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PETALING JAYA: Logistics and port management companies are on track to post robust earnings on the strong recovery of Malaysia’s trade performance, according to RHB Research.
Analysts generally expect Tasco Bhd to post stronger quarters ahead, in anticipation of a recovery in external trade activities and contribution from its new warehouse capacity.
Tasco Bhd’s net profit dropped 32.37% to RM13.82 million for the third quarter ended Dec 31, 2023 (3QFY2024) from RM20.44 million a year earlier, on the back of freight rate normalisation as well as weaker performance from its domestic business solutions (DBS) segment.
In the previous article, “Deciphering why Malaysia is alluring for Japanese investors and what it means for SMEs” (Issue 1503, Dec 18), we highlighted the close relationship between Malaysian and Japanese businesses. We would like to analyse now how specific industries are affected. At Nihon M&am...
The rising geopolitical tension in the Middle East could provide some relief for the transportation and logistics sector, which benefits from higher charges, but could be inflationary when passed on to end-users.
RHB Investment Bank Bhd (RHB IB) has maintained its "overweight" rating of the transportation sector, citing signs of recovery in trade and tourism activities in 2024.
KUALA LUMPUR: RHB Research foresees downside risks for the transportation sector's future, citing concerns such as a sustained deceleration in global economic growth that may obstruct trade flows. The investment bank also highlighted the possibility of a slower-than-anticipated rebound ...
Transport
OVERWEIGHT
RHB RESEARCH (DEC 6): We upgrade the transport sector from “neutral” to “overweight”. The sector upgrade is underpinned by positive macroeconomic an...
Emerging signs of recovery in China, a further pick-up in tourism activity and a stronger momentum in trade has led RHB Research to upgrade its call on the transportation sector to “overweight”.
RHB Investment Bank Research has upgraded the transportation sector to “overweight”, and said of the five companies under its coverage that had reported results, three came in line, while two fell below estimates.
KUALA LUMPUR: Companies with recent headlines include Affin Bank, Hong Leong Industries, MSC, Crescendo, Greatech, CelcomDigi, Marco, Tasco and Malaysian Genomics, said Apex Securities Research.
Here is a brief recap of some corporate announcements that made the news on Friday, involving: Affin Bank Bhd, Tasco Bhd, Hong Leong Industries Bhd, Malaysia Smelting Corp Bhd, Marco Holdings Bhd, Berjaya Land Bhd, Malaysian Genomics Resource Centre Bhd, Greatech Technology Bhd, CelcomDigi Bhd and Crescendo Corp Bhd.
Tasco Bhd's net profit in the second quarter ended Sept 30, 2023 (2QFY2024) declined by 34.34% to RM15.85 million from RM24.13 million, largely due to the normalisation of freight rates.
HAVING contended with supply chain disruptions during the Covid-19 pandemic, logistics players are now facing challenges that are tied in large part to macroeconomic volatility, such as rising inflation and high interest rates, and geopolitical conflicts, which threaten to impact trade flows and ...