PETALING JAYA: Sime Darby Bhd
is expected to leverage on its industrial segment in the financial year ending June 30, 2023 (FY23), underpinned by its high RM4.2bil order book, according to Hong Leong Investment Bank (HLIB) Research.
The research firm said about 71.6% of the order book is in Australia, mainly in the mining sector, due to the continued highly profitable coal prices, while margins are expected to sustain as Sime Darby management has seen pick-up in the demand for maintenance and overhaul services.
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