Highlights

Tasco Berhad - To hit record high profit (2) - Cold Chain

Author: Glaceau   |   Latest post: Thu, 22 Jul 2021, 11:54 AM

 

Tasco Berhad - To hit record high profit (2) - Cold Chain

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Have you seen 'Gold Cold' on the road?
 
Appreciation
Appreciate all readers here in i3investor for reading my post which was merely just compiling facts from all sources on the internet plus some on-the-ground checks, which ultimately serves as a one-stop information platform for a particular company, in this case, Tasco Berhad. This will be the last post for this week and we will leave the rest to next week.
 
Right...for this second series of Tasco Berhad, we are going to talk about another area which they are actually the market leader - cold chain warehouse. Simply as extracted from unicef.com is is explained as below in relation to Covid-19 vaccine:
 
 
What is a cold chain?
A high-quality cold chain allows health workers to deliver life-saving vaccines to every last child.
 
Delivering vaccines to all corners of the world is a complex undertaking. It takes a chain of precisely coordinated events in temperature-controlled environments to store, manage and transport these life-saving products. This is called a cold chain.
 
Vaccines must be continuously stored in a limited temperature range – from the time they are manufactured until the moment of vaccination. This is because temperatures that are too high or too low can cause the vaccine to lose its potency (its ability to protect against disease). Once a vaccine loses its potency, it cannot be regained or restored
 
On the commercial point of view, renting of a normal room temperature warehouse space costs RM1.5 per square foot depending on the location. For cold chain warehouse, it costs more than RM3.0 per square foot or more.
 
Now, the below is what i wish to share with my readers, as extracted from MIDA: 
 
MIDF analyst Ummar Fitri said in a note today that the acquisition marks Tasco’s first foray into East Malaysia as the group has no cold chain logistics presence there.
 
According to him, Tasco’s Cold Supply Chain Logistics (CSCL) is currently the largest cold chain provider in Malaysia, with an estimated 35% market share of the segmentwith key customers consisting of fast-moving consumer goods retailers, food and beverage (F&B) players and pharmaceutical groups.
 
According to him, Tasco’s Cold Supply Chain Logistics (CSCL) is currently the largest cold chain provider in Malaysia, with an estimated 35% market share of the segment, with key customers consisting of fast-moving consumer goods retailers, food and beverage (F&B) players and pharmaceutical groups.
 
 

 

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Labels: TASCO

Related Stocks

Chart Stock Name Last Change Volume 
TASCO 1.09 +0.01 (0.93%) 1,629,900 

  Glaceau likes this.
 
Glaceau Post removed. Why?
22/07/2021 12:01 PM
Glaceau https://www.thestar.com.my/business/business-news/2021/04/01/tasco-in-mou-with-maskargo
22/07/2021 12:02 PM
Glaceau Post removed. Why?
23/07/2021 12:36 PM


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