Stock Name: TCHONG
Company Name: TAN CHONG MOTOR HOLDINGS BHD
Target RM4.60
Tan Chong's appointment as a contract assembler for Subaru is a good low-risk strategy to help optimise its production facilities. An assumption of RM30m in total assembly and localisation charges from this deal would push up our FY13 net profit projection by c.5%.
Source: CIMB Day Break 07 March 2012, Full PDF Report
Company Name: TAN CHONG MOTOR HOLDINGS BHD
| Research House: CIMB | Price Call: HOLD | Target Price: 4.60 |
Target RM4.60
Tan Chong's appointment as a contract assembler for Subaru is a good low-risk strategy to help optimise its production facilities. An assumption of RM30m in total assembly and localisation charges from this deal would push up our FY13 net profit projection by c.5%.
Source: CIMB Day Break 07 March 2012, Full PDF Report
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