首页 社会正文

免费足球贴士_AmInvestment maintains 'neutral' on Sime Darby

admin 社会 2022-07-06 02:37:36 19 0

免费足球贴士www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的免费足球贴士网。

KUALA LUMPUR: Sime Darby Bhd is letting go of its Weifang Port companies for a fair price, said AmInvestment Bank Research, as the trading conglomerate continues to unwind its presence in non-core businesses.

Sime Darby announced yesterday that it had entered into seven share sale agreements to dispose of its Chinese port business for RM1.27bil cash to SPG Bohaiwan Port Group Company.

"Valuation-wise, the RM1.27bil consideration implies 1x P/BV as at March 2022, which we deemed as fair.

"A similar valuation of 1x PB was ascribed when the group disposed of Jining Port companies in December 2020," said the research firm.

In addition, Sime Darby will receive an indicative sum of RM357mil as repayment of shareholder loans.

,

小飞机 怎么 加 群www.tg888.vip)是一个Telegram群组分享平台,飞机群组内容包括Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组(其他)、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容,为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

Net of transaction costs, Sime Darby is expected to pocket total proceeds of RM1.57bil from the disposal, which will be utilised for future capital expenditure and repayment of borrowings.

According to AmInvestment, it is neutral on the exercise as the divestment was not unexpected and in line with the Sime Darby's ongoing rebalancing efforts.

"The group has been monetising its non-core assets and will reallocate the proceeds by reinvesting in its core businesses ie. the motors and industrial divisions for higher returns on investment," it said.

After stripping out Weifang Port's earnings contribution, AmInvestment revised lower its FY23-24 earnings forecast Sime Darby by 1%.

"We maintain 'buy' on Sime Darby with a lower SOP-derived fair value of RM2.88 (from RM2.90), after updating for Weifang Port exit based on disposal proceeds and rolling forward our valuation base year to FY23F, from 2022, " it said.

Sime Darby is a beneficiary of the rally in commodity prices and, moving forward, AmInvestment expects the pick up in economic activiti


转载说明:本文转载自Sunbet。
版权声明

本文仅代表作者观点,
不代表本站锡林郭勒盟新闻频道的立场。
本文系作者授权发表,未经许可,不得转载。

发表评论

评论列表(0人评论 , 19人围观)
☹还没有评论,来说两句吧...