PETALING JAYA: Several brokerages have downgraded their recommendation on Westports Holdings Bhd’s shares, citing limited upside and expensive valuation, despite the container port operator having posted strong results for the first quarter ended March 30, 2015.
As of yesterday, at least five brokerages have lowered their ratings on the company, with four changing their calls to “hold” or “neutral” from “buy” or “add”, and one to “sell” from “hold”.
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