Delay in trade recovery to weigh on FM Global Logistics


KUALA LUMPUR: A delay in the recovery of trade activity is expected to weigh on FM Global Logistics Bhd's earnings in the first half of its 2024 financial year.

According to RHB Research, its economics unit is expecting a delayed recovery in Malaysia's trade performance with the possibility of year-on-year exports contraction extending into the fourth quarter of 2023.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
FM Global Logistics , RHB , trade , export , shipping , logistics

Next In Business News

SC Estate Builder to acquire 25% stake in non-operational hotel for RM18.79mil
FBM KLCI on a roll, notches fifth straight gain
China central bank to cut some sector-specific rates to boost economy
Ericsson plans to shed 1,600 jobs in Sweden
South Korea to keep monitoring US chip tariffs to minimise impact, industry minister says
Oil slides over 3% after Trump comments ease Iran fears
Amir Hamzah: 2026 marks implementation of govt reforms, development agenda
1 Doc International eyes Main Market listing
JTI Malaysia names Didier Ellena managing director
Malaysia lowers February crude palm oil reference price

Others Also Read