Westports shares fall following deferment of container tariff hike

PETALING JAYA: Westports Holdings Bhd’s share price fell 4.47% this morning after the Port Klang Authority (PKA) postponed the second phase of the container tariff revision at Port Klang.

At 11.33am, its share price was 4.47% or 17 sen lower at RM3.63 with 343,800 shares traded, making it one of the top losers this morning.

Last Friday, Westports said it received a letter from PKA stating that the revision will take effect on March 1, 2019 instead of Sept 1, 2018.

The second phase of tariff revision will entail an average approximate increase of 13% on key container tariff items from the current tariff rates.

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