KUALA LUMPUR (June 15): Brahim's Holdings Bhd has entered into a Memorandum of Understanding (MoU) with Nippon Express (Malaysia) Sdn Bhd (NEM) to establish an integrity and reliability of world class Halal Logistics services.

According to its filing with Bursa Malaysia today, Brahim's expects it to benefit from the MoU by tapping into NEM's global supply chain.  

"The MoU is to draw on the parties core competencies to enable Brahim's to benefit from NEM's global supply chain for cost efficiencies, reliability and integrity of its supply chain," it added.  

NEM is part of the Nippon Express Group, an international freight forwarding and global logistics service provider, and have taken steps to develop dedicated transportation services that complies with the requirements of the Halal Logistics.

Brahim's (fundamental:0.35; valuation: 0.9) did not disclose the value of the MoU.  

"The MOU is not expected to immediately have material effects on the earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholding of Brahim's for the financial year ending Dec 31, 2015," it added.  

Shares of the in-flight caterer closed down 1.5 sen or 1.62% at 91 sen today, for a market capitalisation of RM218.56 million.  

(Notes: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)