We expect Q4FY19 to be a mixed quarter for our logistics coverage. Industry interactions and key indicators suggest demand for logistics services remained soft in Q4 we thus expect a muted operating performance from traditional road transport and container rail players, though the consumer-focused 3PL and express segments are likely to do well. Amongst companies, AGLL/ TCIEXP are forecast to post a strong operating performance (23%/21% YoY),...