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

Container Port Terminal Screener September 2026 - Structural Margin Increases

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

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

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

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>Operational revenue rose 33% YoY to RM808mn in 2Q26; PAT up 56% to RM361mn on both tariff phases running for a full quarter.</li>
<li>Total TEUs fell 1% to 2.84mn as Middle East transshipment dropped 24%; container revenue per TEU jumped 37% to RM242.6.</li>
<li>Trades at 17.0x FY26e P/E, 11.3x EV/EBITDA and a 4.4% yield at MYR6.55; FY26 throughput guidance cut to broadly flat.</li>
</ul>


Operational revenue rose 33% YoY to RM808mn in 2Q26; PAT up 56% to RM361mn on both tariff phases running for a full quarter.
Total TEUs fell 1% to 2.84mn as Middle East transshipment dropped 24%; container revenue per TEU jumped 37% to RM242.6.
Trades at 17.0x FY26e P/E, 11.3x EV/EBITDA and a 4.4% yield at MYR6.55; FY26 throughput guidance cut to broadly flat.


International Container Terminal Services (ICT PM)

International Container Terminal Services

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