Transportation and logistics sector to resume growth as international trade recovers

 In News

KUALA LUMPUR (19 May 2021) – AmInvestment Bank Bhd maintains their ‘Overweight’ recommendation for the transportation and logistics sector due to ports across South-East Asia, including Malaysia, being well-positioned to gain from the shifting sourcing patterns accelerated by the pandemic, as manufacturing bases of multinational companies relocate outside of China.

According to the research house, they believe that the seaport segment is poised to grow further in 2021.

“It has the position to grow as global trade recovery gains further momentum, backed by the reopening of economies, businesses and borders, as well as the roll-out of huge stimulus packages which will continue to support consumption and investment,” AmInvestment stipulated.

The research house also said that in the immediate term, some seaport operators will face challenges from the port congestion worldwide, while others stand to gain.



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