【TCHONG 4405 交流专区】陈唱摩托

icy97

陳唱摩哆 第3季淨利大挫94%

企業財經26 Nov 2014 20:49
（吉隆坡26日訊）汽車業務賺幅受壓，減少汽車存量的陳唱摩哆（TCHONG，4405，主要板消費）截至9月底第3季，淨利按年大挫94%至187萬令吉。

儘管金融服務和其他營運業務的收入有增加趨勢，但第3季營業額也下跌9%至11億4901萬令吉。
　
陳唱摩哆向馬證交所報備，儘管汽車需求料持續下跌，但預計汽車業務能通過積極的促銷活動取回市場份額。

“印度支那業務料持續虧損，但越南業務收入料可改善，因為已解決關稅問題。”

該公司也預計其他業務表現能改善。

陳唱摩哆本財年首9個月淨利挫47%至9718萬6000令吉；營業額跌9%至34億9675萬令吉。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2014	30/09/2013	30/09/2014	30/09/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,149,006	1,267,761	3,496,750	3,844,742
2	Profit/(loss) before tax	10,186	49,664	155,472	264,412
3	Profit/(loss) for the period	2,993	16,983	111,409	168,343
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,870	31,665	97,186	183,113
5	Basic earnings/(loss) per share (Subunit)	0.29	4.85	14.89	28.05
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	3.00	15.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	4.2100		4.1500

icy97

陈唱越南独家销售川崎摩托

财经新闻 财经  2014-12-02 11:17
（吉隆坡1日讯）陈唱摩多（TCHONG，4405，主板消费产品股）通过旗下独资子公司越南陈唱摩多，与川崎重工业（Kawasaki）签署分销合约，以在越南独家销售川崎品牌的重型摩托和相关配件。

陈唱摩多向马交所报备，越南陈唱摩多所获得的合约期限长达3年，可再延长。

该公司上月10日获得越南何志明市政府颁发投资认证，批准越南陈唱摩多进出口与售卖摩托车及相关零件，为期20年。

陈唱摩多共投入了100万美元（约333万令吉）资本，用作营运资本和设立展示厅用途。【南洋网财经】

Type	Announcement
Subject	OTHERS
Description	APPOINTMENT AS EXCLUSIVE DISTRIBUTOR OF KAWASAKI SPORTS MOTORCYCLES IN VIETNAM
The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH”) informs that TC Motorcycles (Vietnam) Co. Ltd. (“TC Motorcycles Vietnam”), a wholly-owned subsidiary of TCMH, has entered into a Distributorship Agreement (“the Agreement”) with Kawasaki Heavy Industries Ltd. (“KHI”) of Japan on 1 December 2014 in respect of the appointment of TC Motorcycles Vietnam as an exclusive distributor to sell completely built-up KAWASAKI brand sports type motorcycles (excluding mopeds and scooters) and spare parts and accessories in the Socialist Republic of Vietnam. The distributorship appointment is for a period of three (3) years and is subject to renewal. TC Motorcycles Vietnam was established with an investment certificate dated 31 October 2014 issued by the Ho Chi Minh City People’s Committee to import motorcycles and motorcycle components for sale to registered dealers in Vietnam and for export. Further details on TC Motorcycles Vietnam can be found in the announcement made by TCMH to Bursa Malaysia on 10 November 2014. The distributorship appointment by KHI will provide the TCMH Group an opportunity to enter the niche market for sports type motorcycles at the time when the Vietnamese Government has relaxed regulations on issuance of A2 licenses for motorbikes with engine capacity of more than 175 cc to the general public effective 1 March 2014. The distributorship appointment has no material effect on the earnings, net assets and gearing of the TCMH Group for the financial year ending 31 December 2014. None of the directors and/or substantial shareholders of TCMH and/or persons connected with them, has any interest, direct or indirect, in the said appointment. This announcement is dated 1 December 2014.

icy97

缺新車款‧陳唱財測目標價下調

2014-12-29 17:05      
（吉隆坡29日訊）陳唱摩多（TCHONG,4405,主板消費品組）缺乏足以抗敵的新車款，明年料繼續面臨市場競爭及匯率挑戰，分析員因此下調財測及目標價，惟評級則上修。

興業研究指出，該公司2014年盈利已因越南運作問題及本地業務受競爭局勢改變而損失慘重，2015年料繼續面臨挑戰。

2014年，本地市場競爭局勢改變，豐田及本田紛紛推出新的B級類型汽車奪回2013年丟失於日產Almera的市佔率。

“雖然陳唱摩多已犧牲利潤改變產品，日產依然是今年表現最糟的外國汽車品牌，11個月銷售按年跌15.4%至4萬1千零88輛。”

另外，該公司與越南海關糾紛（已在8月解決），因無法在最佳時期進口零件，峴港工廠產量受挫，導致越南子公司庫存撥備走高及面臨稅前虧損。

明年初，陳唱摩多計劃推出全新的日產X-Trail運動型多用途（SUV）汽車，填補大馬新款車走跌的重大缺口，放眼每月銷售400至500輛目標。

除此之外，該行也預測，陳唱摩多將在2015年推出改良版的日產Almera及新Navara小型貨車，不過新X-Trail將面對同類型領導者馬自達CX-5及本田CR-V的強勁競爭。

這兩款車已分別在今年6個月及11個月內，取得550至587輛的月銷量。

“儘管明年推出改良版Almera，日產依然在該級別缺乏足以競爭的車款。”

2015年1月，馬自達準備推出掀背車及轎車兩款新車，日產管理層則表示，日產Note掀背車因價格及競爭因素無法在大馬推出。

利潤續受美元走強侵蝕

陳唱摩多有意檢討業務模式，降低運作資本及縮減資本開銷計劃，以減輕資產負債表壓力，包括結構轉移至輕資產業務模式，除去一些顯著資本負擔的資產及降低存貨水平。

興業研究認為，陳唱摩多可重新考量分銷商策略減少行政成本，因同儕如本田及馬自達都是以獨立分銷商網絡為主，並有助於獎勵銷售團隊。

風險方面，該行預計陳唱摩多利潤持續受美元走強侵蝕，因該公司有約60%的生產成本以外匯交易，美元佔80%，日圓走弱料無法抵消美元走強的利空，其他風險包括經濟成長比預期低、消費情緒疲弱、高利率及融資緊縮環境。

“預見2015年將因缺乏B級別產品，面臨另一個艱難年頭，大馬日產產品將持續以價格競爭為主，而不是產品吸引力。”

評級調升至“中和”

有鑑於此，在調整銷售預測後，興業研究分別下調2014至2016年可循環淨利預測4.8%、12.8%及13.6%，目標價從3令吉55仙調低至3令吉10仙，評級則因估值強穩而從“賣出”調升至“中和”。（星洲日報／財經‧報道：郭曉芳）


股价比账面值折价21.6% 陈唱可获支撑宜守住
财经新闻 财经  2014-12-31 03:12
http://www.nanyang.com/node/672181?tid=462

icy97

Date of change	01/01/2015
Name	Dato’ Tan Heng Chew
Age	68
Nationality	Malaysian
Type of change	Others
Designation	President
Directorate	Executive
Qualifications	Bachelor of Engineering (Honours) degree from the University of New South Wales, Australia. Masters degree in Engineering from the University of Newcastle, Australia.
Working experience and occupation	Dato’ Tan joined the Tan Chong Group of companies in 1970 and was instrumental in the establishment of the Autoparts Division in the 1970s and early 1980s. He was appointed to the Board of Tan Chong Motor Holdings Berhad ("TCMH" or "the Company") on 19 October 1985 and was subsequently appointed as the Executive Deputy Chairman on 1 January 1999. He was re-designated as Executive Deputy Chairman and Group Managing Director on 1 July 2012. His corporate title has been changed to President effective 1 January 2015. Dato’ Tan is also the President of APM Automotive Holdings Berhad and Warisan TC Holdings Berhad.
Directorship of public companies (if any)	APM Automotive Holdings Berhad Warisan TC Holdings Berhad
Family relationship with any director and/or major shareholder of the listed issuer	Spouse of Dato’ Khor Swee Wah @ Koh Bee Leng, a Director and Executive Vice President of TCMH Brother of Mr Tan Eng Soon, a major shareholder of TCMH Director and shareholder of Tan Chong Consolidated Sdn Bhd ("TCC"), a major shareholder of TCMH
Any conflict of interests that he/she has with the listed issuer	Dato’ Tan has abstained from deliberating and voting in respect of transactions between the TCMH Group and related parties involving himself.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest = 26,985,362 shares (4.134%) Indirect/Deemed interests = 286,094,230 shares (43.828%)# #Indirect/Deemed interests of Dato' Tan Heng Chew comprise the following: (a) Deemed interests by virtue of Section 6A of the Companies Act, 1965: Held by TCC: 263,828,240 shares Held by Wealthmark Holdings Sdn Bhd: 10,953,600 shares         (b) Interests of spouse and children by virtue of Section 134(12)(c) of the Companies Act, 1965: 11,312,390 shares By virtue of his interests in the Company, Dato’ Tan is deemed to have an interest in shares in all the subsidiaries to the extent that the Company has an interest.

Remarks :

With effect from I January 2015, the Executive Directors of the Company no longer use the title “Executive Director” or other similar title but use their corporate titles which have been aligned to their executive functions and responsibilities and delegated functions. In the case of Dato’ Tan Heng Chew, he ceases to use the title “Executive Deputy Chairman and Group Managing Director” but instead uses the title “President”. The change in corporate title does not affect Dato’ Tan's capacity as an Executive Director of the Company. He continues to carry out his role as Chairman of the Board.

Date of change	01/01/2015
Name	Dato' Khor Swee Wah @ Koh Bee Leng
Age	66
Nationality	Malaysian
Type of change	Others
Designation	Others
Directorate	Executive
Qualifications	Dato' Khor Swee Wah @ Koh Bee Leng (Dato' Rosie Tan) graduated from the University of Newcastle, New South Wales, Australia with a Bachelor of Commerce (Accounting) degree in year 1970.
Working experience and occupation	Dato' Rosie Tan began her career in the Treasury Department of Tan Chong Group after her graduation in 1970 and was subsequently appointed as Deputy Managing Director of Tan Chong & Sons Motor Company Sdn Bhd on 10 January 2004. During her over 40 years' stint in the Group, she managed the multi-currency exposure of the Group and introduced the use of various innovative hedging products as part of her effort in minimizing cost for the Group; set up the Group's Treasury Department and Human Capital Management Division; and transformed a manual and traditional organisation into an IT process driven operations. She was appointed to the Board of Tan Chong Motor Holdings Berhad as Executive Director on 22 March 2013. Her corporate title has been changed to Executive Vice President effective 1 January 2015. Dato' Rosie Tan leads an active life within and outside her profession. Over the years, she has established a name for herself in the Malaysian society for her involvement as the Honorary Treasurer (1994 - 1999) and Honorary Trustee (1999 - 2003) of the Malaysian Aids Foundation. She is also a Trustee of the Pink Triangle Foundation, a non-profit organisation providing HIV Aids Education to the Malaysian society.
Directorship of public companies (if any)	None
Family relationship with any director and/or major shareholder of the listed issuer	Spouse of Dato' Tan Heng Chew, the President and a major shareholder of Tan Chong Motor Holdings Berhad ("TCMH" or "the Company"). Dato' Tan Heng Chew is also a director and shareholder of Tan Chong Consolidated Sdn Bhd, a major shareholder of TCMH.
Any conflict of interests that he/she has with the listed issuer	Dato' Rosie Tan has abstained from deliberating and voting in respect of transactions between TCMH Group and related parties involving herself.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest = 9,562,390 shares (1.465%) Indirect interest = 303,517,202 shares (46.497%)# #Interests of spouse and children by virtue of Section 134(12)(c) of the Companies Act, 1965.

Remarks :

With effect from I January 2015, the Executive Directors of the Company no longer use the title “Executive Director” or other similar title but use their corporate titles which have been aligned to their executive functions and responsibilities and delegated functions. In the case of Dato' Rosie Tan, she ceases to use the title “Executive Director” but instead uses the title "Executive Vice President". The change in corporate title does not affect Dato' Rosie Tan's capacity as an Executive Director of the Company.

Date of change	01/01/2015
Name	Ling Ou Long @ Ling Wuu Long
Age	70
Nationality	Malaysian
Type of change	Others
Designation	Others
Directorate	Executive
Qualifications	Mr. Ling graduated from National Taiwan University with a Bachelor of Science Degree in Mechanical Engineering. He is a Professional Engineer registered with the Board of Engineers Malaysia and a member of the Institute of Engineers Malaysia.
Working experience and occupation	Mr Ling joined Tan Chong Group as an engineer in November 1970 to study parts localisation for the motor industry and subsequently became one of the pioneer members who established the Auto Parts Division of the Tan Chong Group. During his over 40 years' stint in the Tan Chong Group, Mr Ling held several senior management positions including executive director of the press metal parts subsidiary and assembly plant company. He was appointed to the Board of Tan Chong Motor Holdings Berhad ("the Company") as Executive Director on 22 March 2013. His corporate title has been changed to Executive Vice President effective 1 January 2015.
Directorship of public companies (if any)	None
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest = NIL Indirect interest = 5,000 shares# # Interest of spouse by virtue of Section 134(12)(c) of the Companies Act, 1965.

Remarks :

With effect from I January 2015, the Executive Directors of the Company no longer use the title “Executive Director” or other similar title but use their corporate titles which have been aligned to their executive functions and responsibilities and delegated functions. In the case of Mr. Ling Ou Long, he ceases to use the title “Executive Director” but instead uses the title “Executive Vice President”. The change in corporate title does not affect Mr. Ling's capacity as an Executive Director of the Company.

Date of change	01/01/2015
Name	Ho Wai Ming
Age	44
Nationality	Malaysian
Type of change	Others
Designation	Chief Financial Officer
Directorate	Executive
Qualifications	1. Fellow of the Association of Chartered Certified Accountants (ACCA) 2. Member of the Malaysian Institute of Accountants (MIA) 3. Member of the Chartered Tax Institute of Malaysia (CTIM)
Working experience and occupation	Mr Ho has more than 20 years' experience in taxation, accounting and finance. He joined Tan Chong Motor Holdings Berhad ("TCMH" or "the Company") Group as Senior Manager (Taxation) in September 2005 and rose to the position of Executive Director and Group Financial Controller on 22 March 2013 and 1 April 2013 respectively. His corporate title has been changed to Chief Financial Officer effective 1 January 2015. During his over 9 years stint in the Group, Mr Ho has been involved in various financial and corporate management functions within the Group. Immediately prior to joining TCMH Group, he was a Senior Consultant of PricewaterhouseCoopers Taxation Services Sdn Bhd. He also served as an Accountant for the Bechtel Corporation’s companies in Malaysia.
Directorship of public companies (if any)	None
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	None

Remarks :

With effect from I January 2015, the Executive Directors of the Company no longer use the title “Executive Director” or other similar title but use their corporate titles which have been aligned to their executive functions and responsibilities and delegated functions. In the case of Mr. Ho Wai Ming, he ceases to use the title “Executive Director” but instead uses the title “Chief Financial Officer”. The change in corporate title does not affect Mr. Ho's capacity as an Executive Director of the Company.

icy97

陈唱越南设公司 分销汽车维修进口零件

财经新闻 财经  2015-02-25 11:28
（吉隆坡24日讯）陈唱摩多（TCHONG，4405，主板消费产品股）获准在越南成立子公司，分销汽车、进口零件及提供维修服务。

根据文告，独资子公司陈唱服务纳闽（越南）有限公司，获批注册成立陈唱服务越南公司，总投资资本为1000万美元（3574万令吉），其中500万美元（1787万令吉）来自陈唱服务纳闽。

这些资金将用在成立展示厅、服务中心和仓库。【南洋网财经】

Type	Announcement
Subject	OTHERS
Description	ESTABLISHMENT OF A NEW SUBSIDIARY IN VIETNAM
The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) informs that TC Services Labuan (V) Pte Ltd, a wholly-owned subsidiary of TCMH Group, has on 14 February 2015 received a Certificate of Investment dated 13 February 2015 (“Investment Certificate”) from Bac Ninh Province People’s Committee, Vietnam confirming the registration of the establishment of its wholly-owned subsidiary named TC Services Vietnam Co., Ltd. (“TC Services Vietnam”) for the purposes of retail distribution of various kinds of automobiles,  provision of automotive maintenance, repair and spare parts services and the importation of  automotive spare parts and accessories, in accordance with the Laws of Vietnam (“Project”).  The Project is located in VSIP Bac Ninh Township and Service Complex, Phu Chan Commune, Tu Son Town, Bac Ninh Province near Hanoi.   The total investment capital for the Project is USD10.0 million of which USD5.0 million is capital contribution as charter capital, from TC Services Labuan (V) Pte Ltd. The capital will be utilized for setting up TCMH Group’s first 3S operations in Vietnam, comprising showroom, a service centre and warehouse. The total investment capital including the charter capital will be funded via internally generated funds. The Project has no material effect on the earnings, net assets and gearing of TCMH Group for the financial year ending 31 December 2015. This announcement is dated 17 February 2015.

icy97

陳唱摩哆末季淨利挫87%

財經企業25 Feb 2015 20:26
（吉隆坡25日訊）陳唱摩哆（TCHONG，4405，主要板消費）上財年截至12月底末季營業額按年跌7%，淨利勁挫87%至867萬令吉，仍每股派息3仙。

汽車業務因市場競爭激烈受挫，該公司上財年全年營業額按年跌8%至47億6063萬令吉，淨利挫58%至1億585萬令吉。

陳唱摩哆指出，強勁促銷活動已成功將庫存從前年的17億3000萬令吉，減少至15億2000萬令吉。

隨著歐元區經濟危機和國際油價走跌，未來全球經濟依然挑戰，令吉貶值對汽車原料進口成本帶來壓力。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2014	31/12/2013	31/12/2014	31/12/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,263,878	1,353,749	4,760,628	5,198,491
2	Profit/(loss) before tax	15,373	95,710	170,845	360,122
3	Profit/(loss) for the period	8,245	67,284	119,654	235,627
4	Profit/(loss) attributable to ordinary equity holders of the parent	8,667	67,839	105,853	250,952
5	Basic earnings/(loss) per share (Subunit)	1.33	10.39	16.22	38.44
6	Proposed/Declared dividend per share (Subunit)	3.00	6.00	6.00	21.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	4.2200		4.1500

icy97

Type	Announcement
Subject	OTHERS
Description	Valuation of Non-Current Assets
1.  INTRODUCTION Pursuant to Paragraph 9.19(46) and Part H of Appendix 9A of the Main Market Listing Requirements, the Board of Directors of Tan Chong Motor Holdings Berhad ("TCMH" or "the Company") wishes to announce that the Company has carried out a revaluation exercise on the Company’s and its subsidiaries’ (“the Group”) investment properties which consist of buildings, leasehold land and freehold land situated in Malaysia (“Properties”). The Board of TCMH had on 25 February 2015 approved the incorporation of the net gain arising from a change in the fair value of investment properties of the Group (“Investment Properties”) in the consolidated financial statements of TCMH for the financial year ended 31 December 2014. 2.  PURPOSE OF REVALUATION The purpose of the valuation is to reflect the fair value of the Properties in compliance with Malaysian Financial Reporting Standard (“MFRS”) MFRS 140: Investment Property. 3.  REVALUATION SURPLUS, NAME OF VALUER, DATE OF VALUATION AND VALUATION ON PROPERTIES BY VALUER The valuation of the Properties was conducted by Rahim & Co Chartered Surveyors Sdn. Bhd.   Please refer to Appendix A for the details. 4.  EFFECT OF THE REVALUATION SURPLUS ON NET ASSETS PER SHARE The recognition of gain amounting to RM6.7 million (net of deferred tax) arising from change in the fair value of investment properties will not have any material effect on the Group’s net assets. 5.  DOCUMENTS FOR INSPECTION The valuation reports on the Properties are available for inspection at the registered office of TCMH at 62-68, Jalan Sultan Azlan Shah, 51200 Kuala Lumpur, during normal business hours for a period of three (3) months from the date of this announcement. This announcement is dated 25 February 2015. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1885113

Attachments Appendix A.pdf

icy97

美元走强赚幅受压 陈唱今年挑战重重

财经新闻 财经  2015-02-28 11:41
（吉隆坡27日讯）由于美元兑令吉走强，影响陈唱摩多（TCHONG，4405，主板消费产品股）净利前景，加上市场竞争激烈，分析员相信集团今年将面对重重挑战。

陈唱摩多截至去年底末季净利，按年减少87.22%，达866万7000令吉；全年则净赚1亿585万令吉，收窄57.82%，普遍逊于市场预测。

大马研究指，在2014财年面对严重的折现（discounting）以及市占率下跌后，集团将在今年面对新的挑战，就是美元大幅走强。

新车款难推高净利

“为库存管理，陈唱摩多在美元走强前停止购买车架，如今只能够在美元走高时重新订货。此外，由于赚幅受压，净利对美元波动更敏感。”

分析员指，美元每升1%，将把集团2015财年净利拉低16%。即便推出新车款，净利也不会强劲复苏。

该集团在2015年已推出新的日产X-Trail运动型多功能车和改版的Almera。

券商砍今明年财测

JF APEX证券表示，商业环境和市场竞争依然激烈，而生活成本升高和贷款申请收紧，影响消费者情绪，加上令吉走低，侵蚀集团的净利。

分析员把2015和2016财年的汽车销量预测，分别下调至5万709辆，以及5万5273辆，净利预估则分别调低16.4%和15.5%，达1亿4218万令吉和1亿8168万令吉。

此外，大马研究指，现财年价格对账面价值达0.7倍，接近2007财年低点的0.5倍，但该股在疲弱的净利前景下缺乏催化剂。

分析员预计，市场会在短期内大幅调低净利预测。

不过，重组计划让集团能够渡过低迷期，这包括通过分拆资产，将净负债从47%减少至15%，改善资产负债表、在2015年首季减少库存至12亿令吉，以及在2014财年重新融资平均超过7年的债务。



【南洋网财经】

icy97

陈唱摩多区域总部 泰国促投委员会批准

财经新闻 财经  2015-04-04 11:39
（吉隆坡3日讯）陈唱摩多（TCHONG，4405，主板消费产品股）在泰国设子公司，作为区域营运总部。

该公司向马交所报备，新设立的独资子公司名为陈唱湄公区域公司（TC Mekong），子公司注册资本为1亿泰铢（约1000万令吉），分为100万股。

陈唱湄公区域公司将为陈唱摩多与其联号公司，提供原料与零部件采购、产品研究与发展、技术支援、商业咨询等服务。

陈唱摩多于区域营运总部的投资案，已获泰国促进投资委员会（BOI）批准。【南洋网财经】

Type	Announcement
Subject	OTHERS
Description	REGISTRATION OF NEW SUBSIDIARY IN THAILAND
The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) informs that the Group has registered a wholly-owned subsidiary named Tan Chong Mekong Regional Co., Ltd (“TC Mekong”) as a juristic person by virtue of the Civil and Commercial Code of Thailand as evidenced by a Certificate of Registration of Partnerships and Companies dated 31 March 2015 issued by the Department of Business Development, Ministry of Commerce, Thailand. The principal activity of TC Mekong is to carry on as a Regional Operating Headquarters (ROH) with the objective to provide TCMH and its affiliated companies services in the areas of sourcing of raw materials and parts, product research and development, technical support, business advisory services, among others. The ROH investment promotion was approved by the Board of Investment of Thailand on 5 February 2015 and the investment promotion was duly accepted by the Group on 19 March 2015. TC Mekong has a registered capital of THB100,000,000/- (One Hundred Million Baht) divided into 1,000,000 shares with a par value of THB100/- each, and of which THB 25/- has been paid for each share. The shareholders of TC Mekong are set out in the table attached below. The registration of TC Mekong is not expected to have any material effect on the earnings, gearing or net assets of the Group for the financial year ending 31 December 2015. None of the Directors and/or major shareholders of the Company or persons connected with them, has any interest, direct or indirect, in the registration of TC Mekong. This announcement is dated 2 April 2015. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1922589

Attachments TC Mekong (shareholders).pdf

icy97

TAN CHONG MOTOR HOLDINGS BERHAD

EX-date	01 Jun 2015
Entitlement date	03 Jun 2015
Entitlement time	05:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final Single Tier Dividend of 6%
Period of interest payment	to
Financial Year End	31 Dec 2014
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR SERVICES SDN BHD (UNSPECIFIED)Level 17, The Gardens North TowerMid Valley City, Lingkaran Syed Putra59200 Kuala LumpurTel:0322643883Fax:0322821886
Payment date	23 Jun 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	03 Jun 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	01 Jun 2015
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in Percentage (%)	6.0
Par Value	Malaysian Ringgit (MYR) 0.500

icy97

馬幣貶‧成本增‧陳唱首季少賺37%

2015-05-14 10:28      
（吉隆坡13日訊）歸咎於馬幣走貶推高組裝汽車成本，以及融資成本走揚，陳唱摩多（TCHONG，4405，主板消費品組）截至2015年3月31日止第一季，淨利萎縮36.47%至2千634萬8千令吉。

首季營業額在汽車、融資和投資與產業等其他業務增長扶持下，增長24.5%至15億6千906萬令吉。

該公司發文告指出，消費稅（GST）在今年4月1日上路後，部份汽車售價出現下調，但基於新稅推高生活成本，消費者情緒仍相對脆弱，因此現談論消費稅衝擊仍言之尚早。

“馬幣兌美元持續走貶，將反映在高零件進口成本上，令進口商憂心不已。集團將審慎和合理控制資本和營運開銷。”

陳唱摩多補充，集團將採取必要措施監控外匯風險來維持獲利表現，並確保業務的可持續性。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,569,060	1,260,193	1,569,060	1,260,193
2	Profit/(loss) before tax	43,778	63,930	43,778	63,930
3	Profit/(loss) for the period	25,704	41,720	25,704	41,720
4	Profit/(loss) attributable to ordinary equity holders of the parent	26,348	41,474	26,348	41,474
5	Basic earnings/(loss) per share (Subunit)	4.04	6.35	4.04	6.35
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	4.2600		4.2200

icy97

消費低迷‧信貸緊縮‧陳唱摩多好淡爭持

2015-05-14 16:58      
（吉隆坡14日訊）陳唱摩多（TCHONG，4405，主板消費品組）2015財政年第一季盈利稍有驚喜，但分析員卻無法開心太久，因消費者情緒低迷不振，加上信貸持續緊縮和車市競爭激烈等利空環繞，盈利前景恐依舊好淡爭持。

首季業績普遍符預期

受馬幣走貶推高組裝汽車成本，以及融資成本走揚拖累，陳唱摩多截至2015年3月31日止第一季淨利萎縮36.47%至2千634萬8千令吉，表現普遍符合分析員預期。

MIDF研究指出，按季論，陳唱摩多盈利增長204%，今年首季集團除息稅前盈利（EBIT）賺益上揚3.2%，顯示集團可能擺脫過去兩季的低迷，開始走向復甦之路。

“此外，第三代X-Trail車款在1月推介，成功推高日產（Nissan）銷售走揚10.6%至1萬3千226輛，更強化我們對集團的樂觀程度。”

但肯納格研究則樂觀不起來，認為消費者情緒依舊低迷、信貸持續緊縮、國內車市競爭激烈，以及美元走強推高進口成本等利空環繞，今年車市環境將持續挑戰重重。

聯昌研究表示，雖然車價在消費稅（GST）落實後有所下跌，但並不預期日產銷售將出現顯著上升，因新稅上路拉高物價恐使消費者情緒持續脆弱。

大馬研究也認同，消費者可能需要1至2個月來消化新稅利空，而與領域業者接觸更發現首季後汽車銷售確實出現下滑。

受強勢美元打擊

聯昌研究認為，基於陳唱摩多龐大組裝汽車（CKD）成本以美元計價，美元走強將是集團淨利下個威脅。

目前，陳唱摩多高達80%的CKD成本以美元計價，其餘為日圓，因此在美元強勢的環境中深受打擊。

儘管如此，多家證券行仍看好陳唱摩多盈利將趨向改善，豐隆研究更大幅提高其2015財政年盈利目標，從3千萬令吉增至7千100萬令吉，但聯昌研究則唱反調，大砍2015至2017財政年每股盈利目標24至30%。

投資策略方面，馬銀行研究表示，陳唱摩多過去1年股價已下跌46%，相信股價跌勢將受限，但縱然該股現以賬面值0.7倍水平交易，整體估值誘人，短期盈利卻無重大重估催化因素，因此維持“守住”評級。

陳唱摩多盈利前景仍挑戰重重，拖累週四股價走跌，終場挫5仙至3令吉。



（星洲日報／財經‧報道：洪建文）

icy97

消费税冲击买气 陈唱摩多增长动力难持久

财经新闻 财经  2015-05-28 11:37
（吉隆坡27日讯）虽然陈唱摩多（TCHONG，4405，主板消费产品股）净利和扣除利息和税务前盈利（EBIT）赚幅按季增长，但券商普遍认为，该增长动力无法持久，因汽车购买情绪已受到消费税（GST）的冲击。

陈唱摩多日前公布截至3月31日首季，净利挫跌36.5%，至2634万8000令吉。对于最新的业绩，市场的看法分歧。

虽然净利按年收窄，但按季却激增204%，因公司在经过两季疲弱表现之后，已步入复苏阶段。

随着日产（Nissan）的销量按年增加10.6%，至1万3226辆，加强MIDF研究对陈唱摩多的乐观看法。

“我们认为，自EBIT赚幅在去年末季和第三季，分别收窄至1.2%和2.5%之后，在今年首季回弹至3.2%，是另一项获得改善的迹象。”

不过，JF Apex证券却质疑，公司净利按季增长的动力能否延续。

净利按季大涨，主要是因为促销活动和消费税执行前的购物潮，推高销量，但分析员认为，未来季度业绩，不会呈现销量按季强劲增长的动力。

分析员指，激烈竞争依然是集团的主要挑战。

“随着生活成本升高，我们相信消费者会比较倾向于购买物超所值的大型物品。”

其中，售价较低的国产车制造商的销量就是最佳证明，第二国产车（PERODUA）首季新车销量达5万7153辆，而日产仅1万3226辆。

消费情绪持续疲弱

消费者情绪在首季显得疲弱，而执行消费税后，分析员预计，该情况将会延续至次季之后。

基于今年没有推出A级车款，集团的市占率将会被其他业者夺取，特别是国产车制造商。

此外，汽车贷款条例收紧加上今年经济前景疲弱，也冲击消费者情绪。

因此，分析员把2015和2016财年净利预测，分别下调8.5%和12%，达1亿3002万令吉和1亿6004万令吉。

肯纳格投行则指，虽然日产本地组装（CKD）车款的售价，在执行消费税后下跌，但跌幅仅介于0.3%至2%，对买车成本的影响不显著，所以，不认为这是一个很强劲的上调评级催化剂。

因此，把2015财年净利预测下调3%，至1亿900万令吉；而2016财测则减少15%。



【南洋网财经】

icy97

RAM下修陳唱摩哆評級至負面

財經28 May 2015 21:55
（吉隆坡28日訊）消費稅落實后壓抑購車需求，RAM控股及旗下大馬評估機構咨詢服務（RAM Ratings）將陳唱摩哆（TCHONG，4405，主要板消費）長期評級從“穩定”調整至“負面”。

大馬評估機構咨詢服務調整陳唱摩哆前景，主要基于對公司現金流保護措施的擔憂、令吉貶值、汽車領域競爭激烈以致賺幅受壓，及消費稅落實后壓抑購車需求。

目前，該公司2014年至2021年，總值15億令吉的中期票據計劃短期評級為P1；2014年至2034年，總值15億令吉的中期票據為AA2評級。

“同時，我們重申陳唱摩哆的公司信貸評級為AA2和P1。”【中国报财经】

icy97

Date of change	27 May 2015
Name	Mr LING OU LONG @ LING WUU LONG
Age	70
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Retirement
Qualifications
Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest: NilIndirect interest: 5,000 shares (interest of spouse by virtue of Section 134(12)(c) of the Companies Act, 1965)

icy97

陈唱摩多次季少赚74%

财经新闻 财经  2015-08-29 12:46
（吉隆坡28日讯）陈唱摩多（TCHONG，4405，主板消费产品股）截至6月杪次季净利挫跌73.7%，收1415万9000令吉，相等于每股盈利2.17仙，并宣布派发每股2仙股息。

该公司去年同期净利为5384万2000令吉，或8.25仙。

但营业额则上涨24.5%，从10亿8755万令吉，涨至12亿6367万令吉。

上半年净利跌57.5%至4050万7000令吉；净利则扬20.66%至28亿3272万8000令吉。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,263,668	1,087,551	2,832,728	2,347,744
2	Profit/(loss) before tax	22,848	81,356	66,626	145,286
3	Profit/(loss) for the period	13,162	66,696	38,866	108,416
4	Profit/(loss) attributable to ordinary equity holders of the parent	14,159	53,842	40,507	95,316
5	Basic earnings/(loss) per share (Subunit)	2.17	8.25	6.21	14.60
6	Proposed/Declared dividend per share (Subunit)	2.00	3.00	2.00	3.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	4.2600		4.2200

icy97

EX-date	15 Sep 2015
Entitlement date	18 Sep 2015
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim Single Tier Dividend of 4%
Period of interest payment	to
Financial Year End	31 Dec 2015
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR SERVICES SDN BHDLevel 17, The Gardens North TowerMid Valley City, Lingkaran Syed Putra59200 Kuala LumpurTel:03-22643883Fax:03-22821886
Payment date	30 Sep 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	18 Sep 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	15 Sep 2015
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in Percentage (%)	4.0000
Par Value	Malaysian Ringgit (MYR) 0.500

icy97

陈唱摩多 财测目标价齐下调

财经 股市 行家论股  2015-09-03 11:34

目标价：2.53令吉

最新进展
陈唱摩多（TCHONG，4405，主板消费产品股）截至6月30日次季净利挫跌73.7%，收1415万9000令吉，相等于每股盈利2.17仙，并宣布派发每股2仙股息。

无论如何，营业额则上涨24.5%，从10亿8755万令吉，涨至12亿6367万令吉。

上半年净利跌57.5%至4050万7000令吉；净利则扬20.66%至28亿3272万8000令吉。

行家建议
陈唱摩多上半年的净利表现低于预期，仅占了市场全年预测的31%至32%之间。

业绩不理想主要因为汇率兑换冲击，以及汽车领域的激烈竞争环境影响。

商业环境恶化和汽车领域的竞争，将继续对陈唱摩多今年的前景带来挑战；同时，国内消费开销在第三季也开始收缩。

我们分别调低2015财年和2016财年的汽车销量达18%和6%，因而下调该集团的今明年盈利预测达31%和26%。

基于以上因素，目标价从原本的2.99令吉，下调至2.53令吉，并维持“守住”评级不变。



分析： JF Apex 证券

【南洋网财经】

icy97

陳唱：檢驗安全氣囊‧召回日產3車款

2015-09-22 17:37      
（吉隆坡22日訊）陳唱汽車經銷有限公司（ETCM）發文告宣佈，一項涉及高田（Takata）乘客安全氣囊專項服務的活動即日起展開，吁請日產車主提高關注度，以便為受影響的車輛進行檢驗。

涉及其中的日產車款包括X-Trail（2002至2007年）、Teana（2004年）及Liberty（2003年），相關車主請儘速到臨近的陳唱快速汽車服務中心（TCEAS）進行檢驗。

吁已檢修車主重新驗證

今年6月，陳唱汽車證實，共有1萬2千444輛大馬日產汽車，受到前艙乘客安全氣囊充氣器的影響，之後即展開一系列專項服務活動，顧客無需承擔替換零件及人工費。

鑑於年份問題，汽車擁有權或已更動，陳唱汽車因而提醒現任車主，查詢有關車輛是否牽涉在專項服務範圍內，車主可撥打顧客服務專線或登錄http://www.nissan.com.my（先點擊Owners，再點擊Service Campaign）。另一方面，由於系統重新分類之故，陳唱也吁請已為汽車檢修的車主，重新進行驗證。

本次召回檢驗活動，將不會對今年1月在大馬推出的全新日產X-Trail（T32），以及目前銷售的所有日產汽車構成影響。

陳唱汽車重視顧客的信心與安心課題，並為此不便深感歉意。顧客安全、服務與滿意效率，向來是陳唱與日產優先服務的事項，同時盡力地針對缺點作出適當的處理。（星洲日報）

icy97

陳唱汽車亞航BIG 推出100萬積分促銷

財經5 Oct 2015 23:00
（吉隆坡5日訊）陳唱汽車經銷（ETCM）推出“Millionaire Drive”活動，是與亞洲航空公司忠誠計劃亞航BIG聯辦的一項活動。

透過這項活動，15名於今年10月購買並註冊日產汽車的顧客，將有機會贏取總值100萬的BIG積分。首獎得主將贏得30萬BIG積分，此積分相等於5次來回東京、悉尼、北京首爾或數張本地機票。

此外，另外14名安慰獎得主將分別獲得5萬BIG積分，此積分可以換取數張本地機票或兩次來回暹粒、仰光、曼谷或清邁的機票。

亞航BIG積分的有效期為三年。顧客可按亞航機票的售價或亞航BIG 固定積分，輕鬆兌換亞航免費機票飛往目的地。【中国报财经 】