Sime Darby's Industrial Division Could Be Bright Spot -- Market Talk

Dow Jones

Feb 25, 2025

0211 GMT - The outlook for Sime Darby's industrial division could remain a bright spot in 2H FY 2025, despite near-term pressure from price cuts for equipment parts and China's prolonged downturn, RHB IB analyst Syahril Hanafiah says in a note. The industrial segment's order book expanded 23% on quarter as of end-2024, driven by strong commodity demand, he notes. The automotive segment may face cyclical volume normalization, but associate UMW's contributions, especially from Perodua and Toyota, should help offset the decline, he reckons. The analyst cuts FY 2025-FY 2027 earnings forecasts on Sime Darby by 6%, 4% and 4%, respectively. RHB cuts Sime Darby's target price to MYR3.05 from MYR3.15 but keeps a buy rating. Shares are 2.2% lower at MYR2.23. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

February 24, 2025 21:11 ET (02:11 GMT)

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The industrial segment's order book expanded 23% on quarter as of end-2024, driven by strong commodity demand, he notes. The automotive segment may face cyclical volume normalization, but associate UMW's contributions, especially from Perodua and Toyota, should help offset the decline, he reckons. The analyst cuts FY 2025-FY 2027 earnings forecasts on Sime Darby by 6%, 4% and 4%, respectively. RHB cuts Sime Darby's target price to MYR3.05 from MYR3.15 but keeps a buy rating. Shares are 2.2% lower at MYR2.23. 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The industrial segment's order book expanded 23% on quarter as of end-2024, driven by strong commodity demand, he notes. The automotive segment may face cyclical volume normalization, but associate UMW's contributions, especially from Perodua and Toyota, should help offset the decline, he reckons. The analyst cuts FY 2025-FY 2027 earnings forecasts on Sime Darby by 6%, 4% and 4%, respectively. RHB cuts Sime Darby's target price to MYR3.05 from MYR3.15 but keeps a buy rating. Shares are 2.2% lower at MYR2.23. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 21:11 ET (02:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TM","symbol_name":"丰田汽车","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514066082","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514066082","pubTimestamp":1740449460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0211 GMT - The outlook for Sime Darby's industrial division could remain a bright spot in 2H FY 2025, despite near-term pressure from price cuts for equipment parts and China's prolonged downturn, RHB IB analyst Syahril Hanafiah says in a note. The industrial segment's order book expanded 23% on quarter as of end-2024, driven by strong commodity demand, he notes. The automotive segment may face cyclical volume normalization, but associate UMW's contributions, especially from Perodua and Toyota, should help offset the decline, he reckons. The analyst cuts FY 2025-FY 2027 earnings forecasts on Sime Darby by 6%, 4% and 4%, respectively. RHB cuts Sime Darby's target price to MYR3.05 from MYR3.15 but keeps a buy rating. Shares are 2.2% lower at MYR2.23. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TM":"丰田汽车","BK4604":"机器人概念","BK4555":"新能源车","03160":"华夏日股对冲","BK4588":"碎股","BK4099":"汽车制造商","BK4585":"ETF&股票定投概念"},"translate_title":"森那美的工业部门可能成为亮点——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TM":0.72,"03160":0.6},"content_text":"0211 GMT - The outlook for Sime Darby's industrial division could remain a bright spot in 2H FY 2025, despite near-term pressure from price cuts for equipment parts and China's prolonged downturn, RHB IB analyst Syahril Hanafiah says in a note. The industrial segment's order book expanded 23% on quarter as of end-2024, driven by strong commodity demand, he notes. The automotive segment may face cyclical volume normalization, but associate UMW's contributions, especially from Perodua and Toyota, should help offset the decline, he reckons. The analyst cuts FY 2025-FY 2027 earnings forecasts on Sime Darby by 6%, 4% and 4%, respectively. RHB cuts Sime Darby's target price to MYR3.05 from MYR3.15 but keeps a buy rating. Shares are 2.2% lower at MYR2.23. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2025 21:11 ET (02:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}