Is the Russian hit by Vitas, taken from the theme of the most popular Russian cartoon of all time , Nu Pogodi .
Nu Pogodi, means JUST You Wait,.That is what CIMB is telling it's clients, Nu Pogodi, for Pos Malaysia is going to get a postal rate hike by early next year.
Nu Pogodi, for this rate increase has the potential to push Pos Malaysia earnings to levels unseen BEFORE.
That's not to say that Pos Malaysia is sitting on its backside. According to CIMB , the new PosLaju rates for a 1kg parcel for delivery within Peninsular Malaysia are still c.50% lower than its competitors, such as GDex and City-link.
In its 1HFY17 results, courier segment revenue rose 22% on-year, driven by growth in e-commerce. The segment contributed 40% of Pos Malaysia’s total revenue in 1HFY17 (vs. 34% in 1HFY16), CIMB said
POS now trades at below RM4, but analyst are confident that POS is in a position to test it's historical high of RM6 a share, sooner , rather than Later .
