CIMB Equities Research has upgraded Tan Chong Motor Holdings (TCM) to Add with a higher target price of RM2.
PETALING JAYA: Tan Chong Motor Holdings Bhd
(TCM), which recently returned to the black, is expected to continue generating profits for the remainder of the year from new model launches and increased car prices with the reintroduction of the sales and service tax (SST).
CGSCIMB said it is cautiously optimistic about the second half 2018 outlook for TCM.
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