Westports’ trade growth stalls amid coronavirus outbreak
All but one of the major trade lanes served by Malaysia-based Westports are connected to China, which is experiencing a major slowdown amid the coronavirus outbreak. One analyst has downgraded Westports’ earnings outlook, suggesting the port operator would not gain more trade volume this year
Asia-Europe and intra-Asia trades, accounting for over 80% of Westports’ volumes last year, are highly exposed to the threat of a slowdown in China
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