POS

Should the government relax the restrictions on the use of land that the Federal Land Commission (FLC) has given to Pos Malaysia, the redevelopment of some of the land could probably earn the group hefty gains. However, all this is dependent on the (amendment of) the Postal Land Act. Thus far, there have been no updates on the proposed amendment to the Act which would allow additional non-post-related services to be carried out on the land. If the amendments are revised favourably in terms of land use, Pos Malaysia’s valuation would increase.