Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Westports Holdings (WPRTS MK) Q2FY26: 56% PAT Growth,70.7% EBITDA Margin, 17x PE with a 4.4% Yield

Container Port Terminal Screener September 2026 - Structural Margin Increases

Westports Holdings (WPRTS MK): A Steady Pricing Growth Led Story

Westports Holdings (WPRTS MK): Solid Q4 FY25, Tariff Hikes To Catapult Profitability

Container Port Terminal Screener: Jan 2026 - ICTSI Durban Port Approval And Buy-Backs, ATI Delisting

Container Port Terminal Screener December 2025: Top Picks For FY26

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>Revenue grew 44% YoY to RM896mn in 1Q26; operational revenue +27% to RM753mn; PAT up 47% to RM327mn, driven by tariff hike and margin expansion.</li>
<li>Total TEUs flat at 2.66mn (-1% YoY); TEU yield surged to MYR233/TEU (+31% YoY), with VAS income rising to 28.3% of container revenue.</li>
<li>Stock trades at 15.1x FY26e P/E and 10.1x EV/EBITDA; dividend yield of ~5.0% at MYR 5.81; valuation attractive on expansion optionality.</li>
</ul>


Revenue grew 44% YoY to RM896mn in 1Q26; operational revenue +27% to RM753mn; PAT up 47% to RM327mn, driven by tariff hike and margin expansion.
Total TEUs flat at 2.66mn (-1% YoY); TEU yield surged to MYR233/TEU (+31% YoY), with VAS income rising to 28.3% of container revenue.
Stock trades at 15.1x FY26e P/E and 10.1x EV/EBITDA; dividend yield of ~5.0% at MYR 5.81; valuation attractive on expansion optionality.


Westports Holdings (WPRTS MK) Q1FY26: Stellar 47% Bottomline Growth, 15x PE with a 5% Yield