Tri-Mode’s new warehouse seen to boost income

Valuation-wise, this ACE Market-listed stock is trading at a price earnings multiple (PE) of 22.2 times for calendar year 2020 (CY20).

PETALING JAYA: Tri-Mode System (M) Bhd’s new headquarters-cum-warehousing and distribution hub should give it a new income source going forward.

The homegrown integrated logistics service provider began operations of this enlarged warehouse at the end of March 2021.