Top Calls
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Initiate Coverage � Tiong Nam (BUY,
initiation)
- Total logistics champion We initiate coverage on Tiong Nam Logistics Holdings (TNL) with a BUY call and SOTP-based 12M target price of RM2.10. We believe TNL is poised to benefit from the rising logistics outsourcing and growing e-commerce fulfilment demand as Malaysia�s largest total logistics solution provider. We expect logistics segment to grow at 14% CAGR on robust demand for warehouse storage space.
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Other Calls
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| For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports. |
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