Posted in News

Westports poised to benefit from trade diversion and expansion plans: Kenanga

 Posted by  Posted on November 5, 2025  67 Comments on Westports poised to benefit from trade diversion and expansion plans: Kenanga
Westports poised to benefit from trade diversion and expansion plans: Kenanga

 ​[[{“value”:”

WESTPORTS’ nine months financial year 2025 (9MFY25) core net profit met expectations at 76% of both Kenanga’s forecast and the consensus estimate. No dividend was declared as it typically announced half-yearly.

Year-on-year (YoY), its 9MFY25 revenue rose 24% despite a slight increase in the container throughput volume (+4%) driven by higher average revenue per TEU (+19%) from higher value-added services (VAS) ratio of 25% and 1st phase port tariff adjustment of 15%, which was implemented with effect from 15 July 2025. 

Other key drivers in 9MFY25 include: 

(i) higher storage income of metal commodities following more stringent regulatory inspections to curb illegal e-waste entry.

(ii) higher restow services from Evergreen shipping line due to disruption in vessels trade routes planning in 3Q as well as reshuffling of boxes for Gemini Cooperation in the 1HFY25.

(iii) higher rental revenue from higher warehouse sublease renewal rates and MFRS 16 adjustment.

(iv) front-loading on Trump tariff.

Its transhipment volume grew 8% underpinned by restow services from Evergreen shipping line in quarter three (3Q) and Gemini Cooperation in the first half of financial year 2025 (1HFY25).

Also, note Ocean Alliance which boosted the volume for Asia-Europe routes (+24%) and other routes despite lower intra-Asia trade due to higher base in 9MFY24, and Asia-America routes (+17%) improved with some front-loading to the US. 

This offset the flat growth in its gateway container volume after growing YoY for 10 consecutive quarters which was partially affected by the stricter inspections of metals import by the authorities to curb illegal e-waste entry.

On the other hand, its conventional cargo volume increased to 9.21 mil metric tonnes (+2%) on higher volume of break bulk throughput (project cargoes and mixed steel) and dry bulk throughput (soybean, maize, clinker/slag, and fertiliser) volume with notable improvement in 3QFY5 in term of revenue on 1st phase port tariff adjustment of 15%.

Its core net profit grew 14% with a slightly lower effective tax rate at 23.0% vs. 23.2% in 9MFY24.

Kenanga likes WPRTS for its resilient earnings underpinned by long-term contracts with key clients such as Ocean Alliance.

Also, it has long-term growth prospects driven by the Westports 2 expansion project.

WPRTS also enjoy price competitiveness, lower transshipment tariffs vs peers such as Port of Tanjung Pelepas and Port of Singapore. 

“Maintain OUTPERFORM call. We believe that WPRTS should be able to weather the challenging global trade outlook as key beneficiary of trade diversion, while effectively managing its yards congestion issues by the significant hike in containers storage charge that can withstand vessels bunching from Middle East crisis,” said Kenanga. —Nov 5, 2025

Main image: New Straits Times

 

The post Westports poised to benefit from trade diversion and expansion plans: Kenanga first appeared on Focus Malaysia.

“}]] 

Author: CS Ming

67 thoughts on “Westports poised to benefit from trade diversion and expansion plans: Kenanga”

  1. Für Strategiefans gibt es immer europäische und französische Roulette-Varianten, mehrere Blackjack-Tische und Baccarat,
    das einfach zu spielen ist. Wenn Sie sich für Admiral Casino anmelden, erhalten Sie Zugriff auf eine sichere, unterhaltsame
    Plattform mit vielen Spielen. Neue Spieler müssen mindestens 18 Jahre
    alt sein und in einem Land leben, in dem es legal ist,
    mit uns zu spielen. Anstatt Ihnen zufällige Pakete zu senden, basieren die Belohnungen darauf, welche Spiele Sie spielen. Im Admiral Casino steht eine große
    Auswahl an zertifizierten Spielautomaten und klassischen Tischspielen sowie Live-Chat- und E-Mail-Support zur Verfügung.

    Wenn er bei 10 Spielen eine Mindesteinzahlung von 30 Euro tätigt, werden Ihrem Admiral Online Casino Spielerkonto automatisch 100 Euro berechnet.
    Es ist wichtig zu wissen, dass Admiral Casino Online spielen diesen Promo nur am
    Freitag von 16.00 bis 19.00 Uhr auf den Tisch legt. Admiral wird Sie
    mit 50 Freispielen belohnen, damit Sie ruhig und entspannt spielen können, sogar von zu Hause aus.

    References:
    https://online-spielhallen.de/n1bet-casino-erfahrungen-mein-umfassender-bericht-nach-10-jahren-spielpraxis/

  2. If you want to feel like you’re on the casino floor, Live Roulette is where it’s at.
    If you’re chasing that life-changing jackpot, Mega Moolah is the one to
    play. Think special promos, extra reload bonuses, and top-tier customer service to
    make you feel like a million bucks. From extra spins to cashback offers, we’ll
    throw in a surprise bonus now and then to keep you on your
    toes. Once you’re part of the Sky Crown family, we don’t just dish out a bonus and
    call it a day.
    Telephone support remains available for those preferring voice
    conversations about complex problems. Customer support remains
    available to assist with any transaction issues. Sky crown Australia
    accepts various currencies with instant processing for most
    deposit types. Multiple payment methods accommodate different player preferences, ensuring transactions complete securely.

    These games are available in both free and real money modes, perfect for quick sessions
    anytime. Engage in fast-paced popular games like JetX, Plinko XY,
    and Mines. For a twist on the conventional, try games like Andar Bahar, Pai
    Gow, or Red Dog. With an impressive array of over 7,000 pokies, SkyCrown Casino offers something
    for everyone—from the experienced gamblers to those just looking for fun spins
    and massive jackpots. Special birthday gifts and personalised bonuses

    References:
    https://blackcoin.co/free-slots-play-32178-online-slot-games-no-download/

  3. The welcome offer is split across your first four deposits, with up
    to $22,500 in bonus funds and 350 free spins available.
    To claim the welcome bonus, simply create an account
    and make your first deposit. RollXO offers 24/7 customer support,
    so you’re never left hanging when you need help. Navigation is simple,
    so you can quickly find games, manage your account, and explore
    promotions without any hassle.
    Dealers are experienced, the UI is responsive, and games load instantly even on mobile.
    Available for new players (including bonus
    codes and spins) If you’re into bold offers and VIP energy, Rollxo online
    casino could easily be your next daily login.

    References:
    https://blackcoin.co/sol-casino-in-depth-review/

  8. Thanks , I’ve just been searching for information about this subject for ages and yours is the greatest I’ve found out till now. But, what about the conclusion? Are you sure concerning the source?

  15. Hurrah, that’s what I was looking for, what a stuff! existing here at this weblog, thanks admin of this web site.

  18. Hurrah, that’s what I was seeking for, what a information! existing here at this weblog, thanks admin of this web page.

  21. After I originally commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now each time a comment is added I get 4 emails with the exact same comment. There has to be a way you are able to remove me from that service? Thank you!

  22. When I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and from now on every time a comment is added I receive four emails with the same comment. Is there a means you can remove me from that service? Kudos!

  23. When I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I recieve 4 emails with the same comment. There has to be an easy method you are able to remove me from that service? Kudos!

  24. When I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I recieve 4 emails with the exact same comment. Is there an easy method you are able to remove me from that service? Appreciate it!

  25. After I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I receive four emails with the same comment. Is there a means you can remove me from that service? Thank you!

  26. When I initially commented I appear to have clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I receive 4 emails with the exact same comment. Perhaps there is an easy method you can remove me from that service? Cheers!

  27. After I originally left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and from now on every time a comment is added I receive 4 emails with the same comment. There has to be a way you are able to remove me from that service? Cheers!

  28. When I initially left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I recieve 4 emails with the exact same comment. Is there a means you are able to remove me from that service? Many thanks!

  31. This is very interesting, You are a very skilled blogger. I’ve joined your rss feed and look forward to seeking more of your fantastic post. Also, I have shared your web site in my social networks!

  34. I constantly emailed this website post page to all my contacts, since if like to read it after that my contacts will too.

  37. I am not sure where you’re getting your info, but great topic. I needs to spend some time learning much more or understanding more. Thanks for magnificent information I was looking for this information for my mission.

  38. I like the valuable info you provide in your articles. I’ll bookmark your weblog and check again here regularly. I am quite sure I will learn many new stuff right here! Good luck for the next!

  49. My partner and I stumbled over here by a different web address and thought I might as well check things out. I like what I see so i am just following you. Look forward to going over your web page repeatedly.

  50. usa online casino fast payouts, uk no deposit is the route 66 casino open (Melisa) and where
    can i play poker online for real money in australia, or blackjack tutorial usa

  53. Have you ever thought about creating an e-book or guest authoring on other websites? I have a blog centered on the same subjects you discuss and would really like to have you share some stories/information. I know my viewers would appreciate your work. If you’re even remotely interested, feel free to shoot me an email.

  54. I always used to read post in news papers but now as I am a user of web therefore from now I am using net for posts, thanks to web.

  55. I was curious if you ever thought of changing the page layout of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or 2 pictures. Maybe you could space it out better?

  56. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

  59. Your means of telling everything in this paragraph is actually good, every one be able to easily be aware of it,
    Thanks a lot.

    Take a look at my site: true blue casino cashier (Bridgette)

  61. Hello there! This post couldn’t be written much better! Reading through this post reminds me of my previous roommate! He continually kept preaching about this. I am going to send this information to him. Pretty sure he’ll have a good read. Thank you for sharing!

  62. I’ve learn some just right stuff here. Definitely worth bookmarking for revisiting. I wonder how much attempt you place to create this kind of excellent informative web site.

  63. whoah this blog is magnificent i really like reading your posts. Keep up the good work! You understand, a lot of persons are searching round for this information, you could help them greatly.

Leave a Reply

Your email address will not be published. Required fields are marked *