MIDF Research ups Westports target price to RM2.65

KUALA LUMPUR: MIDF Equities Research has revised upwards its target price for Westports Bhd from RM2.56 to RM2.65 on news the port operator plans to submit an application for container tariff hike to the Port Klang Authority (PKA).

It said on Thursday that high terminal utilisation at Port of Tanjung Pelepas (PTP) should restrain the re-routing of transhipment volume from Westport.