KUALA LUMPUR: AmResearch has reaffirmed its high conviction Buy on Tan Chong Motor
(TCM) with an unchanged fair value of RM6.40 a share after it released its fourth quarter results for the period ended Dec 31, 2012.
It said on Thursday that FY12 earnings came in-line with expectations. Core earnings were at RM50mil for Q4, 2012, which brought FY12 earnings to RM158mil, accounting for 98% of its estimate and 100% of consensus.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
