PETALING JAYA: BIMB Research expects Perak Transit Bhd
’s operations to remain relatively stable, supported by resilient demand for value-for-money, last-mile public transport services.In its most recent report, the research house says news flows have been rather benign over the quarter, with no indications of forced share disposals – an indication that all is well and gyrates positively with the bus operator.
“The market has yet to re-rate it, but as things stay quiet for longer, we think a silent re-rating should be underway,” it opined.
According to BIMB Research, Perak Transit has been cash-generative, operationally resilient, and on track to deliver steady, utility-like growth.
It added it was optimistic about the company’s catalysts, which include consistent foot traffic growth of 3% to 4% yearly and its ongoing expansions of existing facilities.
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