Westports shares surge over 4% after CIMB report cites catalysts
The kickers are start of key customer alliance, renewal of Investment Tax Allowance, govt nod to raise port tariffs
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THE shares of Westports Holdings leapt over 4 per cent to RM3.42 apiece on Tuesday, after CIMB released a report on the same day predicting that the stock was due for a re-rating on the back of three "explosive" catalysts.
The three kickers cited by the investment bank: the start of the Ocean Three alliance; a renewal of the port operator's Investment Tax Allowance (ITA), and government approval to raise port tariffs.
