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London market resilient

Longer-term dynamics: An artist’s impression of EWI’s London City Island located south of the Thames. EWI is one of the prominent Malaysian property investors in London. (5-0)

Capitaland 'outperform', Sime Darby 'add', Wah Seong 'neutral', Berjaya Sports Toto 'buy'

CapitaLand Malaysia Mall Trust (CMMT)’s share price has declined 30% year-to-date and is below the initial public offering (IPO) price of RM1.08 (in 2010). (5-0)

PNB funds reach RM279b, 98pc invested locally

2018-03-18 themalaymailonline
Tan Sri Abdul Wahid Omar said PNB is today Malaysia’s largest fund manager. — Picture by Zuraneeza ZulkifliKUALA LUMPUR, March 18 — Permodalan Nasional Bhd (PNB), established some 40 years ago, is today the country’s largest fund manager, managing funds worth RM279 billion, said its Group Chairman, Tan Sri Abdul Wahid Omar. (19-0)

Four decades on, PNB now Malaysia’s biggest fund manager

2018-03-17 themalaymailonline
PNB chairman Tan Sri Wahid Omar says the fund management firm has a war chest of RM279 billion. — Picture by Saw Siow FengKUALA LUMPUR, March 18 — Permodalan Nasional Bhd (PNB) has emerged as the country's biggest fund management firm with a war chest of RM279 billion, said Tan Sri Wahid Omar. (10-0)

Debt-laden Ruchi Soya attracts bids up to ₹10,000 cr for 51% stake

2018-03-15 thehindubusinessline
Debt-ridden Ruchi Soya Industries Ltd (RSIL), which is currently undergoing bankruptcy proceedings, has received a whopping 26 applications from Indian and foreign conglomerates to acquire a 51 per cent stake in the company. The bidders, according to sources, are quoting anywhere between ₹8,000 crore and ₹10,000 crore for the majority stake in India’s largest edible oil-maker. (5-0)

Mixed fortunes for billionaire owners as stocks struggle to hold gains

KUALA LUMPUR: Billionaire bankers and palm oil planters continue to see their wealth grow year-to-date, as the share price of their flagship companies outperformed the broader stock market rise, fuelled by strong earnings outlook. (29-0)

CIMB Research retains Reduce on Sime Darby


India's Sakuma Exports sets sights on Ruchi Soya purchase, Sime Darby too has shown interest

Malaysia's Sime Darby Plantation, the world's largest oil palm planter by land holdings, has also expressed interest in Ruchi Soya. (5-0)

Sime Darby reports RM320m net profit in H1

2018-02-23 themalaymailonline
A Sime Darby logo on display at the entrance to its plantation in Sepang outside Kuala Lumpur in this August 5, 2010 file photo. — Reuters pic KUALA LUMPUR, Feb 23 — Sime Darby Berhad registered an increase of 89 per cent in its net profit to RM320 million in the first half ended Dec 31, 2017 compared to a year ago. (5-0)

Sime Darby exlores opportunities to monetise Shandong logistic environment

2018-02-23 themalaymailonline
The logo of Sime Darby is seen at its headquarters in Kuala Lumpur February 7, 2018. — Reuters picKUALA LUMPUR, Feb 23 — Sime Darby Bhd is exploring opportunities to monetise its RM2.4 billion investment in the logistic business in Shandong, China. (5-0)

Trading ideas: Muhibbah Engineering, Gas Malaysia, Vivocom, SD Plantations

KUALA LUMPUR: JF Apex Research expects Muhibbah Engineering (M) Bhd , Gas Malaysia Bhd , Vivocom International Holdings Bhd , Sime Darby Plantations Bhd and Axiata Group Bhd to be among the stocks to watch on Friday. (9-0)

Affin Hwang maintains hold on Sime Darby


Sime Plantation to lower stake in unit

Top management: (from left) Sime Darby Plantation upstream chief operating officer Helmy Othman Basha, chief adviser and value officer Datuk Franki Anthony Dass, Mohd Bakke, chief financial officer Renaka Ramachandran and downstream chief operating officer Mohd Haris Mohd Arshad at the briefing on the group’s financial results. The group registered a 34.5 growth in net profit to RM429mil for the second quarter ended Dec 31, 2017 (5-0)

Sime Darby posts core profit of RM525m in H1

KUALA LUMPUR: Sime Darby Bhd posted a set of firm financial results in the first half ended Dec 31, 2017 with core profit before interest and tax (PBIT) of RM525mil, underpinned by the pick up in Australia's mining business. Also supporting the better results were the increased automotive and equipment sales in China. It reported PBIT of RM495mil and net profit of RM320mil. Its group chief executive officer  Jeffri Salim Davidson said on Thursday the operational results for the first half had been very encouraging. (5-0)

Sime Darby plantation Q2 profit up 34pc on higher earnings from Upstream Malaysia

2018-02-22 themalaymailonline
The earnings included a gain on the sale of land to Sime Darby Property of RM676 million and a one-off reversal of accruals of RM95 million in the first quarter ended Sept 30, 2017. — Reuters picKUALA LUMPUR, Feb 22 — Sime Darby Plantation Bhd’s net profit surged 34 per cent to RM477 million for the second quarter ended Dec 31, 2017 compared with RM341 million recorded in the corresponding quarter, amid higher earnings from Upstream Malaysia and reduced finance costs as a result of lower borrowings. (9-0)