SIME DARBY BHD
KLSE (MYR): SIME (4197)
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Last Price
2.27
Today's Change
-0.02 (0.87%)
Day's Change
2.26 - 2.29
Trading Volume
15,093,400
Analysis
Technical Analysis
Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics.
Popular technical indicators such as moving averages, relative strength index, William R%, Money Flow Index, Percentage Price Oscillator, Moving Average Convergence-Divergence and Stochastic Oscillator are used to analyze the trend, momentum and strength of a stock.
Simple Moving Average
Name
Value
Variance
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
SMA10
4.444
-0.344 | -8%
Exponential Moving Average
Name
Value
Variance
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
EMA10
4.372
-0.272 | -6%
Relative Strength Index
Name
Value
RSI 9
6.604
RSI 9
6.604
RSI 9
6.604
Percentage Price Oscillator
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
William %R
Name
Value
%R-9
-88.496%
%R-9
-88.496%
%R-9
-88.496%
Moving Average Convergence-Divergence
Name
PPO
Signal
Variance
5,35,5
-12.07
-10.37
-1.70 | -16%
5,35,5
-12.07
-10.37
-1.70 | -16%
Money Flow Index
Name
Value
MFI-9
6.348
MFI-9
6.348
MFI-9
6.348
Stochastic Oscillator
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
%K (Fast)
6.348
Rate of Change
Name
Value
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
MFI-21
29.833
Discussions
1 person likes this. Showing 50 of 2,474 comments
@mabel, why the share price keeps on dropping even though it posted good results?
2024-08-28 15:24
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).
2024-08-28 15:38
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
2024-08-28 17:15
#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.
2024-08-28 21:34
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...
2024-08-28 21:45
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
2024-08-28 21:49
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.
2024-08-28 21:52
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.
2024-09-06 23:33
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
2024-09-10 10:14
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
2024-09-11 11:06
The uncertainty in the World Markets especially in the US is also bringing down the price.
2024-09-11 18:50
PETALING JAYA: An inheritance tax, believed to be a proposal for the 2025 budget, would be unfair to property owners, especially those who have invested in real estate for their future generations, says the National House Buyers Association.
HBA honorary secretary-general Chang Kim Loong said property formed the largest component of wealth or estate of most people, especially parents who wished to provide a better start for their children.
The $50b "inheritance loot" by Najib , no tax? if ordinary person, already jailed after 3 years no response to LHDN
Is situpid Madani government trying to kill property sector? Better lock in your property counters gain , before mkt turn negative on property sector
2 months ago
SIME disclosed that its unit Prime Rentals was deregistered on July 3 after a voluntary deregistration application was submitted to the Australian Securities & Investments Commission on April 30, a Wednesday Malaysian bourse filing disclosed.
The deregistration will not materially affect the company earnings or net assets for the financial year ending June 30, 2025, the Malaysian conglomerate said.
2 months ago
Full year 2024 earnings: EPS and revenues exceed analyst expectations
Full year 2024 results:
EPS: RM0.18 (down from RM0.19 in FY 2023).
Revenue: RM67.1b (up 39% from FY 2023).
Net income: RM1.26b (down 1.9% from FY 2023).
Profit margin: 1.9% (down from 2.7% in FY 2023). The decrease in margin was driven by higher expenses.
Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 134%.
Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Industrials industry in Asia.
Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
2 months ago
Sime Plantation and Property are doing well...
It has to be coming from Sime Group...
The only explanation is due to rationalization of fuel subsidy..
1 month ago
i think China operation is dragging it down as well. Let's wait for the QR and decide
1 month ago
KUALA LUMPUR (Nov 13): Total new vehicle sales in Malaysia, also known as total industry volume (TIV), dropped 8% in October to 69,859 units from 76,173 units sold in the same month last year, according to the Malaysian Automotive Association (MAA).
Of the new vehicle sales in October, passenger vehicles made up 64,322 units — down 6% from 68,721 units in October last year — while commercial vehicle sales fell 26%, to 5,537 units from 7,452 units.
Nevertheless, October’s TIV is up 20% from September’s 58,032 units, driven by year-end promotions and an extended working month.
This raised TIV for January to October to 664,002 units, up 2.4% over the same period's 648,130 units last year. This comprised 608,225 passenger vehicles (up 5% from 581,672
in January-October 2023), and 55,777 units of commercial vehicles (down 16% from 66,458 units previously).
For November, MAA is expecting new vehicle sales to be higher than October's level.
Vehicle production fell 4% y-o-y
Total new vehicle production in October fell by 4% to 71,196 units from 74,191 units last year, with passenger vehicles dropping 4%, while commercial vehicles fell 9%.
Nonetheless, new vehicle production in January-October this year climbed 4% to 664,246 units versus 640,633 units in the corresponding period last year.
In July, MAA raised its vehicle sales forecast for this year by 3.38% following strong sales in the first half of the year. TIV is expected to come in at 765,000 units for 2024 compared with the 740,000 units projected at the start of the year.
Based on the total vehicles sold so far this year of 664,002 units, at least another 100,998 units will have to be sold within the next two months to achieve MAA's target.
1 month ago
my holdings dropped 10% so far, no reason why this keeps dropping....should i hold long term?
1 month ago
Due to reduction in vehicles demand (more of normalisation comparing to previously such a huge demand for vehicles - clearly can see it with the long waiting time against now). Also, not sure how China's business will turn out as due to poor economy. I think is for u to think if this QR will be good or bad, then u can decide to hold longer term or cut loss
1 month ago
sime darby already close down a lot china branch will see how it improve later
china already launch stimulus package to market
1 month ago
Car sales in Malaysia could hit 800,000 units this year, says MAA
BY LUQMAN AMIN THEEDGEMALAYSIA.COM
KUALA LUMPUR (Nov 14): The Malaysian Automotive Association (MAA) said the country’s new car sales volume or total industry volume (TIV) could reach 800,000 units this year, driven by strong year-end promotions and robust demand for national cars.
1 month ago
The government has stated its goal to have EVs comprise 15% of the total industry volume (TIV) by 2030 and 80% by 2050, based on the low carbon mobility blueprint and the National Energy
Transition Roadmap (NETR).
TA Research said the new NCCP 2.0 will continue to benefit non-national brands and companies that already have in the pipeline. These include Sime Darby Bhd
3 weeks ago
good QR news already reflected in the price. no more meat & a lot of dead bulls on hilltop😅
3 weeks ago
EMO-II ... launch
https://www.youtube.com/watch?v=v_UHeDK7FNg
https://www.youtube.com/watch?v=1UgYg8GM238
2 weeks ago
Fantastic Result by Sime Darby Berhad. QoQ about 800% up and YoY 35% up. Syabas Samad !
2 weeks ago
KUALA LUMPUR: Industry leaders, policymakers, innovators and consumers must work together to establish Malaysia as a regional hub for electric vehicle (EV) production and innovation, says Datuk Seri Fadillah Yusof.
He added that the automotive sector remains a key driver of Malaysia’s economy, contributing 4% to the national gross domestic product annually and employing over 700,000 people.
“Total industry volume has increased from 200,000 units in 1994 to a record 799,731 units in 2023. This year, we are poised to surpass 800,000 units,” he said.
https://www.thestar.com.my/news/nation/2024/12/06/fadillah-lets-make-malaysia-the-regional-hub-for-evs?__sta=vhg.uosvpxQddhqnejsu0sv%7CIFFBYYQ&__stm_medium=email&__stm_source=smartech
2 weeks ago
New OMV excise tax doesn't not favor foreign CKD cars. Particularly Toyota and Honda
2 days ago
will the OMV excise tax come into effect? wouldnt affect perodua, our national car, as well?
1 day ago
Yes it will affect Perodua and Proton as well. But perodua is mainly on entry and affordable segment the affect maybe lesser compare to foreign CKD car
1 day ago
The perodua margin is much lesser. All these while CKD cars take advantage on assembly car locally and pay tax according to the manufacturing cost and not on the showroom price
1 day ago
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
iscmob
Strong EV adoption:
https://youtu.be/THnCRd99oeA
2024-08-28 09:46