February 24, 2011

TCHONG - Tan Chong raised to 'buy' at Maybank

Stock Name: TCHONG
Company Name: TAN CHONG MOTOR HOLDINGS BHD
Research House: MAYBANK

Tan Chong Motor Holdings Bhd., a Malaysian automotive assembler, was upgraded to “buy” from “hold” at Maybank Investment Bank Bhd. to reflect its growth prospects.

The share price estimate was increased to 5.75 ringgit from 5 ringgit, Wong Chew Hann, an analyst at Maybank, wrote in a report today. - Bloomberg

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