Westports Holdings Bhd.
MMYX:WPRTS7.02
MYR
+0.25
(+3.69%)
ISIN
MYL5246OO003
Return %
Stock
S&P 500
1Y
31.95
14.20
3Y
116.67
81.12
5Y
53.95
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
MYR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
MYR
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in mil. unless spec.Company Description
- CEO
- Vijaya Kumar Puspowanam
- Full Time Employees
- 5,738
- Sector
- Transportation
- Industry
- Other transportation
- Address
- Westports Port Klang SE Malaysia 42009
- IPO Date
- Oct 18, 2013
- Website
- westportsholdings.com
- Similar Companies
- Business
- Westports Holdings Berhad Westports Holdings Berhad (5246.KL) operates as an investment holding company that develops and manages port operations at Westports, a major multi-cargo terminal in Port Klang, Malaysia; the company handles containerized cargo including gateway and transshipment volumes exceeding 10 million twenty-foot equivalent units (TEUs) annually, alongside conventional cargo such as dry bulk, break bulk, liquid bulk, cement, and roll-on/roll-off (RoRo) shipments; it provides marine services via tugboats and pilot boats, rental services for equipment and facilities, and ancillary services like terminal handling for shipping lines, forwarders, and consignees. Westports serves central Peninsular Malaysia's hinterland and connects to over 350 ports worldwide, leveraging natural deep-water berths along the Straits of Malacca to accommodate large vessels; its operations span primarily Malaysia with a focus on international trade routes including Asia-Europe, Asia-America, and intra-Asia, targeting shipping alliances, importers, exporters, and industries such as oil and gas, agriculture, and manufacturing. Founded in 1993 and headquartered at Pulau Indah, Port Klang, the company employs approximately 5,600 staff and maintains an 80% market share of container throughput in Port Klang through high productivity averaging 35 moves per hour, advanced equipment including quay cranes and rubber-tyred gantries, and a 5.8 km-long container yard. Recent developments include a new 58-year concession agreement signed in December 2023 with the Malaysian government and Port Klang Authority effective from 2024, ongoing Westports 2 Container Terminal expansion from CT10 to CT17 with dredging, land reclamation, and earthworks progressing toward CT10 operations by 2027-2028, completion of maintenance dredging in 2025 restoring full wharf capacity alongside new Port Klang tariffs boosting container revenue, and higher transshipment volumes from shipping alliances like Gemini Cooperation (Maersk-Hapag-Lloyd) and Ocean Alliance; the company participated in the China International Import Expo 2025 to support Malaysia's halal ecosystem, visited China Communications Construction Company (CCCC) headquarters to strengthen infrastructure ties including Westports 2 dredging works, and upgraded its 2025 container throughput guidance to mid-single-digit growth amid 11% year-on-year core net profit rise in first-half 2025 from value-added and restow services.