IT was due to the advantages of size and economies of scale that Sime Darby and other companies in the Permodalan Nasional Bhd (PNB) stable notably Guthrie and Golden Hope decided to merge some three years ago to form what would be for some time the largest company by value on the local bourse.
It was knocked off that top perch as the market downgraded the share following massive losses at its energy and utility division which gobbled up all the great profits made at its other five divisions – plantations, property, motor, industrial and healthcare.
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