Competition seen as bigger threat to logistics sector
PETALING JAYA: While the trickle down effect of the imminent digital tax could impact parcel delivery operators, it is the fierce competition in this space that is most disconcerting, said Affin Hwang Capital.
According to a logistics sector report, the all-time high parcel delivery licence holders that coincide with a recent influx of capital expenditure from existing public listed companies are likely to burden the industry over the near term.
“Emerging headwinds from rising labour cost and potential fuel price adjustments could further crimp operating margins that are already at a multi-year low.
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