I think mostly are due some major project coming in.. we can see chua and his wife keep accumulating from the beginning. no doubt, something is brewing and can keep some in this counter for a risk investment =)
Tan Chong Motor Holdings Berhad (TCMH) was incorporated in Malaysia on 14 October 1972. From its humble beginning as the distributor of small motor vehicles back in the 1950s, TCMH Group (the Group) is today one of the largest national conglomerates involved in a myriad of business activities; from the assembly and marketing of motor vehicles and auto parts manufacturing to property development as well as trading in various heavy machineries, industrial equipment and consumer products - both locally and abroad.
As part of a restructuring exercise to strengthen our foothold as an industry major player; in 1998 various business interests of TCMH abroad were eventually demerged and subsequently listed on The Stock Exchange of Hong Kong Limited under the Tan Chong International Limited flagship. This was followed by the demerger of its automotive parts division, non-motor division involving cosmetics, undergarments, and the distribution of heavy machinery as well as tourism-related businesses; which was subsequently listed on the Main Board of Bursa Malaysia Berhad in 1999 under APM Automotive Holdings Berhad and Warisan TC Holdings Berhad respectively. These exercises have enabled the Group to realign its focus on motor industry business.
TCMH is basically an investment holding company and the Group’s current principal activities among others are; assembly and distribution of motor vehicles, provision of after-sales services and motor related financial services such as hire purchase, an insurance agency, and leasing.
On top of that, the Group is the franchise holder and exclusive distributor of Nissan passenger and light commercial vehicles as well as Renault vehicles in Malaysia, with 98 sales branches and authorized dealership outlets nationwide; supported by 91 after-sales service centres. In addition, we are also the franchise holder and exclusive distributor for trucks and buses under the UD Trucks and Silverbus brands, with 12 sales centres and 16 sales dealers, supported by 10 after-sales service centres and 36 authorised service dealers; with a market share of 15% for heavy commercial vehicles (HCV), 8% for light commercial vehicles (LCV) and 33% for buses, thus establishing us as one of the leading commercial vehicle distributors in Malaysia.
The two assembly plants in Segambut (Kuala Lumpur) and Serendah (Selangor) have very close capacity; both plants together can deliver 100,000 units a year with additional shift and reasonable overtime; the Group’s vehicles sales enjoyed a market share of 11.93% for non-national cars and 5.21% for the industry-wide market as of September 2012.
Having served Malaysian consumers for over three decades, we at the TCMH Group have since spread our wings globally. Beginning in 2005, the Group had made significant inroads into the overseas market by expanding our automotive business operations overseas with the assembly of bus chassis and sale of buses in Vietnam, besides the provision of automotive workshop services in Cambodia and Thailand. And in December 2009, we successfully obtained an Investment Certificate from the Danang Industrial and Export Processing Zones Authority, Vietnam to undertake the manufacturing, assembly and sale of buses, trucks and passenger cars, as well as provision of after-sales services and sale of spare parts. For this purpose, the Group has leased a piece of industrial land in Danang City, Vietnam. A year later, TCMH Group entered into Distribution Agreements with Nissan Motor Co, Ltd in March 2010 that granted us the sole and exclusive rights to distribute completely built-up (CBU) Nissan brand vehicles for the Cambodia and Laos markets.
Whilst in October 2010, the Group successfully acquired 74% charter capital in Nissan Vietnam Co., Ltd (NVL) with the remaining 26% held by Nissan Motor Co., Ltd. NVL is principally involved in the importation and distribution of Nissan vehicles in Vietnam.
In December 2010, Tan Chong Motorcycles (Laos) Co Ltd, a wholly-owned subsidiary was established in the Savan-Seno Special Economic Zone in Lao PDR that allows the Group to undertake the assembly, sale and distribution of SYM (Sanyang Industry Co.Ltd) motorcycles.
actually can realized within a few days time someone will accumulate lot shares on 0.09 then stopped it. keep accumulating but avoid to goreng and let the price up...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ripthatoff
48 posts
Posted by ripthatoff > 2014-03-17 16:45 | Report Abuse
Why ppl dumping at 0.085