Tan Chong Motor Holdings (TCM) will see a favourable fourth quarter following mixed sales, expecially a volume and margin boost, from the launch of the all-new Nissan Teana tommorow, says OSK Research.
Tan Chong Motor Holdings (TCM) will see a favourable fourth quarter following mixed sales, expecially a volume and margin boost, from the launch of the all-new Nissan Teana tommorow, says OSK Research.
"We continue to remain optimistic of TCM's prospects and see a positive growth in volume and earnings," it said in its research note today.
"As the TCM plants in both Vietnam and Kota Kinabalu, which would produce a CKD Navara, are also expected to be operational by then, we remain bullish on the company's outlook.
"In Sabah, TCM is expected to post commendable margins by taking advantage of Indonesia's lower effective excise duty and tax rate of 20 per cent on its pick-ups and the higher selling prices there," OSK said.-- Bernama
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