Tiong Nam continues to face cost pressure

Tiong Nam is betting on a contract win in warehouse management from a multinational company.

PETALING JAYA: Tiong Nam Logistics Holdings Bhd will continue to experience cost pressure going forward and its rental adjustments are moving at a slow pace in the current challenging market.

The impact of the diesel subsidy removal in the future on its operations is forecast to be muted as its transportation contracts had embedded the clause to fully pass on the change in fuel price to clients.