Kenanga Research said that Tan Chong’s plants in Segambut and Serendah are running well below potential.
KUALA LUMPUR: Automotive company Tan Chong Motor Holdings Bhd
is expected to remain in the red over the next two years, weighed down by persistently low plant utilisation and stiff competition in the automotive sector, analysts say.
Kenanga Research, following a meeting with the company, said that Tan Chong’s plants in Segambut and Serendah are running well below potential.
