Transportation and logistics to see recovery

TheStar Tue, Jan 12, 2021 10:30am - 3 years View Original


Meanwhile, the Malaysian Aviation Commission is projecting the country’s air passenger traffic to rebound by 94.2% to 100.3% year-on-year in 2021, which is largely in line with AmInvestment Research’s forecast of a 100% traffic rebound for both AirAsia Group Bhd and Malaysia Airports Holdings Bhd (MAHB) in 2021.

PETALING JAYA: The transportation and logistics sector is projected to see a better year, as global trade and travel recover with Covid-19 vaccination programmes getting underway worldwide, says AmInvestment Research.

The research unit has upgraded the transportation and logistics sector to overweight from neutral previously.

Regarding the ports segment, AmInvestment Research said it has bounced back and shall do even better in 2021, as evidenced in the record high Shanghai Containerised Freight Index (SCFI), often used to gauge the health of global trade.

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