The Malaysian Pulse
Beat of the Nation
Sat, 21 Sep 2019, 10:43 AM
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Topic: Westports

The Star:
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Tough going for Bursa, glove makers in focus
KUALA LUMPUR: Blue chips were slightly higher in early Wednesday trade after the selldown the previous day due to Axiata and Digi but the overall mood was cautious...
The Star:
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Container found with RM3.36mil illegal ciggies
PETALING JAYA: A container which was supposed to be carrying only beer when it entered Malaysia was found with over four million illicit cigarettes worth at least RM3.36mil at a warehouse at Westports in Pulau Indah, Klang.
The Star:
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Westports sees all-time record achievement this year
KUALA LUMPUR: Westports Holdings Bhd expects to handle an all-time record of more than 10 million twenty-foot equivalents (TEUs) of containers this year.
The Edge Markets:
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Westports expects to handle record 10 mil TEUs of containers this year
KUALA LUMPUR (Sep 10): Westports Holdings Bhd is expecting to handle an all-time record of more than 10 million twenty-foot equivalent unit (TEUs) of containers this year.
The Edge Markets:
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Insider Moves: Velesto Energy Bhd, Serba Dinamik Holdings Bhd, Westports...
Notable filings BETWEEN Aug 19 and 23, notable filings with Bursa Malaysia included the sale of 159.64 million shares in oil and gas firm Velesto Energy Bhd by major shareholder Permodalan Nasional Bh...
The Star:
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Westports to handle all-time record of above 10m TEUs of containers
KUALA LUMPUR: Westports Holdings Bhd expects to handle an all-time record of more than 10 million twenty-foot equivalents (TEUs) of containers this year.
The Star:
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Bursa struggles on lack on strong catalysts, Asian markets drift
KUALA LUMPUR: Bursa Malaysia struggled early Thursday on the lack of convincing catalysts while the undertone of the market continued to be weak following the continued selling by foreign funds.
EdgeProp.my:
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No more foreign workers for service sub-sectors by 2021
PUTRAJAYA (Aug 9): The Government will discontinue the hiring of foreign workers for service sub-sectors comprising laundry, textile, hair dressing and goldsmith businesses in stages, beginning from t...
The Edge Markets:
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No more foreign workers for service sub-sectors by 2021
PUTRAJAYA (Aug 8): The Government will discontinue the hiring of foreign workers for service sub-sectors comprising laundry, textile, hair dressing and goldsmith businesses in stages, beginning from t...
theSun:
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No more foreign workers for service sub-sectors by 2021
PUTRAJAYA: The government will discontinue the hiring of foreign workers for service sub-sectors comprising laundry, textile, hair dressing and goldsmith businesses in stages, beginning from this year...
Malaysiakini:
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No more foreign workers for 4 service sub-sectors until 2021
The government will discontinue the hiring of foreign workers for service sub-sectors comprising laundry, textile, hair dressing and goldsmith businesses in stages, beginning from this year until 2021...
Malay Mail:
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Home Ministry: Govt to stop hiring foreign workers for service sub-sectors by 2021
PUTRAJAYA, Aug 8 — The government will discontinue the hiring of foreign workers for service sub-sectors comprising laundry, textile, hair dressing and goldsmith businesses in stages, beginning from...
The Edge Markets:
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Westports up 1.54% on firm 2Q earnings, higher target price
KUALA LUMPUR (July 29):  Shares in Westports Holdings Bhd rose 1.54% this morning after its second quarter ended June 30, 2019 net profit jumped 36.5% to RM166.32 million, from RM121.81 million a yea...
The Edge Markets:
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Affin Hwang Capital raises target price for Westports to RM4.22
KUALA LUMPUR (July 29): Affin Hwang Capital Research has downgraded Westports Holdings Bhd to “Hold” at RM3.89 with a higher target price of RM4.22 (from RM4.20) and said Westports reported a soli...
The Star:
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Affin Hwang downgrades Westports on recent price run, raises TP to RM4.22
KUALA LUMPUR: Affin Hwang Capital research is raising its FY19-21E earnings forecast on Westports Holdings Bhd and raising its target price to RM4.22 from RM4.20.
The Edge Markets:
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Higher container volume and rates boost Westports' 2Q earnings
KUALA LUMPUR (July 26): Westports Holdings Bhd, which expects to register a high single-digit growth rate for container throughput this year, is continuing to benefit from the container tariff hike si...
The Star:
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Westports posts stronger Q2 results and ups dividend payout
KUALA LUMPUR: Westports Holdings Bhd's posted a stronger set of financial results in the second quarter ended June 30, 2019 as it achieved record-breaking container throughput level.
The Star:
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Bursa extends losses as Telekom, Tenaga, Public Bank slip
KUALA LUMPUR: Bursa Malaysia extended its losses early Thursday in the absence of any strong fund buying as Telekom Malaysia, Tenaga, Public Bank and Hong Leong Bank slipped.
The Star:
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Weak start for KLCI as key Asian markets slump
KUALA LUMPUR: Bursa Malaysia started Monday on a cautious note, tracking the weaker key Asian markets as investors expected a smaller interest rate cut by the US Federal Reserve.
The Star:
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Port Klang turns to online solutions for efficient container lorry management
KLANG: The Port Klang Authority (PKA) has turned to online solutions to reduce the number of container lorries on the road, as well as to improve service efficiency.
The Edge Markets:
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Port tycoon warns industry is no longer a numbers game
WHEN Westports Holdings Bhd burst onto the port scene in 1994, its founder had the rather unconventional idea of building a garden port — basically, a port surrounded by lush green gardens.
The Edge Markets:
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Westports sees double-digit growth in container volume this year
WESTPORTS Holdings Bhd is expecting double-digit growth in container volume this year as the reshuffling of global shipping alliances comes to an end.
EdgeProp.my:
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Malaysia polluted by imported wastes
KUALA LUMPUR (June 7): Just imagine this: plastic milk bottles infested with maggots find their way to Malaysian shores after their contents are consumed by Australians.
The Edge Markets:
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Malaysia polluted by imported wastes
KUALA LUMPUR (June 7): Just imagine this: plastic milk bottles infested with maggots find their way to Malaysian shores after their contents are consumed by Australians.
The Star:
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Pulau Indah land sale gets ‘fair bit of interest’, says agent
PETALING JAYA: Property consultancy CBRE | WTW, which has been appointed the exclusive marketing agent for the sale of Pulau Indah, said it has received “a fair bit of interest” from prospects for the 318-acre land, managing director Foo Gee Jen said.
EdgeProp.my:
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Importers of contaminated plastic waste are traitors - Yeo
PORT KLANG (May 28): Importers of prohibited plastic waste are traitors to the country and stern action will be taken against them, said Energy, Technology, Science, Climate Change and Environment M...
The Edge Markets:
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Newsbreak: 1MDB’s land in Pulau Indah up for sale
THE government is inviting bids for a 318-acre (13.85 million sq ft) tract in Pulau Indah in Klang, Selangor — owned by 1Malaysia Development Bhd (1MDB) — which has been designated as a free trade...
The Star:
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Westports could see longer-term prospects, says Kenanga
KUALA LUMPUR: Kenanga research has maintained its market perform rating on Westports Holdings Bhd with an unchanged target price of RM3.75.
Wesports | KUALA LUMPUR | Kenanga | Westports 2 | 2H19 | Westports Holdings Bhd | Westports | WRPTS | Management | Phase 1 | FY20 | FY21 | 1Q19 | 2H18 | Asia-America | 2 | 8 | 2040 | 8 | 3 | 20 | 3 | 7 | 1 | 33 | 75 | 2 | 2 | 1 | 5 | 5 | 2 | 12 | 5 | 2 | 2 | RM70mil | RM4bil | RM3bil | RM3.75 | 2040
The Edge Markets:
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KUB-Mabanaft’s Westports LPG terminal agreement lapses
KUALA LUMPUR (May 2): KUB Malaysia Bhd said its joint development agreement (JDA) with Mabanaft Pte Ltd to develop, own and operate a refrigerated liquefied petroleum gas (LPG) terminal at Westports i...
The Star:
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Trading ideas: Westports, Seacera, MMHE, LFE, Gadang, DWL
KUALA LUMPUR: Westports Holdings Bhd, Seacera Group Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, LFE Corp Bhd, Gadang Holdings Bhd and DWL Resources Bhd are among the stocks to watch on Monday, according to JF Apex Research.
The Edge Markets:
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Affin Hwang Capital upgrades Westports, raises target to RM4.20
KUALA LUMPUR (April 29): Affin Hwang Capital Research has upgraded Westports Holdings Bhd to “Buy” at RM3.79 with a higher target price (TP) of RM4.20 (from RM4.10) and said Westports reported a s...
The Star:
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RHB maintains Buy on Wesports, TP at RM4.32
KUALA LUMPUR: RHB research maintained its buy call on Westports Bhd, its top transport pick, with a higher target price of RM4.32.
KUALA LUMPUR | Westports | Westports Bhd | RHB | YoY | Westports | YoY | 64% | 1Q19 | 1QFY19 | Management | MYR652m | 2QFY19 | 2.53mil | 1 | 22 | 15 | 3 | 1 | 1 | 15 | 2 | 12 | 0.48 | 0.50 | 4 | 1.71m | 64 | 1 | 1.61m | 0.82m | 0.44 | 7 | 32 | 15 | 15 | 1 | MYR652m | RM4.32 | 1 Mar
Malay Mail:
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Minority shareholders filed suit against Maika Holdings for not acting in their interest
KUALA LUMPUR, April 27 — Three minority shareholders of Maika Holdings Sdn Bhd had filed a suit against the company, seeking compensation and damages.
The Star:
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Role of forwarding agency in handling of cargo
WE refer to the reports headlined “China’s ban, Malaysia’s bane” and “When trash is cash” (The Star, April 24).
The Star:
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Westports posts higher net profit for Q1 FY19
KUALA LUMPUR: Westports Holdings Bhd reported net profit climbed in the first quarter ended March 31, 2019 to nearly RM140mil, as stronger revenue was underpinned by double digit growth in container volume and higher container tariff.
The Edge Markets:
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Westports 1Q net profit up 13% on container tariff hike
KUALA LUMPUR (April 26): Westports Holdings Bhd's net profit rose 13% to RM139.9 million for the first quarter ended March 31, 2019 (1QFY19), from RM123.8 million in the same quarter a year ago.
The Star:
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Uninspiring start for Bursa as key Asian markets subdued
KUALA LUMPUR: Bursa Malaysia started Friday on a cautious footing in the absence of strong fresh catalysts while key Asian markets were subdued.
The Star:
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ECRL boost for Westports
PETALING JAYA: Westports Holdings Bhd is poised to be one of the beneficiaries of the East Coast Rail Link (ECRL) once it is built and ready.
The Star:
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Westports expects higher overall container throughput this year
KUALA LUMPUR: Westports Holdings Bhd expects to achieve higher overall container throughput in 2019 with growth coming from both gateway and transhipment containers.
The Star:
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When trash is cash
KLANG: Anybody who doubts that trash is cash is ignoring the fact that Malaysia’s plastic waste crisis is far from over despite an ongoing crackdown on the illegal processing of this waste.
The Star:
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Yeo: Plastic waste is now being smuggled into Malaysia
KLANG: Plastic waste is now being smuggled into the country via shipping containers by being falsely declared as another type of imports that do not require a permit, says Yeo Bee Yin.
The Star:
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Malaysia Airports in danger of KLCI exclusion
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is in danger of being dropped from the 30-stock FBM KLCI after the decline in share price and its market capitalisation falling to the 34th spot on Thursday.
The Star:
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Tenaga leads KLCI lower, crude oil eases, Ekovest in focus
KUALA LUMPUR: Tenaga Nasional pushed the FBM KLCI into the red in early Thursday trade in the absence of strong rerating catalysts and leads from institutional players while Ekovest was in focus.
The Edge Markets:
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HLIB Research ups Wesports' FY19 earnings forecast on tariff hike, throughput...
KUALA LUMPUR (April 10): With the current tariff hike for Port Klang, effective March 1, Hong Leong Investment Bank (HLIB) Research has raised its earnings forecasts for Westports Holdings Bhd for fin...
The Star:
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Japanese govt fund invests RM125m in Tasco unit
KUALA LUMPUR: A Japanese government fund is investing RM125mil in logistics and warehousing company Tasco Bhd's unit Tasco Yusen Gold Cold Sdn Bhd.
The Edge Markets:
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Westports 4Q net profit falls 31%, pays 6.33 sen dividend
KUALA LUMPUR (Jan 30): Westports Holdings Bhd reported a 31% drop in its fourth quarter net profit at RM145.54 million from RM210.98 million a year earlier mainly on higher taxes.
The Edge Markets:
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Westports declares 6.33 sen/share dividend, 4Q net profit down yoy at RM146m...
Westports declares 6.33 sen/share dividend, 4Q net profit down yoy at RM146m from RM211m
The Edge Markets:
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RHB Research upgrades Westports to 'buy', target price RM4.32
KUALA LUMPUR (Jan 28): RHB Research has upgraded Westports Holdings Bhd to a "buy" call from "neutral" with a new target price (TP) of RM4.32 from RM3.60. In a research note today, it said this was du...
The Star:
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AmInvest Research cuts Wesports net profit forecasts, retains Hold
KUALA LUMPUR: AmInvestment Bank Research cut its FY18-19F net profit forecasts by 8% and 5% respectively and reduced its fair value by 2% to RM3.74 from RM3.82 but maintained its Hold call.
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