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.
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