TCH - Real estate segment to be new growth engine - Visit Note
We recently had a meeting with the company’s management and following are key takeaways: TCH is a leading US truck distributor in the domestic market. According to the company, its current market share in the US truck sub-segment is about 80%. Truck distribution is currently TCH’s key business line, accounting for about 90% of total revenue and about 70%-80% of gross profit. The company’s improving results in recent years have also come from this segment.