May 30, 2011

SIME - Sime Darby raised to 'hold' at UOB-Kay Hian

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

Sime Darby Bhd was raised to “hold” from “sell” at UOB Kay Hian Holdings Ltd after the world’s biggest listed palm oil producer reported better-than-expected earnings for the third quarter ended March 31.

The share price estimate for the Malaysian company was increased to RM9.40 from RM8, Vincent Khoo, a Kuala Lumpur-based analyst at UOB-Kay Hian, wrote in a report today. -- Bloomberg

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