Transportation
Research by RHB
NEUTRAL (Maintain)

"A Better 2H21"

The 2H21F earnings outlook for Westports is stable, as we expect a 2% FY21 TEU volume growth. For Malaysia Airports (MAHB), its recovery outlook is subject to vaccine efficacy in controlling COVID-19. For the logistics players, MCO 3.0 may have a slight, albeit brief impact on throughput, yet overall prospects remain sound in 2H21, in our view. We maintain our sector NEUTRAL call with TASCO as Top Pick.

Alan Lim, CFA
T +603 9280 8890
E [%nSOy%]

Lester Siew, CFA
T +603 9280 2181
E [%PCgt%]

Transportation
Research by RHB
NEUTRAL (Maintain)

"A Better 2H21"

The 2H21F earnings outlook for Westports is stable, as we expect a 2% FY21 TEU volume growth. For Malaysia Airports (MAHB), its recovery outlook is subject to vaccine efficacy in controlling COVID-19. For the logistics players, MCO 3.0 may have a slight, albeit brief impact on throughput, yet overall prospects remain sound in 2H21, in our view. We maintain our sector NEUTRAL call with TASCO as Top Pick.

Alan Lim, CFA
T +603 9280 8890
E alan.lim@rhbgroup.com

Lester Siew, CFA
T +603 9280 2181
E lester.siew@rhbgroup.com