AllianceDBS expected Westports’ full-year volumes to contract by 5% in FY20 due to the pandemic and recover by 5% in FY21.
PETALING JAYA: Westports Holdings Bhd
’s third quarter earnings for its financial year 2020 (FY20) could see a recovery due to an improvement in trade statistics, according to AllianceDBS Research.
“We expect Westports’ third quarter earnings to be sequentially stronger supported by the recovery of trade statistics. Based on channel checks, volumes have held up reasonably well in the past months, ” the research house said.
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