OSK keeps 'buy' call on Pos

OSK Research is maintaining its "buy" recommendation on Pos Malaysia Bhd, given the group's positive synergies with DRB-Hicom Bhd and its collaboration with Bank Muamalat Malaysia Bhd.

OSK Research said in a research note today: "We maintain our earnings forecast at this juncture because we believe the group will be unveiling more collaboration efforts with DRB-HICOM going forward."

The research firm said the tie-up with Bank Muamalat and Uni-Asia Life Insurance would boost Pos Malaysia's retail service and it would leverage on DRB's Kuala Lumpur Airport Services (KLAS) to enhance its PosLaju courier services.

OSK Research also highlighted the potential for DRB to unlock the value of the five land plots owned by Pos Malaysia through redevelopment.

The research firm said it is maintaining the "buy" call on Pos Malaysia with a fair value (FV) of RM4.12. -- Bernama