Highlight Pos Malaysia partners Konsortium Logistik to provide vehicle shipping service

by **Cals** Tue 01 Dec 2015, 20:33

Highlight

[size=28]Pos Malaysia partners Konsortium Logistik to provide vehicle shipping service

By Danial Idraki / theedgemarkets.com | December 1, 2015 : 11:19 AM MYT

KUALA LUMPUR (Dec 1): Pos Malaysia Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.20) and Konsortium Logistik Bhd (KLB)have entered into a partnership to provide a vehicle shipping service between Peninsular Malaysia and East Malaysia.

The service, which will be provided via KLB's vehicle carrier vessel MV Zara Sofia, will operate between two and three shipments per month, with a frequency target of 28 shipments per year.

MV Zarah Sofia has a load capacity of 2,500 vehicles.

DRB-Hicom Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 0.00) chief operating officer Datuk Mohamed Razeek Md Hussain said that getting a figure above 1,300 capacity per shipment will already be profitable for the business.

The price of shipment per unit ranges between RM1,500 and RM1,600 between Peninsular Malaysia and East Malaysia, and vice versa.

Pos Malaysia will act as KLB's agent through 22 of its selected outlets nationwide.

At 10.40am, Pos Malaysia dipped 0.28% or one sen to RM3.56 with 12,000 shares done.

(Note: The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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