Tasco earnings likely to improve in coming quarters

RHB Research said a host of factors should work in favour of the logistics services provider.

PETALING JAYA: A recovery in the manufacturing sector and contributions from its new warehouses, coupled with tax incentives, should see Tasco Bhd registering stronger numbers for the rest of its financial year ending March 2024 (FY24), predicts a research house.

After recording a soft first quarter ended June 30 (1Q24), RHB Research said a host of factors should work in favour of the logistics services provider, including the flattening out of freight rates, as well as the expected recovery of trade activities beyond the fourth quarter of 2023.