Posting results: Pos Malaysia workers sorting out parcels. The national postal service provider’s share price inched up on its first commercial postage rate hike in ten years.
PETALING JAYA: Pos Malaysia Bhd
shares ended higher on Wednesday, after the company raised commercial postage rates for the first time in ten years.
Despite ending the day 2.78% higher to RM1.48 yesterday, some analysts feel that the new rate hike would only provide a short-term reprieve to the national postal service provider.
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