" ... for most local logistics companies, cargo handling volume in Malaysia has held steady so far this year and has not been impacted by the conflict in the Middle East, thanks to their low exposure to Israel. In fact, they are anticipating a pickup in demand in the second half of the year, which is historically stronger than the first half. "
RHB Retail Research said KGW Group Bhd (KL:KGW) had staged a bullish breakout, eyeing to extend the upside movement as the counter climbed above the 20 sen resistance on the back of high volume
The trajectory of Malaysia's logistics industry is intricately tied to the ebbs and flows of both the global and local economies. This encouraging outlook is underpinned by a steadfast expansion in domestic demand, a key driver supporting economic recovery and bolstering external trade. Logistics business is indeed booming ~
KGW is also a pure sea freight company with a focused business model that capitalizes on current market dynamics, particularly the Malaysia to US route. Long term prospect is there
KGW's earnings are expected to be stronger in the coming quarters due to the absence of one-time bonus expenses and higher freight rates. Another rally will come for sure
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Augustine
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Posted by Augustine > 2023-11-10 11:57 | Report Abuse
Yup, let's get the shopping spree party started 🎉🎈 remember to apply vouchers and promotional code