Positive factors driving Tan Chong Motor’s outlook

But with the worst believed to be over for TCM, Maybank IB Research has upgraded the stock to a “hold’’ from “sell’’ previously with a target price of RM1.14.

PETALING JAYA: While the worst may be over for Tan Chong Motor Holdings Bhd (TCM), the group may continue to see weak earnings going forward.

Analysts have mixed views on the stock given the uncertainties in the market due to the Covid-19 pandemic and other factors.