KUALA LUMPUR (Feb 23): Pos Malaysia Bhd’s record quarterly net loss as a result of a kitchen sinking exercise, did not go down well with investors. The postal group’s share price declined nine sen or 9.14% to 89.5 sen on Tuesday after it reported a net loss of RM232.35 million. The stock hit an intra-day low of 85 sen against the previous day’s closing of 98.5 sen. There were 22.18 million shares changing hands. Year-to-date, the stock has sunk by 26%. However, not all are having negative views on Pos Malaysia. RHB Investment Bank has maintained its buy call with a target price of RM1.40. “Our discounted-cash flow (DCF)-derived RM1.40 target price is maintained, which implies an undemanding 0.9 times price-to-book value (P/BV) in FY21,” it said.