October 18, 2010

SIME - Sime lifted to 'buy' at ECM

Stock Name: SIME
Company Name: SIME DARBY BHD
Research House: ECMLIBRA



Sime Darby Bhd, the world's biggest listed palm oil producer, was upgraded to "buy" at ECM Libra Capital Sdn Bhd which said the company's plantation unit will benefit from higher palm oil prices.

The share price estimate was raised to RM11.80 from RM7.75, analyst Bernard Ching said in a report today. - Bloomberg



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