PETALING JAYA: Analysts are positive on Tasco Bhd
given its improved and sustainable earnings’ outlook, moving forward.
MIDF Research expects the earnings of the logistic player will be supported by growing top line for international business solution (IBS), brisk recovery on domestic business solution (DBS) segment as well as margin expansion via Investment Tax Allowance (ITA) scheme from Mida.
However, the research unit said the key risks to earnings included lower-than-expected savings from Investment Tax Allowance Scheme and the sharp drop in air freight forwarding (AFF) rates due to return of capacity for long haul “belly” cargo space.
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