Malaysia's largest marine port operator is expected to benefit from a pick-up in the country's trading activities, supported by a robust recovery in intra-Asia trade. RHB Research is optimistic about the group's prospects, citing a brighter global and regional economic landscape and the growth potential in the electrical and electronics sector.
PETALING JAYA: As Malaysia ’s largest marine port operator ,is positioned front and centre to benefit from a pick-up in the country’s trading activities , underpinned by a robust recovery in intra-Asia trade.
“This is supported by a brighter global and regional economic landscape, the bolstering economic performance of China and resurgence in the global technology cycle,” it said. “The initiatives are aimed at bolstering the country’s FDI inflows relative to the nominal gross domestic product, which has generally exceeded those of other emerging markets in South-East Asia, underscoring its growth prospects,” said RHB Research.This is particularly given the intra-Asia segment accounts for 65% to 67% of the group’s throughput volume.
It said container volume is expected to remain within the 2.3 million to 2.8 million 20-foot equivalent unit range, as trade activities pick up domestically and across the intra-Asia region.
Malaysia Marine Port Operator Trading Activities Intra-Asia Trade RHB Research Economic Landscape Electrical And Electronics Sector Foreign Direct Investment Tax Incentives
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