PETALING JAYA: Despite the expectation of slower earnings growth in the financial year ending June 30, 2013 (FY13) following a sterling performance thus far, news flow on potential corporate actions such as spin-offs and mergers and acquisition could attract investors to diversified group Sime Darby Bhd.
Initiating its coverage on the company, Alliance Research noted that Sime Darby had its “fair share of trials and tribulations” in the past. “But results for the first half of FY12 revealed that the group is at last firing on all cylinders,” it said in a report.