Westports Looks Insulated From Middle East Risks -- Market Talk

Dow Jones03-25 15:31

0731 GMT - Westports Holdings could remain largely insulated from the Middle East conflict, supported by its focus on intra-Asia trade, RHB IB analyst John Liew says in a note. Direct exposure is limited, with only 5% of container volumes tied to the Middle East, while diversions from Strait of Hormuz disruptions may benefit throughput, he says. However, higher fuel costs could weigh on earnings, with every 10% increase in fuel cost potentially reducing 2026 earnings estimates by about 1%, he reckons. Freight rates could also be more volatile with shipping carriers expected to shelve their plans to return selected east-west services to Suez Canal transits, he adds. RHB maintains a buy rating on Westports and keeps target price at 6.89 ringgit. Shares are 0.8% higher at 5.98 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 03:31 ET (07:31 GMT)

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Freight rates could also be more volatile with shipping carriers expected to shelve their plans to return selected east-west services to Suez Canal transits, he adds. RHB maintains a buy rating on Westports and keeps target price at 6.89 ringgit. Shares are 0.8% higher at 5.98 ringgit. 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