Tan stock price forecast the latest "tan stock price forecast"

The latest "tan stock price forecast" suggests a modest upward momentum in Q3 2024, driven by increasing demand in solar ETFs and clean energy equities. Analysts note support around $59.80 and potential breakout resistance at $64.20, aligning with the broader renewable energy sector rally. To get a sense of who is truly in control of Tan Chong Motor Holdings Berhad ( KLSE:TCHONG ), it is important to understand the ownership structure of the business. With 45% stake, private companies possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Based on our bottom-up analysis, the Japanese equity market is moderately undervalued, with our coverage trading at a 0.89 times price/fair value ratio. We believe the most attractively priced sectors are consumer cyclicals, technology, and industrials. However, we expect a mixed performance and have a preference for specific company equities. We make no attempt to represent of every sector. Hence, if our coverage in a particular sector is seeing limited upside to our fair value estimates, we may not have any ideas, such as for communication services. The following are short comments on the recommended stocks. In the current "tan stock price forecast", macroeconomic tailwinds, including U.S. tax credits for solar projects, are boosting investor confidence. The ETF’s weighted holdings in top solar companies may push a near-term target of $65.