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PSP is positioned to capture outsized demand with its expansion at Tanjung Bruas Port, Melaka, where the Group has secured land under a tenancy agreement. With Malaysia’s healthy reciprocal tariffs backed by Tanjung Bruas’ proximity to a dense cluster of E&E manufacturers, the port’s relevance is rising as a regional logistics and transshipment node, all in all positioning PSP to replicate its Port Klang model and tap into new marine and industrial fuel demand.
Besides that, as a fuel distributor, PSP offers diversification to investors seeking refuge from the subdued commodity price outlook.
Timber's looking like a better bet right now, especially with housing starts picking up. Furniture might follow, but the supply chain issues are still a wildcard.