https://theedgemalaysia.com/node/718694

https://theedgemalaysia.com/node/718703

DRB-HICOM's refocus on Pos Malaysia stems from strategic initiatives to streamline and enhance their logistics and postal services. By consolidating logistics under Pos Malaysia, DRB-HICOM aims to improve operational efficiency and create synergies within its business segments.

hehe, a surprise could happen sooner or later.

Pos Malaysia is considering another rate hike this year for several reasons:

Profitability Concerns: The company has faced financial difficulties, including significant net losses in recent years. The rate hike is expected to help Pos Malaysia return to profitability by boosting earnings from its postal services and international businesses​ (Focus Malaysia)​.

Increased Operating Costs: Rising operating costs, including those related to labor and infrastructure, necessitate higher revenue to maintain service quality and operational sustainability​ (Focus Malaysia)​.

Declining Mail Volumes: There has been a continuous decline in traditional mail volumes due to digitalization. Higher rates can help offset the revenue loss from this declining segment​ (Focus Malaysia)​.

Regulatory Approvals: The company is awaiting government approval to implement the tariff hike, which would allow for better financial stability and service improvements​ (Focus Malaysia)​.

These measures are aimed at ensuring the long-term sustainability and efficiency of Pos Malaysia’s operations.

Brewer explained to that it would not need to incur an additional capital expenditure (capex) since the costs would be borne by the operator who would be leasing the space from Pos Malaysia.

“We want to monetise the land this way. In fact many postal services companies around the world are facing this predicament where almost everything is done online. Some of them have decided to sell the land that they own,” he said.

In his presentation, Brewer also said the company might incorporate retail elements into existing land space that it owns such as pharmaceutical or electric vehicle charging.“In terms of retail, we are still learning what works and doesn’t or the ones that create values.

Pos Malaysia Bhd is planning to monetise the retail and warehouse spaces it owns around the country.

The company, which is part of DRB-Hicom Bhd, is in the midst of a turnaround plan.

“Increasingly, we see ourselves being a landlord and we would like to (repurpose) and lease out the retail spaces which have post offices in it,” said Pos Malaysia group chief executive officer Charles Brewer at a media luncheon and briefing here yesterday.

“We may own the land where the four walls are built on, but what we do within the four walls will be renting out some space. We are hiring a team of people for this purpose. We would like to increase our revenue per sq ft which will get us to break even,” Brewer added.

Stay + always. hehe

(i) the privatisation of POS at a premium over the market price, (ii) the return of profitability as cost rationalisation efforts finally pay off, and (iii) POS emerging stronger post the consolidation of the courier service segment after weak players are eliminated.

privatisation hopefully
SHAREHOLDINGS
As at 27 March 2024
Total number of issued shares : 782,776,836 ordinary shares and one Special Rights Redeemable Preference Share
Voting Rights : One vote for every ordinary share, on a poll voting
(The Special Rights Redeemable Preference Share does not carry any voting right except in
circumstances set out in the Company’s Constitution)
No. Shareholders : 24,132
SUBSTANTIAL SHAREHOLDERS
(Based on the Register of Substantial Shareholders)
No. Substantial Shareholders Direct Indirect
No. of shares % No. of shares %
1. DRB-HICOM Berhad 172,997,399 22.10 245,750,751* 31.39
2. HICOM Holdings Berhad 245,750,751 31.39 - -
3. Tan Sri Dato’ Seri Syed Mokhtar Shah bin Syed Nor - - 418,748,150# 53.49
4. Etika Strategi Sdn Bhd - - 418,748,150^ 53.49
Notes:
* Deemed interested pursuant to Section 8 of the Companies Act 2016 by virtue of its interest in HICOM Holdings Berhad.
# Deemed interested pursuant to Section 8 of the Companies Act 2016 by virtue of his interest in DRB-HICOM Berhad via Etika Strategi Sdn Bhd.
^ Deemed interested pursuant to Section 8 of the Companies Act 2016 by virtue of its interest in DRB-HICOM Berhad

FSMOne favours Malaysian equities in 2H2024
By Aris Riza Noor Baharin & Kuek Ser Kwang Zhe / theedgemalaysia.com
04 Jul 2024, 07:44 pm

https://theedgemalaysia.com/node/717937

Pos Malaysia just unveiled two limited edition collectible tote bag designs that feature iconic Pos Malaysia symbols, in collaboration with custom gift shop Famsy Mall

Take one look at the 'Peti Pos Tote Bag' and you'll instantly recognise that it's been inspired by the classic all-red mailbox.

https://says.com/my/lifestyle/check-out-these-cute-pos-malaysia-tote-bags-that-you-can-customise-with-your-own-name#google_vignette

Pos Malaysia Berhad, the national post and parcel provider, and Payments Network Malaysia Sdn Bhd, the national retail payments network infrastructure provider, have enabled the option of making cashless payments at over 3,500 of Pos Malaysia’s touchpoints nationwide, marking a significant milestone in Pos Malaysia’s digital payments transformation journey.

https://www.msn.com/en-my/lifestyle/other/pos-malaysia-teams-up-with-paynet-in-cashless-kaw-kaw-campaign/ar-BB1oPnow

Pos Malaysia Bhd is selling its ship-chartering unit that mainly deals with bulk cargoes for RM123.2mn as part of a move to shed non-core businesses.

Pos Malaysia invests in well-being of workers
TheStar Tue, Jun 11, 2024 12:00am - 3 weeks


PETALING JAYA: Pos Malaysia Bhd is expected to gain higher profits as the company accelerates its investments in employees’ health and well-being via its initiative called FIT, says chief executive officer Charles Brewer.

“Healthy and happy employees will deliver better service for our customers, and happy customers will stay with us longer, leading to profitability,” he said during his key address at the FIT launching ceremony at Pos Malaysia’s headquarters yesterday.

He added that Pos Malaysia would benefit from higher productivity and improved financials.

“Having highly motivated, engaged and safe employees is a key part of our transformation-focused strategy and we deliver on that by ensuring we create an amazing and safe environment where our teams can flourish,” Brewer added.

Pos Malaysia Bhd’s group chief executive Charles Brewer said he sees generative AI as an exciting development that’s anticipated to change many different parts of its business. “Generative AI is a huge opportunity and super exciting. We know of 642 use cases where it would add significant value to our employees, customers and business. On the flipside, we have to think of the jobs that would no longer exist, and we would need to reskill these people and create new business units,” Brewer told StarBiz.

https://www.thestar.com.my/business/business-news/2024/06/12/generative-ai-set-to-shake-up-job-market-create-new-opportunities

Kenanga Research highlighted that DRB-HICOM plans to reduce its ownership in Bank Muamalat to 40 per cent by 2025 and is committed to revitalising Pos Malaysia Bhd within the next three years.

https://www.klsescreener.com/v2/news/view/1343089/drb-hicom-to-sell-nearly-160-000-proton-80-000-honda-vehicles-in-2024

Pos Malaysia perkenal bayaran tanpa tunai khidmat hantar ubat KKM
KUALA LUMPUR: Pos Malaysia Bhdmenjalin kerjasama dengan Kementerian Kesihatan Malaysia (KKM) dan Kiplepay Sdn Bhd (Kiplepay) bagi memperkenalkan sistem pembayaran dalam talian untuk perkhidmatan Ubat Melalui Pos (UMP). Langkah strategik itu membolehkan orang ramai kini memesan ubat daripada fasiliti kesihatan ...

Among them, Bintulu Port Holdings Bhd beat Kenanga’s expectation, while Westports Holdings Bhd and Pos Malaysia Bhd met our expectations but Swift Haulage Bhd disappointed.

https://www.thestar.com.my/business/business-news/2024/06/21/rise-in-ecommerce-expected-to-boost-growth-in-logistics-sector

Nuffnang was also recognised with awards for the branded campaign categories: 'Best influencer marketing campaign' and 'Best B2B marketing campaign' for its partnership with Pos Malaysia Bhd.

https://www.klsescreener.com/v2/news/view/1348419/malaysia-039-s-xamble-announces-key-appointments-to-drive-growth-plans

privatise it at a fire sale price now. wait n see yah!


#####Dulu
Khazanah Nasional Berhad (“Khazanah”) is pleased to announce that after an extensive two-stage process, the strategic divestment of its 32.21% stake in Pos Malaysia Berhad (“POS”) will be made to DRB-HICOM Berhad (“DRB-HICOM”). This decision was made following a rigorous selection process initiated by Khazanah to ensure that the new shareholder will be able to bring POS to the next level of growth.

The divestment is made via a conditional offer with a price consideration of RM3.60 per share or RM622.79 million. The offer price of RM3.60 per share is subject to the modification of the Special Rights Redeemable Preference Share in POS (“Special Share”) held by Minister of Finance (Incorporated) (“MoF Inc.”) This modification inter alia includes the reservation to appoint up to two Board members in POS; and the removal of rights to appoint the Chairman and Managing Director of POS and fix their respective remunerations such that these become matters for determination by the Board of Directors of POS. This condition precedent is not within Khazanah’s control, as it is the sole prerogative of MoF Inc to make any modification on the Special Share.

30-days Price
Date Price Open High Low Volume
2024-07-05 0.425 0.445 0.445 0.415 7,364,600
2024-07-04 0.440 0.445 0.450 0.440 1,857,700
2024-07-03 0.445 0.445 0.450 0.440 2,799,200
2024-07-02 0.445 0.455 0.455 0.445 3,514,900
2024-07-01 0.450 0.465 0.465 0.450 3,199,600
2024-06-28 0.465 0.465 0.480 0.460 2,237,700
2024-06-27 0.465 0.470 0.475 0.460 2,262,100
2024-06-26 0.470 0.475 0.475 0.465 1,111,800
2024-06-25 0.475 0.485 0.490 0.475 1,822,900
2024-06-24 0.480 0.475 0.490 0.475 1,217,400
2024-06-21 0.475 0.475 0.480 0.475 201,100
2024-06-20 0.480 0.485 0.485 0.475 397,800
2024-06-19 0.480 0.480 0.485 0.470 1,078,000
2024-06-18 0.475 0.485 0.485 0.475 1,120,700
2024-06-14 0.480 0.480 0.490 0.480 2,147,600
2024-06-13 0.480 0.485 0.485 0.475 1,518,000
2024-06-12 0.485 0.485 0.490 0.480 2,271,500
2024-06-11 0.485 0.480 0.490 0.475 1,147,900
2024-06-10 0.480 0.485 0.500 0.480 3,322,900
2024-06-07 0.490 0.490 0.500 0.490 2,091,100
2024-06-06 0.490 0.500 0.505 0.485 3,707,900
2024-06-05 0.500 0.490 0.500 0.480 2,229,300
2024-06-04 0.490 0.485 0.510 0.480 4,870,200
2024-05-31 0.485 0.485 0.495 0.480 1,455,700
2024-05-30 0.490 0.485 0.490 0.480 573,500
2024-05-29 0.485 0.490 0.495 0.475 4,473,500
2024-05-28 0.500 0.500 0.515 0.490 7,013,600
2024-05-27 0.500 0.495 0.500 0.495 970,900
2024-05-24 0.495 0.515 0.515 0.495 7,219,100
2024-05-23 0.520 0.480 0.550 0.480 19,617,700
2024-05-21 0.470 0.470 0.475 0.470 589,500
2024-05-20 0.470 0.470 0.475 0.465 327,900
2024-05-17 0.465 0.465 0.465 0.460 374,900
2024-05-16 0.465 0.465 0.470 0.460 629,300
2024-05-15 0.470 0.465 0.470 0.465 155,100
2024-05-14 0.465 0.470 0.470 0.465 877,100
2024-05-13 0.465 0.465 0.470 0.465 1,065,700
2024-05-10 0.470 0.465 0.470 0.460 335,000
2024-05-09 0.465 0.465 0.465 0.460 827,300
2024-05-08 0.465 0.470 0.475 0.460 2,584,600
2024-05-07 0.475 0.475 0.495 0.470 2,821,300
2024-05-06 0.475 0.480 0.485 0.475 1,746,600
2024-05-03 0.475 0.495 0.495 0.475 660,200
2024-05-02 0.495 0.495 0.500 0.495 241,500
2024-04-30 0.495 0.495 0.500 0.490 317,200
2024-04-29 0.490 0.480 0.495 0.480 717,800
2024-04-26 0.485 0.475 0.490 0.475 1,342,400
2024-04-25 0.475 0.475 0.475 0.470 63,000
2024-04-24 0.480 0.465 0.480 0.465 318,800
2024-04-23 0.465 0.475 0.475 0.465 647,000
2024-04-22 0.470 0.465 0.470 0.465 190,300
2024-04-19 0.470 0.470 0.470 0.465 331,300
2024-04-18 0.470 0.475 0.475 0.465 1,021,400
2024-04-17 0.475 0.475 0.475 0.475 63,200
2024-04-16 0.475 0.475 0.475 0.470 531,800
2024-04-15 0.480 0.480 0.485 0.475 502,900
2024-04-12 0.480 0.480 0.485 0.480 138,500
2024-04-09 0.480 0.480 0.480 0.475 248,000
2024-04-08 0.480 0.480 0.480 0.480 92,700

https://www.thestar.com.my/business/business-news/2024/07/06/pos-malaysia-banking-on-transformation

Pos Malaysia expands retail footprint with 17th store
Hazel King
By HAZEL KING
July 1, 2024

Charles Brewer, group CEO of Pos Malaysia, with employees of Pos Shop in GPO Kuantan
Pos Malaysia has continued its retail transformation journey with the launch of its latest Pos Shop convenience store located within the General Post Office (GPO) on Jalan Abdul Aziz, Kuantan, in Pahang.

Spanning 1,800ft2, the new Pos Shop in GPO Kuantan offers a one-stop solution for the local community, combining post and parcel services with a convenient retail space for daily essentials. It also features the popular Pos Kafe, where customers can enjoy a freshly brewed cup of coffee and purchase snacks, beverages and more while waiting for their parcels or before heading to work.

The launch of the 17th Pos Shop aligns with Pos Malaysia’s overall strategy to “continuously transform its offerings and better connect with customers across Malaysia”, it said in a statement on its website. “The company aims to build trust and enhance convenience by integrating its courier and logistics services with exciting new retail concepts,” it added.

Pos Malaysia aims to open an additional 33 Pos Shop outlets across key states by the end of 2024, bringing the total to 50 outlets nationwide.

Read an exclusive interview with Charles Brewer, group CEO of Pos Malaysia, in the September 2024 issue of Parcel and Postal Technology International – coming soon!

Privatisation at P/B value 1 to 1.5X ~ 61 to 92sen ... Let's see

Steady hand: Brewer is helming the postal service provider’s diversification into sectors such as retail and software as a service.

For some time now, beleaguered Pos Malaysia Bhd has been attempting to change its fortunes through various transformation strategies.

Its latest initiative entails a retail play, strengthening its international business, expanding its fulfilment services targeted at businesses and offering software as a service (SaaS).

Buy some, expecting rebound anytime

Pos Malaysia is currently undergoing a significant transformation strategy aimed at addressing both its financial performance and sustainability goals. This multifaceted strategy includes several key initiatives:

1. **Digital Transformation and Business Sustainability**: Pos Malaysia is shifting from capital expenditures (CAPEX) to operational expenditures (OPEX) by partnering with the right stakeholders. This approach supports both business sustainability and environmental, social, and governance (ESG) ambitions. The company is focusing on improving its last-mile delivery capabilities, including the introduction of electric bikes and vans to reduce carbon emissions [[❞]](https://www.digitalnewsasia.com/sustainability-matters/has-pos-malaysia-cracked-code-its-digital-transformation) [[❞]](https://bursasustain.bursamalaysia.com/droplet-details/news/pos-malaysia-launches-sustainability-roadmap).

2. **Financial Performance**: Despite a challenging macroeconomic environment, Pos Malaysia has made significant progress in reducing its losses. For instance, the net loss for FY2022 was reduced by 50% compared to the previous year. This improvement is attributed to better customer segmentation, optimizing assets, and improving yields [[❞]](https://postandparcel.info/152007/news/e-commerce/pos-malaysia-we-remain-fully-focused-on-our-transformation-plan-and-cautiously-optimistic/) [[❞]](https://www.thestar.com.my/business/business-news/2024/05/21/pos-malaysia-posts-smaller-1q-loss-optimistic-for-2024).

3. **Sustainability Roadmap**: The company has launched a sustainability roadmap with the goal of achieving net zero carbon emissions by 2050. Intermediate targets include reducing Scope 1 and Scope 2 emissions by 30% by 2025. Key initiatives in this roadmap include fleet optimization, green buildings, waste management, sustainable packaging, and digital learning [[❞]](https://bursasustain.bursamalaysia.com/droplet-details/news/pos-malaysia-launches-sustainability-roadmap).

4. **Operational Efficiency**: Pos Malaysia has been disposing of non-core assets, such as selling its stake in PNSL Bhd, to strengthen cash flow and reduce debt. This move is part of a broader effort to streamline operations and focus on core postal and logistics services [[❞]](https://www.thestar.com.my/business/business-news/2024/05/21/pos-malaysia-posts-smaller-1q-loss-optimistic-for-2024).

These strategies highlight Pos Malaysia's commitment to both improving its financial health and advancing its sustainability goals in the face of evolving market demands and environmental responsibilities.

A pivotal aspect of this initiative involves a strategic expansion of the retail footprint. Brewer emphasised innovative strategies such as leasing and subletting assets to generate income and enhance the outlets’ network.

With about 3.64 million sq ft of retail spaces and 628 strategically positioned post offices nationwide, Pos Malaysia envisions a paradigm shift in the role of these spaces.

The transformative vision positions retail outlets as dynamic hubs, catering to diverse customer needs.

“We’re leveraging our retail presence to offer more than just postal services,” Brewer said.

By strategically expanding its footprint, Pos Malaysia aims to transform each retail outlet into a multifunctional space, providing unparalleled convenience and a comprehensive suite of services under one roof.

Pos Malaysia’s goal is to be the quintessential one-stop destination for customers, delivering unmatched convenience through a broad spectrum of services.

This commitment reflects Pos Malaysia’s proactive stance in adapting to evolving market dynamics.

The company has initiated collaborative ventures, such as partnering with the homegrown coffee brand Bask Bear, resulting in the first drive-through coffee and toasties outlet in Malacca.

This venture enhances the retail experience and exemplifies Pos Malaysia’s commitment to forging innovative partnerships for mutual growth.

Pos Malaysia’s diversification strategy is marked by a purposeful expansion of its revenue streams, leveraging its existing asset network to implement four key initiatives that enhance value creation.

These initiatives include an expanded retail footprint, the introduction of Pos Shop convenience stores for diversified retail offerings, foraying into fulfillment services through Pos Fulfill and making a notable presence in the international shipping market with Red Express.

Pos Shop sasar buka 50 cawangan di seluruh Malaysia akhir 2024
BeritaHarian Sun, Jun 30, 2024 12:51pm - 4 days


KUALA LUMPUR: Pos Malaysia Bhd menyasarkan untuk menambah 33 lagi cawangan Pos Shop untuk menjadikan jumlah keseluruhannya kepada 50 cawangan di seluruh negara menjelang akhir tahun 2024.

Penyedia perkhidmatan pos dan bungkusan nasional itu dalam satu kenyataan berkata, ia kini mempunyai 17 lokasi Pos Shop di seluruh negara, dengan tiga di Pahang, tiga di Kuala Lumpur, dua di Selangor, dua di Perak, lima di Johor, satu di Melaka, dan satu di Negeri Sembilan.

"Langkah strategik ini menekankan komitmen Pos Malaysia untuk menyediakan kemudahan dan nilai yang lebih besar kepada komuniti di seluruh negara," katanya.

Pos Malaysia kembali meneruskan perjalanan transformasi runcitnya dengan pelancaran kedai serbaneka Pos

Shop terbaharu, cawangan ke-17 setakat ini.

Cawangan baharu itu, terletak di dalam Pejabat Pos Besar di Jalan Abdul Aziz, Kuantan, Pahang.

Pos Shop di Pejabat Pos Besar Kuantan yang berkeleluasan lebih 1,800 kaki persegi menawarkan penyelesaian sehenti untuk komuniti setempat, menggabungkan perkhidmatan pos dan bungkusan dengan ruang runcit yang selesa untuk keperluan harian.

Sebagai tambahan, Pos Shop di Kuantan mempunyai Pos Kafe yang popular di mana pelanggan boleh menikmati

pelbagai pilihan seperti secawan kopi segar, makanan ringan, dan minuman sambil menunggu bungkusan mereka atau sebelum pergi ke tempat kerja.

Pelanggan juga boleh menikmati promosi pembukaan iaitu 'beli satu percuma satu' eksklusif untuk Pos Sundaes, sementara stok masih ada.

Pelancaran Pos Shop ini sejajar dengan strategi keseluruhan Pos Malaysia untuk terus mengubah penawarannya dan berhubung dengan pelanggan di seluruh Malaysia dengan lebih baik.

Pos Malaysia berhasrat untuk membina kepercayaan dan meningkatkan kemudahan untuk menyepadukan perkhidmatan kurier dan logistiknya dengan memperkenalkan konsep runcit baharu yang menarik.

Dengan kejayaan pelancaran Pos Shop di Kuantan, Pos Malaysia kekal berdedikasi untuk mentakrifkan semula perkhidmatan pos sambil meningkatkan penawarannya bagi memenuhi keperluan pelanggan yang kian berubah dalam era digital ini.

RSI(14) Oversold 28.0
Stochastic(14) Oversold 0.0
Average Volume (3M) 1,825,300
Relative Volume 1.0

NTA 0.6100
P/B 0.72
RPS 240.23
PSR 0.18
Market Cap 344.4M
Shares (mil) 782.78

According to the Universal Postal Union (UPU) Q1 2024 report, Pos Malaysia achieved a
remarkable 94.7% in the Mail Monitoring System, surpassing the 88% target set. Additionally,
parcel delivery performance stood at an impressive 82%, exceeding the 80% target. As a result, Pos Malaysia is proud to be honoured with two Quality of Service Fund (QSF) awards, the EMS
(Express Mail Service) Cooperative Customer Care Award 2023 for the second consecutive year
and the Gold Award for Security Certification from Universal Postal Union (UPU). These
accolades serve as compelling evidence of our steadfast commitment to delivering exceptional
service and consistently surpassing the expectations of our esteemed customers.
In other sectors, Pos Aviation performed positively with all activities improving year on year, and
Pos Logistics continues to double-down on its own transformation journey, with a strategic focus
on the automotive sector, third-party logistics, and warehousing.

Good , pos can do franchising for its shops and cafe like 7-11, starbucks, etc

Charles added, “We remain cautiously optimistic that the Group will deliver improved results in 2024. The Q1 results reflect a significant milestone in our journey towards sustainable growth and profitability. Through enhanced yields, a continued focus on optimising our assets, and stringent cost controls, we have successfully navigated challenges while capitalising on the many opportunities that exist. Our steadfast focus remains on executing our transformation strategies, addressing unprofitable segments, and rapidly scaling our margin-led businesses. Moreover, our dedication to sustainability, as outlined in our ESG roadmap, reaffirms our responsibility towards the environment, society, and long-term value creation. As we move forward, we remain passionate about building trust to connect businesses and lives for a better tomorrow.”

The company is accelerating the execution of its margin-led strategy, which includes plans to open an additional 40 new Pos Shop outlets in 2024, rapidly scaling both our Fulfilment and International business as well as launching a SaaS business unit, which will provide marketleading digital solutions for both the post and parcel sector and new focus industries.

Cash flow UP & improving :)

POS MALAYSIA BERHAD (Registration No. 199101019653 (229990-M)) (Incorporated in Malaysia) 7 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) 3 Months Ended 31.03.2024 3 Months Ended 31.03.2023 RM’000 RM’000 CASH FLOWS FROM INVESTING ACTIVITIES Finance income received 454 668 Acquisition of property, plant and equipment (9,582) (4,696) Proceeds from disposal of property, plant and equipment 377 - Net proceeds from redemption of other investments 1,000 1,000 Increase in deposit pledged (3) (10) Net cash used in investing activities (7,754) (3,038) CASH FLOWS FROM FINANCING ACTIVITIES Drawdown on borrowings 21,946 25,051 Finance costs paid (10,080) (9,265) Repayment of borrowings (42,713) (71,491) Repayment of hire purchase liabilities (275) (261) Repayment of lease liabilities (13,822) (13,267) Movement in restricted cash 13,472 (43,075) Net cash used in financing activities (31,472) (112,308) NET DECREASE IN CASH AND CASH EQUIVALENTS (22,912) (48,988) Effects of foreign currency translation 150 (650) CASH AND CASH EQUIVALENTS AT BEGINNING OF THE FINANCIAL PERIOD 159,788 168,973 CASH AND CASH EQUIVALENTS AT END OF THE FINANCIAL PERIOD 137,026 119,335 Cash and cash equivalents included in the statement of cash flows comprise the following statement of financial position amounts: Cash and bank balances 127,545 122,821 Deposits placed with licensed banks 29,486 56,993 Cash attributable to assets classified as held for sale 7,893 977 Bank overdrafts (880) (929) 164,044 179,862 Less: Collections on behalf of agency payables and money order payables** (17,338) (10,452) Less: Deposits pledged (551) (548) Less: Restricted cash (9,129) (49,527) 137,026 119,335 The Unaudited Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Annual Audited Financial Statements for the financial year ended 31 December 2023 and the explanatory notes attached to the interim financial report. ** The amount of cash held on behalf of agency payables and money order payables are included under Trade and Other Payables in the Consolidated Statement of Financial Position.

https://g.co/kgs/jSfisvZ

Good fight as Free rent & use of excess staff for pos Malaysia

Pos malaysia is fighting Starbucks & 7-11 hard with its POS Shop + Cafe hehe

Mat salleh at last found the right strategy to turnaround pos

Free rent & use of excess staff for pos Malaysia

Pos malaysia is fighting Starbucks & 7-11 hard with its POS Shop + Cafe hehe

Pos malaysia is fighting Starbucks & 7-11 hard with its POS Shop + Cafe hehe

https://g.co/kgs/SWVAUnb

Pos Malaysia open Café Mesra outlet at post offices
— The café's range of offerings includes barista-quality handcrafted coffee, featuring its signature Mesra Latte. To celebrate the launch, Café ...

open Café Mesra outlet at post offices
— The café's range of offerings includes barista-quality handcrafted coffee, featuring its signature Mesra Latte. To celebrate the launch, Café ...

Pos Shop sasar buka 50 cawangan di seluruh Malaysia akhir 2024 | https://www.klsescreener.com/v2/news/view/1350477

Wehhh nak kabo yang Pos Shop dah mendarat kat Kontan! 🛬
​
Tempat dia kat sebelah Pejabat Pos Besar Kuantan je. Ape lagi aokmer.. meh la nyinggoh kala nak beli cekedis, manisan dan macam-macam lagi! Selok wehhh 😜
​
#PosMalaysia #KamiSampaikanTawaranHebat #PosShop #PosShopKuantan

Beliau berkata, kumpulan mempunyai lebih 630 pejabat pos di seluruh negara dan pembukaan Pos Shop kelak juga adalah di lokasi pejabat pos.

"Kumpulan mempunyai kelebihan kerana mempunyai pejabat pos yang banyak seluruh negara.

To replace 7-11 & Starbucks hehe

https://www.malaymail.com/news/life/2023/11/16/pos-malaysia-launches-pos-shop-convenience-store-and-cafe-in-brickfields-aims-to-attract-younger-customers/102378

https://g.co/kgs/SWVAUnb