$WPRTS / 5246 (WESTPORTS HOLDINGS BERHAD)
Research by TA
Hold – TP RM4.86

“The Looming Threat of Trump Tariffs"

WeraiseWestports’DDMvaluationtoRM4.86/share(fromRM4.72)after factoring in the ESG premium of +3%. We continue to like Westports for its sustainable earnings, which would translate to stable future dividends. However, the risk is looming ahead of US presidential election and the upside is limited now after the recent price rally. As such, we downgrade Westports to Hold from buy.

Analyst:
Tan Kam Meng, CFA
kmtan@ta.com.my