Tomorrow, 07 April 2010, POS Malaysia is likely to move higher, with potential to limit up!
Analyst reports:
From Amresearch:-
"a mere 10-sen increase in tariff — if it happens in 2H2010 — for all weights in the business, parcel and express mail service will boost Pos Malaysia’s earnings per share (EPS) by 52% for FY2010 and by 84% for FY2011 ending Dec 31. The group’s Ebitda margin would widen to 14% and 18% respectively."
From RHBresearch:-
"Assuming a 30% hike in postage rates and accounting for a 30% upward adjustment in salaries and wages, RHB Research expects Pos Malaysia’s EPS to increase to 17.4 sen in FY2010."
More info:-
There are two listed courier service companies — Nationwide Express Courier Services Bhd and GD Express Courier Bhd (GDEX) — and many small players in the country. The share prices of the listed courier companies, however, have fallen sharply from their peaks in 2007. At 64 sen per share, Nationwide’s market capitalisation stands at RM38.4 million while GDEX’s market cap stands at RM169.7 million at a share price of 66 sen.
source: The Edge Malaysia
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Excerpt from Company announcement, source: POS MALAYSIA, BURSA
POS MALAYSIA WILL REVISE THE PRICE FOR DOMESTIC POSTAGE STAMPS FOR THE FIRST TIME AFTER 18 YEARS
The Government today announced that on 1 July 2010, Pos Malaysia will revise the price for its domestic postage stamps for the first time since its corporatization in 1992. This is the first time for Pos Malaysia to revise the price of its domestic postage stamps after 18 years of being corporatized. Postal organizations around the world adjust the price for their domestic postage stamps periodically due to a variety of factors such as inflation, price of fuel, rising operation costs and many more.
Upon its implementation, the price for domestic postage stamps for Standard Mail weighing up to 20 gram will be revised from 30 cents to 60 cents. For up to 50 gram, it will be revised from 40 cents to 70 cents.
The increase in price for the domestic postage stamps will involve the following mail categories :
•Standard Mail below 50 gram
•Non-Standard Mail below 100 gram
•Periodicals
•PosDokumen
•Registered Mail
•Parcels below 2 kilogram
The details in the price increase will be published in due course.
The price increase is not applicable for the following mail categories :
•Non-Standard Mail above 100 gram up to 2 kilogram
•PO Box
•Locked Bag
•Window Delivery
The restructuring of the salary for postmen and counter clerks will be done concurrently with the increase in the price for domestic postage stamps.
- End -
About Pos Malaysia Berhad
Pos Malaysia has a widespread network of 698 post offices all over the country in addition to our network of mini post offices, mobile post offices, postal agents and stamp agents, making it one of the most extensive retail network in Malaysia.
Pos Malaysia’s Strategic Business Units, aimed to provide quality, reliable, timely and innovative solutions to our customers, encompasses the following :
•PosMel : Mail and postal services
•PosLaju : Courier and express mail services
•PosNiaga : Retail business services
Read More...
