May 19, 2011

TCHONG - Tan Chong Motor a 'sell' at Maybank

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

Tan Chong Motor Holdings Bhd was cut to “sell” from “buy” at Maybank Investment Bank Bhd after the Malaysian vehicle assembler announced first-quarter earnings that were below expectations.

The share price estimate was reduced to RM4 from RM5.75, Wong Chew Hann, a Kuala Lumpur-based analyst at Maybank, wrote in a report today. -- Bloomberg

No comments:

Post a Comment