Westports set to reap benefits of terminal expansion

The expansion of the terminals follows Westports securing a 58-year extension until 2082 to its concession agreement with the government.

PETALING JAYA: Maybank Investment Bank (Maybank IB) Research says it is optimistic about Westports Holdings Bhd’s outlook, driven by the group’s sustained growth in intra-Asia trade and increasing foreign direct investments in Malaysia.

Furthermore, the research house said the long-awaited expansion of Westports’ container terminals 10 to 17 (CT10-17) improves the port operator’s growth prospects.