DP World announced it handled 47.5mn TEU across its global portfolio of container terminals in 9M2016, with gross container volumes growing by 2.2% on a reported basis, and up 1.0% on a like-for-like basis. The European and Indian subcontinent terminals continue to deliver a robust performance, while conditions in Australia and Latin America remain challenging, management said in a press release. The UAE handled 11.1mn TEU, down 6.7% Y-o-Y due to a reduction in lower-margin transhipment cargo. At a consolidated level, DP World terminals handled 21.9mn TEU in 9M2016, up 0.3% Y-o-Y on a reported basis and down 2.3% on a like-for-like basis. (Company disclosure )   DP World: USD18.31 as of 24 October 2016, Rating: Buy, FV: USD22.0 per share, MCap: USD mn15,197 DPW DU / DPW DI