$TASCO / 5140 (TASCO BERHAD)
Research by MIDF
Buy – TP RM1.20

“Optimism Grows for the Upcoming Quarters"

• Tender prices adjusted higher to counter freight rate increases
• Trailer detention charges introduced amid port congestion
• Strong storage revenue keeps cold chain business resilient amid change in consumer preference
• No changes to earnings estimates
• Maintain BUY with an unchanged TP of RM1.20

Analyst:
MIDF Research Team
research@midf.com.my