Westports target price raised by Maybank Research

KUALA LUMPUR: Maybank Investment Bank Research has raised the target price for Westports to RM4.50, which is 15% above the last traded price of RM3.92.

It said on Tuesday Westports’ container throughput grew 15%-20% on-year in 1Q15. The solid growth outpaced the 7%-8% volume growth of the key transhipment ports at the Straits of Malacca, indicating Westports is enjoying a bigger slice of the growing pie.