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Swift Haulage Bhd’s (Swift) 2QFY25 core profit after tax and minority interests missed expectations, with forecasts maintained pending the results briefing. For 2HFY25, container haulage margins may see some support from an expected industry-wide capacity gap following new axle load rules, though volumes could remain soft, while the warehousing segment is projected to gain from added capacity and improved utilisation. Our target price is unchanged at 43 sen (11x FY26F earnings per share or -0.5 standard deviation from the 5-year historical sector’s mean). We downgrade the stock to Neutral as the positives of the stock have been priced in following a +10% share price increase since our last report. – MBSB Investment Bank Bhd (Aug 15, 2025)
(Calls by analysts tracked by Bloomberg: 1 Buy, 3 Hold, 1 Sell; Consensus target price: 39 sen)
The post Swift Haulage downgraded to Neutral, target price stays at 43 sen appeared first on The Malaysian Reserve.