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NewsMaybank Research maintains Hold on Sime, TP of RM10.80
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Maybank Research maintains Hold on Sime, TP of RM10.80
by hlk Fri 15 Jun 2012, 10:03
KUALA LUMPUR: Maybank Investment Bank Research is maintaining its Hold recommendation on Sime Darby with an unchanged target price of RM10.80 based on 16 times calendar year 2012 price-to-earnings ratio (PER).
It said on Friday Sime's
latest move to expand its Weifang Port capacity is not a surprise, 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 two to three years,
successful execution of its growth plans will boost investor confidence
in management's delivery capabilities,” it said.
It said on Friday Sime's
latest move to expand its Weifang Port capacity is not a surprise, 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 two to three years,
successful execution of its growth plans will boost investor confidence
in management's delivery capabilities,” it said.
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