HLIB: Pos Malaysia lacks catalysts

Pos Malaysia

PETALING JAYA: Pos Malaysia Bhd is lacking near-term catalysts to support the recent spike in its share price that has run ahead of its earnings growth, according to Hong Leong Investment Bank Bhd (HLIB).

“While we are still positive on Pos Malaysia’s long-term prospects for e-commerce driven courier business, recent share price surge has, in our opinion, run ahead of the earnings growth.