Bursa Malaysia Stock Watch
Sime Darby: Maintain Hold - On Cruise Control at Weifang Port
kltrader
Publish date: Fri, 15 Jun 2012, 09:18 AM
kltrader
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Executing its vision and strategy. Sime's latest move to expand its Weifang Port capacity is not a surprise to us, as it is within its strategic blueprint to be a leading player in port management in the Shandong province, China. While we expect only a minor earnings impact on completion in 2-3 years, successful execution of its growth plans will boost investor confidence in management's delivery capabilities. Maintain HOLD with an unchanged MYR10.80 TP, on 16x CY13 PER.
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Source: Maybank Research - 15 June 2012
Click here for full report
Source: Maybank Research - 15 June 2012
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