Pos Malaysia in for unfavourable business environment

Kenanga Research said it remains cautious on Pos Malaysia due to its declining courier volume.

PETALING JAYA: Pos Malaysia Bhd’s prospects continue to be challenging, as the conventional mail business struggles to turn around in the digital age.

Kenanga Research said the group’s core net loss of RM124.1mil in the nine-month period of the financial year 2024 (9M24) came in wider than its expectations at 87% of the research house’s full-year forecast.