KUALA LUMPUR: Pos Malaysia Bhd may be set for an earnings turnaround in 2020 following a commercial postal rate revision to lift its postal segment's profitability.
RHB research said the February hike in commercial postal rate would provide Pos Malaysia with much-need operating cash lows to undertake its business transformation initiatives, which entail the expansion of its courier operations footprint and investments in digitalisation and automated systems.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!