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The global freight rate increase kicks in around Nov 2020. Hence, QTR Dec 2020 result have partial impact from the freight rate increase. The full impact will be in QTR Mac 2021 result.
Hence, the result is showing SYSCORP is moving the right direction (with last QTR profit higher than previous QTR).
Should buy and keep. The freight rate situation will keep high. As with the vaccination the economy expected to ramp up and hence forward freight condition to be favourable to Syscorp.