PETALING JAYA: Tiong Nam Logistics Holdings Bhd
, which returned to the black in the first quarter (Q1), may be in for a better set of earnings for its current financial year ending March 31, 2022 (FY22), underpinned by the potential growth in the logistics and warehousing segment.
The logistics solutions provider is also on expansion mode for its warehouse business in Malaysia as well as in South-East Asia and China, which would bode well for the group.
Tiong Nam logistics warehouse
The dilution of the company’s stake in the loss-making hospitality segment, analysts said, was a timely move as it would not be a drag to the group’s earnings and would position it as a pure-play total logistics solutions provider.
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