Expansion plans to drive Tasco earnings

PETALING JAYA: Ongoing expansion plans, strong bargaining power and a well-diversified business model are expected to drive Tasco Bhd’s earnings growth in the quarters ahead, says RHB Research.

The research house said the logistics solutions provider’s Shah Alam Logistics Centre (SALC) in Selangor is projected to continue to book record earnings again in the financial year 2023 (FY23) by delivering an estimated bottom line of RM20mil to RM25mil in the fourth quarter of FY23 (4Q23).