Good123

one of many ways to fly :)

TCHONG monetising its strategic land bank or being privatised at a premium over the market price.

1 month ago

Good123

The Sales and Distribution division of Tan Chong Motor Holdings Berhad (TCMH) is integral to its operational success, market presence, and long-term sustainability. With customer touchpoints strategically designed to drive revenue, we also align with the Group's strategic objectives, enhancing its competitive positioning in the automotive industry.

Nissan
Edaran Tan Chong Motor Sdn Bhd (ETCM), a wholly-owned subsidiary of TCMH, serves as the sales and marketing arm for Nissan vehicles in Malaysia. With nearly 70 years of service in the nation, ETCM offers a diverse range of vehicles, including the B-Sedan, Multi-Purpose Vehicle, premium SUVs, Pick-ups, Light Commercial Vehicles, and 100% electric models. The Nissan Retail Concept drives ongoing refurbishment of showrooms and service centers, ensuring optimal customer experience. Through the Nissan Subscription Programme, customers can enjoy Nissan's offerings without the commitment of ownership.

ETCM also serves as the exclusive distributor for Nissan in Laos, Cambodia, and Myanmar.

Renault
TC Euro Cars Sdn Bhd (TCEC) is the sole distributor of Renault vehicles in Malaysia, introducing innovative models such as the zero-emissions Renault Zoe. As the first OEM to offer car subscription services and a fully digitalized platform, TCEC leads the car subscription market in Malaysia through initiatives like the Renault Subscription and Renault E-Store.

Commercial Vehicles
Truckquip Sdn Bhd, a subsidiary of TCMH, provides technical support, spare parts, and contract assembly services for buses and trucks. Certified with ISO 9001 and ISO 14001, Truckquip manufactures its own TQ-branded buses and works with major commercial vehicle brands in both local and regional markets.

Tan Chong Industrial Equipment Sdn Bhd (TCIE) is a key player in distributing UD Trucks, offering a range of heavy-duty, medium-duty, and light-duty trucks, including Euro 5 models for enhanced environmental and fuel efficiency.

International Expansion
TCIE Vietnam Pte Ltd, the Group's first overseas vehicle assembly plant, significantly boosted its capacity in 2023 with the launch of the TQ Wuling N300P light commercial truck. This collaboration between Malaysia’s TQ and China’s SGMW marks a key milestone in TCMH’s expansion into Southeast Asia.

King Long and Other Brands
TC Truck Sales Sdn Bhd (TCTS) is the exclusive distributor for King Long coaches and buses in Malaysia, ensuring a high standard of comfort, safety, and innovation with robust after-sales support.

TC Motor Vietnam Co Ltd (TCMV) distributes and provides after-sales services for King Long buses in Vietnam.

New Ventures
WariTan Automobile Sdn Bhd (WariTan) became the 3S Super Dealer for GAC and AION motor vehicles in Malaysia in August 2024. TCSV, a subsidiary in Vietnam, also signed an agreement to distribute and support GAC vehicles, continuing the Group's strong automotive presence in the region.

Each subsidiary and brand within TCMH's sales and distribution network plays a vital role in the Group’s overarching strategy to ensure continued growth, customer satisfaction, and industry leadership.

1 month ago

Good123

Tan Chong's restructuring efforts are likely to be multifaceted, addressing operational, strategic, financial, and technological areas to ensure the company remains competitive in an evolving automotive landscape. These efforts are in line with the broader trend of restructuring in many large, traditional automotive firms as they respond to new challenges and opportunities, particularly in the areas of electric vehicles, digital transformation, and global market diversification.

1 month ago

Good123

Tan Chong Motor Holdings Berhad (TCMH), a major automotive company in Malaysia, has undergone various restructuring efforts over the years to adapt to changing market conditions and improve operational efficiency. These restructuring initiatives are typically driven by the need to respond to market dynamics, operational inefficiencies, financial performance concerns, and to strategically position the company for future growth.

While specific details of Tan Chong's restructuring initiatives may evolve, some common approaches and types of restructuring that companies like Tan Chong might pursue include:

1. Corporate Restructuring
Asset Reallocation: Shifting or selling non-core assets to focus on more profitable or strategic areas, such as its core automotive and distribution business.
Debt Restructuring: Refinancing or renegotiating debt to improve financial stability or to reduce interest expenses.
Divestment of Non-Essential Businesses: Selling off subsidiaries or units that are not aligned with the core business, potentially generating cash and improving overall financial health.
2. Operational Restructuring
Cost-Cutting Measures: Reducing overhead, streamlining operations, and improving supply chain efficiency to boost profitability.
Optimizing Workforce: Reorganizing the workforce to reduce redundancies and improve efficiency, often through downsizing or re-skilling employees.
Digitization and Automation: Implementing new technologies and automation processes to reduce costs and increase efficiency in manufacturing, distribution, and customer service.
3. Strategic Restructuring
Partnerships and Joint Ventures: Collaborating with other companies, either through strategic partnerships or joint ventures, to leverage mutual strengths. Tan Chong has historically partnered with manufacturers such as Nissan.
New Market Penetration: Expanding into new geographical markets or business segments to diversify revenue streams. Tan Chong has expanded its market presence beyond Malaysia to countries like Vietnam, Thailand, and the Philippines.
Diversification: Exploring new business lines that are complementary to the automotive business, such as electric vehicles (EVs), automotive parts, or other related ventures.
4. Financial Restructuring
Capital Injection or Equity Raising: Bringing in fresh capital either through private placements, public offerings, or seeking new investors.
Public-Private Partnerships (PPP): Engaging in collaborations with government bodies for infrastructure projects, particularly in the automotive and transportation sectors.
5. Product Portfolio Restructuring
Focusing on High-Demand Segments: Shifting focus to more profitable and in-demand products such as electric vehicles, luxury cars, or high-performance models.
Improved Marketing and Sales Channels: Redefining the company’s approach to marketing, sales, and customer engagement, potentially through digital channels or new retail strategies.
Key Developments in Tan Chong's Restructuring (Based on Previous Trends):
Electric Vehicle (EV) Strategy: Like many automakers, Tan Chong has likely been considering how to transition into the EV market. Such moves are part of a broader strategy to capture a share of the rapidly growing electric vehicle market.

Financial Turnaround Efforts: Tan Chong has been undergoing financial restructuring to improve its balance sheet and profitability, which includes cutting costs, focusing on high-margin business units, and improving asset utilization.

Digital Transformation: As part of its restructuring, Tan Chong could be looking at improving digital sales channels and customer engagement, focusing on online retailing for cars and parts, and enhancing after-sales services through technology.

1 month ago

Good123

Tan Chong Motor Holdings Bhd’s decision to shift its Segambut assembly plant operations to somewhere and explore its first property development venture by redeveloping the Segambut land can be justified from several perspectives, particularly given the evolving market conditions, the strategic location of the land, and the diversification potential that property development offers. Here are the key reasons why Tan Chong should proceed with this plan now:

1. Strategic Location of the Segambut Land
The Segambut land, estimated at 47 acres (18.8 hectares) and priceless, is strategically located in Kuala Lumpur. The area is in close proximity to the KLCC (Kuala Lumpur City Centre) and other key parts of the city, making it highly attractive for property developers. As the demand for prime land near city centers increases, developers are increasingly looking to the outskirts for available plots. By capitalizing on this opportunity, Tan Chong could unlock significant value from this prime piece of real estate.

The potential gross development value (GDV) of the property is said to run into billions of ringgit, a strong indicator of the substantial financial return that could be generated from a successful development.

2. Diversification into Property Development
Tan Chong’s core business has historically been the assembly and distribution of Nissan and Renault vehicles. While the automotive industry remains important, the diversification into property development can help the company reduce its reliance on one sector, particularly in an environment where the automotive market is facing uncertainties and challenges (e.g., supply chain issues, changing consumer preferences, competition from electric vehicles, etc.).

By moving into property development, Tan Chong can tap into a new revenue stream, helping to buffer against potential volatility in the automotive industry. It is a natural progression for a large corporation like Tan Chong to diversify its interests to ensure long-term growth and sustainability.

3. Synergy with Existing Assets and Operations
The shift of Tan Chong’s assembly plant operations from Segambut to Shah Alam will free up the valuable Segambut land for redevelopment. The move to Shah Alam can help improve operational efficiency by consolidating its manufacturing activities into fewer locations. Moreover, the land release will provide an opportunity to extract maximum value from the Segambut property, which could then be used for residential, commercial, or mixed-use developments. A condominium with a retail center, for instance, would not only serve as a profitable development but could also contribute to urban regeneration, injecting vitality into the area and attracting a population base that could support local businesses.

4. Favorable Market Conditions
The lack of prime land around KLCC and the increasing trend of developers moving toward peripheral areas makes the Segambut location particularly attractive. Real estate experts, like MIDF’s analyst Michael Seow, have noted that many developers are eyeing the area due to its proximity to the city center. The demand for residential and commercial properties in the outskirts of Kuala Lumpur is growing, particularly as city center land becomes scarcer and more expensive. Tan Chong’s land in Segambut, with its central location and potential for mixed-use development, is well-positioned to benefit from this trend.

5. Partnership Opportunities
Tan Chong could explore joint ventures with established property developers like Mah Sing Bhd, as suggested by analysts. By partnering with a developer with a proven track record, Tan Chong could leverage the developer’s expertise, especially in quick land turnaround

1 month ago

Good123

ETCM EXTENDS EARLY BIRD OFFER FOR NISSAN KICKS e-POWER AS DEMAND SURGES – FOR THE FIRST 1,000 BOOKINGS!
19 December 2024
TAN CHONG MOTOR ACHIEVES NEW MILESTONE WITH FIRST EXPORT OF LOCALLY ASSEMBLED NISSAN VEHICLES TO THAILAND
4 December 2024
Nissan Kicks Off Electrification Journey in Malaysia with the All-New Nissan KICKS e-POWER
4 December 2024
Nissan Brings Visionary Hyper Tourer to KLIMS 2024
3 December 2024
MALAYSIAN MEDIA PUTS THE ALL-NEW NISSAN KICKS e-POWER TO THE TEST
22 November 2024

1 month ago

Good123

Tchong wont die; tanah segambut priceless, harga kini billion dah.

1 month ago

Good123

tchong punya car assembly plant antara yg terbaik. Many car manufacturers would like to acquire tchong if they want to cash out. moreover, ada tanah berharga dan lain2 biz dan aset yg baik. NBV ~ RM4, korang pergi check pls

1 month ago

Good123

after honda-nissan merger, tchong can help drb to assemble honda cars, drb assembly plants to assemble for geely, volvo, proton, dll. more synergy sooner or later

1 month ago

Good123

tchong can close some outlets in ulu locations and cash out from selling the shoplots, etc

1 month ago

Good123

tchong can take the opportunity to digitalise further and cut headcount like samsung, etc

1 month ago

Good123

😍the potential benefits of a Honda-Nissan merger for Tan Chong in Malaysia:

Enhanced Product Lineup:

Access to a broader range of vehicles from both Honda and Nissan, meeting diverse consumer needs.
Ability to offer advanced technologies like EVs, hybrids, and autonomous features from both brands.
Improved Supply Chain and Cost Efficiency:

Economies of scale leading to reduced manufacturing and distribution costs.
More stable and cost-effective supply of spare parts and components, improving aftersales service.
Expanded Dealership Network:

Increased dealership presence across Malaysia, reaching both urban and rural areas.
Stronger brand recognition with two major automotive brands under one umbrella.
Access to Electric and Hybrid Vehicles:

Availability of both Honda and Nissan EVs and hybrids to meet rising demand in Malaysia.
Potential for local EV production, making vehicles more affordable and accessible.
Stronger R&D Capabilities:

Increased investment in innovative automotive technologies, benefiting Tan Chong’s product offerings.
Access to cutting-edge features like improved fuel efficiency and advanced safety systems.
Stronger After-Sales and Service Network:

Expanded service offerings for both Honda and Nissan vehicles, enhancing customer satisfaction.
Increased service revenue from a wider customer base.
Government Support and Incentives:

Access to government incentives for eco-friendly vehicles, boosting sales of hybrids and EVs.
Opportunities to tap into Malaysia’s push to become a regional EV hub.
In summary, the merger would provide Tan Chong with more vehicle options, better cost efficiencies, and the ability to compete in Malaysia's evolving automotive market, especially in the EV and hybrid segments.

1 month ago

Good123

· 6d
Honda-Nissan merger driven by China threat


· 2d
Honda, Nissan, Mitsubishi Merge To Become World's 3rd Biggest Car Manufacturer

1 month ago

Good123

Honda-Nissan merger talks to start as early as next week
TOKYO -- Honda Motor and Nissan Motor will begin merger talks as early as Monday as the two automakers seek to create a group that can rival Japanese leader Toyota Motor in capital-intensive ...

Paul Tan11d
Honda and Nissan to start merger talks, in hope to compete with Toyota, Tesla and Chinese EV brands
Japanese automakers Honda and Nissan are set to enter into talks for a merger, Nikkei Asia has reported. This could ...

KUNM3d
Honda and Nissan consider a merger.

1 month ago

Good123

summary of how a Honda-Nissan merger, DRB assembling Geely/Proton/Volvo, and Tan Chong assembling Honda/Nissan could create a "win-win" scenario:

1. Enhanced Production Capacity and Diversification
DRB (Geely/Proton/Volvo):
Assembles multiple brands, increasing production efficiency and product diversification.
Serves a wide range of consumers (affordable to premium vehicles).
Tan Chong (Honda/Nissan):
Assembles a broader range of Honda and Nissan models, offering greater variety and meeting diverse consumer needs.
2. Synergistic Benefits and Cost Efficiencies
Shared Manufacturing Resources:
Both companies can share facilities, reducing costs and increasing operational efficiency.
Pooled R&D:
Shared research on hybrid, EV, and other technologies leads to innovative and cost-effective solutions.
3. Expanded Product Portfolio and Market Reach
Tan Chong:
Gains access to a broader range of Honda and Nissan vehicles, including advanced EV and hybrid models.
DRB:
Assembles models from Geely, Proton, and Volvo, capturing a larger share of the market across price points.
4. Increased Local Content and National Benefit
Job Creation and Economic Growth:
Boosts local employment and contributes to Malaysia’s economic development.
Local Assembly Advantage:
Reduces dependency on imports, positioning Malaysia as a regional automotive hub.
5. Improved Dealership and Service Networks
Shared Infrastructure:
Combined dealerships and service centers lead to more efficient operations and better aftersales support.
6. Stronger Negotiating Power
Improved Supplier Relationships:
Larger scale of operations provides stronger negotiating power with suppliers, leading to lower production costs.
7. Focus on Eco-Friendly Vehicles
Growing Demand for EVs and Hybrids:
Tan Chong and DRB can benefit from increased focus on green technology and government incentives for eco-friendly vehicles.
Conclusion: A Win-Win
Tan Chong and DRB benefit from shared resources, cost savings, and a wider product portfolio.
Stronger market competitiveness and leadership in eco-friendly vehicles.
Local economic growth, job creation, and technological advancement.
This collaboration would optimize production processes, reduce costs, expand market reach, and position both companies as leaders in the Malaysian automotive industry.

1 month ago

Good123

many china manufacturers are interested in Tchong's car assembling plants in ASEAN countries... i think, the founders of tchong can make a killing if they wanted to exit

1 month ago

Good123

tchong, priceless assets - segambut land & several car assembly factories in ASEAN countries

1 month ago

Good123

many car sales & repair outlets throughout malaysia - easily used for other car brands as well

1 month ago

Good123

Tchong started exporting assembled nissan cars from malaysia to thailand too.. read well ya

1 month ago

Good123

the old founders of tchong have been buying tchong shares... maybe they will cash out/exit at the right offer price from acquirer.. wait n see

1 month ago

Good123

after honda-nissan merger, the old founders can also sell and cash out, sell to honda-nissan :)

SUBSTANTIAL SHAREHOLDERS
(as per Register of Substantial Shareholders)
Direct Indirect
No. Name No. of Shares Held % No. of Shares Held %
1 Tan Chong Consolidated Sdn. Bhd. 263,828,240 40.48 - -
2 Employees Provident Fund Board 39,366,300 6.04 - -
3 Nissan Motor Co., Ltd 37,333,324 5.73 - -
4 Dato' Tan Heng Chew 33,293,862 5.11 274,781,840 (1) 42.16
5 Tan Eng Soon - - 263,828,240 (2) 40.48

1 month ago

Good123

banyak tanah belum dinilai semula ya

TEN LARGEST PROPERTIES
OF THE GROUP
as at 31 December 2023
No Location Description
Land Area
(sq. ft.)
Built-up
Area
(sq. ft.)
Tenure /
Expiry Date
Net Book
Value
(RM million)
Age of
Building
(years)
Date of
Acquisition
Date of
Last
Revaluation
1 249
Jalan Segambut,
51200
Kuala Lumpur
Assembly plant,
office, vehicle
storage yard,
warehouse &
hostel
2,043,425 931,098 Freehold/
Leasehold
4.7.2065
20.4.2068
19.5.2068
14.11.2073
27.1.2074
5.10.2099
515.09 46 1974 to
1999
2022
2 Lot 29120
(P.T. 15014),
Mukim Serendah,
Daerah Hulu
Selangor Darul
Ehsan
Assembly plant,
office, vehicle
storage yard &
warehouse
7,281,185 1,076,701 Freehold/
Leasehold
22.3.2094
28.4.2105
27.9.2106
28.4.2112
3.7.2116
272.46 15 1996 to
2013
2022
3 Lot 44,
Special Zone (6),
Industrial Park in
Nyung Inn Village,
Bago Township,
Bago Region,
Myanmar
Assembly plant,
warehouse and
office
2,177,787 468,088 Leasehold
16.2.2076
167.47 3 2016 2022

1 month ago

Good123

4 Lot U8, U9,
U10 and U11,
Road No 5B,
Expanded Hoa
Khanh Industrial
Zone, Lien Chieu
Dist, Danang City,
Vietnam
Assembly plant,
office, vehicle
storage yard &
warehouse
1,393,926 465,406 Leasehold
25.3.2054
106.17 9 2010 2022
5 No. 2,
Jalan Gerudi 15/4,
Section 15,
Shah Alam, 40200
Selangor Darul
Ehsan
Industrial plant 713,983 417,424 Leasehold
19.2.2066
86.32 53 30.12.2009 2022
6 Lot 3 Jalan
Perusahaan Satu,
68100 Batu Caves,
Selangor Darul
Ehsan
Spare parts &
service centre,
factory,
warehouse/store,
offices &
showroom
425,619 204,856 Leasehold
5.9.2074
83.96 42 11.09.1981 2022
7 Lot X5, X6,
X7 and X8,
Road No 5B,
Expanded Hoa
Khanh Industrial
Zone, Lien Chieu
Dist, Danang City,
Vietnam
Assembly plant,
office, vehicle
storage yard &
warehouse
1,645,850 135,463 Leasehold
25.3.2054
81.78 - 2013 2022

1 month ago

Good123

No Location Description
Land Area
(sq. ft.)
Built-up
Area
(sq. ft.)
Tenure /
Expiry Date
Net Book
Value
(RM million)
Age of
Building
(years)
Date of
Acquisition
Date of
Last
Revaluation
8 Lot U12, U13, U14 &
U15, Road No. 10B,
Hoa Khanh
Extended Industrial
Zone, Lien Chieu
District, Danang City,
Vietnam
Assembly plant
and office
1,372,065 78,663 Leasehold
25.3.2054
66.66 3 2011 2022
9 No.2, Jalan Indah
15/2, Taman Bukit
Indah, 81200 Johor
Bharu, Johor
Showroom,
workshop &
spare parts,
office and car
park
143,410 262,495 Freehold 58.53 1 01.03.2011 2022
10 Lot 93, Seksyen 46,
Kuala Lumpur
Used vehicle
display and
storage yard
50,637 - Freehold 49.10 - 27.08.2012 2023
Note : The value of 249 Jalan Segambut, 51200 Kuala Lumpur is based on valuation report of 16 lots of land held under lot numbered
1474, 1475, 3681, 4185, 14282, 25669, 43097, 46354, 49392, 49393, 49968, 49970, 49972, 57927, 81438 & 81425 and building.
The value of Lot 29120 (P.T. 15014), Mukim Serendah, Daerah Hulu Selangor, Selangor Darul Ehsan is based on valuation report of
6 lots of land held under lot numbered 45, 15961, 16360, 23975, 23976, 29120 & 40874 and building

1 month ago

Good123

Geely might acquire Tan Chong Motor Holdings (TCMH) if the founding family of Tan Chong decides to cash out for several strategic and financial reasons:

1. Access to ASEAN Markets
Expansion into Southeast Asia: Acquiring TCMH provides Geely with a direct foothold in the growing ASEAN automotive market, where demand for affordable and efficient vehicles is rising.
Local Expertise: Tan Chong has established distribution networks, local manufacturing facilities, and market knowledge in key ASEAN countries like Malaysia, Vietnam, and the Philippines.
2. Strategic Partnerships and Synergies
Platform Sharing: Geely could leverage its existing platforms and technology with Tan Chong's manufacturing capabilities to produce vehicles tailored for the ASEAN market.
Electric Vehicles (EVs): Tan Chong’s facilities and experience could accelerate Geely’s plans to introduce EVs in the region, aligning with global trends and ASEAN’s push for greener transportation.
3. Tan Chong’s Underutilized Potential
Reviving Underperforming Assets: If Tan Chong is underperforming, Geely may see an opportunity to optimize operations, improve profitability, and unlock value through its resources, such as advanced R&D and efficient manufacturing practices.
Regional Brand Recognition: Tan Chong has longstanding relationships with customers and dealerships that Geely could modernize and capitalize on.
4. Family’s Decision to Cash Out
Generational Transition: If the founding family is not interested in managing the business further, a sale could offer them liquidity and allow Geely to take over operational control.
Attractive Valuation: If TCMH’s market valuation or financial situation makes it an attractive target, Geely could see this as a cost-effective way to enter or expand its presence in ASEAN.
5. Geely’s Global Expansion Strategy
Proven Acquisitions: Geely has a track record of acquiring and turning around companies (e.g., Volvo, Proton). A deal with TCMH would align with this strategy and complement its existing stake in Proton and Malaysia’s automotive ecosystem.
Strengthening Supply Chains: TCMH’s regional manufacturing base could reduce Geely’s production costs and improve its supply chain resilience in Southeast Asia.
6. Favorable Policies and Incentives
Government Support: Malaysia and other ASEAN governments often offer incentives for automotive investments, including EV production.
ASEAN Free Trade Agreement (AFTA): Geely could benefit from reduced tariffs within the region, enhancing its competitiveness.
If the Tan Chong founding family’s interests align with Geely’s expansion goals, such an acquisition could be mutually beneficial, paving the way for a strategic partnership or outright buyout.

1 month ago

Faiza

next astro

2 weeks ago

Good123

Bottom out dah. Accumulate 😉

Statistics
52w high/low (MYR)
3m avg turnover (USDm)
Free float (%)
Issued shares (m)
Market capitalisation
1.02/0.50
0.1
18.8
672
MYR336.0M
USD75M
Major shareholders:
Tan Chong Consolidated Sdn. Bhd.
39.3%
Nissan Motor Co., Ltd.
5.6%
Employees Provident Fund
5.4%

1 day ago

Good123

A potential catalyst could be improved sales from new product
launches, including the All-New Nissan Kicks e-Power (slated for launch in
4Q24) and new contract assembly. TCM is expecting to start producing
vehicles in its Malaysia plant for Nissan’s export market, beginning in 4Q.

1 day ago

Good123

Big jump jika jadi

https://paultan.org/2025/02/04/honda-nissan-postpone-merger-details-to-mid-feb/

1 day ago

Good123

Tchong has valuable land banks and car assembly factories…. There are many potential acquirers especially from china car manufacturers. Worth accumulating . Net assets per share ~RM4.

1 day ago

chleo1230

The Honda-Nissan merger almost collapses lol

22 hours ago

Good123

Any takeover offer from China manufacturers would quickly raise the share price above RM1. Be patient😎

22 hours ago

Good123

Grab might offers too, all possibilities

22 hours ago

Good123

Net asets per syer ~ RM4, pb value now below 0.1 is a steal. Buy n hold yay

22 hours ago

Good123

China Chery could acquire tan chong for expansion into indo china and asean via tan chong priceless networks in this part of the world... Also free jewel landbank in segambut KL😍🤑🤑🤑

22 hours ago

Good123

Really a jewel among penny stocks. :)

Price-to-Book (P/B) Ratio
The P/B ratio compares the market price of a share to its book value per share. The formula is:

P/B Ratio
=
Market Price per Share
Book Value per Share
P/B Ratio=
Book Value per Share
Market Price per Share
​

From the financial report @ 30.9.24, the net assets per share attributable to owners of the Company is RM 3.93.

P/B Ratio
=
0.39
3.93
=
0.099
P/B Ratio=
3.93
0.39
​
=0.099
This indicates that the market price is trading at approximately 9.9% of the book value, which suggests that the stock is undervalued based on its book value.

Conclusion:
Based on the P/B ratio, the stock appears to be undervalued, as it is trading at a significant discount to its book value.

21 hours ago

Good123

hopefully, Grab intends to acquire Tan Chong Motor Holdings Berhad. While Anthony Tan, the co-founder and CEO of Grab, is the grandson of Tan Sri Tan Yuet Foh, the co-founder of Tan Chong Motor Holdings, Grab has primarily focused on expanding its services in ride-hailing, food delivery, and financial technology across Southeast Asia.

20 hours ago

Good123

A Strong Business Case for Partnership, Not Full Acquisition
While Grab acquiring Tan Chong outright may be capital intensive and outside its core tech-driven business, a strategic partnership or joint venture would be a win-win.

Grab benefits from a secure, cost-effective vehicle supply chain, EV integration, and fleet optimization.
Tan Chong benefits from a steady sales channel, new mobility services revenue, and a stronger foothold in the growing ride-hailing economy.
Alternative Strategy: Grab could invest in or form a joint venture with Tan Chong instead of a full acquisition, focusing on EV leasing, fleet maintenance, and financing solutions.
This approach would minimize risks while maximizing strategic synergies, aligning both companies for the future of mobility, digital services, and EV growth in ASEAN. 🚗⚡

20 hours ago

Good123

TP 44sen pun dah muncul kini haha

Additionally, asset owners from past LSS rounds are well-positioned to benefit given their proven track records. Notable past winners under our coverage include TENAGA (OP; TP: RM17.00), SLVEST, SAMAIDEN, TCHONG (OP; TP: RM0.44), UZMA (OP; TP: RM1.45).

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2025-01-20-story-h497931985-Renewable_Energy_Big_News_Another_2GW_LSS_Incoming_OVERWEIGHT

18 hours ago

Good123

Tan Chong Motor Holdings Bhd telah menerima lanjutan tempoh Perjanjian Pembelian Tenaga (PPA) selama empat tahun daripada Suruhanjaya Tenaga (EC) untuk projek solar berskala besar di bawah program Large Scale Solar 4 (LSS4) atau MEnTARI. Tempoh PPA ini dilanjutkan daripada 21 tahun kepada 25 tahun. 

Anak syarikat tidak langsung Tan Chong, TC Sunergy Sdn Bhd, yang dimiliki sebanyak 51%, telah menerima surat pemberitahuan daripada EC berkaitan pembangunan projek solar 20-megawatt di Hulu Selangor. EC telah memaklumkan bahawa tempoh berkuatkuasa PPA akan dilanjutkan kepada 25 tahun, dengan syarat bahawa perjanjian berkaitan hak TC Sunergy untuk menduduki dan menggunakan tanah bagi projek solar tersebut juga dilanjutkan dan diselaraskan untuk tempoh 25 tahun. 

Lanjutan tempoh PPA ini diberikan sebagai tindak balas kepada kenaikan harga panel solar sebanyak 30% hingga 50% sejak penyerahan bidaan pada tahun 2020, yang telah menjejaskan daya maju beberapa projek LSS4. 

Selain Tan Chong, syarikat lain seperti Tenaga Nasional Bhd (TNB), KPower Bhd, dan Ranhill Utilities Bhd juga telah menerima lanjutan tempoh PPA untuk projek LSS4 mereka. 

Lanjutan tempoh PPA ini dijangka memberikan kelegaan kepada pemilik projek LSS4 dengan membantu mereka mencapai kadar pulangan dalaman (IRR) yang lebih baik, yang sebelum ini terjejas akibat kenaikan kos panel solar. 

Secara keseluruhan, langkah ini menunjukkan komitmen pihak berkuasa untuk menyokong pembangunan tenaga boleh diperbaharui di Malaysia dengan mengambil kira cabaran yang dihadapi oleh pemaju projek.

6 hours ago

Good123

Pada 11 Oktober 2023, Tan Chong Group telah dianugerahkan sebagai “Energy Transition Forerunner Enterprise” di Forum Solar Energy Storage Future Malaysia 2023 anjuran Energy Box. Pengiktirafan ini diberikan atas usaha kumpulan dalam mempelopori dan memajukan inisiatif tenaga boleh diperbaharui di Malaysia. 

Sejak 2016, Tan Chong Group telah mengambil langkah proaktif dalam bidang tenaga boleh diperbaharui dengan melaksanakan dua projek tenaga solar di bawah Program SEDA FiT di kilang APM di Pandamaran, Klang dan kilang TCMA di Serendah, Hulu Selangor, yang menjana sebanyak 1.5 MW tenaga. 

Pada tahun 2021, kumpulan ini mencapai satu lagi pencapaian penting apabila dianugerahkan Projek Solar Fotovoltaik Skala Besar Fasa 4 (LSSPV4) oleh Suruhanjaya Tenaga untuk menjana 20 MW tenaga hijau melalui loji Fotovoltaik Terapung (FPV) di Bandar Serendah, Selangor. Loji solar ini dijangka dapat membekalkan elektrik hijau kepada Tenaga Nasional Berhad di bawah Perjanjian Pembelian Tenaga (PPA) selama 25 tahun, menyumbang kepada pengurangan sebanyak 725,000 tan pelepasan CO₂ ke alam sekitar, bersamaan dengan pengurangan 158,000 unit kereta di jalan raya. 

Pengiktirafan ini menegaskan komitmen Tan Chong Group dalam menyokong peralihan tenaga dan usaha kelestarian di Malaysia.

6 hours ago

Good123

On October 11, 2023, Tan Chong Group was awarded the “Energy Transition Forerunner Enterprise” at the Solar Energy Storage Future Malaysia 2023 Forum organized by Energy Box.

This recognition was given for the group’s efforts in pioneering and advancing renewable energy initiatives in Malaysia.

Since 2016, Tan Chong Group has proactively engaged in renewable energy by implementing two solar energy projects under SEDA’s FiT Program at the APM factory in Pandamaran, Klang, and the TCMA factory in Serendah, Hulu Selangor, generating a total of 1.5 MW of power.

In 2021, the group achieved another milestone when it was awarded a Large-Scale Solar Photovoltaic Phase 4 (LSSPV4) project by the Energy Commission, allowing them to generate 20 MW of green energy through a Floating Photovoltaic (FPV) plant in Bandar Serendah, Selangor.

This solar plant is expected to supply green electricity to Tenaga Nasional Berhad (TNB) under a 25-year Power Purchase Agreement (PPA), contributing to a reduction of 725,000 tons of CO₂ emissions, equivalent to removing 158,000 vehicles from the roads.

This recognition reaffirms Tan Chong Group’s commitment to supporting energy transition and sustainability efforts in Malaysia.

6 hours ago

Good123

Tan Chong Group’s venture into the renewable energy business is a smart strategic move for several reasons:

1. Diversification Beyond Automotive

Tan Chong has traditionally been an automotive player, distributing and assembling vehicles. With the global automotive industry facing EV transitions, supply chain disruptions, and market fluctuations, diversifying into renewable energy helps reduce dependency on vehicle sales and create new revenue streams.

2. Alignment with Government Policies & Incentives
• Malaysia is pushing for net zero emissions by 2050.
• The Large Scale Solar (LSS) programme, Green Investment Tax Allowance (GITA), and Net Energy Metering (NEM) provide financial incentives for solar energy investments.
• This ensures a stable and supportive regulatory environment for Tan Chong’s renewable energy projects.

3. Rising Energy Costs & Demand for Green Solutions
• Electricity costs are rising, and businesses are looking for cost-effective and sustainable power sources.
• Many MNCs and manufacturers need renewable energy solutions to meet ESG (Environmental, Social & Governance) commitments.
• By investing in solar energy and PPA agreements, Tan Chong can sell power to businesses and even the grid, creating long-term, recurring revenue.

4. Synergy with EV & Sustainable Mobility
• The shift towards electric vehicles (EVs) means an increasing demand for clean energy.
• Tan Chong can integrate its renewable energy division with its EV business, creating a full ecosystem—from solar power generation to EV charging infrastructure.
• Owning solar farms and EV charging stations allows energy cost savings and creates a competitive edge in the EV market.

5. Long-Term Profitability & Sustainability
• Solar power has low operational costs once installed.
• Power Purchase Agreements (PPA) guarantee long-term revenue (e.g., Tan Chong’s 25-year PPA with TNB).
• The global transition to green energy ensures future growth opportunities.

Is It a Smart Move?

Yes, it is a strategic and future-proof investment. Renewable energy is a growing industry with government support, strong demand, and long-term profitability. Combined with EV adoption and sustainability trends, Tan Chong’s move into renewables aligns well with global and regional energy transitions.

6 hours ago

Good123

TCMH has diversified into the renewable energy sector. On January 5, 2024, the company commenced operations of its first Floating Large-Scale Solar Photovoltaic (LSSPV) plant in Serendah, Selangor. This 20-megawatt facility is expected to supply approximately 1,043,114 MWh of green energy to Tenaga Nasional Berhad over a 25-year Power Purchase Agreement (PPA), contributing positively to the group’s revenue stream. 

While the renewable energy venture is still in its early stages, it represents a strategic move to create new revenue streams and reduce reliance on the automotive sector. The long-term PPA provides a stable income source, which could help offset losses from the automotive division. However, the immediate financial impact may be limited, and the success of this diversification will depend on the effective execution and management of the renewable energy projects.

In summary, TCMH’s entry into the renewable energy sector is a forward-looking strategy aimed at enhancing financial stability and aligning with global sustainability trends.

6 hours ago

Good123

Nissan has decided to end merger discussions with Honda and is now considering new partnerships. Key points include:

Merger Talks with Honda Cease: Nissan's CEO, Makoto Uchida, informed Honda's CEO, Toshihiro Mibe, of the decision to halt merger discussions after Honda proposed making Nissan a subsidiary.

Exploring New Partnerships: Nissan is open to collaborating with new partners, including technology companies, to navigate the evolving automotive landscape, particularly in electric vehicles and software-driven cars.

Potential Collaboration with Foxconn: Taiwan's Foxconn, known for manufacturing Apple's iPhones, is considered a potential partner. Foxconn has been expanding into electric vehicle manufacturing and had previously approached Nissan, though initial proposals were declined.

Strategic Shift: This move reflects Nissan's strategy to adapt to technological advancements and increased competition from emerging Chinese manufacturers.


The decision to end talks with Honda and seek new alliances underscores Nissan's efforts to strengthen its position in the rapidly changing automotive industry.

5 hours ago

Good123

Recent press release from Nissan:

### **Key Highlights:**
- **Title:** Nissan announces new initiatives to enhance customer experience and sustainability.
- **Focus Areas:**
- Improving customer satisfaction through digital innovation.
- Strengthening commitment to sustainability and carbon neutrality.
- Expanding electric vehicle (EV) offerings and infrastructure.

### **Initiatives Announced:**
1. **Digital Transformation:**
- Launch of a new digital platform to streamline customer interactions.
- Enhanced online services for vehicle purchases, maintenance, and support.
- Introduction of AI-driven tools for personalized customer experiences.

2. **Sustainability Goals:**
- Commitment to achieving carbon neutrality across operations by 2050.
- Increased investment in renewable energy and eco-friendly manufacturing processes.
- Expansion of recycling programs for batteries and vehicle materials.

3. **Electric Vehicle Expansion:**
- Introduction of new EV models with advanced technology and longer range.
- Development of a robust EV charging network in key markets.
- Partnerships with governments and private sectors to promote EV adoption.

4. **Customer-Centric Approach:**
- Focus on improving after-sales services and customer feedback mechanisms.
- Training programs for dealership staff to better assist EV customers.
- Enhanced warranty and maintenance packages for EV owners.

### **Quotes from Executives:**
- **CEO Statement:** "Nissan is committed to driving innovation and sustainability while putting our customers at the heart of everything we do."
- **Head of Sustainability:** "Our new initiatives reflect our dedication to a greener future and a seamless customer experience."

### **Conclusion:**
Nissan’s press release outlines a comprehensive strategy to modernize its operations, prioritize sustainability, and lead in the EV market. The initiatives aim to strengthen customer loyalty and position Nissan as a leader in the automotive industry’s transition to a sustainable future.

5 hours ago

Good123

Nissan’s decision to end merger talks with Honda and explore new partnerships could be good for Tan Chong for several reasons:

1. Stability in Nissan’s Strategy

Tan Chong Motor Holdings (TCMH) is Nissan’s exclusive distributor in Malaysia, Vietnam, and some other Southeast Asian markets.

If Nissan merged with Honda, there could have been uncertainty over distribution rights, as Honda has its own network. Now, Tan Chong’s position as Nissan’s distributor remains stable.


2. Potential for New Models & Technology

Nissan’s shift towards new partnerships, especially in EVs and smart car technology, could mean newer, more competitive models for Tan Chong to sell.

If Nissan partners with Foxconn, it could lead to cost-effective EVs that could strengthen Tan Chong’s lineup, helping it compete against Chinese and local EV brands.


3. No Risk of Losing Nissan Franchise

If Nissan had merged with Honda, there was a risk that Honda’s local distributors might take over Nissan’s business in some markets.

Now that the merger is off, Tan Chong’s exclusive distributorship remains secure.


4. Potential Expansion of Nissan’s Market in ASEAN

Nissan is now open to more flexible partnerships instead of a rigid merger. If Nissan expands in ASEAN with new models, better pricing, or strategic investments, it could help Tan Chong grow its market share.


5. Focus on Electrification & Digitalization

Nissan’s push for electrification and smart technology aligns with global trends. Tan Chong can benefit from selling these advanced models, possibly improving its profit margins.


Conclusion

Nissan’s independent growth strategy is beneficial for Tan Chong because it ensures business continuity, access to new models, and growth opportunities without the risk of losing its long-term Nissan distributorship.

5 hours ago

Good123

:p
https://tcedu.com.my/tctech/

5 hours ago

Good123

Tan Chong Motor Holdings (TCMH) is unlikely to go bankrupt due to several key factors:

1. Diversified Business Portfolio

Tan Chong is not just an automotive distributor but also has diversified into:
• Automotive Assembly & Distribution – Strong presence in Malaysia, Vietnam, Myanmar, and other markets.
• Financial Services – Offers auto financing and insurance, providing stable revenue streams.
• Industrial Equipment & Property – Owns valuable assets, including industrial properties and warehouses.

2. Strong Asset Base
• Tan Chong owns significant real estate and infrastructure, which can be monetized if necessary.
• The company has assembly plants and a vast dealership network, adding to its long-term value.

3. Established Market Position
• Tan Chong has exclusive distribution rights for Nissan in Malaysia and other Southeast Asian markets.
• Despite losing the Nissan distributorship in Vietnam, it still holds a strong market share in Malaysia.

4. Cost Management & Restructuring Efforts
• The company has been restructuring its business to reduce losses and improve efficiency.
• Recent cost-cutting measures and strategic partnerships help maintain financial stability.

5. Debt Management
• While Tan Chong has debt, it also has assets and cash flow to service its obligations.
• The company’s debt-to-equity ratio is manageable compared to industry standards.

6. Support from Banks & Investors
• Being a long-established company, Tan Chong has access to bank financing and investor support.
• Its financial history makes it unlikely for banks to let it collapse without intervention.

7. Automotive Market Recovery
• The automotive sector is recovering post-pandemic, with higher demand for vehicles.
• Tan Chong can benefit from EV (electric vehicle) trends and government incentives.

Conclusion

While Tan Chong faces challenges like declining Nissan sales and competition, its strong asset base, diversified businesses, and strategic restructuring make bankruptcy unlikely in the foreseeable future.

4 hours ago

Good123

😍Another possibility; Chery Automobile Co., Ltd. (Chery) acquiring Tan Chong Motor Holdings Berhad (Tan Chong). However, evaluating the potential implications of such an acquisition can provide insight into its possible benefits and challenges.

Potential Benefits:

Market Expansion for Chery:

ASEAN Presence: Tan Chong has an established distribution network in Southeast Asia, including Malaysia, Vietnam, and the Philippines. Acquiring Tan Chong could provide Chery with immediate access to these markets, aligning with its global expansion strategy.
Utilization of Existing Infrastructure:

Manufacturing Facilities: Tan Chong possesses assembly plants and facilities that Chery could leverage for local production, potentially reducing costs and import tariffs.
Brand Diversification for Tan Chong:

Enhanced Portfolio: Integrating Chery's vehicle lineup could diversify Tan Chong's offerings, appealing to a broader customer base and mitigating reliance on existing brands.
Potential Challenges:

Brand Positioning and Perception:

Market Acceptance: Introducing a new Chinese brand may require substantial marketing efforts to establish trust and recognition among consumers accustomed to Japanese and Western automotive brands.
Operational Integration:

Cultural and Management Alignment: Merging operations could present challenges in aligning corporate cultures, management practices, and operational processes.
Regulatory Approvals:

Compliance and Approvals: The acquisition would need to navigate regulatory frameworks in multiple countries, which could be time-consuming and complex.
Conclusion:

While the acquisition could offer strategic advantages for both parties, including market expansion for Chery and portfolio diversification for Tan Chong, it also entails challenges such as brand positioning and operational integration. A thorough due diligence process and strategic planning would be essential to realize the potential benefits of such a move.

3 hours ago