Transportation and logistics to see recovery

Meanwhile, the Malaysian Aviation Commission is projecting the country’s air passenger traffic to rebound by 94.2% to 100.3% year-on-year in 2021, which is largely in line with AmInvestment Research’s forecast of a 100% traffic rebound for both AirAsia Group Bhd and Malaysia Airports Holdings Bhd (MAHB) in 2021.

PETALING JAYA: The transportation and logistics sector is projected to see a better year, as global trade and travel recover with Covid-19 vaccination programmes getting underway worldwide, says AmInvestment Research.

The research unit has upgraded the transportation and logistics sector to overweight from neutral previously.