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Business

Westports sees 5%-10% higher container volume

KUALA LUMPUR: Westports Holdings Bhd expects the volume of shipping containers that passes through its port in Klang to grow by between 5% and 10% this year on the back of steady growth in the first quarter.

Analyst Reports

CIMB Research retains Hold on Daibochi, TP RM4.38

KUALA LUMPUR: CIMB Equities Research is maintaining its Hold recommendation on Diabochi Plastic and Packaging with a target price of RM4.38.

Property

Malakoff sees low rate for retail subscription

PETALING JAYA: Power producer Malakoff Corp Bhd saw a significantly smaller oversubscription rate for the retail portion of its offering compared with the institutional fund interest shown for its initial public offering (IPO).

Plantations

Malakoff valued at RM9bil

KUALA LUMPUR: Malaysia’s largest independent power producer Malakoff Corp Bhd, which is making a comeback to Bursa Malaysia on May 15, has priced its initial public offering (IPO) at RM1.80 a share, valuing the company at RM9bil.