Soon-to-be listed integrated logistics services provider Swift Haulage Bhd is valued at RM1.16 by Public Investment Bank Bhd (PublicInvest), the firm said Swift Haulage’s business strategy was to focus on leveraging its core competencies and strengths in integrated logistics to address business opportunities.
“We derive a fair value of RM1.16 based on 14 times price-earnings multiple of its FY23F earnings per share of 8.3 sen (forecast for the financial year 2023),” PublicInvest said in an initial public offering note today.
The firm said Swift Haulage was set to grow its business by strengthening and expanding its operational facilities, including warehousing and container depots, as well as expanding its fleet operations.
Swift Haulage is principally involved in the provision of integrated logistics services comprising container haulage, land transportation, warehousing, and freight forwarding agency services.
Its integrated logistics and headquarters are located in Malaysia, while its operations in Thailand are focused on cross-border transportation and freight forwarding.
The integrated logistics operations are supported by its fleet operations in Malaysia and Thailand including 1,546 prime movers, 5,518 container trailers, 811 box or curtain-sider trailers, 53 trucks, and 42 CNG tankers.
