Westports’ could see volume weakness in Q2

However, Westports hopes to see some recovery in the second-half of FY20, assuming that Covid-19 could be significantly contained by then, the research firm said in a report which contained highlights from a recent conference call the company had with analysts

PETALING JAYA: Wesports Holdings Bhd’s throughput, which reflects the amount of cargo or vessels a port handles over time, could slide by as much as double digits in its second quarter (2Q20), as the Covid-19 pandemic continues to disrupt the supply of goods worldwide.

Analysts said this comes as the port operator saw flattish volume growth in 1Q20, with “weakness having been seen from February”.