Soft demand forecast to affect Tan Chong

Maybank IB Research expects Tan Chong’s local vehicle sales to remain low.

PETALING JAYA: Tan Chong Motor Holdings Bhd’s earnings are expected to remain soft in the quarters ahead, due to weaker demand for its model line-ups and rollouts.

Maybank Investment Bank (Maybank IB) Research said the market response for its Malaysian vehicle sales was underwhelming, with a decline of 33% year-on-year (y-o-y).