首页 社会内容详情
皇冠信用盘开户(www.hg108.vip)_Headwinds ‘on the horizon’ for Westports

皇冠信用盘开户(www.hg108.vip)_Headwinds ‘on the horizon’ for Westports

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

皇冠信用盘开户www.hg108.vip)是皇冠信用盘官方正网线上开放会员开户、代理开户,额度自动充值等业务的直营平台。

,

KUALA LUMPUR: Westports Holdings Bhd could face earnings headwinds over the short-term as a result of various supply chain disruptions and inflationary pressures.

In light of this, UOB Kay Hian Research in a report yesterday trimmed its earnings forecast for Westports for 2022 (by 4%), 2023 (4%) and 2024 (2%).

“Our forecast, now 15% below consensus, assumes there will be a 4% year-on-year volume contraction in 2022, after factoring in various supply chain disruptions and inflationary impact, and results in a downward revision of 2022 and 2023 20-foot equivalent unit (TEU) figures.”

The research house cut the port operator’s value-added service income, in tandem with lower utilisation of 70% for 2022 and higher fuel costs.

“We continue to assume a high tax rate of 37% for 2022, until there are further updates on the actual one-off Prosperity Tax treatment,” it added, noting that Westports’ second quarter 2022 results are due to be released in July.

UOB Kay Hian Research said there are signs that inflationary pressures in various countries had resulted in lower-than-expected demand, including transshipment demand related to Malaysia.

“This might cause disruptions (delays of consignees) or recalibration to other profitable trade routes, as the cost of goods for certain sectors surge.”

UOB Kay Hian Research noted that China’s lockdowns had disrupted global supply schedules, suggesting cargo backlogs are building as China’s zero-Covid strategy limits exports to Europe and the United States.

“Containership rates for North Asia routes saw a 20% to 30% correction post the Chinese New Year demand slump, as well as a further 20% to 30% correction due to China’s lockdowns. However, reemerging lockdowns in Shenzhen (the assembly line of China’s supply chain) also add on to the uncertainty.”

Citing reports, UOB Kay Hian Research said 51% of freight forwarders and shippers expect “greater chaos” in the peak container season of July and August, as compared to the same period in 2021.

The research house added: “While Shanghai’s reopening should allow east-bound container trades to recommence, China’s export backlog will clash with peak season orders, whereby US and European Union ports are facing heavy congestion.

“Technically, Westports is better equipped to handle a congestion surge, compared with 2021’s case.”

UOB Kay Hian Research noted Malaysian ports are facing competition from Singapore.

“Port Klang and Port of Tanjung Pelepas in Iskandar Puteri, Johor Baru, lost some market share to Port of Singapore Authority (PSA) in the first quarter of 2022.”

The research house said PSA is developing additional capacities, potentially doubling its existing volume of 37 million TEUs to 65 million TEUs by 2040.

  • 顛沛流離人生 @回复Ta

    2022-07-05 00:24:40 

      通知显示,符合遂宁市住房公积金贷款政策的缴存人家庭在遂宁市主城区(含船山区、市直园区)购买自住住房申请住房公积金贷款的,单缴存人家庭最高贷款限额由35万元提高至50万元,双缴存人家庭最高贷款限额由40万元提高至60万元。看得扎心

发布评论