Stockwarch

POS MALAYSIA  

POS Malaysia's profit profile will change this year, given its 20% interest in cargo carrier Transmile Group Bhd. MIDF Sisma Securities, which has a “buy” call on the stock, said the company’s attractiveness lay in its management efforts to restructure and expand business operations. Its core operation, mail service, accounts for 60% of the group turnover. The company is also applying to the authorities to raise postal rates, which have remained unchanged since 1992. Pos Malaysia is likely to obtain an approval, in view of the scenario of higher fuel and transportation charges.