Higher profit in sight for Tan Chong Motor
Improving outlook: Tan Chong staged a turnaround when it recorded a net profit of RM51.56mil for the fourth quarter ended Dec 31, 2018 from a previous net loss of RM7.19mil.
PETALING JAYA: Tan Chong Motor Holdings Bhd 
(TCM) is on track to achieve higher earnings over the next two years, bolstered by the group’s steady Vietnam operations.
RHB Research Institute, in a report yesterday, said it has raised the company’s earnings forecasts over the next two years.
“We lift our 2019 to 2020 earnings forecasts by 63.5% and 50.6%, after adjusting our margin assumptions to reflect higher operating leverage, as well as better expectations for its Vietnam operations.
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