At 9.43am, POSM rose 18 sen to RM3.58 with 430,500 shares done. In a note today, the research house said the KLAS deal announced earlier by the group is at its final stages of completion. It said the business case for KLB acquisition is its B2B logistics function which complements its current B2C-focused last mile services. HLIB Research said rumours are rife that the tariff hike for mail business is being considered by the authorities. “Upgrade the stock to Buy from Hold previously based on higher target price of RM3.87 pegged to higher CY17 20x PER, which is higher than its 3-year average PER.

Source: The Edge Markets September 19, 2016 02:26 UTC