Steady outlook for Swift Haulage

PETALING JAYA: Swift Haulage Bhd’s outlook appears mixed, where the second half of the financial year ending Dec 31, 2025, is expected to be seasonally stronger.

MBSB Research said container haulage margins are expected to improve, although volumes may soften for the logistics company.

“Warehousing margins may face pressure from an unfavourable mix, but revenue will be supported from added capacity and high utilisation, while freight forwarding is expected to stay robust.

“Post-revision, our target price was marginally reduced to 42 sen from 43 sen, based on financial year 2026 earnings per share, pegged to 11 times price to earnings ratio,” it said in a report to clients.

At last look, the stock was at 43.5 sen apiece.

Additionally, MBSB Research said Swift’s container haulage margins are set to improve.

It noted the segment saw weaker volumes (minus 3.7% year-on-year), primarily due to intermittent unplanned shutdowns by a major petrochemical client on the East Coast.