Bullish outlook on Swift Haulage following BLG Swift stake buy plan

Swift Haulage should have sufficient funds to acquire the remaining 60% stake worth RM2.7mil in BLG Swift, says MIDF Research.

PETALING JAYA: MIDF Research has reiterated its bullish stance on Swift Haulage Bhd, following the latter’s recent move to take full ownership of its 40%-owned BLG Swift Logistics Sdn Bhd.

Swift Haulage, which is an integrated logistics service provider, should have sufficient funds to acquire the remaining 60% stake worth RM2.7mil in BLG Swift, according to MIDF Research.