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KUALA LUMPUR: Kenanga Research has a target price of 74 sen for Tri-Mode System (M) Bhd -- which is seeking to list on the ACE Market – based on FY19E price-to-earnings ratio (PER) of 15 times. The IPO price is 61 sen.
KUALA LUMPUR: Yee Lee Corp Bhd has partnered Tasco Bhd to start a new joint venture that will focus on logistic and distribution business.
KUALA LUMPUR: JF Apex Research expects Kerjaya Prospek, Seacera Group, Notion VTex and Carlsberg to be among the stocks to see trading interest following their latest news.
SEPANG: Local companies need to act quickly to grab the opportunities and participate in the Kuala Lumpur International Airport (KLIA) cargo space which is currently having an exciting growth as foreign interest grows.
THIS year has largely been positive for logistics firm Tasco Bhd. The case has been generally similar for most of Malaysia’s logistics-related counters which have performed stronger, buttressed by the improved trade outlook for Malaysia and the accelerated growth of e-commerce.
SHAH ALAM: Logistics player Tasco Bhd expects its maiden foray into the cold chain business to contribute about 15% to 20% to revenue for the financial year ending March 31, 2018 (FY18), after both proposals of its EGM received near unanimous approvals from shareholders.