Friday 29 Mar 2024
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KUALA LUMPUR (Aug 13): Westports Holdings Bhd shares fell 7.4 percent, more than any full-day drop since the company's October 2013 initial public offering, as Malaysia's benchmark index declined.

The Star (MY): Trading ideas: IHH, MAHB, Westports, YFG, Marine & General

The Star (MY): Kenanga maintains market perform on Westports following tariff postponement

Edge Malaysia: Affin Hwang Capital downgrades Westports, lowers target to RM4.01

Market Metrics

* Shares declined to RM3.52 from RM3.80 in the previous session.

* Trading volume was more than triple the 20-day average.

* The FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index lost 0.9 percent, and the MSCI AC Asia Pacific Index fell 1.3 percent.

Market Insights

* Shares are at a 5.5 percent discount to the analysts' consensus target price. The stock traded at an average 5 percent discount over the past year.

* Stock advanced 5.8 percent in the past 52 weeks as the FTSE Bursa Malaysia KLCI Index - Kuala Lumpur Composite Index gained 2.2 percent.

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