Bursa Malaysia Stock Watch

This site provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.

Wednesday, March 7, 2012

Tan Chong Motor: Maintain Sell - Assembly agreement with TC Subaru

Good for plant utilisation but Neutral to earnings. TCM's contract assembly works for the Subaru marque, catering for the ASEAN market, will lift its Segambut plant utilisation from 2013 onwards but will only contribute marginally to earnings, we estimate. Maintain Sell, with an unchanged TP of 4.00, based on 8x 2013 PER.

Maybank Research 7 March 2012

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Bursa Malaysia Stock Watch

Wednesday, March 7, 2012

Tan Chong Motor: Maintain Sell - Assembly agreement with TC Subaru

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