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Top Calls
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Company Update � Sime Darby (HOLD,
maintain)
- Projected hike in gearing can be addressed Proposed acquisition of NBPOL will raise gearing, can still be addressed through the Second DRP plus capex cut in the event the Motor IPO is delayed. We remain positive on the acquisition. In spite of high acquisition PE, we see up to 2% EPS enhancement with a 65% stake and good prospects of new land bank additions. Maintain TP and HOLD pending 2QFY15 results release on 26 February 2015.
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Other Calls
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