Reported Earnings • May 29
First quarter 2026 earnings released: RM0.019 loss per share (vs RM0.006 profit in 1Q 2025) First quarter 2026 results: RM0.019 loss per share (down from RM0.006 profit in 1Q 2025). Revenue: RM457.8m (down 17% from 1Q 2025). Net loss: RM12.2m (down 395% from profit in 1Q 2025). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Apr 29
Tan Chong Motor Holdings Berhad, Annual General Meeting, Jun 12, 2026 Tan Chong Motor Holdings Berhad, Annual General Meeting, Jun 12, 2026, at 10:30 Singapore Standard Time. Location: kristal ballroom, level 1, hilton petaling jaya, no. 2 jalan barat, 46200 petaling jaya, selangor darul ehsan, Malaysia Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM2.17b to RM2.15b. Losses expected to increase from RM0.20 per share to RM0.23. Auto industry in Malaysia expected to see average net income growth of 26% next year. Consensus price target down from RM0.61 to RM0.48. Share price fell 9.9% to RM0.50 over the past week. Price Target Changed • Mar 02
Price target decreased by 11% to RM0.57 Down from RM0.64, the current price target is an average from 5 analysts. New target price is 6.5% above last closing price of RM0.54. Stock is up 60% over the past year. The company is forecast to post a net loss per share of RM0.22 next year compared to a net loss per share of RM0.30 last year. Reported Earnings • Mar 02
Full year 2025 earnings released: RM0.30 loss per share (vs RM0.33 loss in FY 2024) Full year 2025 results: RM0.30 loss per share (improved from RM0.33 loss in FY 2024). Revenue: RM2.11b (up 1.3% from FY 2024). Net loss: RM195.3m (loss narrowed 8.8% from FY 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. New Risk • Feb 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM387.7m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (RM112m net loss in 2 years). Market cap is less than US$100m (RM387.7m market cap, or US$99.6m). Reported Earnings • Nov 23
Third quarter 2025 earnings released: RM0.092 loss per share (vs RM0.14 loss in 3Q 2024) Third quarter 2025 results: RM0.092 loss per share (improved from RM0.14 loss in 3Q 2024). Revenue: RM530.5m (up 15% from 3Q 2024). Net loss: RM60.3m (loss narrowed 33% from 3Q 2024). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Nov 22
Tan Chong Motor Holdings Berhad Reports Property, Plant and Equipment Written Off for the Third Quarter Ended September 30, 2025 Tan Chong Motor Holdings Berhad reported property, plant and equipment written off for the third quarter ended September 30, 2025. For the quarter, the company reported property, plant and equipment written off of MYR 57,000 against MYR 47,000 a year ago. Price Target Changed • Nov 17
Price target increased by 11% to RM0.57 Up from RM0.51, the current price target is an average from 5 analysts. New target price is 21% below last closing price of RM0.71. Stock is up 32% over the past year. The company is forecast to post a net loss per share of RM0.24 next year compared to a net loss per share of RM0.33 last year. Reported Earnings • Aug 31
Second quarter 2025 earnings released: RM0.089 loss per share (vs RM0.062 loss in 2Q 2024) Second quarter 2025 results: RM0.089 loss per share (further deteriorated from RM0.062 loss in 2Q 2024). Revenue: RM538.8m (down 1.2% from 2Q 2024). Net loss: RM58.1m (loss widened 45% from 2Q 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Auto industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 17
Price target increased by 9.8% to RM0.36 Up from RM0.33, the current price target is an average from 4 analysts. New target price is 52% below last closing price of RM0.76. Stock is down 10% over the past year. The company is forecast to post a net loss per share of RM0.24 next year compared to a net loss per share of RM0.33 last year. Major Estimate Revision • May 30
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM2.19b to RM2.02b. Losses expected to increase from RM0.20 per share to RM0.23. Auto industry in Malaysia expected to see average net income growth of 21% next year. Consensus price target up from RM0.33 to RM0.34. Share price was steady at RM0.46 over the past week. Reported Earnings • May 24
First quarter 2025 earnings released: EPS: RM0.006 (vs RM0.024 loss in 1Q 2024) First quarter 2025 results: EPS: RM0.006 (up from RM0.024 loss in 1Q 2024). Revenue: RM553.0m (down 1.9% from 1Q 2024). Net income: RM4.14m (up RM19.9m from 1Q 2024). Profit margin: 0.7% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 8.1% growth forecast for the Auto industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Tan Chong Motor Holdings Berhad, Annual General Meeting, May 30, 2025 Tan Chong Motor Holdings Berhad, Annual General Meeting, May 30, 2025, at 10:30 Singapore Standard Time. Location: kristal ballroom, level 1, hilton petaling jaya, no. 2 jalan barat, 46200 petaling jaya, selangor darul ehsan, Malaysia New Risk • Apr 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (RM117m net loss in 3 years). Market cap is less than US$100m (RM293.2m market cap, or US$66.8m). New Risk • Mar 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (RM117m net loss in 3 years). Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (RM247.6m market cap, or US$56.1m). Reported Earnings • Mar 02
Full year 2024 earnings released: RM0.33 loss per share (vs RM0.20 loss in FY 2023) Full year 2024 results: RM0.33 loss per share (further deteriorated from RM0.20 loss in FY 2023). Revenue: RM2.08b (down 18% from FY 2023). Net loss: RM214.2m (loss widened 66% from FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Auto industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Dec 04
Consensus EPS estimates fall by 51% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM2.41b to RM2.25b. Losses expected to increase from RM0.15 per share to RM0.23. Auto industry in Malaysia expected to see average net income growth of 22% next year. Consensus price target down from RM0.67 to RM0.52. Share price fell 3.0% to RM0.48 over the past week. Price Target Changed • Nov 27
Price target decreased by 22% to RM0.52 Down from RM0.67, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of RM0.50. Stock is down 50% over the past year. The company is forecast to post a net loss per share of RM0.16 next year compared to a net loss per share of RM0.20 last year. Announcement • Nov 27
Tan Chong Motor Holdings Berhad to Report Q3, 2024 Results on Nov 26, 2024 Tan Chong Motor Holdings Berhad announced that they will report Q3, 2024 results on Nov 26, 2024 Reported Earnings • Nov 27
Third quarter 2024 earnings released: RM0.14 loss per share (vs RM0.078 loss in 3Q 2023) Third quarter 2024 results: RM0.14 loss per share (further deteriorated from RM0.078 loss in 3Q 2023). Revenue: RM462.7m (down 29% from 3Q 2023). Net loss: RM90.3m (loss widened 78% from 3Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Nov 15
Consensus EPS estimates upgraded to RM0.13 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from RM2.45b to RM2.41b. 2024 losses expected to reduce from -RM0.142 to -RM0.128 per share. Auto industry in Malaysia expected to see average net income growth of 22% next year. Consensus price target of RM0.67 unchanged from last update. Share price was steady at RM0.56 over the past week. New Risk • Oct 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM413.8m (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (RM54m net loss in 2 years). Market cap is less than US$100m (RM413.8m market cap, or US$99.4m). New Risk • Sep 30
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: RM161m Forecast net loss in 2 years: RM54m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (RM54m net loss in 2 years). Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM2.59b to RM2.39b. Losses expected to increase from RM0.11 per share to RM0.14. Auto industry in Malaysia expected to see average net income growth of 14% next year. Consensus price target down from RM0.79 to RM0.72. Share price fell 3.4% to RM0.71 over the past week. Price Target Changed • Sep 03
Price target decreased by 8.7% to RM0.72 Down from RM0.79, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of RM0.71. Stock is down 33% over the past year. The company is forecast to post a net loss per share of RM0.13 next year compared to a net loss per share of RM0.20 last year. Reported Earnings • Aug 31
Second quarter 2024 earnings released: RM0.061 loss per share (vs RM0.028 loss in 2Q 2023) Second quarter 2024 results: RM0.061 loss per share (further deteriorated from RM0.028 loss in 2Q 2023). Revenue: RM545.1m (down 12% from 2Q 2023). Net loss: RM40.1m (loss widened 121% from 2Q 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Major Estimate Revision • May 31
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -RM0.10 to -RM0.113 per share. Revenue forecast unchanged at RM2.51b. Auto industry in Malaysia expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at RM0.79. Share price was steady at RM0.85 over the past week. Declared Dividend • May 26
Dividend of RM0.01 announced Shareholders will receive a dividend of RM0.01. Ex-date: 12th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 3.3%. Announcement • May 26
Tan Chong Motor Holdings Berhad Announces Interim Dividend, Payable on 28 Jun 2024 Tan Chong Motor Holdings Berhad announced interim Single Tier Dividend of 1.0 sen per share. Ex-date is 12 Jun 2024, Entitlement date is 13 Jun 2024 and Payment date is 28 Jun 2024. Reported Earnings • May 25
First quarter 2024 earnings released: RM0.024 loss per share (vs RM0.008 loss in 1Q 2023) First quarter 2024 results: RM0.024 loss per share (further deteriorated from RM0.008 loss in 1Q 2023). Revenue: RM563.7m (down 9.1% from 1Q 2023). Net loss: RM15.7m (loss widened 210% from 1Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year. Announcement • May 01
Tan Chong Motor Holdings Berhad, Annual General Meeting, May 29, 2024 Tan Chong Motor Holdings Berhad, Annual General Meeting, May 29, 2024, at 14:30 Singapore Standard Time. Location: Tricor Busuness Centre, Gemilang, Unit 29-01, Level 29, Tower A vertical Business Suite, Kuala Lumpur Malaysia Agenda: To consider the proposed renewal of authority for the company to purchase its own shares; to approve the proposed shareholders mandate for recurrent related party transactions with auto Dunia SDN. BHD; and to consider other matters if any. Reported Earnings • Mar 02
Full year 2023 earnings released: RM0.20 loss per share (vs RM0.078 loss in FY 2022) Full year 2023 results: RM0.20 loss per share (further deteriorated from RM0.078 loss in FY 2022). Revenue: RM2.53b (down 17% from FY 2022). Net loss: RM128.7m (loss widened 152% from FY 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jan 31
Tan Chong Motor Holdings Berhad Appoints Miss Chia Tuang Mooi as Executive Director, Effective From February 01, 2024 Tan Chong Motor Holdings Berhad appointed Miss Chia Tuang Mooi, age: 60, as Executive Director, effective From February 01, 2024. Professional Qualification: Tax - Chartered Tax Institute of Malaysia. Degree: Business Administration - National University of Malaysia. Working experience and occupation: Miss Chia Tuang Mooi (also known as Carol Chia) is the Executive Vice President of Tan Chong Motor Holdings Berhad ("TCMH") Group since January 2024. She joined as a Deputy General Manager in 2014 and was promoted to Head of Group Tax /Deputy Financial Controller (Senior General Manager grade) in 2020. She acts as a focal point for all group tax matters both in Malaysia and overseas. She has more than 20 years of experience in taxation and is responsible for providing direct and indirect taxes support to all entities in the TCMH Group to ensure compliance and to take charge of internal tax policies and provide suggestions to Top Management on the tax implications of various corporate decisions. She is also a GST Licensed Tax Agent registered with Ministry of Finance, Malaysia. Carol Chia manages the overall tax strategy, vision, and objectives for TCMH Group Tax that align with overall business objectives; works closely with tax consultants, Group CEO's office, CFO's office, Group Legal as well as operational teams on strategic tax planning, audit and compliance matters with respect to taxation; and communicates effectively with the tax authorities to ensure greater levels of effectiveness and engagement. She was also involved in Group annual budgeting exercise and quarterly reporting to Top Management, Audit Committee and Board in the capacity as Deputy Financial Controller. Prior to joining TCMH in 2014, Carol Chia served as a Tax Consulting Manager with KPMG Kuala Lumpur Office for 6 years advising foreign investors in all aspects of taxation such as investment tax incentives, tax exemptions and licensing requirements from the MITI, MIDA, RMCD, BNM and FIC and had served in 2 leading retail chains as Senior Finance Manager and Tax & Property Manager involved taxation, finance and accounting, corporate restructuring, property accounting and complex management functions for more than 15 years. Major Estimate Revision • Dec 04
Consensus EPS estimates fall by 105% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -RM0.076 to -RM0.155 per share. Revenue forecast unchanged at RM2.69b. Auto industry in Malaysia expected to see average net income growth of 17% next year. Consensus price target down from RM0.82 to RM0.80. Share price fell 3.9% to RM0.98 over the past week. Reported Earnings • Nov 28
Third quarter 2023 earnings released: RM0.078 loss per share (vs RM0.011 profit in 3Q 2022) Third quarter 2023 results: RM0.078 loss per share (down from RM0.011 profit in 3Q 2022). Revenue: RM649.8m (down 11% from 3Q 2022). Net loss: RM50.7m (down RM57.6m from profit in 3Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 57% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM2.74b to RM2.70b. Losses expected to increase from RM0.048 per share to RM0.076. Auto industry in Malaysia expected to see average net income growth of 20% next year. Consensus price target down from RM0.84 to RM0.82. Share price was steady at RM1.06 over the past week. Reported Earnings • Aug 29
Second quarter 2023 earnings released: RM0.028 loss per share (vs RM0.01 profit in 2Q 2022) Second quarter 2023 results: RM0.028 loss per share (down from RM0.01 profit in 2Q 2022). Revenue: RM619.2m (down 24% from 2Q 2022). Net loss: RM18.1m (down 390% from profit in 2Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 01
Upcoming dividend of RM0.01 per share at 1.9% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 30 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Malaysian dividend payers (5.3%). Lower than average of industry peers (2.7%). Announcement • May 26
Tan Chong Motor Holdings Berhad to Report Q1, 2023 Results on May 24, 2023 Tan Chong Motor Holdings Berhad announced that they will report Q1, 2023 results at 5:00 PM, Singapore Standard Time on May 24, 2023 Reported Earnings • May 25
First quarter 2023 earnings released: RM0.008 loss per share (vs RM0.03 loss in 1Q 2022) First quarter 2023 results: RM0.008 loss per share (improved from RM0.03 loss in 1Q 2022). Revenue: RM619.9m (down 19% from 1Q 2022). Net loss: RM5.07m (loss narrowed 74% from 1Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Mar 31
Forecast breakeven date pushed back to 2024 The 7 analysts covering Tan Chong Motor Holdings Berhad previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 90% to 2023. The company is expected to make a profit of RM18.4m in 2024. Average annual earnings growth of 106% is required to achieve expected profit on schedule. Price Target Changed • Mar 01
Price target decreased by 7.0% to RM0.97 Down from RM1.04, the current price target is an average from 7 analysts. New target price is 13% below last closing price of RM1.11. Stock is down 2.6% over the past year. The company is forecast to post earnings per share of RM0.037 next year compared to a net loss per share of RM0.078 last year. Reported Earnings • Mar 01
Full year 2022 earnings released: RM0.078 loss per share (vs RM0.024 loss in FY 2021) Full year 2022 results: RM0.078 loss per share (further deteriorated from RM0.024 loss in FY 2021). Revenue: RM3.05b (up 20% from FY 2021). Net loss: RM51.1m (loss widened 232% from FY 2021). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 01
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 23 December 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Malaysian dividend payers (5.1%). In line with average of industry peers (2.6%). Reported Earnings • Nov 23
Third quarter 2022 earnings released: EPS: RM0.011 (vs RM0.068 loss in 3Q 2021) Third quarter 2022 results: EPS: RM0.011 (up from RM0.068 loss in 3Q 2021). Revenue: RM729.9m (up 66% from 3Q 2021). Net income: RM6.88m (up RM51.1m from 3Q 2021). Profit margin: 0.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Auto industry in Asia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 30
Second quarter 2022 earnings released: EPS: RM0.01 (vs RM0.034 loss in 2Q 2021) Second quarter 2022 results: EPS: RM0.01 (up from RM0.034 loss in 2Q 2021). Revenue: RM814.3m (up 28% from 2Q 2021). Net income: RM6.24m (up RM28.5m from 2Q 2021). Profit margin: 0.8% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 28% growth forecast for the Auto industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 02
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 30 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (2.3%). Reported Earnings • May 25
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: RM0.03 loss per share (down from RM0.012 profit in 1Q 2021). Revenue: RM769.3m (up 30% from 1Q 2021). Net loss: RM19.5m (down 352% from profit in 1Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 72%. Over the next year, revenue is forecast to grow 21%, compared to a 19% growth forecast for the industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Buying Opportunity • Apr 05
Now 22% undervalued Over the last 90 days, the stock is up 2.7%. The fair value is estimated to be RM1.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: RM0.024 loss per share (up from RM0.25 loss in FY 2020). Revenue: RM2.54b (down 14% from FY 2020). Net loss: RM15.4m (loss narrowed 91% from FY 2020). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 72%. Over the next year, revenue is forecast to grow 32%, compared to a 18% growth forecast for the industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 24
Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2021 results: RM0.068 loss per share (down from RM0.011 loss in 3Q 2020). Revenue: RM439.3m (down 55% from 3Q 2020). Net loss: RM44.2m (loss widened RM36.9m from 3Q 2020). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 96%. Earnings per share (EPS) surpassed analyst estimates by 96%. Over the next year, revenue is forecast to grow 37%, compared to a 14% growth forecast for the industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Executive Departure • Oct 07
Company Secretary Poh Wong has left the company On the 1st of October, Poh Wong's tenure as Company Secretary ended after 2.5 years in the role. We don't have any record of a personal shareholding under Poh's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.25 years. Reported Earnings • Aug 26
Second quarter 2021 earnings released: RM0.034 loss per share (vs RM0.12 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: RM638.0m (up 24% from 2Q 2020). Net loss: RM22.2m (loss narrowed 72% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 02
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 30 June 2021. Trailing yield: 2.6%. Lower than top quartile of Malaysian dividend payers (4.1%). Higher than average of industry peers (2.2%). Reported Earnings • May 25
First quarter 2021 earnings released: EPS RM0.012 (vs RM0.014 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: RM593.1m (down 19% from 1Q 2020). Net income: RM7.74m (up RM17.0m from 1Q 2020). Profit margin: 1.3% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • May 25
Tan Chong Motor Holdings Berhad Declares Interim Single Tier Dividend for the Year Ending 31 December 2021, Payable on 30 June 2021 The Board of Tan Chong Motor Holdings Berhad has declared an interim single tier dividend of 1.5 sen per share for the financial year ending 31 December 2021 to be paid on 30 June 2021 to shareholders whose names appear in the Register of Members on 10 June 2021. Reported Earnings • Apr 01
Full year 2020 earnings released: RM0.25 loss per share (vs RM0.067 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: RM2.96b (down 29% from FY 2019). Net loss: RM165.6m (down 479% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 28
New 90-day high: RM1.23 The company is up 19% from its price of RM1.03 on 29 September 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.12 per share. Upcoming Dividend • Dec 04
Upcoming Dividend of RM0.015 Per Share Will be paid on the 28th of December to those who are registered shareholders by the 11th of December. The trailing yield of 2.6% is below the top quartile of Malaysian dividend payers (4.3%), but it is higher than industry peers (2.3%). Is New 90 Day High Low • Nov 30
New 90-day high: RM1.12 The company is up 9.0% from its price of RM1.03 on 01 September 2020. The Malaysian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.40 per share. Announcement • Oct 31
Tan Chong Motor Holdings Berhad Announces the Resignation of Siew Kah Toong as Independent and Non Executive Member of Nomination Committee Tan Chong Motor Holdings Berhad announced the resignation of Mr. Siew Kah Toong as Independent and Non Executive Member of Nomination Committee. Date of change is October 31, 2020. 
