TASCO is a logistics enterprise. Incorporated in 1974, it was listed on the Man Board of Bursa KL in December 2007. It is a subsidiary of Nippon Yusen Kabushiki Kaisha, a global Fortune 500 company. TASco has more than 30 branches in Malaysia and employs about 1,000 people. Its services covers air, sea and land transportation. It serves as a one stop logistics centre to handle both domestic and international shipments for the customers.
Let us look at some of its published indices.
Revenue for TASCO has been impressive except for small dips in 2003,2005,2007 and 2009.
Similarly, PATAMI slid in the years 2003,2004,2007 and 2009, with the interleaving years posting good profits particularly 2010.
I am not too sure what numbers TASCO has for 2011 until the AGM in June.In fact, we can say that TASCO's performance could be the early warning system of the international economy and also the domestic economy, for better or worse.
For now, the price of the stock is getting some support.
Today, it ended up another 6 sen to RM1.84 on an improving volume of 314,000 shares traded.
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