Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
TASCO Berhad, founded in 1974 and headquartered in Shah Alam, Malaysia, stands as a global provider of diverse logistics solutions. The company segments its operations across Air Freight Forwarding, Contract Logistics, Trucking, Ocean Freight Forwarding, Cold Supply Chain, and comprehensive Supply Chain Solutions. Its specialized air cargo services cater to temperature-sensitive items, delicate equipment, small packages, e-commerce, high-security cargo, and project shipments, even facilitating chartered flights. For sea transport, they manage end-to-end ocean freight forwarding. Road logistics encompass daily Less-than-Truckload (LTL) consolidation, Full-Truckload (FTL) charters, door-to-door deliveries, customs processing, pre-shipment inspections, and trans-container facilities. Beyond core transport, TASCO offers custom house brokerage, order management, extensive warehousing (including distribution, transloading, cross-docking, in-house logistics, and various value-added services). The company also supports upstream supply chains by trading products for critical sectors such as automotive, aerospace, healthcare, pharmaceuticals, food, technology, and retail. Further expanding its portfolio, TASCO is involved in truck leasing, operates as an insurance agency, manages container depots (encompassing storage, handling, cleaning, and repair), and provides origin management, lead logistics, and e-commerce services. The company rebranded to TASCO Berhad in September 2009, having previously operated as Trans-Asia Shipping Corporation Berhad.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'cheaper' than its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBITD.
Target Price
The average target price of 5140.KL is 0.61 and suggests 73% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc