Stock Name: SIME
Company Name: SIME DARBY BHD
Company Name: SIME DARBY BHD
| Research House: ECMLIBRA | Price Call: HOLD | Target Price: 9.82 |
Sime Darby (SIME MK, Hold, TP: RM9.82) announced that its indirect wholly-owned subsidiary, Sime Engineering Sdn Bhd, intends to provide about RM30m to the Malaysia-China Hydro Joint Venture (MCH JV) for the Bakun Hydroelectric project in Sarawak. In a filing with Bursa Malaysia it said Sime Engineering, which has an effective interest of 35.7% in the MCH JV, intends to fund about RM30m progressively based on a projected monthly requirement. (Financial Daily)
Source: ECM Newz Bits 08 March 2012
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