TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Trans-China Automotive Holdings Ltd. ( (SG:VI2) ) has provided an update.
Trans-China Automotive Holdings Ltd. has reported significant gross losses in its automobile sales segment, with a notable decline in revenue from RMB3.46 billion in FY2023 to RMB2.55 billion in FY2024. The company’s net loss has also widened, attributed partly to BMW’s loss of market share in China due to the growing adoption of local new energy vehicles. The company is unable to disclose specific figures due to confidentiality clauses in their OEM agreements.
More about Trans-China Automotive Holdings Ltd.
Trans-China Automotive Holdings Ltd. operates in the automotive industry, primarily retailing luxury vehicles such as BMW, McLaren, and Genesis. BMW serves as the main revenue driver for the company.
YTD Price Performance: -42.00%
Average Trading Volume: 1,254,331
Technical Sentiment Signal: Buy
Current Market Cap: S$16.51M
Learn more about VI2 stock on TipRanks’ Stock Analysis page.