PETALING JAYA: Tasco Bhd’s air and ocean freight forwarding divisions will continue to face higher surcharges and continued volatility in freight rates as the escalation of the Iran conflict has disrupted key shipping routes, leading to longer transit times.
Despite that, Berjaya Research Sdn Bhd anticipates a better second-half financial year 2027 (H2 FY27) performance, supported by contributions from Shah Alam Logistics Centre (SALC) and Port Klang Logistics Centre (PKLC) warehouses which commenced operations in August.
This should help offset the softer performance in the cold supply chain division following the loss of a key ice-cream customer.
Berjaya Research said Tasco expects the effective tax rate to remain below 20%, with most integrated logistics solutions (ILS) tax benefits to be recognised in Q4 FY27 and in the H1 FY27 effective tax rate of 22.7%. On earnings, Berjaya Research said Tasco’s H1 FY27 revenue of RM515.3 million was broadly in line with expectations,
