Stock Name: SIME
Company Name: SIME DARBY BHD
Sime Darby Bhd (SIME MK, Hold, TP: RM9.82) plans to spend RM2bn in the next 10 years to upgrade its workers' housing at its oil palm estates to that of mini-townships. This is an initiative based on a better community living model comprising residences, offices, public amenities and recreational facilities clustered in one location. By enhancing living standards of its employees at the estates, the group hopes to attract and retain more local talent at its estates. Currently, Sime Darby employs 37,000 workers at its plantations in Malaysia, of whom only 40% are locals. (Business Times)
Company Name: SIME DARBY BHD
| Research House: ECMLIBRA | Price Call: HOLD | Target Price: 9.82 |
Sime Darby Bhd (SIME MK, Hold, TP: RM9.82) plans to spend RM2bn in the next 10 years to upgrade its workers' housing at its oil palm estates to that of mini-townships. This is an initiative based on a better community living model comprising residences, offices, public amenities and recreational facilities clustered in one location. By enhancing living standards of its employees at the estates, the group hopes to attract and retain more local talent at its estates. Currently, Sime Darby employs 37,000 workers at its plantations in Malaysia, of whom only 40% are locals. (Business Times)
Source: ECM Newz Bits 17 April 2012
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