Maybank IB maintains ‘Hold’ rating for Westports, raises fair value

KUALA LUMPUR : Maybank IB Research has maintained its ‘hold’ recommendation for Westports Holdings Bhd shares with a revised fair value of RM4.30 on the back of lower tax rate assumptions over the next two years.

In a note today, the research house said that the port operator’s latest results for the fourth quarter ended Dec 31, 2015 (Q4FY15) was largely within expectations.