[%iLSv%] 
Research by RHB
Neutral  – TP RM 4.52

" Limited Upside Potential; D/G To NEUTRAL”

2Q24 results met our and consensus’ expectations. Regional congestion continues to affect Westports, hence, yard utilisation is not expected to reach the optimal c.65%level anytime [%JrlG%] its share price has risen >25% YTD, we believe it is now time for profit-taking due to limited upside potential while the counter now trades at +1SD above the historical mean. This report marks the transfer of coverage to Syahril Hanafiah.

Analyst: 
Syahril Hanafiah
[%WGdt%]

$KLSE-WPRTS 
Research by RHB
Neutral  – TP RM 4.52

" Limited Upside Potential; D/G To NEUTRAL”

2Q24 results met our and consensus’ expectations. Regional congestion continues to affect Westports, hence, yard utilisation is not expected to reach the optimal c.65%level anytime soon.As its share price has risen >25% YTD, we believe it is now time for profit-taking due to limited upside potential while the counter now trades at +1SD above the historical mean. This report marks the transfer of coverage to Syahril Hanafiah.

Analyst: 
Syahril Hanafiah
syahril.hanafiah@rhbgroup.com

$WPRTS / 5246 (WESTPORTS HOLDINGS BERHAD)