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2021-07-23 12:36 |
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2021-07-22 22:53 |
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2021-07-22 12:01 |
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2021-07-22 11:58 |
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2021-07-21 16:56 | Report Abuse
Highly likely...there's momentum but lack of publicity
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2021-07-20 16:12 | Report Abuse
Tasco, which derives about 40% of its revenue from its airfreight and ocean freight forwarding divisions, saw net profit grow 364% to RM41.27 million year on year for the financial year ended March 31, 2021 (FY2021), while revenue rose 27% y-o-y to RM946.61 million in that period.
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2021-07-19 23:58 | Report Abuse
Chances of Tasco hitting record profit?
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2021-07-19 23:28 | Report Abuse
Container shipping thrives amid pandemic
Dry bulk shipping is not the sole bright spot. Tasco Bhd deputy group CEO Tan Kim Yong shares Ling’s sentiment. He says the cost of container freight has more than quadrupled from 2020 as current market demand outstrips supply and because of a shortage of containers, owing to congestion in Europe and the US, and, recently, China’s Yantian port backlog.
The average price worldwide to ship a 40ft container (FEU) has more than quadrupled from a year ago, to US$8,399 as at July 1, according to London-based Drewry Shipping Consultants Ltd.
“Container freight rates are at historical highs. In January, spot freight rates were US$4,000 per FEU and are now at US$6,000. This time last year, the rates were US$1,500. Ocean freight rates from Asia to Europe and the US have risen the most, but rates for intra-Asia routes have gone up as well,” Tan says.
He notes that the rates started edging upwards from 3Q2020, owing to imbalanced container trade, with full containers entering the US and Europe but returning empty to China, whose economy has recovered faster from the pandemic than any other big economy.
Tan expects container freight rates to remain high this year as demand continues to outstrip capacity, benefiting both liner operators and non-vessel-owning common carriers such as Tasco.
Tasco, which derives about 40% of its revenue from its airfreight and ocean freight forwarding divisions, saw net profit grow 364% to RM41.27 million year on year for the financial year ended March 31, 2021 (FY2021), while revenue rose 27% y-o-y to RM946.61 million in that period.
Tasco expects to continue its growth for this financial year, targeting a revenue of RM1 billion. The investment tax allowance granted through the Malaysian Investment Development Authority will further uplift its profit, says Tan.
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2021-07-15 23:38 | Report Abuse
What are you talking about luiws123 and i dont think no one knows what uou are talking about. Buying into the company just so to privatise the company? I think best to do more research. Obviously, Lai's family has been wanting privatise Ireka but got rejected so they seek alternate direction as announced, which is to sell all properties held under Ireka to the family's private vehicle which will result in the company becoming an empty shell. So who will takeover the empty construction category shell company?
Mohd Hasnul is the MD of Shoraka Capital which has a development arm operating in Terengganu. Now, check out today's announcement whereby they have been awarded a Terenggnu contract by Wanland Metro which has secured more than RM500 million property develooment projects in Terengganu, majority awarded by the state government.
So isnt the answer obvious?
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2021-07-01 23:58 | Report Abuse
Tasco appeared on the vaccine storage container offloaded from Japan Airline donating AZ vaccine on 1st July at KLIA.
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2021-07-01 15:29 | Report Abuse
Vivocom signs MYR $1.45 Billion (US$ 350,000,000) investment deal with Strattner Alternative Credit Fund LP.
https://m.malaysiakini.com/announcement/581251
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2021-06-16 18:12 | Report Abuse
The Board wishes to announce that the Proposed Hypercold Acquisition has been completed on 16 June 2021 following the fulfilment of conditions precedent and payment of the Balance Purchase Consideration to the Vendors in accordance with the terms of the SSA dated 21 April 2021.
This announcement dated 16 June 2021.
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2021-05-27 14:43 | Report Abuse
(Bloomberg) -- Foxconn Technology Group is in talks to buy a stake in Malaysian technology firm Dagang NeXchange Bhd., according to people familiar with the matter, after losing to it in bidding for a semiconductor company.
The main assembler of Apple Inc.’s iPhones could take a minority stake in DNeX and help to expand the business of its chipmaker SilTerra Malaysia Sdn., one of the people said, asking not to be identified as the matter is private. DNeX landed the winning offer in the sale of SilTerra in February, outbidding Foxconn.
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2021-02-25 00:33 | Report Abuse
Oil price up, resin price up, higher cost, lower margin for EMS
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Stock: [BIG]: B.I.G. INDUSTRIES BHD
2021-07-25 18:53 | Report Abuse
Fibon berhad?
98 million total shares
Price 0.555