Tuesday, September 9, 2014

Tasco (Secure New Clients)

The logistics solutions provider securing new clients for its contract logistics division, upon the expansion of its warehouse.

These are clients with high inventory turnover, which bodes well for Tasco as it may see sustained earnings momentum over the coming years from Sept 2014.

Its new specs warehouses in Shah Alam is currently (Sept 2014) fully utilized.

The earnings boost of rm12.3 million from rm4.9 million, from its contract logistics in the 1QFY2015 was attributed to new clients secured, which should give a further boost to earnings over the ensuing quarters. Tasco’s new clients have a high turnover inventory business model.

Its outlook remains bright as its business volume has been growing in tandem with regional economic growth. Its earnings have benefited from the strong trade numbers in the 1HFY2014.

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