RHB Research remains cautious over the domestic auto market outlook

The assigned rating incorporates TCMH’s established presence in the domestic automotive industry through its longstanding collaboration with Japan-based Nissan Motor Co Ltd, its consistently low-to-moderate leverage position and potential growth from its expansion into the Indochina region.

KUALA LUMPUR: While Tan Chong Motor Holdings Bhd’s management expects momentum to continue into 1HFY22 following the normalisation of sales and production in 4QFY21, RHB remains cautious over the domestic market outlook.

It said this was owing to the attractive vehicle models available from competitors in the mass market segment.