Stock Name: SIME
Company Name: SIME DARBY BHD
Research House: CIMB
Company Name: SIME DARBY BHD
Research House: CIMB
Sime Darby Bhd, the world’s biggest oil palm planter, is CIMB Investment Bank Bhd’s top pick among Malaysian plantation stocks because of improving earnings prospects and efforts to boost shareholder value.
Sime is rated “trading buy” with a share price estimate of RM8.84, analyst Ivy Ng Lee Fang wrote in a report in Kuala Lumpur today.
The stock gained 3.6 per cent to RM9.16 at 10:37 a.m. local time, set for their biggest gain since Jan. 4.
TSH Resources Bhd added 1.1 per cent to RM2.78 and PLS Plantations Bhd rose 5.4 per cent to RM1.36. -- Bloomberg
Sime is rated “trading buy” with a share price estimate of RM8.84, analyst Ivy Ng Lee Fang wrote in a report in Kuala Lumpur today.
The stock gained 3.6 per cent to RM9.16 at 10:37 a.m. local time, set for their biggest gain since Jan. 4.
TSH Resources Bhd added 1.1 per cent to RM2.78 and PLS Plantations Bhd rose 5.4 per cent to RM1.36. -- Bloomberg
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