Kuala Lumpur: The region’s big shipping-related listing is all set for tomorrow with Malaysian terminal Westports Holdings readying for its debut on the Kuala Lumpur Stock Exchange.
Kenanga Investment Research has a target price of RM2.90 for Westports Holdings, 40 sen above its retail price of RM2.50.
Kenanga Research said Wesports plans to add capacity so that it can handle up to 16m teu in the coming 10 years.
“With the higher than average operational efficiency which also results in superior margins coupled with a favourable shift in the container industry, we believe that Westports Holdings offers a long-term investment proposition,” Kenanga Research noted. [17/10/13]