PETALING JAYA: Analysts are turning cautious on Tan Chong Motor Holdings Bhd
’s prospects, given the group’s subdued results for the financial year 2024 (FY24) dragged by a weak sales volume and margins.
The group’s sales volume was hit by competitive markets with aggressive launches by various original equipment manufacturers (OEMs) and lack of new attractive models. Its margins also were affected by rising raw material and operating costs.
