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Logistics stocks to remain strong


It noted, however, that Pos Malaysia’s first-quarter results missed expectations due to a higher effective tax rate, a one-off post-acquisition write-off at its logistics division, and deeper-than-expected losses at its postal services division.

It noted, however, that Pos Malaysia’s first-quarter results missed expectations due to a higher effective tax rate, a one-off post-acquisition write-off at its logistics division, and deeper-than-expected losses at its postal services division.

PETALING JAYA: RHB Research expects the strong performance of logistics stocks this year to continue, driven by a firmer sectoral two-year net profit compounded annual growth rate (CAGR) of 25%.

This compares to the sector’s CAGR of 15% over the past five years.

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