Posted by icecool > 2019-08-27 20:42 | Report Abuse

will be rolling on the floor laughing all the way to the bank hahahaha

Posted by sowQ > 2019-08-29 15:26 | Report Abuse

very strong..moving upwards to 2.50 level

Posted by Money122 > 2019-08-30 16:49 | Report Abuse

Now sime earnings had improved

Posted by hiduphidup > 2019-09-04 14:24 | Report Abuse

good dividend?

Posted by Money122 > 2019-09-07 09:21 | Report Abuse

Gonna fly soon..

Posted by Ammar Roshidy > 2019-09-10 13:59 | Report Abuse

looks like some form of flying is taking place.

Posted by James Ng > 2019-09-12 19:16 | Report Abuse

https://klse.i3investor.com/blogs/general/224688.jsp
[转贴] [Facebook live video:浅谈Sime darby bhd (Sime)] - James的股票投资James Share Investing

Posted by Money122 > 2019-11-27 09:11 | Report Abuse

Good QR!!

Posted by freddiehero > 2019-11-27 09:18 | Report Abuse

wah lau.. so early wan fly liao?

Posted by ABSBOSS > 2019-11-27 12:39 | Report Abuse

HLIB TP 2.70... Huhuhuhu

Posted by ABSBOSS > 2019-11-27 18:18 | Report Abuse

Got profit also not moving... Aiya... Many many collect at 2.30

Posted by ABSBOSS > 2019-11-29 15:16 | Report Abuse

Dunt have faith in klse anymore... Will comeback after BN in power again... Stupid klse.. Hancing...

Posted by Money122 > 2019-12-07 00:29 | Report Abuse

Will move up higher n higher..

Posted by Victor Yong > 2020-01-01 08:05 | Report Abuse

Sime Darby - Industrial Segment Outperforms
Author: HLInvest | Publish date: Tue, 3 Dec 2019, 5:16 PM

Sime Darby’s 1Q20 core PATMI of RM307m (-13.5% QoQ, +55.8% YoY), was above HLIB (31.3%) and consensus (31.6%), driven mainly by strong industrial equipment demand from Australia’s mining sector and China’s infrastructure sector. The industrial segment is expected to remain on a growth trajectory, supported by Australia, China and potentially Malaysia. Increased FY20-21 earnings by 24.8% and 18.6% and introduce FY22 earning at RM1.2bn. Upgrade to BUY (from Hold) with higher TP: RM2.70 (from RM2.35), based on 10% discount to SOP: RM3.00, with attractive dividend of 12 sen (5.2% yield).

Above expectations. Core PATMI of RM307m for 1QFY20 (-13.5% QoQ, +55.8% YoY), achieved 31.3% of HLIB’s FY20 forecast and 31.6% of consensus, driven mainly by the continuous strong revenue and earnings growth of Industrial segment especially from Australia’s mining sector as well as China infrastructure spending by the government. We expect sustainable earnings in coming quarters.

Dividend. None. Usually Divvy in 2Q and 4Q.

QoQ. Core PATMI declined by 13.5% to RM307m, mainly due to the yearly dividend investment income from BMW Malaysia accrued in previous 4QFY19, amounting to RM135m. Excluding the dividend, core PATMI would have improved by 39.5% QoQ, driven by Industrial segment.

YoY. Core PATMI improved by 55.8%, driven by both Industrial segment (higher sales and margins in Australia and China) and Motor segment (higher sales volume in China with improved margins following from lower discounting program).

Industrial. Despite the drop in coal prices, management continued to guide for strong demand for industrial equipment in Australia mining sector as the mining operators are still making good profit at current level. Likewise, the demand for construction equipment is expected to remain sustainable in China from government stimulus through infrastructure spending to support its economy. In Malaysia, the anticipated upcoming mega projects would boost the demand for heavy equipment. Order book for industrial segment rose QoQ to RM2.5bn (from 2.4bn) as at end 1QFY20, driven mainly by Australia and China market. The completion of Gough group acquisition (Caterpillar dealership in New Zealand) in Sep 2019 would also provide a new earnings base to the group.

Motor. Despite the on-going trade war concerns and cautious consumer sentiment, China market has outperformed expectations with higher sales and margins. Management is guiding for sustainable earnings in China given the emergence of its middle class segment. While Malaysia market remained muted, Inokom has started its BMW export program into Philippines in Nov 2019, and subsequently to Vietnam.

Forecast. Increased earnings for FY20 by 24.8% and FY21 by 18.6%. Introduce FY22 core profit at RM1.2bn.

Upgrade BUY, TP: RM2.70. Following the positive earnings surprise and higher earnings forecast, we upgrade our recommendation to BUY (from Hold) with higher TP of RM2.70 (from RM2.35), based on 10% discount to SOP of RM3.00. Sime Darby is expected to continue leveraging on its industrial segment especially on Australia mining and China infrastructure sector, while potentially benefitting from upcoming mega projects in Malaysia. Sime Darby is also seen as a proxy to the potential trade agreement between US and China. We have projected dividend of 12 sen for FY20- 22, translating into attractive dividend yield of 5.2%.


Source: Hong Leong Investment Bank Research - 3 Dec 2019

Posted by Victor Yong > 2020-01-01 08:06 | Report Abuse

Trump says US-China trade deal will be signed on Jan 15
ECONOMY
Wednesday, 01 Jan 2020

7:21 AM MYT
By WASHINGTON: U.S. President Donald Trump Said On Tuesday That Phase 1 Of Trade Deal With China Would Be Signed On Jan. 15 At The White House and Though Considerable Confusion Remains About The Details Of The Agreement.

Posted by Victor Yong > 2020-01-01 08:06 | Report Abuse

EMPLOYEES PROVIDENT FUND BOARD 18-Dec-2019 Acquired 550,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Dec-2019 Acquired 1,200,000 0.000

Posted by Victor Yong > 2020-01-01 08:07 | Report Abuse

Price Target
Date Open Price Target Price Upside/Downside Price Call Source
03/12/2019 2.30 2.70 +0.40 (17.39%) BUY HLG

Posted by Good123 > 2020-01-01 23:03 | Report Abuse

sime boleh jual its 30% stake in Tesco Malaysia , tesco UK mau jual dan sedang cari buyer

Posted by Good123 > 2020-01-01 23:04 | Report Abuse

sime darby akan naik sebab perang dagang USA China dah makin lemah , perjanjian pada jan 15 ini

Posted by KAQ4468 > 2020-01-01 23:08 | Report Abuse

bukan Tesco UK mau jual dan sedang cari buyer ..

but buyer came in showing interest to take over Tesco Thailand & Malaysia

10B GBP = RM 54B

u know who is that buyer ? from where ?

Posted by Victor Yong > 2020-01-01 23:13 | Report Abuse

AFTER two decades in Malaysia, Tesco Stores (M) Sdn Bhd may call it a day as the loss-making retailer, with RM3.89 billion of debt, has someone knocking on its door.

The offer comes at a time when the retail outlook for the supermarket and hypermarket segment remains gloomy. Consider this, Malaysia has four foreign hypermarket players — Tesco, Hong Kong’s Giant, Japan’s AEON BiG and Middle East-based Lulu — all of which are loss-making (see table).

Note that these foreign retailers are governed by a different set of rules from the local players.

Data from Retail Group Malaysia (RGM), tabulated on behalf of the Malaysia Retailers Association, speaks volumes about the outlook for the supermarket and hypermarket segment. Retailers interviewed by RGM expect retail sales to contract by 9% in the current quarter ending Dec 31. This segment has been contracting for 10 straight quarters since the third quarter of 2017.

Naturally, it came as a surprise to the industry that there is someone who is keen on buying the business. Even Tesco’s Malaysian employees were taken aback by the announcement of a possible sale of the business, given that the retailer had put into motion a three-year transformation plan beginning in 2016, including the introduction of its new-generation store concept aimed at strengthening its business.

Could it be that the new investor is interested in the retail business or is it interested in the assets Tesco holds?

On Dec 8, The UK parent Tesco Plc announced that “following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses.” It added that the evaluation of the strategic options is at an early stage, and that no decision concerning the future of Tesco Thailand and Tesco Malaysia had been made.

Malaysia and Thailand are the only countries in Asia where Tesco has stores. It has 1,951 stores in Thailand and 60 hypermarkets and nine convenience stores in Malaysia.

Etiqa Insurance and Takaful Bhd chief strategy officer Chris Eng tells The Edge, “Following the trend that was first observed in Europe, which has since followed in the more developed Asian markets of Hong Kong and Singapore, there has been a shift in consumer sentiment away from bulk purchases in hypermarkets towards smaller grocery shops.

“This has seen a rise of grocers such as Village Grocer and Jaya Grocer, even as hypermarkets have closed down. The exit of global chains in Asean has been driven by this. It will be difficult to find a buyer (for Tesco) as AEON [Co Ltd], which absorbed Carrefour some years ago, is still struggling to find a strong foundation. As a last resort, will Tesco be offered at a discount to its 30% partner Sime Darby Bhd?” he says.

AEON BiG (M) Sdn Bhd — which is 95.49% owned by Aeon Co and 4.51% by AEON South East Asia Sdn Bhd — purchased French retailer Carrefour’s ailing Malaysian operation, comprising 26 stores, in 2012 for an enterprise value (value of debt in the business minus cash in the business) of €250 million, but has yet to turn the business around (see table). According to AEON BiG’s website, it currently has 22 stores.

Dairy Farm International Ltd — which operates the Giant supermarket and hypermarket brand as well as supermarkets under the Cold Storage, Mercato and Jason’s Food Hall names — has been closing stores rapidly. From a peak of 147 stores in 2014, today the retailer appears to have only about 80 stores.

Incidentally, calls made to industry players reveal that market talk of Aeon Co being a potential suitor for Tesco has resurfaced. It was reported in 2015 that AEON Co was interested in purchasing Tesco’s stores to expand the AEON BiG chain.

Various reports value the Thai and Malaysian businesses at £6.5 billion to £9.5 billion. A Bloomberg report, quoting Ahmad Maghfur Usman, an analyst with Nomura Global Markets Research, says Tesco Malaysia’s enterprise value is US$2 billion. It is also worth noting that the Malaysian business generates just a fifth of the revenue of Thailand.

Asked to comment, one industry observer quips, “Who has that kind of money? The Chinese perhaps.” Indeed, the market is speculating that to buy a business this big, one would need deep pockets and the Chinese may be a possibility. Other potential interested investors are believed to be from Thailand and private equity funds. Names of Thai investors floating around the market include Central Group and Singha Corp.

Tesco Plc’s entry into Malaysia was in 2000 with Sime Darby Bhd as its 30% local partner.

Posted by DickyMe > 2020-01-01 23:20 | Report Abuse

What else is new?
Even if Diego Maradona comes to coach Malaysia football team he wil be failure. Even if Bill Gates were to coach Malaysians, he will be a failure. In summary Malaysia will make the world best as fools. Global businesses too cannot survive. Strange but true.

Posted by DickyMe > 2020-01-01 23:27 | Report Abuse

Everyone knows who manages these retail giants in Malaysia. I am not surprised that they fail to shine here.

Posted by Victor Yong > 2020-01-02 07:30 | Report Abuse

?

31/12/2019 2.22
30/12/2019 2.29
27/12/2019 2.31
26/12/2019 2.28
24/12/2019 2.30
23/12/2019 2.29
20/12/2019 2.30
19/12/2019 2.29
18/12/2019 2.30
17/12/2019 2.28
16/12/2019 2.30
13/12/2019 2.30
12/12/2019 2.33
11/12/2019 2.30
10/12/2019 2.34
09/12/2019 2.38
06/12/2019 2.37
05/12/2019 2.34

Posted by Victor Yong > 2020-01-02 08:16 | Report Abuse

Jan 2): Traders eyed a cautious start on Thursday in Asia as they assessed the latest policy move by China’s central bank and awaited data on the country’s manufacturing sector. Australia’s dollar and the yen edged lower.

Activity is set to pick up as most global markets reopen from holiday closures on Jan. 1, though Japanese equities remain shut for the remainder of this week. The People’s Bank of China on Wednesday said it will increase the supply of cheap funding to banks, a move of policy support in line with market expectations.

Markets start this year on the back of a strong performance for global stocks and sovereign bonds in 2019. Thursday gives investors the latest read on Chinese manufacturing with the Caixin manufacturing PMI expected to hover around its November level — remaining well in the expansionary zone.

“One of the biggest risks today may be that stocks have already priced in much of the good news,” said Bob Doll, senior portfolio manager at Nuveen Asset Management. “Stock prices can still climb higher, but we don’t expect results anywhere near 2019.”

Meantime, investors are keeping an eye on North Korea. Kim Jong Un said he was no longer bound by his pledge to halt major missile tests and would soon debut a “new strategic weapon.”

Here are some events to watch for this week:

China’s Caixin manufacturing PMI comes Thursday. The December figure is expected to come in at 51.6, according to a survey of economists, following a reading of 51.8 the prior month.
Federal Open Market Committee minutes will be released on Friday.
U.S. ISM manufacturing is due Friday. The Institute for Supply Management’s PMI is forecast to show a contraction for a fifth straight month.

These are some of the most recent moves in major markets:
Stocks

The S&P 500 Index rose 0.3% on Dec. 31, when the Stoxx Europe 600 Index decreased 0.1%.
Hong Kong’s Hang Seng Index fell 0.5% on Dec. 31.

Currencies

The yen slid 0.1% to 108.72 per dollar.
The Australian dollar dipped 0.1% to 70.14 U.S. cents.
The euro traded at $1.1214.

Bonds

The yield on 10-year Treasuries was at 1.92% in most recent trading.

Commodities

West Texas Intermediate crude fell 1% to $61.06 a barrel on Dec. 31.
Gold was at $1,517.29 an ounce.

Posted by Victor Yong > 2020-01-02 08:17 | Report Abuse

Subject Type Amount Ex Date
Special Dividend DIVIDEND 0.01 30/09/2019
Second interim dividend DIVIDEND 0.07 30/09/2019
First Interim Dividend DIVIDEND 0.02 22/04/2019
Special Dividend DIVIDEND 0.02 27/09/2018
Second interim dividend DIVIDEND 0.04 27/09/2018
Interim Dividend DIVIDEND 0.02 17/04/2018
Others OTHER_OTHER 1 : 1 27/11/2017
Final Dividend DIVIDEND 0.17 04/12/2017
Interim Dividend DIVIDEND 0.06 19/04/2017

Posted by Victor Yong > 2020-01-02 10:21 | Report Abuse

wow, so liquid, actively traded by institutional funds :)


EMPLOYEES PROVIDENT FUND BOARD 18-Dec-2019 Acquired 550,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Dec-2019 Acquired 1,200,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 16-Dec-2019 Acquired 1,522 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 16-Dec-2019 Disposed 1,522 0.000 View Detail
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 16-Dec-2019 Disposed 100,000,000 0.000 View Detail
PERMODALAN NASIONAL BERHAD 16-Dec-2019 Acquired 100,000,000 0.000 View Detail
YAYASAN PELABURAN BUMIPUTRA 16-Dec-2019 Acquired 100,000,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 13-Dec-2019 Acquired 821,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 12-Dec-2019 Acquired 546,700 0.000 View Detail
AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA 11-Dec-2019 Disposed 75,000,000 0.000 View Detail
PERMODALAN NASIONAL BERHAD 11-Dec-2019 Notice of Interest 75,000,000 0.000 View Detail
YAYASAN PELABURAN BUMIPUTRA 11-Dec-2019 Notice of Interest 75,000,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 11-Dec-2019 Acquired 225,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 10-Dec-2019 Acquired 602,400 0.000

Posted by Victor Yong > 2020-01-02 10:27 | Report Abuse

will rebound anytime from now :)

History -direct biz transactions in Dec 2019

Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
16/12/2019 00:00:00 2.3200 0.0200 100.000m 100.000m 232.000m 232.000m 2.3200 1.4703 -
13/12/2019 00:00:00 2.3300 - 209,200 209,200 487,436 487,436 2.3300 0.0031 -
11/12/2019 00:00:00 2.3400 - 95,700 75.096m 223,938 176.474m 2.3500 0.0014 -
11/12/2019 00:00:00 2.3500 0.0100 75.000m 75.096m 176.250m 176.474m 2.3500 1.1027 -
05/12/2019 00:00:00 2.3400 0.0400 80.000m 80.000m 187.200m 187.200m 2.3400 1.1762 -
04/12/2019 00:00:00 2.2900 0.0100 25.000m 25.000m 57.250m 57.250m 2.2900 0.3676 -
29/11/2019 00:00:00 2.3000 - 25.000m 25.000m 57.500m 57.500m 2.3000 0.3676 -

Posted by Victor Yong > 2020-01-02 10:29 | Report Abuse

epf's stake in sime, 9.5%+ and continued adding :)

4197 SIME SIME DARBY BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : EMPLOYEES PROVIDENT FUND BOARD
NRIC/Passport No./Company No. : EPF Act 1991
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur WilayahPersekutuan Malaysia

Descriptions (Class and Nominal Value):
Ordinary shares


Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com


Details of Changes

Date of Notice : 19/12/2019

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 18/12/2019 Acquired 550,000 -


Circumstances by reason of which change has occurred:
Citigroup Nominees (Tempatan) Sdn BhdEmployees Provident Fund Board(Acquisition of 550,000 shares on 18 December 2019)

Nature of Interest:
Direct Interest

Consideration:



No of Shares Held After Changes:
Direct : 517,478,690 shares (7.6080%)
Indirect/Deemed Interest : 130,386,985 shares (1.9170%)
Total : 647,865,675 shares

Remarks:
You are advised to read the entire contents of the announcement orattachment. To read the entire contents of the announcement or attachment,please access the Bursa website at http://www.bursamalaysia.com


Submitted By:



23/12/2019 07:00 AM


Ref Code: 201912233600038

Posted by Victor Yong > 2020-01-02 10:30 | Report Abuse

PNB's stake in sime, 6.5%+ but still not enough, continued adding also :)

4197 SIME SIME DARBY BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : PERMODALAN NASIONAL BERHAD
NRIC/Passport No./Company No. : 038218X
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur WilayahPersekutuan Malaysia

Descriptions (Class and Nominal Value):
Ordinary shares


Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com


Details of Changes

Date of Notice : 16/12/2019

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 16/12/2019 Acquired 100,000,000 -


Circumstances by reason of which change has occurred:
Permodalan Nasional Berhad (Acquisition of 100,000,000 shares on 16December 2019)

Nature of Interest:
Direct Interest

Consideration:



No of Shares Held After Changes:
Direct : 443,451,674 shares (6.5200%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 443,451,674 shares

Remarks:
The notice of change in substantial shareholding was received fromPermodalan Nasional Berhad on 18 December 2019.You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



18/12/2019 07:00 AM


Ref Code: 201912183600046

Posted by Victor Yong > 2020-01-02 10:33 | Report Abuse

yayasan pelaburan bumi, same case, more than 6.5% but still adding more and more :)

4197 SIME SIME DARBY BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : YAYASAN PELABURAN BUMIPUTRA
NRIC/Passport No./Company No. : 37113-P
Nationality/Country of Incorporation : Malaysia

Address:
c/o Permodalan Nasional Berhad Tingkat 4, Balai PNB 201-A, Jalan Tun Razak50400 Kuala Lumpur Wilayah Persekutuan Malaysia

Descriptions (Class and Nominal Value):
Ordinary shares


Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com


Details of Changes

Date of Notice : 16/12/2019

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 16/12/2019 Acquired 100,000,000 -


Circumstances by reason of which change has occurred:
Permodalan Nasional Berhad(Acquisition of 100,000,000 shares on 16 December2019)Yayasan Pelaburan Bumiputra is deemed to have indirect interest in SimeDarby Berhad through its shareholding of 100% less one share in PermodalanNasional Berhad which in turn is a substantial shareholder of Sime DarbyBerhad.

Nature of Interest:
Indirect Interest

Consideration:



No of Shares Held After Changes:
Direct : 0 shares (0.0000%)
Indirect/Deemed Interest : 443,451,674 shares (6.5200%)
Total : 443,451,674 shares

Remarks:
The notice of change in substantial shareholding was received from YayasanPelaburan Bumiputra on 18 December 2019.You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



18/12/2019 07:00 AM


Ref Code: 201912183600047

Posted by Victor Yong > 2020-01-02 10:35 | Report Abuse

yesterday, banyak retailer yang jual beli ikut graf menurunkan harganya semalam, hari ini rebound balik :)


Sime Darby has been consolidating range-bound during recent sessions. With a neutral RSI, there is a possibilibity it will break the immediate resistance of RM2.32, with a target price of RM2.39 followed by RM2.46. On the downside, support price is anticipated at RM2.25 whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM2.32
Target: RM2.39, RM2.46 (time frame: 3-6 weeks)
Exit: RM2.25

Source: AmInvest Research - 23 Dec 2019

Posted by Victor Yong > 2020-01-02 10:36 | Report Abuse

hari ini above 2.25, retailer ikut graf, chase balik above 2.3, tunggu dan lihat :)

Posted by Victor Yong > 2020-01-02 10:38 | Report Abuse

kira murah kini, off market transaksi pada harga RM2.32 untuk 100juta syer on 16 dec 2019, baru2 ini.

around 2.25 , good buy kini


History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
16/12/2019 00:00:00 2.3200 0.0200 100.000m 100.000m 232.000m 232.000m 2.3200 1.4703 -

Posted by Victor Yong > 2020-01-02 11:42 | Report Abuse

KUALA LUMPUR (Jan 2): Sime Darby Industrial Sdn Bhd's subsidiary Sime Darby Material Handling Sdn Bhd (SDMH) has entered an agreement with Hyster-Yale Group Inc as the exclusive Hyster dealer in Malaysia and Brunei.

In a statement today, Sime Darby Industrial managing director CK Teoh said the new dealership would expand Sime Darby Industrial's product offerings in the materials handling market.

Teoh added that there is great potential for growth in the materials handling space beyond diesel lift trucks.

"With Hyster's broad range of product offering, we will be able to grow the business further to better serve our customers with an expanded range of products," Teoh added.

SDMH will also place greater emphasis on penetrating the market and garner new customers through the other materials handling services provided by Hyster.

"The vast experience SDMH has in lift trucks and industrial products sets a strong foundation for a successful long-term relationship," said Hyster-Yale Group Asia-Pacific managing director Tony Fagg.

Fagg noted that SDMH will deliver a comprehensive, structured and responsive sales approach to support retail, fleet and global account customers, and SDMH's expansive industrial service organisation extends the quality and service standards that Hyster customers expect from a trusted global brand in the materials handling market.

According to the statement, in conjunction with the new dealership, SMDH has terminated with effect from end-December 2019 its dealership agreement with Mitsubishi Logisnext Asia Pacific Ltd, which distributes the CAT Lift Truck brand in the region.

Teoh assured that SDMH remains committed to serving its existing CAT Lift Truck customers and fleet as per existing contracts.

Hyster-Yale Group is prominent in the materials handling industry with manufacturing facilities, service and product development centres on five continents around the world, specialising in all aspects of materials handling, including storage management, telematics, and process consulting, among others.

Gough Group Ltd, which was recently acquired by Sime Darby Industrial, is also a Hyster dealer in New Zealand.

Posted by Cikdin64 > 2020-01-03 16:52 | Report Abuse

why share still falling?

Posted by James Ng > 2020-01-09 21:28 | Report Abuse

https://klse.i3investor.com/blogs/general/2020-01-09-story-h1482096322.jsp
[转贴] [Facebook live video:浅谈Sime Darby bhd (Sime)] - James的股票投资James Share Investing

Posted by Shinnzaii > 2020-02-17 17:18 | Report Abuse

cross trade very dangerous one when not happen only one time...hehe...waiting for how much EPF would declare for 2019 dividend...hehe

Posted by plasticdude89 > 2020-03-03 14:26 | Report Abuse

https://www.theedgemarkets.com/article/sime-darby-bhd-holders-windfall-if-tesco-malaysia-stake-sold

Posted by darren7132 > 2020-03-08 12:10 | Report Abuse

so quiet here ?

Posted by WhereToInvest > 2020-03-09 21:15 | Report Abuse

Was wondering whether will have special dividend or not due to the selling of tesco

Posted by Benny1123 > 2020-03-12 22:47 | Report Abuse

Drop today... No eye see.

Posted by investory321 > 2020-03-13 18:15 | Report Abuse

how much special dividend can get?

Posted by mf > 2020-03-18 01:01 | Report Abuse

Sime Darby chairman tests positive for Covid-19
NATION
Tuesday, 17 Mar 20208:12 PM MYT

Posted by ehteoh13 > 2020-03-19 19:06 | Report Abuse

since epf come to absorb lost, cannot imagine if they not enough money to keep support. Should i cut lost ?

Posted by ehteoh13 > 2020-03-19 22:44 | Report Abuse

foreign investor start to sell, better lari before too late

Posted by Keyman188 > 2020-03-20 21:51 | Report Abuse

Haa...haa...cheating yourself then ok lahhh.... 

Wrong calculation..... 

Bottom not 1217.....but you can pursue yourself then no problem.... 

But not pursue others lahhh....

Posted by ehteoh13 > 2020-03-23 23:57 | Report Abuse

better cut lost which do not have strong fundamental adn is support by local institute, how much EPF have

Posted by Registered_ID > 2020-03-31 13:09 | Report Abuse

AMANAHRAYA TRUSTEES BERHAD and EPF is acquiring since middle March. Something cooking up?

Posted by Registered_ID > 2020-04-06 15:43 | Report Abuse

Expected share price up since last week when epf accumulate.
Now, epf is accumulating UMW