ePaperEventsR.AGEmStarMajoritiStarPropertyStarCherishStarCarsifuStarSearchmyStarjobKualiKuntumSuriaFM988FM
PETALING JAYA: The proposed new port fees against China-owned and China-built ships by the United States may impact Westports Holdings Bhd and MISC Bhd.
The world is experiencing increased barriers to open trade at a pace that hasn't been seen in decades, since US president Donald Trump came to power.
PETALING JAYA: Hong Leong Investment Bank (HLIB) Research expects a brighter outlook for Westports Holdings Bhd on the back of sustained strong gateway volume from robust foreign direct investment flows, along with tariff hikes scheduled for this year.
Malayia's port and logistics sector faces both opportunities and challenges as it adapts to shifting trade patterns and digital transformation in the context of Asean's push for deeper regional economic integration.
The outlook for trade remains uncertain due to potential changes in future tariff policies, global supply-chain disruptions and inflationary pressures and this will have an impact on the transportation sector, analysts say.
Westports Holdings Bhd has entered its next growth phase as it hit several new milestones in financial year 2024 (FY24) on the back of a surge in container volumes.
The Intra-Asia trade lane is expected to drive the overall container volume growth for Westports Holdings Bhd, according to MIDF Research.
CIMB Securities anticipates Westports Holdings Bhd to record low single-digit growth in throughput volume for 2025.
Westports Holdings Bhd is expecting to post a low-single digit growth in financial year 2024 and its expects the Intra-Asia trade will remain as the groups’ main container volume contributor for the remainder of the year.
KUALA LUMPUR: Maxis Bhd, 99 Speed Mart Retail Holdings Bhd, Steel Hawk Bhd, Milux Corp Bhd, Carlsberg Brewery Malaysia Bhd, Westports Holdings Bhd and Fajarbaru Builder Group Bhd are among the stocks to watch on Monday.
KUALA LUMPUR: Westports Holdings Bhd has posted a higher net profit of RM233.07 million in the third quarter ended Sept 30, 2024 (3Q 2024), compared to RM195.0 million in the same quarter a year ago.
The past two weeks have been eventful for the Malaysian port scene.
Transportation stocks covered by RHB Investment Bank Bhd are being downgraded to “neutral” from “overweight” to reflect the research house expectations of the infrastructure components of the sector – namely airport operator Malaysia Airports Holdings Bhd (MAHB) and seaport operator Westports Holdings Bhd.
KUALA LUMPUR: Westports Holdings Bhd has announced the commencement of the expansion of the Westports 2 container terminal by an additional eight container terminals (CT10 to CT17), which serves as a key project in the country's preparation for additional foreign direct investments (FDI).
KUALA LUMPUR: It has been a strong year for ports in Malaysia as operators pushed ahead with capital-intensive infrastructure upgrading works and rode on the wave of e-commerce growth as well as rising global trade to maintain their competitiveness.
PETALING JAYA: The lack of spare capacity could put Westports Holdings Bhd at a slight disadvantage amid the sporadic global port congestion.
Maybank Investment Bank (Maybank IB) Research expects the cargo volume growth for ports in Malaysia to sustain going into 2025.
KUALA LUMPUR: Westports Holdings Bhd is keeping a cautious expectation of low single-digit growth in the current financial year due to the congestion in regional container ports.
PETALING JAYA: Westports Holdings Bhd guides for a low single-digit container volume growth rate in financial year 2024 (FY24) pending a tariff hike approval and expansion of Westports 2 (WP2), says Apex Research.
PETALING JAYA: Shipping diversions from the Red Sea have continued to weigh down on global trade, especially within the Asia to Europe regions, says Kenanga Investment Bank Bhd.
