Report
EUR 13.77 For Business Accounts Only

TAN CHONG MOTOR HOLDINGS receives a double requalification that leads to a downgrade to Neutral

TAN CHONG MOTOR HOLDINGS (MY), a company active in the Automobiles industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as moderately risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. As of the analysis date November 26, 2021, the closing price was MYR 1.13 and its expected value was estimated at MYR 1.16.
Underlying
Tan Chong Motor Holdings Bhd

Tan Chong Motor Holdings is an investment holding company. Through its subsidiaries, Co. operates in the following divisions: vehicles assembly, manufacturing, distribution and after sale services, consisting of business in assembly and distribution of passenger and commercial vehicles, automotive workshop services, distribution of automotive spare parts and manufacturing of automotive parts; financial services, consisting of business in provision of hire purchase financing personal loans and insurance agency; and other operations, consisting of business in property and investment holding activities.

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