2025 Container Growth Forecast At 2.5 Pct, 'Hold' Rating On Westports - CIMB Securities

KUALA LUMPUR, May 13 (Bernama) -- CIMB Securities Sdn Bhd has maintained a 2025 growth forecast of 2.5 per cent for container throughput, underpinned by new services from shipping alliances, and potential front-loading activities during the 90-day tariff pause.

Maritime Sector Not Immune To Tariff War, With Small Firms Facing Potential Death Blow

By Harizah Hanim Mohamed

KUALA LUMPUR, May 11 (Bernama) -- Malaysia’s maritime sector, including its ports, is not immune to the fallout from the tariff war, which can potentially deal a death blow to small companies if the cost of shipping cargo increases exorbitantly.

Intra-Asia Trade Boosts Westports Net Profit By Nine Pct To RM222 Mln In First Quarter

KUALA LUMPUR, May 9 (Bernama) -- Westports Holdings Bhd's net profit for the first quarter ended March 31, 2025 (1Q FY2025) rose by nine per cent to RM222.46 million, compared with RM204.51 million recorded in the same quarter a year ago.

Banking, Consumer Product Stocks Lift FBM KLCI At Midday

KUALA LUMPUR, March 24 (Bernama) -- Bursa Malaysia ended the morning session higher, lifted by renewed buying interest in selected heavyweight banking and consumer product counters.

Kenanga IB: Trade Shifts, AI To Drive Logistics Sector In 2025

KUALA LUMPUR, March 12 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) expects the domestic logistics sector to sustain steady growth in 2025, driven by the expanding e-commerce industry, the global technology upcycle fuelled by artificial intelligence (AI) demand, and a resilient United States (US) economy.

Analysts Mixed On Westports Outlook

KUALA LUMPUR, Feb 20 (Bernama) -- Analysts are mixed on Westports Holdings Bhd’s outlook, with two investment banks offering differing perspectives.

Westports Share Price Up After Posting Higher FY2024 Net Profit

KUALA LUMPUR, Jan 24 (Bernama) -- Westports Holdings Bhd’s share price on Bursa Malaysia was slightly higher in early trading after posting a higher net profit of RM897.98 million for the financial year ended Dec 31, 2024 (FY2024) versus RM779.43 million in the preceding year. 

Westports Names Ruben Gnanalingam Executive Chairman

KUALA LUMPUR, Jan 23 (Bernama) -- Westports Holdings Bhd has redesignated Datuk Ruben Emir Gnanalingam Abdullah as executive chairman of the company and its wholly owned subsidiary, Westports Malaysia Sdn Bhd (WMSB), effective Feb 1, 2025.

Westports Posts Higher Net Profit Of RM897.98 Mln In FY2024

KUALA LUMPUR, Jan 23 (Bernama) -- Westports Holdings Bhd's net profit rose to RM897.98 million for the financial year ended Dec 31, 2024 (FY2024) from RM779.43 million in the preceding year. 

Maybank IB Forecasts 41 Pct Gateway Container Mix For Westports In FY2025

KUALA LUMPUR, Jan 21 (Bernama) -- Maybank Investment Bank Bhd (Maybank IB) forecast a 41 per cent gateway container mix for Westports Holdings Bhd in financial year 2025 (FY2025), compared to 45 per cent recorded in the third quarter last year, with a tariff hike anticipated in FY2027.

Buoyant Year For Port Operators, Shipping Industry But Challenges Persist

By Harizah Hanim Mohamed

KUALA LUMPUR, Dec 18 (Bernama) -- It has been a strong year for ports in Malaysia as operators pushed ahead with capital-intensive infrastructure upgrading works and rode on the wave of e-commerce growth as well as rising global trade to maintain their competitiveness.

FBM KLCI Review: 99 Speed Mart, Gamuda Replace Genting, Genting Malaysia In KLCI Constituent

KUALA LUMPUR, Dec 5 (Bernama) -- 99 Speed Mart Retail Holdings and Gamuda will replace Genting and Genting Malaysia as constituents of FTSE Bursa Malaysia KLCI.