NST Online Business Times : latest
NST Online Business Times : latest |
| Maybank seeks expansion in Thailand Posted: 23 Aug 2011 06:06 PM PDT Malayan Banking Bhd, Malaysia's biggest lender, is seeking to expand in Thailand, Chief Executive Officer Abdul Wahid Omar said in an interview in Kuala Lumpur today. The Kuala Lumpur-based company is currently not actively seeking to takeover local Malaysian rival RHB Capital Bhd, he said. -- Bloomberg  |
| MIDF keeps 'buy' call on Sime Darby Posted: 23 Aug 2011 07:06 PM PDT MIDF Research says Sime Darby Bhd's fourth quarter financial year 2011 earnings are expected to show stellar year-on-year growth. "We estimate its net profit in financial year 2011 to be RM3,244.56 million, which is 6.1 per cent ahead of our expectation. "The estimated earnings would be more than quadruple when compared to the corresponding period last year, mainly due to the low base factor," it said in a research note today. Sime Darby is expected to release its fourth quarter financial year 2011 results tomorrow.
It said the earnings will be mainly contributed by its plantation and motor divisions, with the former expected to realise RM741.02 million in profit before tax. MIDF Research said Sime Darby is also expected to invest RM280 million in two new hospitals located at Ara Damansara and Subang Jaya which are expected to be in operation by the end of next year. It said the healthcare businesses are projected to contribute about 20 per cent of Sime Darby's total revenue in the next three to five years. MIDF Research has reiterated its "buy" call on Sime Darby with an unchanged target price of RM10.55. - Bernama |
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