“Despite the impact of Covid-19 on global trade, FMH intends to continue to expand both its domestic and overseas businesses, ” CGS-CIMB research said.
PETALING JAYA: Freight Management Holdings Bhd (FMH) will likely record a stronger set of financial results in the coming quarters, assuming that the movement restriction does not prolong beyond July 2021.
Among the drivers of this are the lower losses from loss-making associates and joint ventures, new client acquisitions due to robust demand for freight-related services and higher economies of scale, said CGS-CIMB.
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