Pos Malaysia could see earnings turnaround in 2020

KUALA LUMPUR: Pos Malaysia Bhd may be set for an earnings turnaround in 2020 following a commercial postal rate revision to lift its postal segment's profitability.

RHB research said the February hike in commercial postal rate would provide Pos Malaysia with much-need operating cash lows to undertake its business transformation initiatives, which entail the expansion of its courier operations footprint and investments in digitalisation and automated systems.