to sustainable mobility. The company has announced plans to expand its electric vehicle lineup and invest in green technologies, including battery recycling and sustainable manufacturing processes.

Summary:
Renault’s EV lineup stands out for its combination of affordability, practicality, and innovation. With successful models like the Renault Zoe, Kangoo Z.E., and Spring Electric, Renault has made electric cars accessible to a wider market, including those looking for budget-friendly options, city cars, and electric commercial vehicles. The company continues to evolve with its next-generation electric models like the Mégane E-Tech Electric, strengthening its position as a key player in the European and global electric vehicle market.

Ranking of GAC Group in China and Globally:
GAC Group (Guangzhou Automobile Group Co., Ltd.) is one of the leading automotive manufacturers in China, known for producing traditional vehicles, electric vehicles (EVs), and offering various services such as logistics. Here’s a look at GAC's ranking both within China and globally:

1. Ranking in China:
GAC is one of the top automakers in China, but its specific ranking fluctuates based on the segment and year. Here are the key rankings within China:

Overall Market Position:

GAC is consistently among the top 10 automakers in China by production and sales volume.
In 2023, GAC was ranked 7th in terms of overall vehicle sales in China, behind other giants like SAIC Motor, Geely, BYD, and Great Wall Motors.
Electric Vehicles (EVs):

In the EV sector, GAC has seen rapid growth, especially with its Aion electric vehicle lineup. Although it doesn’t yet rival top EV brands like BYD or Tesla in terms of volume, GAC’s electric vehicles have made a significant impact in the Chinese market, with the Aion S and Aion LX being particularly popular.
GAC Aion is one of the top EV brands in China, and its growth trajectory continues to rise, with increasing market share in the domestic electric vehicle segment.
Sales Growth:

GAC has seen a year-over-year increase in sales, driven by both its internal combustion engine (ICE) vehicles and growing electric vehicle (EV) production.
The company has also been expanding its presence in new energy vehicles (NEVs), which has become a major focus for the Chinese automotive market.
2. Global Ranking:
Globally, GAC’s presence is growing, but it’s still not as widely recognized as some of the major global automotive brands. Here’s an overview of GAC’s global position:

Overall Global Ranking:

GAC Group is not among the top 10 globally by total sales, with global automotive giants like Toyota, Volkswagen, General Motors, and Hyundai-Kia leading the rankings.
However, GAC has seen strong export growth and has made significant strides in markets like the Middle East, Southeast Asia, and Europe. It has also been expanding its presence in emerging markets like Africa.
Global Market Reach:

GAC has expanded its footprint with showrooms, dealerships, and manufacturing plants in over 20 countries. The company has targeted high-potential markets, especially in Middle Eastern countries and Europe, where it has started exporting its vehicles, especially the Aion series.
Electric Vehicle Impact Globally:

GAC is increasingly recognized for its electric vehicles (EVs), especially the Aion models, which are designed to compete with other electric car manufacturers like Tesla, BYD, and NIO.
While GAC's EVs are still not at the scale of BYD or Tesla globally, the Aion LX and Aion S have been showcased in international auto shows and have begun to gain traction in export markets.
3. Key Challenges to Global Expansion:
Despite GAC’s growth, it faces stiff competition from established global players and other Chinese automakers with stronger international brand recognition, such as BYD, NIO, and Geely.
The brand recognition of GAC outside China still needs further development, and its ability to compete with well-established global automakers like Toyota, Volkswagen, and Ford remains a challenge.
Summary of Rankings:
China (Automotive Sector):
GAC ranks among the top 7 automakers in terms of total vehicle sales.
Aion (GAC's electric vehicle brand) ranks among the top electric vehicle brands in China.
Global Position:
Globally, GAC is not in the top 10 but is becoming more competitive in specific markets like the Middle East, Southeast Asia, and Europe.
Aion electric vehicles are gaining attention globally but have not yet reached the scale of giants like BYD or Tesla.
While GAC is positioned well within China, its global standing is growing but still faces stiff competition as it works to expand its footprint and build stronger international brand recognition.

One of the most famous GAC electric vehicles (EVs) globally is the Aion LX, and here’s why:

Aion LX
Type: Electric SUV
Launch Year: 2020
Positioning: High-end, long-range electric SUV
Why It’s Famous:
Impressive Range: The Aion LX offers one of the longest ranges among its electric SUV competitors. Depending on the variant, it provides a range of up to 650 km (around 400 miles) on a single charge, making it highly competitive in the EV market, particularly for long-distance driving. This range is a major selling point, especially for consumers who are transitioning from traditional combustion vehicles and are concerned about range anxiety.

Futuristic Design and Technology: The Aion LX stands out for its futuristic, sleek design. It combines an elegant, high-tech aesthetic with cutting-edge features, including a large, panoramic screen and a minimalist interior. The SUV is equipped with smart features, such as a digital cockpit, advanced driver-assistance systems (ADAS), and a smart, voice-activated system.

Performance: The Aion LX is not just about range and looks; it also offers solid performance. It boasts a high output power of 135 kWh, which allows the vehicle to accelerate quickly and provide a smooth driving experience. The electric powertrain ensures that the Aion LX delivers a quiet, responsive ride with instant torque.

Focus on Smart Mobility: The Aion LX is a flagship model for GAC’s push into the smart electric mobility sector. It features various autonomous driving features, such as adaptive cruise control, lane-keeping assistance, and automatic parking. GAC is positioning the Aion LX as an EV that integrates seamlessly with the future of smart cities and autonomous driving technology.

Global Appeal: While GAC’s EVs have been primarily popular in China, the Aion LX has gained significant international attention due to its advanced technology and impressive specifications. It has been showcased at various international auto shows, bringing attention to GAC’s capability to compete in the global electric vehicle market.

Affordability Relative to Competitors: When compared to similar luxury electric SUVs, the Aion LX offers impressive value. Its pricing is competitive for the features it offers, positioning it as a strong contender against brands like Tesla and NIO in the global electric SUV market.

Why It Stands Out:
The Aion LX has earned its fame due to the combination of impressive performance, long-range capabilities, and the integration of cutting-edge technologies like autonomous driving and smart systems. Its competitive pricing in comparison to other high-end electric vehicles makes it a strong offering in the global market, which is increasingly moving toward sustainable mobility options.

As a flagship model in GAC's electric vehicle lineup, the Aion LX serves as a symbol of the company’s ability to innovate and compete with global leaders in the EV market.

Excellent for Tanchong partnering GAC; many EVs to sell. GAC Group, under its Aion brand, has developed a range of electric vehicles (EVs). Here is a list of the major EV models produced by GAC under the Aion brand:

1. Aion S
Type: Sedan
Launch: 2019
Overview: The Aion S is a compact electric sedan designed for both performance and comfort. It features a modern design, a large touchscreen, and an impressive range. It is considered a key model in GAC's push into the electric vehicle market.
2. Aion LX
Type: Electric SUV
Launch: 2020
Overview: The Aion LX is a fully-electric SUV with advanced technology, a futuristic design, and a high performance. It offers a long range, rapid charging capabilities, and a spacious interior. It is one of GAC's flagship electric vehicles in the SUV category.
3. Aion Y
Type: Compact SUV
Launch: 2021
Overview: The Aion Y is a more affordable, compact electric SUV with a sleek design. It features cutting-edge technology, including a digital cockpit, smart driving capabilities, and a solid range. It targets a broader consumer base looking for a more budget-friendly electric vehicle.
4. Aion V
Type: Electric SUV
Launch: 2021
Overview: The Aion V is a mid-sized electric SUV that offers a range of advanced features, including a large battery for extended driving distance. It has a futuristic design, smart in-car technology, and ample cargo space, making it appealing to families and tech enthusiasts.
5. Aion GT
Type: Electric Sedan
Launch: 2022
Overview: The Aion GT is a performance-oriented electric sedan that emphasizes high performance and style. It has a sleek, aerodynamic design, long driving range, and advanced driver assistance features. It's targeted toward consumers looking for both luxury and performance in an electric vehicle.
6. Aion Hyper
Type: Electric Sedan (Concept)
Launch: 2023
Overview: The Aion Hyper is a concept car showcased by GAC as part of their future vision for high-performance, ultra-modern electric vehicles. It promises futuristic designs and high-performance metrics, including a focus on smart driving and extreme efficiency.
Upcoming Models
Aion LX Plus (Aion LX facelift): This is an updated version of the Aion LX SUV, expected to feature improved technology, longer range, and enhanced performance.
Aion V Plus: An upgraded version of the Aion V, it will likely offer better performance, longer range, and more luxurious features.
Summary:
GAC's Aion brand has quickly expanded its electric vehicle lineup, offering options from compact SUVs to high-performance sedans. With models like the Aion S, Aion LX, and Aion Y, the company is aiming to meet various market demands, from budget-friendly EVs to more premium, tech-driven offerings. GAC is also continuing to innovate with concept vehicles like the Aion Hyper, pushing the boundaries of electric mobility.

good4tan chong

"The new flagship showroom will welcome all customers to visit and experience the GAC Motor hospitality and the GAC Motor vehicles. Customers are encouraged to test drive to experience the superiority of the product," Tan further added.

This CKD project is part of GAC MOTOR and Tan Chong Group's long-term commercial partnership in the ASEAN region. Over the next five years, WTCA will introduce an attractive and comprehensive inventory of right-hand drive GAC MOTOR models, including SUV, Sedan and MPV. In addition, all new Global GAC MOTOR models will be simultaneously developed for both right- and left-hand drives, ensuring that Malaysian consumers receive the latest models at the same rate as other global consumers.

Revival for Tan Chong

"GAC has always placed utmost priority on delivering superior quality cars. We are confident that with its wide experience in the automotive industry, WTCA can meet our high manufacturing quality standards. We will be expecting that with 3-5 years development, the production and sales will reach 50,000 units. In order to fulfil this target, GAC will continue to coordinate internal and external resources and increase support for the Malaysian market, accelerate the launch of key models, improve the model matrix, and provide more intelligent and higher-quality vehicle products for local consumers." GAC Group Vice President and GAC International Chairman Yu Jun said.

Good for Tan Chong to partner with GAC China in addition to Renault France & Nissan Japan

GAC Group (China) is a prominent logistics, transportation, and automotive service provider with a strong global presence. Here are the key aspects that explain GAC Group's strengths globally:

1. Diverse Service Portfolio
GAC Group is involved in a variety of industries, with major business divisions including:

Automotive Manufacturing: GAC is one of China's leading automobile manufacturers, producing vehicles under brands such as GAC Motor, Aion (electric vehicles), and Trumpchi. Its global reach is expanding as it increases exports and develops new energy vehicles (NEVs).
Logistics and Supply Chain Solutions: GAC provides end-to-end logistics, including transportation, warehousing, and supply chain management services. This sector has seen significant international growth, especially in the Asia-Pacific, Middle East, and Europe.
Shipping and Freight Services: GAC operates a global maritime logistics network, offering ship management, freight forwarding, and other marine-related services.
2. Global Expansion
GAC has established a solid footprint in key global markets, particularly in the Middle East, Southeast Asia, and Europe. This international network allows the company to serve multinational clients and facilitate global trade and transportation.

Middle East: GAC's presence in the Middle East is particularly strong, with regional hubs in countries like the UAE, Saudi Arabia, and Qatar. Its global logistics expertise is leveraged here due to the region's significant trade and energy industries.
Asia-Pacific and Europe: The company has made inroads in both logistics and automotive sectors. Its automotive exports have increased, and logistics services cater to industries such as oil, gas, and consumer goods in both regions.
3. Strong Brand and Innovation in Automotive Sector
GAC Group has earned a strong reputation for producing high-quality vehicles, with a focus on innovation. The company's commitment to electric vehicle development, including its Aion brand, has placed it at the forefront of China’s transition to new energy vehicles.
GAC’s emphasis on cutting-edge technology, sustainable practices, and modern design also enhances its competitiveness globally, especially as the automotive industry shifts toward electric and autonomous vehicles.
4. Strategic Partnerships and Alliances
GAC has formed key international partnerships that have expanded its global reach:

Partnerships with global automakers: GAC has joint ventures with global automotive giants, such as Toyota, Honda, and FCA (Fiat Chrysler Automobiles). These collaborations allow for technology sharing, market access, and joint production of vehicles that meet international standards.
Collaborations in logistics: GAC's logistics services often integrate with global supply chains, which help it compete with larger players in the sector. Its partnerships with major freight and shipping companies further enhance its position.
5. Research and Development (R&D) Investment
GAC invests significantly in R&D, particularly in areas such as vehicle design, electrification, and smart technologies. The company's emphasis on innovation, with over 100 R&D centers globally, ensures it remains competitive in the rapidly evolving automotive industry.

6. Commitment to Sustainability
As the automotive and logistics industries face increasing pressures to become more sustainable, GAC Group has aligned itself with international environmental standards. It has committed to reducing its carbon footprint through electric vehicles, energy-efficient transportation solutions, and eco-friendly manufacturing practices. This commitment has enhanced its reputation and appeal in environmentally-conscious markets.

7. Advanced Manufacturing Capabilities
GAC Group's manufacturing plants, both in China and internationally, utilize cutting-edge technology, such as robotics, automation, and AI-driven production lines. This allows GAC to maintain high-quality standards and cost efficiency in its global operations, giving it an edge over many competitors.

8. Global Logistics Expertise
GAC’s logistics division is capable of providing tailored solutions for industries ranging from automotive and manufacturing to oil and gas. The company has a strong global network of offices, warehouses, and transportation hubs, enabling it to offer integrated and efficient logistics solutions worldwide.

Conclusion
GAC Group's global strength stems from its diversified portfolio, strategic international expansion, innovation in the automotive sector, robust partnerships, and commitment to sustainability. Its global logistics expertise and strong presence in key markets like the Middle East, Europe, and Southeast Asia further enhance its position as a key player in both the automotive and logistics industries.

"We are confident that with our Tan Chong Group's years of experience and our latest investment in our facility, we will meet AC's expectations. Our team has a strong collaboration with the GAC team to ensure that we are able to meet the GAC Quality Standards. GAC has set a very high standard in the automotive industry as they have dominated the Top 1 in China's JD Power Initial Quality Survey for eight consecutive years." said Tan Keng Meng, Chief Executive Officer of Warisan TC Holdings Bhd.

This is a significant milestone for GAC, as this marks their first-ever CKD operation outside of China.

The CKD project, which WTCA will invest in excess of RM 60 million, involves the manufacturing of the next-generation GAC Motor GS3 model, as well as expanding its nationwide presence. The CKD project was announced approximately 18 months after WTCA and GAC International signed a distributorship agreement, appointing WTCA as the sole and exclusive distributor of GAC vehicles in Malaysia.

WTC Automotif (M) Sdn Bhd (WTCA), a wholly-owned subsidiary of Warisan TC Holdings Bhd, announced its Completely Knocked Down (CKD) project with Guangzhou Automobile Group (GAC), signifying deepened partnership for both WTCA and GAC. Warisan TC Holdings Bhd is a sister company of Edaran Tan Chong Motor (ETCM), which is responsible for Nissan models in Malaysia.

Tan Chong Motor Holdings Berhad (TCMH) has most likely decided to monetize its landbank in Segambut for several reasons:

1. High Development Potential: The Segambut land is spread over 47 acres and is strategically located in Kuala Lumpur, making it highly valuable for development⁽¹⁾. The potential gross development value (GDV) is estimated to be in the billions of ringgit⁽¹⁾.

2. Diversification: By venturing into property development, Tan Chong aims to diversify its business beyond the automotive sector⁽¹⁾. This move can help the company tap into new revenue streams and reduce its dependency on the automotive industry.

3. Relocation of Assembly Plant: TCMH plans to relocate its assembly plant operations from Segambut to the newly acquired Ford plant in Shah Alam⁽²⁾. This relocation frees up the Segambut land for redevelopment⁽¹⁾.

4. Strategic Partnerships: Tan Chong is considering joint ventures with established property developers to leverage their expertise and resources for the redevelopment project⁽¹⁾. This approach can help minimize risks and ensure successful execution of the project.

5. Market Demand: There is a high demand for residential and commercial properties in Kuala Lumpur, especially in prime locations like Segambut⁽¹⁾. Developing high-end properties in this area can attract significant interest from buyers and investors.

Overall, monetizing the Segambut landbank aligns with Tan Chong's strategic goals of growth, diversification, and maximizing the value of its assets⁽¹⁾.

Does this help clarify their decision?


Sources:
[1] Tan Chong to develop Segambut land after 2013 - Edgeprop.my (https://www.edgeprop.my/content/tan-chong-develop-segambut-land-after-2013)
[2] Tan Chong steps up property plans - The Edge Malaysia (https://theedgemalaysia.com/article/tan-chong-steps-property-plans)

Tan Chong Motor Holdings Berhad is a major automotive conglomerate in Malaysia⁽¹⁾. They sell and distribute a wide range of motor vehicles, including:

- Nissan passenger and light commercial vehicles
- Renault vehicles
- UD Trucks and King Long trucks and buses
- Foton vehicles
- JMC vehicles
- Their proprietary TQ brand⁽¹⁾

They also assemble and manufacture vehicles for these brands in their plants in Malaysia and Indochina⁽¹⁾.

Are you interested in any specific brand or type of vehicle from Tan Chong?


Sources:
[1] Automotive - Tan Chong Motor Holdings Berhad (https://www.tanchonggroup.com/automotive/)

Tan Chong Land in Segambut, Malaysia, could be suitable for a data warehouse due to several key factors. When considering a location for a data warehouse, the following factors are important, and Tan Chong Land in Segambut may meet these criteria:

Proximity to Infrastructure: Segambut is strategically located near major highways and transportation hubs. This accessibility ensures that the data warehouse can easily receive and distribute necessary equipment, power, and networking infrastructure, which is crucial for the smooth operation of a data center.

Connectivity: Being close to Kuala Lumpur, Tan Chong Land benefits from excellent telecommunications and fiber optic infrastructure. A strong, reliable internet connection and low-latency networks are essential for data warehouses, especially if they support cloud services or handle large-scale data transfers.

Availability of Power: Data centers require significant amounts of electricity to power servers and cooling systems. Tan Chong Land may have access to stable and cost-effective power sources, which is crucial for running a data warehouse without interruptions.

Security and Safety: Segambut, being a semi-industrial area, may offer a good balance of security with limited risk from high-density urban environments, making it a safer location for sensitive operations like a data warehouse. Additionally, its proximity to Kuala Lumpur could provide easy access to emergency services.

Space Availability: Data warehouses require large, open spaces for both data storage and the technical infrastructure that supports the storage, such as server racks, cooling systems, and backup systems. Tan Chong Land may have suitable land size, which is a key factor in determining its appropriateness for data warehouse development.

Zoning and Land Use: Segambut has industrial zoning that could be well-suited for a data warehouse. The zoning would allow for the construction of large facilities, and the surrounding area may have existing infrastructure like roads, utilities, and support services required for a data center.

Cost-effectiveness: Being slightly outside the central business district of Kuala Lumpur, Segambut may offer relatively lower land prices compared to more central areas, which could make it a cost-effective location for building a large data warehouse.

Disaster Preparedness: Data centers need to be located in areas that are relatively safe from natural disasters such as flooding or earthquakes. Tan Chong Land in Segambut may be situated in an area with a lower risk of such disasters, which would help ensure continuous operation.

In summary, the suitability of Tan Chong Land in Segambut for a data warehouse would be based on its strategic location, accessibility, infrastructure availability, safety, space, and relatively cost-effective pricing.

Name: Tan Chong Motor Holdings Berhad
Ticker: TCHONG
Exchange: KLSE
Founded: 1957
Industry: Automobile Manufacturers
Sector: Automobiles
Market Cap: RM 273.692m
Shares Outstanding: 651.65m
Website: https://www.tanchonggroup.com

Top Shareholders
Top 24 shareholders own 86.36% of the company
Ownership Name Shares Current Value Change % Portfolio %
40.5%
Tan Chong Consolidated Sdn Bhd
263,828,240 RM 110.8m 0% no data
5.73%
Nissan Motor Co., Ltd.
37,333,324 RM 15.7m 0% no data
5.42%
Heng Tan
35,324,462 RM 14.8m 1.15% no data
4.78%
Employees Provident Fund of Malaysia
31,138,100 RM 13.1m -15% 0.01%
3.78%
Permodalan Nasional Berhad
24,609,100 RM 10.3m 0% 0.01%
3.08%
Han-Chuan Tan
20,100,600 RM 8.4m 0% no data
2.78%
Sew Ha Pang
18,108,058 RM 7.6m 0% no data
2.47%
Ching Ching Tan
16,088,900 RM 6.8m 0% no data
2.25%
Swee Khor
14,681,590 RM 6.2m 0.69% no data
2.1%
Boon Pun Tan
13,704,845 RM 5.8m 0% no data
1.95%
Hoe Tan
12,725,900 RM 5.3m 0% no data
1.85%
Beng Keong Tan
12,085,962 RM 5.1m 0% no data
1.85%
Chee Tan
12,085,962 RM 5.1m 0% no data
1.68%
Wealthmark Holdings Sdn Bhd
10,953,600 RM 4.6m 0% no data
1.39%
Ban Tan
9,031,929 RM 3.8m 0% no data
1.11%
UBS Asset Management AG
7,233,700 RM 3.0m 0% no data
0.97%
Key Development Sdn Bhd
6,334,400 RM 2.7m 0% no data
0.72%
Chinchoo Investment Sdn Bhd
4,705,000 RM 2.0m 0% no data
0.72%
Gan Teng Siew Realty Sdn Bhd
4,679,000 RM 2.0m 0% no data
0.56%
Standard Chartered Bank, Asset Management Arm
3,648,300 RM 1.5m 0% 0.04%
0.54%
Bank of Singapore Limited, Asset Management Arm
3,490,058 RM 1.5m 0% 0.03%
0.11%
Dimensional Fund Advisors LP
723,849 RM 304.0k -50.5% no data
0.023%
Mann Ng
150,000 RM 63.0k 0% no data
0.0031%
Wai Ho
20,000 RM 8.4k 0% no data

Ownership Breakdown
Public Companies 5.73%
37,333,324 shares
Institutions 10.9%
70,843,107 shares
General Public 13.6%
88,862,121 shares
Individual Insiders 25.2%
164,108,208 shares
Private Companies 44.6%
290,500,240 shares

CEO
Daniel Ho (53 yo)

4.9yrs

Tenure
RM 1,480,532

Compensation
Mr. Wai Ming Ho, also known as Daniel, serves as Group Chief Executive Officer at Tan Chong Motor Holdings Berhad since January 1, 2020 and was its Company Secretary since August 28, 2015 until March 16, 2022. Mr. Ho has been an Executive Director of Tan Chong Motor Holdings Bhd since March 22, 2013. Mr. Ho served as the Chief Financial Officer of Tan Chong Motor Holdings Bhd since January 1, 2015 until January 1, 2020.
Mr. Ho Heads the Group Tax Division and has been involved in various financial and corporate management functions within TCMH. He has experience in taxation, accounting and audit, business advisory and corporate restructuring activities. Mr. Ho is a Fellow of the Association of Chartered Certified Accountants (“ACCA”), a Member of the Malaysian Institute of Accountants (“MIA”) and a Member of the Chartered Tax Institute of Malaysia (“CTIM”). He is also a registered ASEAN Chartered Professional Accountant (“ACPA”).
Mr. Ho has experience in taxation, accounting and finance. He joined Tan Chong Motor Holdings Berhad Group as Senior Manager (Taxation) in September 2005 and rose to the position of Group Financial Controller since April 1, 2013. Before joining Tan Chong Motor Holdings Berhad, Mr. Ho was a Senior Consultant of PricewaterhouseCoopers Taxation Services Sdn Bhd.

Notable Dividend: TCHONG's dividend (4.76%) is higher than the bottom 25% of dividend payers in the MY market (1.97%).

Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TCHONG has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: TCHONG has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 29.9% each year

Short Term Liabilities: TCHONG's short term assets (MYR2.0B) exceed its short term liabilities (MYR1.8B).

Long Term Liabilities: TCHONG's short term assets (MYR2.0B) exceed its long term liabilities (MYR756.5M).

Key information
66.1%

Debt to equity ratio

RM 1.70b

Debt

Interest coverage ratio n/a
Cash RM 556.12m
Equity RM 2.57b
Total liabilities RM 2.54b
Total assets RM 5.11b

Financial Health criteria checks 4/6

Tan Chong Motor Holdings Berhad has a total shareholder equity of MYR2.6B and total debt of MYR1.7B, which brings its debt-to-equity ratio to 66.1%. Its total assets and total liabilities are MYR5.1B and MYR2.5B respectively.

Revenue vs Market: TCHONG's revenue (7.6% per year) is forecast to grow faster than the MY market (6.3% per year).

Price-To-Sales vs Peers: TCHONG is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.8x).

About the Company
Founded Employees CEO Website
1957 n/a Daniel Ho www.tanchonggroup.com
Tan Chong Motor Holdings Berhad, an investment holding company, engages in the assembly and distribution of motor and commercial vehicles in Malaysia, Vietnam, and internationally. It operates through three segments: Vehicles Assembly, Manufacturing, Distribution and After-Sales Services; Financial Services; and Other Operations. The company is involved in the assembly and manufacture of buses and trucks; import and distribution of commercial and passenger vehicle, and spare parts; and provision of automotive workshop services.

It also offers financial services, including personal loans, hire purchase financing, money lending, insurance agency, and leasing services. In addition, the company operates charging infrastructure and systems for electric vehicles; and provides employment agency, education, building facilities management, and after sales services for commercial vehicles. Further, it invests in properties; produces car alarm and other security systems, auto parts and modules, and accessories; and produces software products, as well as provides information technology (IT) solutions and services and integrating IT systems. Additionally, the company is involved in the merchandise and tractors trading activities; trading and distribution of automotive parts, lubricants, batteries, tyres, and accessories; distribution and leasing of motor vehicles; importation and distribution of motorcycles and components; development, operation, and trading of power from renewable energy projects, such as solar plants; and servicing, maintenance, and repair of various vehicles and machines.

Furthermore, it provides travel agency and transportation services; advertising and marketing; research and development; property investment; trust; security services; and pre-delivery inspection services, as well as operates as a used car service provider/dealer. The company was founded in 1957 and is based in Kuala Lumpur, Malaysia.

Rewards
Revenue is forecast to grow 7.57% per year

Trading at good value compared to peers and industry

RSI(14) Oversold 16.1
Stochastic(14) Oversold 15.4
Average Volume (3M) 680,000
Relative Volume 0.5

NTA 3.9300
P/B 0.10
RPS 329.65
PSR 0.12
Market Cap 275.5M
Shares (mil) 672.00

buy buy it is going to fly nonstop once announced. hehe

If observers are confident that Tan Chong Motor Holdings Bhd (TCMH) will eventually unlock the value of its landbank despite its deteriorating fortunes, several factors could contribute to this expectation. Here’s a professional justification for why this may be the case:

1. Strategic Landbank Ownership:
TCMH's landbank could be seen as a significant asset, with substantial undeveloped or underutilized land that has potential for high value appreciation, especially in prime locations. Land is typically a long-term asset that appreciates over time, and even during periods of economic downturn or business challenges, it remains a valuable resource. Given this, observers may believe that, in the long run, the company will unlock the value of its landbank when market conditions improve or when it faces pressure to improve its liquidity.

2. Real Estate Development as a Diversification Strategy:
As TCMH’s core automotive business faces challenges, the company may view its landbank as a strategic way to diversify its revenue streams. Land development could be a way to generate cash flow and offset losses in the automotive segment. In times of financial difficulty, companies often look to monetize non-core assets, such as real estate, to boost liquidity. Observers may be confident that TCMH will leverage its landbank for residential, commercial, or mixed-use projects, which could provide a much-needed financial boost.

3. External Demand for Real Estate Development:
Depending on the location of TCMH’s landbank, there could be strong external demand for real estate development. In urban areas with limited available land, the value of real estate can increase significantly, and companies with significant land holdings are often seen as having an inherent competitive advantage. Furthermore, government policies or incentives that favor urban development or real estate investment could push TCMH to unlock its landbank sooner rather than later.

4. Real Estate as a Safe Asset in Times of Economic Volatility:
Land and real estate are often seen as relatively safe and stable investments compared to more volatile sectors like automotive manufacturing. In periods of economic uncertainty or downturn, companies may be more inclined to pivot to land development as a more stable and potentially lucrative source of value. Even if TCMH is struggling in its core business, real estate could be viewed as a safe haven, providing long-term stability and growth.

5. Previous Precedents and Plans:
If TCMH has previously indicated plans or intentions to develop its landbank, either through press releases or strategic outlines, observers may have confidence that the company will ultimately unlock this value. In many cases, companies with significant landholdings often prepare for development over a long period, and the execution may be delayed due to market conditions. However, the underlying strategy may remain intact, leading to expectations that TCMH will eventually move forward with plans to utilize its land.

6. Pressure from Shareholders or Market Expectations:
In the face of declining business performance, shareholders may exert pressure on TCMH’s management to monetize the landbank to improve financial performance or to enhance shareholder value. If the company’s stock price is suffering or if there is an urgent need for capital, unlocking the land’s value could become a priority. Observers may be confident that the company will act on this external pressure to satisfy stakeholders and shore up financial stability.

Conclusion:
In summary, while TCMH’s automotive business may be facing challenges, the value of its landbank represents a significant untapped resource. Observers may be confident that the company will eventually unlock this value due to strategic land ownership, external real estate demand, the diversification potential of land development, and the pressure from shareholders. The timing of this may depend on various market factors, but the inherent value of the land is likely to drive TCMH towards realizing its full potential.

directors keep buying... its segambut land for data centres to be revealed kot? hehe
Announced Date Change Type Shares Name
18 Dec 2024 16 Dec 2024 Acquired 30,000 DATO' TAN HENG CHEW
18 Dec 2024 17 Dec 2024 Acquired 30,000 DATO' TAN HENG CHEW
18 Dec 2024 13 Dec 2024 Acquired 10,000 DATO' TAN HENG CHEW
28 Nov 2024 25 Nov 2024 Acquired 60,000 DATO' TAN HENG CHEW
28 Nov 2024 26 Nov 2024 Acquired 40,000 DATO' TAN HENG CHEW
23 Oct 2024 18 Oct 2024 Acquired 50,000 DATO' TAN HENG CHEW
23 Oct 2024 21 Oct 2024 Acquired 50,000 DATO' TAN HENG CHEW
23 Oct 2024 22 Oct 2024 Acquired 80,000 DATO' TAN HENG CHEW
18 Oct 2024 16 Oct 2024 Acquired 20,000 DATO' TAN HENG CHEW
18 Oct 2024 16 Oct 2024 Acquired 30,000 DATO' TAN HENG CHEW
18 Oct 2024 17 Oct 2024 Acquired 30,000 DATO' TAN HENG CHEW
10 Oct 2024 08 Oct 2024 Acquired 50,000 DATO' TAN HENG CHEW
10 Oct 2024 09 Oct 2024 Acquired 30,000 DATO' TAN HENG CHEW
07 Oct 2024 04 Oct 2024 Acquired 95,000 DATO' TAN HENG CHEW

https://nissan.com.my/v2/nissan-kicks/specifications/

Major shareholders:
Berjaya Corp. Bhd. 45.6%
Berjaya Food Bhd.
8.9%
Pembangunan Sumber Manusia Bhd.
4.4%

Major shareholders:
Tan Chong Consolidated Sdn. Bhd.
39.3%
Nissan Motor Co., Ltd.
5.6%
Employees Provident Fund
5.4%

A potential catalyst could be improved sales from new product
launches, including the All-New Nissan Kicks e-Power (slated for launch in
4Q24) and new contract assembly. TCM is expecting to start producing
vehicles in its Malaysia plant for Nissan’s export market, beginning in 4Q.

$$$$$$$$$ calculated risk ---> clear turnaround plan by management, value unlocking via liquidation of assets, and improving consumer sentiment.

In Malaysia, TCM is set to introduce the all-new Nissan Kicks e-Power, a B-segment SUV, in Dec-24. The vehicle is expected to be priced below RM130k, positioning it competitively in the hybrid SUV segment. Reportedly, TCM will begin exporting Malaysian-assembled vehicles to overseas markets for the first time in 4QFY24. In Vietnam, the Group expects the recent launch of the GAC M6 Pro (C-segment MPV), to boost sales volumes, with plans to transition to CKD assembly by 4QFY25.

$$$$$ call include: (i) consumers splurging more on discretionary spending (particularly big-ticket items like new cars as high inflation eases, (ii) more attractive new models for TCHONG that appeal to car buyers, and (iii) TCHONG monetising its strategic land bank or being privatised at a premium over the market price.

Price Target
A price target is an analyst's projection of a share's future price.

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

0.41

Avg Target Price

0.63

Upside/Downside

+0.22 (53.66%)

Why Tan Chong’s Share Price Below 50 Sen is a "Steal":
Significant Discount to Net Asset Value (NAV):

Share price of 50 sen is much lower than the NAV of RM3.93, indicating the market is undervaluing the company.
Offers potential for substantial capital appreciation if the market corrects this mispricing.
Strong Asset Base:

The company has significant tangible assets (e.g., real estate, inventory, cash) that provide a solid foundation for future growth.
Potential for unlocking hidden value if assets are better utilized or sold.
Potential for Asset Realization:

Tan Chong could sell or monetize assets, driving the stock price closer to NAV.
Could attract acquisition interest from larger players, which might lead to a premium offer for shareholders.
High Upside Potential:

Low share price limits downside risk, with significant upside potential if the market recognizes the true value.
Could attract value investors looking for stocks priced below intrinsic value.
Negative Market Sentiment vs. Actual Company Value:

Undervalued due to short-term challenges or low market confidence.
Market price may not reflect the underlying value, creating an opportunity for long-term investors.
Turnaround Potential:

Strategic initiatives, like partnerships (e.g., with Grab), cost-cutting measures, or business model shifts, could lead to growth.
Restructuring or recovery could drive a revaluation of the stock price.
Conclusion:
Tan Chong’s share price is deeply undervalued relative to its NAV, making it a "steal" for investors with potential for significant future returns.

net assets per share RM3.93; share price below 50sen, a steal

Why Grab Might Acquire a Stake in Tan Chong:
Strategic Control Over Fleet Supply:

Access to Vehicles: As Grab relies on a steady supply of vehicles for its ride-hailing drivers, acquiring a stake in Tan Chong would allow Grab to secure a more consistent supply of vehicles (particularly Nissan models) at favorable terms, potentially reducing costs.
Favorable Terms for Fleet Purchases: Grab could negotiate better pricing, leasing options, and bulk purchase discounts, as well as exclusive deals on future models or services, ensuring a steady flow of new vehicles to meet its growing fleet demands.
Long-Term Partnership:

Aligned Interests: By acquiring a stake in Tan Chong, Grab would cement a long-term partnership, ensuring that both companies are invested in each other's success. This could lead to stronger collaboration, particularly in areas such as fleet management, vehicle maintenance, and after-sales services.
Revenue Growth from Services: Grab could leverage its stake in Tan Chong to not only supply vehicles but also to engage in joint ventures related to maintenance, insurance, and leasing services for Grab's drivers, creating a new stream of revenue for both companies.
Expanding into EVs and Sustainability:

Electric Vehicles: Grab is increasingly focused on electric vehicles (EVs) as part of its sustainability efforts. If Tan Chong has an electric vehicle offering, this could be a strong incentive for Grab to acquire a stake, ensuring a direct channel for EV supply.
Sustainable Mobility: An investment in Tan Chong could help Grab accelerate its transition to a more sustainable and green fleet, as the automotive sector is moving towards EVs. Grab would have more control over vehicle offerings that align with both regulatory pressures and consumer demand for eco-friendly transportation.
Potential Cost Savings:

Supply Chain Control: Grab could streamline its supply chain by having a direct stake in Tan Chong, reducing reliance on third-party vehicle suppliers and distributors. This could lead to cost efficiencies, better fleet management, and improved vehicle availability.
Shared Technology and Innovation: A partnership might allow Grab and Tan Chong to share technology, such as in-car connectivity, fleet management systems, and driver-focused features. This could create a more integrated and efficient service for Grab drivers.
Value Proposition from Tan Chong’s Position:

Undervalued Stock: If Tan Chong's stock price has bottomed out, Grab may see this as an opportunity to acquire a stake at a favorable price. This could be a relatively low-risk investment if Grab sees potential in Tan Chong’s long-term growth once the market conditions improve or the company’s strategic alignment with Grab strengthens.
Market Influence: As a major player in Southeast Asia, Grab’s involvement in Tan Chong could also lead to increased market visibility and a potential rebound in Tan Chong’s share price, which could benefit Grab as a shareholder.
Access to Data and Insights:

Customer and Usage Data: Grab’s vast user base could provide Tan Chong with valuable insights into driving patterns, vehicle preferences, and maintenance needs. This data could help Tan Chong improve its product offerings, tailor its vehicles for the ride-hailing market, and improve operational efficiencies.
How This Could Benefit Both Companies:
Tan Chong: The stake acquisition by Grab would provide Tan Chong with additional capital, boost investor confidence, and potentially stabilize its share price. It could also accelerate Tan Chong’s shift towards electric and autonomous vehicles and expand its presence in the ride-hailing ecosystem.

Grab: By acquiring a stake in Tan Chong, Grab would gain more control over its vehicle supply, enhance its fleet management capabilities, and reduce reliance on external suppliers. It could also benefit from Tan Chong’s manufacturing expertise and the ability to secure vehicles at more favorable terms.

Possible Challenges:
Regulatory Approval: Depending on the size of the stake Grab seeks to acquire, regulatory approval might be needed, especially if it raises concerns about competition in the automotive or ride-hailing sectors.
Integration: Integrating Tan Chong’s operations with Grab’s requirements could take time and resources. Ensuring alignment in goals, especially with respect to product offerings (like EVs), would require careful planning.
Conclusion:
If Tan Chong's share price continues to bottom out, a stake acquisition by Grab could be a mutually beneficial move. Grab would secure a reliable vehicle supply and expand its sustainable fleet, while Tan Chong would gain a long-term partner with access to a vast market and data insights. This partnership could help stabilize Tan Chong's financial situation, improve its stock price, and create new revenue streams for both companies.

Tan Chong Motor's alliance with Grab could also play a significant role in boosting its position and share price. Here’s how the partnership with Grab could be beneficial:

Benefits of Tan Chong’s Alliance with Grab:
Increased Vehicle Demand:

Fleet Supply: Grab is a leading ride-hailing service in Southeast Asia, and a partnership with Tan Chong could provide Grab with a steady supply of vehicles (especially Nissan models) for its drivers. This would boost Tan Chong's sales volume and visibility in the ride-hailing market.
Expansion into EVs: If the alliance includes the supply of electric vehicles (EVs) to Grab drivers, Tan Chong could tap into the growing demand for environmentally friendly transportation options, driving growth.
Long-Term Revenue Stream:

Fleet Services: If the partnership includes after-sales services, fleet maintenance, and leasing agreements, it could provide Tan Chong with a consistent, long-term revenue stream. As Grab drivers require vehicle upkeep, Tan Chong could generate steady income from servicing its fleet.
Partnership with Local Businesses: Grab's large network of drivers and local businesses could offer Tan Chong an expanded customer base, leading to higher sales of vehicles, parts, and services.
Market Differentiation:

Innovation and Technology: The partnership could create opportunities for Tan Chong to explore technological innovations, such as integrating vehicles with Grab’s platform for better connectivity or even introducing smart features tailored to the needs of ride-hailing drivers.
Brand Visibility: A strategic alliance with Grab could boost Tan Chong’s visibility and reputation, especially among urban consumers, as Grab is widely recognized and used. This could result in higher brand recognition and sales.
Access to Data and Insights:

Customer Insights: Through Grab's data, Tan Chong could gain valuable insights into customer preferences, driving patterns, and vehicle usage. This data could help Tan Chong improve its offerings, design better vehicles, and tailor marketing strategies to suit the evolving needs of the ride-hailing market.
Efficient Fleet Management: Grab's vast network could help Tan Chong optimize vehicle production, distribution, and maintenance strategies, ensuring that it meets demand more effectively.
Alignment with Future Trends:

Ride-Hailing Growth: The ride-hailing market is growing in Southeast Asia, and aligning with Grab allows Tan Chong to tap into this expanding market. As Grab’s demand for vehicles and services grows, Tan Chong stands to benefit.
Sustainability Focus: If Tan Chong provides electric or hybrid vehicles to Grab’s fleet, it could position itself as a leader in sustainable mobility, catering to the increasing demand for green transportation options.
Conclusion:
The alliance between Tan Chong and Grab is highly strategic, as it allows Tan Chong to capitalize on the growing ride-hailing market. This partnership could drive increased vehicle sales, offer long-term revenue opportunities through fleet services, boost brand visibility, and position Tan Chong as an innovator in the green and sustainable mobility space. All of these factors could contribute to a stronger market position and potential rebound in Tan Chong's share price.