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Analysts remained positive on Sime Darby Bhd's prospects as the group's first half of financial year 2025 (1H25) results were mostly within their expectations.
KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
PETALING JAYA: Sime Darby Bhd, which recorded a double-digit year-on-year growth in its core earnings for the first half of financial year 2025 (1H25), anticipates full-year core results to be "about the same level" as its financial year ended June 30, 2024 (FY24).
KUALA LUMPUR: Sime Darby Bhd group CEO Datuk Jeffri Salim Davidson noted an increasingly challenging market, with operations in China experiencing lower margins due to the intense competition.
The industrial-property sector is gearing up for a significant boom this year, propelled by surging demand from high-tech industries and data centres, analysts say.
Sime Darby Bhd is targeting a higher return on equity (ROE) of 11% within the next five years, up from 7.2% in the financial year ended June 30, 2024 (FY24), as it seeks to optimise working capital, streamline its portfolio and enhance cost efficiencies.
Sime Darby Bhd, which controls about 60% of distribution in the local automotive market through Sime Motors, is trading at a "cheap" valuation, say analysts.
Earnings surprise and accelerated electric vehicle (EV) as well as hybrid adoption are seen as re-rating catalysts for Sime Darby Bhd.
KUALA LUMPUR: Sime Darby Property Bhd has acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor, for RM232mil.
KUALA LUMPUR: Sime Darby Property Bhd (SDP) aims to achieve a more balanced sales contribution between its industrial and residential high-rise segments, said group managing director Datuk Seri Azmir Merican.
KUALA LUMPUR: Sime Darby Property Bhd has retained the AA+IS rating with a stable outlook for its RM4.5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) for the fourth consecutive year.
SHAH ALAM: Sime Darby Property Bhd’s second fully-owned mall, the Elmina Lakeside Mall (ELM), has achieved a 99% occupancy rate to date.
SHAH ALAM: Sime Darby Property Bhd’s second fully owned mall, the Elmina Lakeside Mall (ELM), has achieved a 99% occupancy rate to date.
Sime Darby Bhd’s industrial business, especially in Australia, will continue to be the star performer amid the intensifying competition faced by the group in the motor segment.
KUALA LUMPUR: Sime Darby Bhd experienced a strong start to its 2025 financial year, with contribution from its newly acquired Toyota and Perodua businesses.
Sime Darby Bhd has made a strong start to the financial year 2025 (FY25), driven by contributions from its newly-acquired Toyota and Perodua businesses.
KUALA LUMPUR: Sime Darby Bhd has unveiled a refreshed brand identity to reflect its “progressiveness” and focus on its core businesses of motors and industrial equipment.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Coprorate Malaysia.
KUALA LUMPUR: Sime Darby Bhd's industrial business continues to drive the group's performance, while UMW Holdings Bhd's contribution helped to boost the bottomline.
Sime Darby Bhd’s earnings in the financial years ahead will be helped by gains from the stronger ringgit and contributions from UMW Holdings, which is now a wholly-owned subsidiary of the group.
