CGS-CIMB Research keeps Add for Sime Darby Property but lower TP


Sime Darby Property HQ in Ara Damansara

KUALA LUMPUR: CGS-CIMB Equities Research is retaining its Add recommendation for Sime Darby Property due to its solid balance sheet and stronger sales momentum but lowered the target price.

It said on Thursday it had reduced its FY20-21F EPS by 5%-13% to reflect the changes in project revenue recognition and JV contribution.

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