Tri-Mode’s new warehouse seen to boost income

TheStar Fri, Jul 16, 2021 09:00am - 2 years View Original


Valuation-wise, this ACE Market-listed stock is trading at a price earnings multiple (PE) of 22.2 times for calendar year 2020 (CY20).

PETALING JAYA: Tri-Mode System (M) Bhd’s new headquarters-cum-warehousing and distribution hub should give it a new income source going forward.

The homegrown integrated logistics service provider began operations of this enlarged warehouse at the end of March 2021.

This new hub sits on a 12-acre parcel of land located at the Pulau Indah Distribution Park, Selangor.

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