Tan Chong Motor Holdings Berhad Third Quarter 2024 Earnings: RM0.14 loss per share (vs RM0.078 loss in 3Q 2023)

Simply Wall St

November 27, 2024

Tan Chong Motor Holdings Berhad (KLSE:TCHONG) Third Quarter 2024 Results

Key Financial Results

Revenue: RM462.7m (down 29% from 3Q 2023).
Net loss: RM90.3m (loss widened by 78% from 3Q 2023).
RM0.14 loss per share (further deteriorated from RM0.078 loss in 3Q 2023).

earnings-and-revenue-growth — KLSE:TCHONG Earnings and Revenue Growth November 27th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tan Chong Motor Holdings Berhad Earnings Insights

Looking ahead, 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.

Performance of the market in Malaysia.

The company's shares are down 9.1% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Tan Chong Motor Holdings Berhad (at least 1 which is a bit unpleasant), and understanding them should be part of your investment process.

Valuation is complex, but we're here to simplify it.

Discover if Tan Chong Motor Holdings Berhad might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.