However, Bloomberg data showed that the majority of analysts are still neutral as there are six
PETALING JAYA: Tan Chong Motor Holdings Bhd
, the laggard among auto stocks, is regaining investor interest on the back of a potential turnaround in earnings.
The distributor of Nissan vehicles had slipped into the red in financial year 2016 (FY16) because of intense competition and a loss in market share from a freeze in new launches. Adding on to its woes were a weak ringgit and heavy discounting to clear off old inventories.
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