Logistics companies’ results meet expectations


RHB Research maintained a “neutral” call on the transportation sector. — Bloomberg

PETALING JAYA: The financial results of logistic service providers for the second quarter of 2023 (2Q23) were mostly in line with estimates, says RHB Research.

Despite prolonged weakness in trade flows and soft Malaysia trade data in 2Q23, the research house said FM Global Logistics Holdings Bhd, Westports Holdings Bhd and Tasco Bhd posted earnings in line with expectations.

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