KUALA LUMPUR: CIMB Equities Research sees huge upside for Tan Chong Motor
(TCM) following its first mover advantage in Myanmar and existing footprint in Indochina, based on other Indochina and Myanmar auto plays.
The research house said on Wednesday TCM will invest US$50mil in the first Nissan assembly plant in Myanmar. The plant will be similar to TCM’s Vietnam plant, with annual capacity of 10,000 units and breakeven point of 5,000 units.
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