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Overview
Financial Highlight
HeadlinesBusiness Background Sime Darby Bhd is a Malaysian investment holding company. The company organises itself into five segments, based on business type: plantation, property, motors, industrial, and logistics. Motors, the largest contributor to revenue, has investments in assembly, import, distribution, and retail businesses representing several major automotive manufacturers. Property, the largest contributor to profit, is involved in property development, property investment, and asset management. Plantation, the second- largest contributor to both revenue and profit, operates plantations to produce palm oil. The industrial segment sells and rents new and used Caterpillar heavy equipment. Logistics operates ports and logistics services in China. Sime Darby derives the majority of revenue domestically.
  Mabel Date Open Price Target Price Upside/Downside Price Call Source News 27/02/2024 2.62 0.93 -1.69 (64.50%) BUY CIMB Price Target News 26/02/2024 2.65 0.91 -1.74 (65.66%) BUY TA Price Target News 26/02/2024 2.65 0.89 -1.76 (66.42%) BUY BIMB Price Target News 26/02/2024 2.65 0.95 -1.70 (64.15%) BUY AmInvest Can someone explain why the TP is so low? 14/03/2024 3:38 PM Mabel ksongking @Mabel Wrongly tagged to Sime Property 18/03/2024 1:49 PM Thank you Ksongking for your clarification. Meow 19/03/2024 10:47 AM  StarOfTheBull Expecting government to rollout target subsidy next month, including fuel. Already BYD reported top sales in March. More car owners are expected to shift to electric vehicles. 10/05/2024 4:39 PM StarOfTheBull What do we think? EPF Account 3 withdrawals would likely to be used on? A new car? House renovation? Travelling? A new smartphone? New furnitures? And the lists go on..... 14/05/2024 9:08 AM StarOfTheBull Malaysia’s Anwar says to cut fuel subsidy at the ‘right time’ https://www.bloomberg.com/news/videos/2024-05-14/anwar-malaysia-will-cut-fuel-subsidies-at-right-time-video 14/05/2024 7:43 PM StarOfTheBull The cabinet has decided to implement targeted subsidy on diesel. According to sources, very soon the next will be Ron95 petrol. Based on available data from PADU, cash would be deposited monthly into bank accounts of those who are eligible for the subsidy. https://www.sinchew.com.my/news/20240521/nation/5625423 22/05/2024 10:11 AM MalaysiaEquityGuide plan to sell then please watch. https://www.youtube.com/watch?v=XlZ5LIC0BWo 25/05/2024 9:43 PM moneyontheway do you know why it dropped? supposed to be going up when the market is good. 14/06/2024 9:42 AM Shih Wee Recently I just had a study of its latest quarterly report. I found that the figure of its "Cash & Bank" way below its short-term borrowings. This situation is nothing new to Sime, however should we need to worry about it as an investor? The Motor Sector in China is highly affected by the pricing war..... 14/06/2024 2:38 PM moneyontheway does EPF also sell PETDAG? As a result it dropped to its lowest???? 20/06/2024 3:47 PM moneyontheway any dividend for Q1? In this forum, nobody wants to answer questions asked??? 20/06/2024 3:49 PM sherene08 https://www.bernama.com/en/business/news.php?id=2319015&client_hour_clock=24&clientlang=2 18/07/2024 3:16 PM Mabel KUALA LUMPUR: Sime Darby Bhd wrapped its 2024 financial year (FY24) with a bottom-line twice as large as the previous year's due to a RM2bil gain from its disposal of Ramsay Sime Darby Health Care (RSDH) in December 2023. During the 12-month period, the group posted a net profit of RM3.31bil, which compares to RM1.46bil in FY23. Excluding one-off items, the group's earnings remained 14% higher at RM1.3bil, largely owing to higher profits from its industrial business in Australia, the strong performance from the motors businesses in Malaysia, Singapore and Taiwan, as well as the maiden profit contribution from the UMW division. In line with the performance, Sime Darby declared a second interim dividend of 10 sen per share, bringing its total dividend payout in FY24 to 13 sen a share or RM886mil. In 4QFY24 alone, the group said its performance was impacted by the motors division, which undertook a strategic review of its operations, incurring impairments of RM229mil. https://www.thestar.com.my/business/business-news/2024/08/27/sime-darby-ends-fy24-with-rm331bil-net-profit-bolstered-by-sale-of-healthcare-business 27/08/2024 4:28 PM Mabel This is a strong result for Sime Darby Bhd. Significant Increase in Net Profit: The net profit for FY24 was RM3.31 billion, more than double the RM1.46 billion from FY231. This substantial increase was largely due to a RM2 billion gain from the sale of Ramsay Sime Darby Health Care. Core Earnings Growth: Excluding one-off items, the group’s earnings were still 14% higher at RM1.3 billion. This growth was driven by higher profits from its industrial business in Australia, strong performance from the motors businesses in Malaysia, Singapore, and Taiwan, and the first profit contribution from the UMW division. Dividend Payout: Sime Darby declared a total dividend payout of 13 sen per share for FY24, amounting to RM886 million. This reflects the company’s commitment to returning value to its shareholders. Challenges in 4QFY24: The fourth quarter saw some challenges, particularly in the motors division, which incurred impairments of RM229 million due to a strategic review. Despite this, the overall annual performance remained strong. Overall, the results indicate a robust financial performance, with significant growth in net profit and core earnings, alongside a solid dividend payout. This performance, despite some challenges, Sime Darby is well-positioned for future growth… Meow Meow Meow 27/08/2024 4:33 PM moneyontheway @mabel, why the share price keeps on dropping even though it posted good results? 28/08/2024 3:24 PM  Michael Kwok Many people loss 5 figures this month.i loss only few hundred.duhh.u see no need people guide,punish kao kao. 28/8/24 3.40pm ****Add me as my follower or guide(paid). 28/08/2024 3:38 PM All_in_2021 Significant Increase in Net Profit: The net profit for FY24 was RM3.31 billion, more than double the RM1.46 billion from FY23. This substantial increase was largely due to a RM2 billion gain from the sale of Ramsay Sime Darby Health Care. If you exclude the 2 billion one off gain, the net profit is only RM1.31 billion which is a decrase compared to RM1.46 billion in FY23 28/08/2024 5:15 PM Mabel #moneyontheway @mabel, why the share price keeps on dropping even though it posted good results? 28/08/2024 3:24 PM I believe the funds are moving to Banking Sectors. Here is the valuation based on Wall Street SIME (MYR2.44) is trading below our estimate of fair value (MYR3.4) Significantly Below Fair Value: SIME is trading below fair value by more than 20%. SIME is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (14x). Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement. 28/08/2024 9:34 PM Mabel Date Open Price Target Price Upside/Downside Price Call Source News 28/08/2024 2.55 2.74 +0.19 (7.45%) HOLD TA Price Target News 28/08/2024 2.55 3.10 +0.55 (21.57%) BUY RHB-OSK Price Target News 28/08/2024 2.55 2.90 +0.35 (13.73%) BUY KENANGA Price Target News 28/08/2024 2.55 2.75 +0.20 (7.84%) HOLD AmInvest Today sell off is over done... 28/08/2024 9:45 PM Mabel Sime Darby Bhd closed its financial year ended June 30, 2024 (FY2024) on a strong footing, reporting impressive results. Here are the key points: Net Profit Surge: The net profit more than doubled to RM3.31 billion from RM1.46 billion in the previous year. This substantial increase was primarily due to a RM2 billion gain from the sale of Ramsay Sime Darby Health Care (RSDH) in December 2023. Core Earnings Growth: Excluding one-off items, the core net profit for FY2024 reached RM1.3 billion, representing a 14% increase from FY2023. This growth was driven by higher profits from the industrial business in Australia, strong performance in the motors businesses across Malaysia, Singapore, and Taiwan, and the maiden profit contribution from the UMW division. Revenue Jump: Revenue for FY2024 surged by 39% to RM67.13 billion from RM48.29 billion in FY2023. Dividend Payout: Sime Darby declared a total dividend payout of 13 sen per share for FY2024, amounting to RM886 million, demonstrating its commitment to shareholders. Challenges in 4QFY24: In the fourth quarter (4QFY2024), net profit declined by 85.7% to RM89 million due to one-off impairments and provisions at the motors division, losses in the motors operations in China, higher finance costs, and deferred tax provisions. However, revenue for the quarter improved by 41.4%. Despite these challenges, Sime Darby remains optimistic about its core financial performance for FY2025, expecting consistency with FY2024. The company’s market value currently stands at RM17.93 billion 28/08/2024 9:49 PM Mabel https://theedgemalaysia.com/node/724405 KUALA LUMPUR (Aug 27): Sime Darby Bhd (KL:SIME) closed the financial year ended June 30, 2024 (FY2024) on a strong footing, with its net profit more than doubling to RM3.31 billion from RM1.46 billion in the previous year. This was largely due to a RM2 billion gain from the disposal of Ramsay Sime Darby Health Care (RSDH) in December 2023. As a result, earnings per share grew to 48.5 sen for FY2024, compared with 21.4 sen for FY2023. However, stripping out the one-off item, the automotive and industrial conglomerate reported a core net profit of RM1.3 billion in FY2024, up 14% from FY2023, on higher profits from the industrial business in Australia, the strong performance of the motors businesses in Malaysia, Singapore and Taiwan, as well as the maiden profit contribution from the UMW division. Revenue for FY2024 saw a 39% jump to RM67.13 billion from RM48.29 billion in FY2023. Sime Darby declared a second interim dividend of 10 sen per share for FY2024, payable on Sept 30. This brings the total dividend payout for FY2024 to 13 sen per share or RM886 million. For the fourth financial quarter ended June 30, 2024 (4QFY2024), however, Sime Darby saw net profit fall 85.7% to RM89 million from RM622 million a year earlier, mainly due to one-off impairments and provisions at the motors division, losses at the motors operations in China, higher finance costs and deferred tax provisions. This resulted in lower earnings per share of 1.3 sen for 4QFY2024, compared with 9.1 sen for 4QFY2023. Nevertheless, revenue for the quarter saw a 41.4% improvement to RM18.8 billion from RM13.29 billion a year earlier. 28/08/2024 9:52 PM yeinemesis Don't dare to hold for dividend entitlement due to the timing schedule of the US job data announcement on Friday night. If US market fall, Bursa may also fall on Monday morning. 06/09/2024 11:33 PM 1DERFUL Hello, sime is still dropping even though market is rebounding , is there any other issue beside divided adjustment? How much more do you think it may go down 10/09/2024 10:14 AM StarOfTheBull Sime Darby to shutter unprofitable car outlets in China. https://www.nst.com.my/business/corporate/2024/08/1097457/sime-darby-shutter-unprofitable-car-outlets-china#google_vignette 11/09/2024 11:06 AM yeinemesis The uncertainty in the World Markets especially in the US is also bringing down the price. 11/09/2024 6:50 PM  | |
