Stock Name: SIME
Company Name: SIME DARBY BHD
Price above our expectations; small earnings impact. Sime has completed the acquisition of former Bucyrus' distribution assets (in Australasia) and rights under Sime's dealership territories for USD360m (or RM1.1bn). While earnings impact is neutral in the short term, the inclusion of Bucyrus product offerings is positive on the longer term. Maintain Hold but raised our TP to RM8.50 (from RM8.36; based on unchanged 16x FY13 PER) on revised earnings.
Maybank research (15 December 2011)
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Company Name: SIME DARBY BHD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 8.50 |
Price above our expectations; small earnings impact. Sime has completed the acquisition of former Bucyrus' distribution assets (in Australasia) and rights under Sime's dealership territories for USD360m (or RM1.1bn). While earnings impact is neutral in the short term, the inclusion of Bucyrus product offerings is positive on the longer term. Maintain Hold but raised our TP to RM8.50 (from RM8.36; based on unchanged 16x FY13 PER) on revised earnings.
Maybank research (15 December 2011)
Click here for full report
Brilliant desings, I personaly like the one with the slide on the side.
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