February 27, 2012

Tan Chong Motor Holdings - Still on soft ground



Target RM4.35


Prolonged supply shortages and higher costs from its regional expansion put Tan Chong in a jam in FY11. While the worst is over, there are still roadblocks ahead in the form of cost pressure and tighter credit.


Source: CIMB Daybreak February 27, 2012 FULL PDF Report

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