Sime Darby Property managed to sell 90% of its Elmina Valley Five when it launched.
KUALA LUMPUR: CGS-CIMB Equities Research retained its Add call for Sime Darby Property
(SD Property) given the solid balance sheet and stronger sales momentum. Target price was maintained at RM1.32.
It said on Thursday SD Property’s 9MFY19 core net profit (excluding RM209m disposal gain of Darby Park Singapore, RM108m land disposal gain and RM128m impairment/provision) came in above its expectations at 102% of its full-year estimate, but below Bloomberg consensus numbers at 60%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
