PETALING JAYA: Analysts are optimistic about the long-term outlook of Suria Capital Holdings Bhd
’s port operations in Sabah, given the state’s role as a key palm oil and crude oil producer.
AmInvestment Bank said the relocation of manufacturing bases by multinational companies out of China to South-East Asia will also benefit Sapangar Bay Container Port (SBCP) in Sabah.
“Suria embarked on the business of Sabah port operations after the privatisation of the state’s ports from Sabah Ports Authority in 2004.
“Presently, Suria operates all eight main seaports in the state, with SBCP as the flagship port and main revenue generator,” the research house said in a report yesterday.
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