Near-term outlook remains challenging for Pos Malaysia

KUALA LUMPUR: Pos Malaysia Bhd's losses for its recent quarter came within expectations, say analysts, although its outlook for the near term remains challenging due to shrinking snail mail volumes and a highly competitive courier business.

"The courier business is expected to improve on e-commerce demand but will continue to operate in a competitive environment pressured by price and cost challenges," said Kenanga Research in a note.