KUALA LUMPUR: Affin Research has downgraded Sime Darby to an Add call from Buy with a target price of RM10.52, it said in a note on Friday.
"Based on our lower CY15 earnings per share of 65.7 sen and an unchanged target price-to-earnings of 16 times, target price for Sime Darby is cut from RM10.94 to RM10.52. With upside to price target reduced to 10.7%, rating for the stock is downgraded," it said.
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