Forum : Stock: [WPRTS]: WESTPORTS HOLDINGS BERHAD

Westports replaces Inari as FBM KLCI constituent

KUALA LUMPUR: Westports Holdings Bhd has been included in the FTSE Bursa Malaysia (FBM) KLCI following the semi-annual review of the FBM index series.

The port operator replaces Inari Amertron Bhd, which has now been included in the FBM Mid 70 Index.

https://www.thestar.com.my/business/business-news/2023/06/01/westports-replaces-inari-as-fbm-klci-constituent

unicornbird

190 posts

Posted by unicornbird > 2023-06-04 08:14 | Report Abuse

there are more ports opening up in the region. eg, Carey island, Batam port, and possibly Kra canal
will that affect Westport earning in future?

speakup

27,069 posts

Posted by speakup > 2023-06-04 08:25 | Report Abuse

Those on the longer term horizon.
But near term is the possible global Recession which will affect trade

James Yeo

61 posts

Posted by James Yeo > 2023-06-06 14:17 | Report Abuse

Westports Holdings (WH) registered a return on equity of 23.7%, with a market capitalization of RM12.8 billion. https://www.smallcapasia.com/4-malaysian-blue-chip-stocks-with-high-roe/

ACE9696

185 posts

Posted by ACE9696 > 2023-07-11 21:48 | Report Abuse

Condolences
https://www.thestar.com.my/business/business-news/2023/07/11/westports-founder-and-executive-chairman-g-gnanalingam-passes-away-at-78

LittleKnife

80 posts

Posted by LittleKnife > 2023-07-12 16:16 | Report Abuse

will this affect the price ?

speakup

27,069 posts

Posted by speakup > 2023-07-12 20:37 | Report Abuse

His son Ruben already running company since few years ago. So no impact.

LittleKnife

80 posts

Posted by LittleKnife > 2023-07-18 18:55 | Report Abuse

not much movement for the newly included into KLCI stocks.... in fact the performance is worse after inclusion.... yikes

Whythefuss

16 posts

Posted by Whythefuss > 2023-10-27 01:34 | Report Abuse

Congratulation to those who scooped at 3.15 & making profit

KingKKK

466 posts

Posted by KingKKK > 2023-11-10 10:12 | Report Abuse

Kenanga upgrades Westports to ‘outperform’, raises TP to RM3.80

https://theedgemalaysia.com/node/689602

newbie5354_

1,304 posts

Posted by newbie5354_ > 2023-11-27 22:01 | Report Abuse

Thailand’s land bridge project is it good for Westports?

speakup

27,069 posts

Posted by speakup > 2023-11-27 22:24 | Report Abuse

If on will limit down lah

speakup

27,069 posts

Posted by speakup > 2023-12-08 15:09 | Report Abuse

Suspended!
Must be good news come

LittleKnife

80 posts

Posted by LittleKnife > 2023-12-08 16:36 | Report Abuse

no good news

furball

25 posts

Posted by furball > 2023-12-08 16:58 | Report Abuse

PORT KLANG SEALS THE THIRD SUPPLEMENTAL AGREEMENT FOR THE
PRIVATISATION OF WESTPORTS
PUTRAJAYA, 8 DECEMBER 2023 - The Government of Malaysia, Port Klang
Authority (PKA), and Westports Malaysia Sdn. Bhd. wrote a new chapter in history
today with the signing of the Third Supplemental Agreement for the Privatisation of
Westports, witnessed by YB. Loke Siew Fook, Minister of Transport Malaysia.
Previously, the Westports Privatisation Agreement (Original) between the Government
of Malaysia, Port Klang Authority (PKA), and Westports Malaysia Sdn. Bhd. (formerly
known as Kelang Multi Terminal Sdn. Bhd.) was signed for a period of 30-years
effective from 1 September 1994 to 31 August 2024. The new concession which will
extend a period of 58 years from 2024-2082 will include the existing port facilities in
Westports and the new facilities to be developed during the concession period
involving an investment of RM 39.6 billion.
The expansion of the Westports terminal (CT10 to CT17) is expected to increase its
capacity from 14 million TEUs to 27 million TEUs based on projections until 2082. The
development of the CT10 to CT17 container terminal will be carried out on
sustainability principles, in line with green and smart port concepts, including the use
of automation and digitalization that will not only reduce greenhouse gas emissions
but also future-proof the port. The new development will provide the necessary port
facilities and services to meet future demands to support the nation's economic
growth.
The Government of Malaysia has also extended full support to this initiative in Port
Klang, where the development of maritime infrastructure is a priority in enhancing the
country's economy. The cooperation and collaboration between the public and private
sector in this dynamic industry without doubt will build a brighter future for Malaysia's
port and shipping industry.
.................................................................END...........................................................