PETALING JAYA: With the challenges it is facing expected to persist, Tan Chong Motor Holdings Bhd
has been downgraded to a “sell” rating by Maybank Investment Bank Research (Maybank IB Research).
The research house expects the automotive group to record losses for this financial year (FY25) despite its return to the black with a RM4.14mil net profit in the first quarter of financial year ended March 31 (1Q25).
