Stock Name: SIME
Company Name: SIME DARBY BHD
Sime Darby; Buy; RM9.67
Price Target: RM11.25; SIME MK
FY12F-14F earnings raised by 4-6% after accounting for revised CPO prices and FX rates. 2QFY12 NPAT expected at RM1.0bn, down 6% QoQ on weaker plantation and motor contributions. Efforts to boost plantation productivity may yield more upside than expected. Reiterate Buy call for 19% return; some catalysts have not been priced in
Source: HwangDBS Research 14 Feb 2012
Company Name: SIME DARBY BHD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 11.25 |
Sime Darby; Buy; RM9.67
Price Target: RM11.25; SIME MK
FY12F-14F earnings raised by 4-6% after accounting for revised CPO prices and FX rates. 2QFY12 NPAT expected at RM1.0bn, down 6% QoQ on weaker plantation and motor contributions. Efforts to boost plantation productivity may yield more upside than expected. Reiterate Buy call for 19% return; some catalysts have not been priced in
Source: HwangDBS Research 14 Feb 2012
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