Tan Chong expects to maintain its hold on TIV by leveraging off the ongoing tax holiday, as well as the introduction of new vehicles that it anticipates will help boost sales.
PETALING JAYA: Despite widening losses for its fourth quarter ended Dec 31,2020, Tan Chong Motor Holdings Bhd (TCM) remains optimistic about maintaining its 3% total industry volume (TIV) market share for this year.
The group expects to maintain its hold on TIV by leveraging off the ongoing tax holiday, as well as the introduction of new vehicles that it anticipates will help boost sales.
CGS-CIMB in a report yesterday said the group is aiming to maintain its domestic market share at approximately 3% of TIV in 2021, driven by new models such as the Nissan Almera and Navara pick-up truck.
TCM hit by domestic sales, Vietnam operations
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SAIC makes Tan Chong s Viet unit distributor
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Tan Chong Motor will undertake its LSS4 venture via a consortium comprising its two listed sister companies, APM Automotive Holdings Bhd
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Except for Tan Chong Motor, Advancecon and MK Land, all shortlisted bidders won 50MW in LSS4 capacity each, which is the maximum capacity allowed for a single bidder.
“Actual financial details of the individual LSS4 projects are still sketchy at this point, pending further disclosure by the respective companies.
“As a ballpark figure, however, we estimate about RM11mil to RM13mil incremental annual Ebitda for the 50MW LSS4 assets, assuming a project IRR of 6% to 8%, capital expenditure (capex) of RM2.5mil per MW, capacity factor of 16.7% and average tariff of 18.7 sen to 21.7 sen per kwh, ” MIDF Research said in a note yesterday.