Expansion plans to buoy Perak Transit


TA Research maintained its 2024 to 2026 earnings projections for the company.

PETALING JAYA: The outlook for Perak Transit Bhd remains positive, with growth expected to be sustained by its strategic expansion plans.According to BIMB Research, the expected commencement of SVETOFOR grocery store as a new tenant at the company’s bus terminals next month will drive higher foot traffic.

Other key growth catalysts for Perak Transit include the anticipated construction of Tronoh Sentral in the second half of this year, with completion targeted by end-2026, as well as an upcoming project to develop a new bus terminal in Kota Bharu in Kelantan, the brokerage wrote in its report yesterday.

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