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POS M'sia's shares fall 7.05pc
Published on: Tuesday, May 26, 2015
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Kuala Lumpur: Pos Malaysia's shares fell 7.05 per cent or 35 sen after posting a weak performance for the financial year ended March 31, 2015.As at 3.42 pm Monday, its shares stood at RM4.59 with 1.39 million transacted.

For the 2015 financial year, Pos Malaysia's pre-tax profit was lower at RM181.31 million from the RM223.39 million recorded in the 2014 financial year on the back of higher revenue of RM1.5 billion from RM1.43 billion previously.

In a note, Kenanga Research downgraded Pos Malaysia's 2016 financial year net profit estimates by 19 per cent, taking into account higher operating expenses and lower volume growth. – Bernama

The research house also downgraded its target price for the company to RM4.11 from RM4.44 previously, while maintaining an "underperform" call on the stock. – Bernama





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