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KUALA LUMPUR: RHB Research has downgraded Tasco to Neutral as its current share price has exceeded its fair value (FV) of RM2.30.
KUALA LUMPUR: Bermaz Auto Bhd, Yee Lee Corp Bhd, Tasco Bhd and Axiata Group Bhd are among the stocks to watch, according to JF Apex Research.
KUALA LUMPUR: Tasco Bhd’s unit, Titian Pelangi Sdn Bhd, has signed a sales and purchase agreement with Onostatic Sdn Bhd for the disposal of a property for RM17.5mil.
Two years after venturing into the cold chain segment of the logistics industry, Tasco Bhd is ready to take it to the next level.
PETALING JAYA: Logistic companies are still getting much love from the market, with investors smitten by the sector’s close link with the country’s booming e-commerce industry.
KUALA LUMPUR: Logistics company Tasco Bhd is buying Gold Cold Transport Sdn Bhd (GCT) – one of the largest cold chain logistics players in Malaysia in terms of storage capacity size – for RM186.08mil as it makes its foray into a new segment of the industry.
KUALA LUMPUR: Tasco Bhd is expanding its operations with the proposed purchase of land in Pulau Indah, Selangor and a stake in MILS Cold Chain Logistics Sdn Bhd (MCCL) for nearly RM143mil.
Nippon Yusen Kabushiki Kaisha (NYK) has increased its stake in total logistics solutions provider Trans-Asia Shipping Corp Bhd (Tasco) to 61.32%.
Logistics solutions provider Trans-Asia Shipping Corp Bhd (Tasco) does not see any need to revise its net profit forecast for the financial year ending Dec 31 (FY07) and FY08 although crude oil is nearing US$100 a barrel and the global economy is slowing down.
TASCO’S first quarter (ended March 31) revenue, earnings and core earnings came in at RM117.9mil, RM6.8mil and RM6.5mil respectively, with core earnings representing 18% of our financial year 2012 (FY12) forecast.