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NewsOSK positive of Tasco's international business
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OSK positive of Tasco's international business
by hlk on Thu 14 Jul 2011, 13:01
OSK Research, positive of Tasco Bhd's international business, is expected to see high volume growth hence giving the management greater bargaining power on rates, vis-à-vis, shipping lines and airlines.
Tasco, a leading third party logistics provider, was optimistic its trucking and auto completely built-up division will perform well supported by the robust domestic economy and strong demand for the Honda Insight, it said in a research note today.
"Although fuel price has escalated, TASCO has been able to transfer the higher cost to its customers within three months as it can adjust its fuel cost under the Association of Malaysian Hauler's Fuel Adjustment Sector Formula," it added.
The research house maintained a "buy" call on TASCO with an unchanged fair value of RM1.93 based on seven times the financial year 2011 earnings per share. -- BERNAMA
Tasco, a leading third party logistics provider, was optimistic its trucking and auto completely built-up division will perform well supported by the robust domestic economy and strong demand for the Honda Insight, it said in a research note today.
"Although fuel price has escalated, TASCO has been able to transfer the higher cost to its customers within three months as it can adjust its fuel cost under the Association of Malaysian Hauler's Fuel Adjustment Sector Formula," it added.
The research house maintained a "buy" call on TASCO with an unchanged fair value of RM1.93 based on seven times the financial year 2011 earnings per share. -- BERNAMA
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