I suppose it will rebound a bit since it dropped so sharply. But will need to see what Budget 2019 will affect it to anticipate longer term movements...
09-Nov-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,500,000 shares on 05-Nov-2018. 09-Nov-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 246,700 shares on 05-Nov-2018. 09-Nov-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 1,500,000 shares on 05-Nov-2018. 09-Nov-2018 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) acquired 246,700 shares on 05-Nov-2018. https://klse.i3investor.com/servlets/stk/4197.jsp
Australia's heavy machinery sales rebounded Sime Darby's industrial business to the next level Orientaldaily Thu, Nov 15, 2018 - 2 hours ago
KUALA LUMPUR (April 15): Sime Darby (SIME, 4197, main board consumer stocks) expects that the turnover of the industrial products business in the 2019 financial year (June 30) will be further upgraded in view of the improvement in coal demand and the sales of heavy equipment in Australia. floor.
Sime Darby Chief Executive Officer Jeffrey Sarin told reporters after today's shareholders meeting that the Australian mining industry is recovering strongly, so the demand for machinery and trucks such as heavy industrial equipment has increased significantly, which is expected to significantly increase the company's Industrial product distribution business benefits.
Jeffrey said, "As of June this year, Sime Darby's industrial business held orders of RM2.7 billion, which is much more than last year's RM1.5 billion. Due to the low coal prices in the past few years, many mining companies have extended their heavy weight. New orders and repairs for equipment and trucks have caused our business to decline. However, as coal prices recover, the demand for heavy machinery and maintenance services we sell will pick up. In view of this, the industrial business in fiscal year 2019 The proportion of revenue will grow further."
He added that most of the RM2.7 billion orders will be delivered in the next six months to one year. Sime Darby, who settled on June 30 each year, was the largest source of revenue for the industrial products business in FY 2018. The business revenue reached RM13,411 million and contributed RM610 million in pre-tax profit.
It is worth mentioning that this shareholder meeting is the first shareholder meeting after the change of Sime Darby, so the future development direction of the company has become the focus of the market.
Sime Darby also launched a five-year "Creation Value Plan" covering six major directions: first, to increase turnover; second, cost optimization; third, to achieve internal growth; fourth, to sell non-core assets 5. Expanding the medical business; and 6. Synergistic mergers and acquisitions.
Big medical business
Jeffrey revealed that the company is looking to expand its medical business and become another core business. He explained that the company's goal is to double the number of beds from the current 1,500 to 3,000 in the next four to five years.
"We currently have 50% of our affiliated companies with Ramsay Group, 3 hospitals in Malaysia and Indonesia, and 900 and 600 beds. Looking ahead, we will try in countries with large populations such as Southeast Asia. The market has acquired other hospitals. Of course, we will also expand internally, but we will focus on mergers and acquisitions to grow."
On the other hand, the company also intends to sell its non-core assets and business. Jeffrey said that although it is impossible to disclose more details, the sale of port business is expected to be a priority. He pointed out that the company's port business still has a profit, but due to the trade war, the throughput of its three ports also fell slightly.
Regarding the automobile sales outlook, he replied that local car sales are roughly in line with the growth rate of economic growth. As Malaysia's economy is expected to grow by 5%, domestic car sales will also achieve similar growth.
"Although the market share of Mercedez in the luxury car market has surpassed that of BMW, BMW will expect sales to be recovered as BMW will introduce more new models in the future, such as the 3 Series luxury sedan. Lost land."
Overall, the trade war has little impact on Sime Darby in the short term. Although China accounts for 38% of the company's total revenue last year, because the locally sold Caterpillar machinery and BMW cars are assembled locally, there is roughly no such thing. Subject to tariffs.
Preview the first quarter results better
A small shareholder attending the shareholders meeting told Dongfang Finance, the company's management revealed that the results of the first quarter of 2019 (as of September 30) announced next week are expected to improve further. If the trade war does not deteriorate, the overall performance of the 2019 financial year is expected to continue to deliver good performance.
In addition, Jeffrey also revealed that if China produces electric vehicles (EVs) under the 3rd domestic car program, the company may be allowed to participate in the production of batteries for electric vehicles.
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https://paultan.org/2016/02/19/why-are-proton-cars-so-cheap-in-the-export-markets/