Pos Malaysia on recovery track

RHB Research said Pos Malaysia’s outlook remained positive.

KUALA LUMPUR: Pos Malaysia Bhd could see better prospects for earnings turnaround as the postal delivery service provider leverages on the continued growth of the e-commerce space.

Granted, the company’s Q4FY20 results fell short of expectations due to severe business disruptions caused by positive Covid-19 cases at its major parcel processing centres.

However, RHB Research, in a report yesterday, said the situation has normalised since December 2020 and the group should pick up from where it previously left off, with the subsequent easing of the movement control order (MCO) expected to underpin its earnings turnaround in Q2FY21.