High single-digit volume growth seen for Westports

Positive guide: CIMB Research has maintained its ‘add’ call for Westports with a target price of RM4.18.— AFP

PETALING JAYA: Following the loss of a major customer during a major reshuffling of the global shipping alliances about two years ago, Westports Holdings Bhd is back on the growth path.

The seaport operator had recorded an exceptionally strong volume growth in the first half of financial year 2019 (1H19) and appears to be benefiting from trade diversion from the US-China trade war, especially for gateway volumes.