Maybank IB : Westports outperforms in 4Q but uncertainties remain - Business News - News Summed Up

Maybank IB : Westports outperforms in 4Q but uncertainties remain - Business News


CMA CGM contributes about 10% of Westports' total throughput. “As a start, CMA CGM has already shifted 4-5 of its Asia-Africa services to PSA in November last year. Maybank IB is maintaining its 'hold' call on Westports with a RM4.40 target price. If Westports is picked as the hub, UASC may remain at Westports and there would be incremental volume coming in, thus offsetting the loss of volume from CMA CGM, it said. As at 10:35AM today, Westports shares were last traded at RM4.19.


Source: The Star January 20, 2017 02:42 UTC



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