Tan Chong prospects in Vietnam brighten


Kenanga Research said it is cautious on Tan Chong’s prospects.

PETALING JAYA: The right to distribute GAC Motor International Co Ltd’s vehicles in Vietnam secured by Tan Chong Motor Holdings Bhd will help to fill the gap left by the termination of its MG vehicle distributorship in that country in June last year, says Kenanga Research.

The exclusive three-year agreement of distribution and service with GAC will see Tan Chong importing, distributing and selling GAC vehicles and spare parts, as well as provide after-sales services for GAC vehicles in Vietnam.

5.5 PAYDAY OFFER: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Japan's Nikkei rises on tech rally, stronger yen lifts JGBs
Indonesia to cut ride-hailing companies' maximum commission taken from drivers to 8%
Take Five: Sell in May? Let's find out
Asia shares find hope in tech resilience, oil off peak
SME Corp empowers digitalisation, automation of MSMEs
Yayasan Peneraju fast-tracks SPM leavers into chartered accountancy
ANZ says Australia likely to avoid recession; flags prolonged impact of Middle East war
Japan's factory activity growth hits 4-year high on stockpiling, PMI shows
South Korean April exports rise 48.0% y/y as chip boom extends
Japan warns yen speculators it stands ready to intervene again

Others Also Read