Tiong Nam’s logistics segment to drive profits

MIDF Research believes that the robust performance of the logistics segment would be sustainable, as Malaysia and regional economies are likely to stage a rebound.

PETALING JAYA: Tiong Nam Logistics Holdings Bhd’s logistics and warehousing division is expected to help boost earnings for the group and cushion losses from the property and hotel segments.

MIDF Research believes that the robust performance of the logistics segment would be sustainable, as Malaysia and regional economies are likely to stage a rebound.