HWANG-DBS Securities said it is maintaining a “buy” call on Malaysian Airline System Bhd as its cargo arm MASKargo’s plan to trans-ship cargo from Port Klang is expected to boost sales and earnings quickly.
“The plan is still in the promotional stage, but if it takes off, it could be a fast contributor. Buy maintained (on Malaysia Airlines),” Hwang-DBS said in a research note.
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