Trading ideas: Tan Chong Motor, Tambun Indah, DRB-Hicom, Guan Chong

TheStar Mon, Jun 01, 2020 08:53am - 3 years View Original


KUALA LUMPUR: TAN CHONG MOTOR HOLDINGS BHD, Tambun Indah Land Bhd, DRB-HICOM BHD and GUAN CHONG BHD are among the stocks to watch on Monday, according to JF Apex Research.

Tan Chong Motor is subscribing to new shares representing 15.79% equity interest in its sister company Warisan TC Holdings Bhd’s subsidiary, MUV Marketplace Sdn Bhd (MUVM), for RM15mil.

MUVM is mainly engaged in the provision of used vehicles auction services, vehicles inspection and certification as well as the trading of used vehicles.

Tambun Indah has proposed a final dividend of 2.9 sen/share for its FY19.

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