New phase of growth


AmInvest brokerage maintained “overweight” on the transportation and logistics sector. Its top pick for the sector is Westports Holdings Bhd, (pic) with a fair value RM5.07.

PETALING JAYA: The transportation and logistics industry is expected to see a new phase of growth as the economy gradually emerges from the Covid-19 fallout.

Seaport operators, for instance, will continue to benefit from the growing containerised cargo movements worldwide while the parcel delivery segment will continue to ride on the exponential volume growth as the pandemic has permanently shifted part of consumers’ shopping to online.

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Westports , cargo , movements , transportation , seaports ,

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